Investment
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Infographics
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Trucking
European on-demand trucking platform Ontruck secures €17 million
The investment round was led by OGCI Climate Investments, a $1 billion+ fund that invests in solutions to decarbonize commercial transport.
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Technology
Ford terminates electric vehicle program with Rivian
Ford has invested $500 million in Rivian and participated in the startup’s $1.3 billion investment raise in 2019.
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Technology
Brazilian digital freight broker Cargo X raises $80 million
Cargo X is Brazil’s largest digital freight marketplace, connecting about 20,000 carriers and their 400,000 truckers with freight.
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Technology
Shippo raises $30 million in Series C investment
Shippo is a next-generation shipping platform for ecommerce businesses, helping them provide their end consumers with an exceptional shipping experience.
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Technology
OneRail raises $5.8 million to build on its omnichannel fulfillment solution
OneRail is a last-mile orchestration and fulfillment platform that consolidates the needs of shippers and retailers onto a single platform.
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Business
Maven Machines raises $7 million to scale up fleet management platform
The startup plans to triple its team size by the end of 2020.
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Company earnings
Mobility technology company Aptiv registers slow Q4 growth amid GM labor strike
Aptiv’s Q4 2019 U.S. revenue stood at $3.6 billion, a decrease of 1% year-over-year.
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New Tech
Toyota invests $394 million in flying taxi startup Joby Aviation
California-based electric air taxi startup Joby Aviation has raised $590 million in its Series C financing round.
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Europe
Drone delivery startup Skyports raises funding from DB Digital Ventures
U.K.-based drone technology startup Skyports operates across London, Los Angeles and Singapore today and plans to be a leader in urban aerial mobility.
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