As a love affair with electric vehicle companies fades, self-driving truck startups appear to be the new courtship objects of blank check companies.
Coming out of the University of Cambridge, the team has extensive research published in academic journals to back up their claims.
Self-driving truck technology startup Plus is already working on an autonomous freight matching project in China. Now it has investors there.
Electric powertrain manufacturer Lightning Systems announced a $41 million funding round to help meet growing demand for electric powertrains in U.S. commercial fleets. BP Ventures led the investment round, which was announced Dec. 3, with additional funds from Cupola Infrastructure Income Fund. Colorado-based Lightning Systems designs and manufactures zero-emission, all-electric powertrains for commercial fleets — […]
New York startup to jolt U.S. growth with micro-fulfillment centers that aim to give small retailers relevance in the Amazon age.
SIMBA Chain has raised $500,000 in a pre-seed financing round, according to PR Newswire. Backers of the round include Elevate Ventures, the Notre Dame Pit Road Fund, Tracy Graham (chief executive officer of Data Reality) and Hari Agarwal (chief executive officer of AECI International).
Autonomous truck technology has the potential to change the cost structure of the carrier industry. A McKinsey & Company report said that a fully autonomous trucking market would cut operating costs by 45 percent, saving carrier companies between $85 billion and $125 billion annually.
The rapidly growing connected sensor and software company doubled its valuation and positioned for future progress ahead of what could be 2019’s “winter for venture capital.”
Emerge, a startup providing Private Freight Marketplace (PFM) and TMS, and striving to increase visibility into freight supply chains, has raised $20 million in a seed round led by Greycroft Partners.
Shipwell, a freight shipping platform that makes shipping a seamless experience for SMEs, has raised $10 million in its Series A financing round, led by Fifth Wall VC.
