What ASI Mining does

ASI Mining is a US-based provider of OEM-agnostic autonomous mining vehicle automation systems, headquartered in Mendon, Utah, with 11-50 employees. The company develops and integrates automation technology that operates across multiple equipment manufacturers — specifically Komatsu, Caterpillar, BELAZ, and Volvo CE — enabling mine operators to retrofit and operate mixed-fleet autonomous vehicles rather than being locked to a single OEM's proprietary automation stack. Core technical capabilities include advanced remote control, teleoperation, and fully autonomous driving systems supported by sensor fusion across LiDAR, radar, GPS, and camera inputs, along with computer vision for obstacle detection and site mapping.

The company's product portfolio centers on autonomous haul truck and mining vehicle systems for quarry and large-scale mining environments, with claimed operational outcomes of up to 20% cost reduction and 90-95% reduction in safety incidents. AI capabilities in autonomous agents, computer vision, and process automation are core to the offering rather than peripheral features, addressing mine operator pain points around labor costs, safety risks, and the desire for fleet-wide automation without single-vendor lock-in.

ASI Mining generates revenue through hardware sales and integration services sold via a direct enterprise field sales motion, with custom pricing based on fleet size and integration complexity. In July 2024, the company was acquired by Epiroc AB, a Swedish multinational mining and construction equipment company, integrating ASI Mining's OEM-agnostic automation capabilities into Epiroc's broader portfolio and global distribution network. Post-acquisition, ASI Mining operates as a subsidiary within the Epiroc group, with its technology now positioned to scale across Epiroc's international customer base.

Name

ASI Mining

Website

https://asimining.com

Company type

Private

Operating status

Acquired

Headcount range

11–50 employees

Short description

ASI Mining provides OEM-agnostic autonomous automation systems for mining vehicles, enabling mine operators to retrofit mixed-fleet equipment from Komatsu, Caterpillar, BELAZ, and Volvo CE with remote control, teleoperation, and fully autonomous capabilities. Acquired by Epiroc AB in July 2024.

Ownership category

akta.pro rank

Product category

Autonomous Mining Equipment

NAICS

Mining Machinery and Equipment Manufacturing (333131), Support Activities for Mining (213)

SIC

Mining Machinery & Equip (No Oil & Gas Field Mach & Equip) (3532), Construction, Mining & Materials Handling Machinery & Equip (3530)

akta.pro primary industry

Mining Automation, Telematics & Fleet Management Systems (IMAKANAK)

akta.pro secondary industries

Mining & Underground Vehicles (LHDs, Underground Haul Trucks) (IMAHAIAD), Mining Software, Firmware & Monitoring Platforms (FSADAOAF)

Keywords

• Autonomous mining systems
• Mining vehicle automation
• OEM-agnostic automation
• Teleoperation mining equipment
• Autonomous haul trucks

Headquarters

HQ city

Mendon

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Technology or R&D, Personnel, Supply Chain, Operations, Marketing or Sales

Revenue model

1. Autonomous Mining Equipment Sales and Integration: ASI Mining generates revenue through the sale and integration of autonomous mining equipment automation systems. The company provides turnkey solutions that include hardware installation, software integration, and ongoing support services for mining operators deploying autonomous fleets.

Go-to-market motion1 record

Distribution channels1 record

Core offering

ASI Mining provides OEM-agnostic autonomous automation systems for mining vehicles, enabling mining operators and quarries to retrofit and automate mixed-fleet equipment from multiple manufacturers including Komatsu, Caterpillar, BELAZ, and Volvo CE. The company sells turnkey solutions combining hardware installation, software integration, and ongoing support, delivering remote control, teleoperation, and fully autonomous capabilities.

Product overview

ASI Mining is a US-based provider of OEM-agnostic automation systems for the mining industry. The company specializes in autonomous mining technology that integrates with equipment from multiple manufacturers (Komatsu, Caterpillar, BELAZ, Volvo CE) rather than being limited to a single OEM brand. ASI Mining's product portfolio centers on automation solutions including advanced remote control, teleoperation, and fully autonomous vehicle systems. In July 2024, ASI Mining was acquired by Epiroc AB to strengthen Epiroc's autonomous mining capabilities.

Differentiator

Problem solved

Functional benefit

Products and services

• ASI Mining OEM-Agnostic Automation Systems Turnkey autonomous mining vehicle automation systems that integrate with multiple original equipment manufacturers (Komatsu, Caterpillar, BELAZ, Volvo CE). Includes hardware installation, software integration, and ongoing support services enabling remote control, teleoperation, and fully autonomous operations for large mining operators and quarries.

Quantifiable outcome

• Up to 20% cost reduction in mining operations through autonomous haul truck deployment
• +1 more outcomes

Segments1 record

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability4 records

Feature4 records

Partnerships

One partnership is on record.

• Epiroc ABflagshipStrategic or Co-development Partner · 1 July 2024In July 2024, Epiroc AB, a Swedish mining and construction equipment company, acquired ASI Mining to strengthen its autonomous mining capabilities. The acquisition brought ASI Mining's OEM-agnostic automation systems, including advanced remote control, teleoperation, and fully autonomous technologies, into Epiroc's portfolio. This strategic acquisition positions Epiroc to offer comprehensive autonomous solutions across multiple equipment brands.

Scale indicators1 record

Recent moves4 records

Expansion highlights4 records

Emerging players

• SafeAI: SafeAI retrofits heavy construction and mining equipment with autonomous driving technology, sharing ASI Mining's OEM-agnostic retrofit philosophy but at an earlier commercial stage.
• Built Robotics: Built Robotics develops autonomous technology for heavy equipment in construction and adjacent industries, representing an emerging competitor with similar retrofit-style autonomy for industrial machinery.

Direct peers

• Caterpillar: Caterpillar offers Cat MineStar Command for autonomous haulage, a directly competing solution to ASI Mining's autonomous truck offering, but tightly coupled to Cat's own equipment whereas ASI Mining is OEM-agnostic.
• Komatsu: Komatsu's FrontRunner autonomous haulage system is a flagship direct competitor in autonomous mining trucks; Komatsu is also one of the OEM brands ASI Mining integrates with, illustrating the competitive and partnership overlap.
• Sandvik: Sandvik's AutoMine portfolio offers autonomous underground loaders and trucks, directly competing with ASI Mining's autonomous underground and surface vehicle systems in the same mining customers.
• RCT: RCT provides autonomous and remote-control mining vehicle technology across mixed fleets, directly comparable to ASI Mining's value proposition and even listed as a related brand in the Epiroc group portfolio.

Broad incumbents

• Epiroc: Epiroc is ASI Mining's parent company post-2024 acquisition and a broad mining and infrastructure equipment incumbent with its own 6th Sense automation suite; it is both an internal customer/distributor and a competitive benchmark in mining automation.
• Hitachi Construction Machinery: Hitachi offers autonomous mining shovel and truck solutions as part of its broader mining equipment portfolio, making it an incumbent competitor whose equipment fleets are also integration candidates for ASI Mining.
• Volvo CE: Volvo Construction Equipment is both a listed integration partner for ASI Mining and a broader equipment OEM developing its own automation and electric-haulage programs, creating overlapping partnership and competitive dynamics.
• Liebherr: Liebherr produces mining trucks and excavators with growing automation features, making it an incumbent whose mixed-fleet customers overlap with ASI Mining's OEM-agnostic target market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ASI Mining