Three companies departed autonomous trucking in 2023 as Aurora Innovation, Kodiak Robotics and Torc Robotics staked leadership claims.
Softbank is leading a $140 million investment into headless commerce firm fabric at a $1.5 billion valuation.
The current roster of FreightTech unicorns is made up of established companies run by veterans and backed by smart money.
Chicago-based on-demand freight marketplace closes on $200 million series D round.
Supply chain tech is increasingly driven by late-stage venture capital activity.
“Over more than two years of working with Parcel Perform, their solution has become our global track-and-trace solution,” said Davide Costella, global delivery services manager at Nespresso.
ShipBob has secured a $200 million Series E round, valuing the cloud-based logistics platform at over $1 billion.
Chinese ride-hailing company Didi has filed for an IPO on the New York Stock Exchange, but some analysts are already questioning the long-term value of the stock.
Chinese ride-hailing giant Didi has filed paperwork with the SEC for an IPO on a major U.S. stock exchange.
A report said that Walmart-owned Flipkart is close to securing $3 billion in new funding as the Indian e-commerce giant explores a possible IPO.
Singapore-based ride-hailing company Grab is expected to go public via a SPAC with a fund from Altimeter Growth, according to a report.
Uber’s stock dips on a report that Goldman Sachs is looking to unload 38 million shares. The company has made several moves recently to shore up the balance sheet and sustain its cash-intensive brokerage segment.
Full Truck Alliance is an investor in Plus, an autonomous trucking company rolling out a Level 3 truck in China starting in 2021.
Kevin and I are joined again by Ben Gordon, Managing Partner and CEO, Cambridge Capital and BGSA, to discuss the importance of the Nikola-GM partnership. We also debate whether there will be demand for exoskeletons in warehouses, as well as the role SoftBank is playing in the current tech “bubble.” Thanks as always to our […]
Samsara introduces driver efficiency scores; core capital goods shipments from U.S. drops; Softbank looks to fix U.S. roads.
Walmart seeks to bolster its online grocery business through autonomous home delivery.
The fast growing forwarder Flexport was awarded sixth place in FreightWaves 2020 FreightTech 25 competition.
Revenue growth on negative unit economics is dead as a business model.
How Flexport is managing the challenges of todays air cargo environment
Plus: Waymo releases data; Softbank opens up IPOs; Nevada truckers to retake driving tests.
Canada Pension Plan Investment Board to acquire up to 8 percent of fast-growing e-commerce fulfillment company.
The owner of BNSF and the investor behind Uber have more in common than it seems.
Didi Chuxing has spun off its autonomous driving unit as an independent company following discussion of raising fresh capital with its existing shareholders and potential investors.
Plus: Port of Everett lands new tenant; biodiesel trumps other clean fuels in California and Europe gets a luxury CBD e-commerce site
Plus: SoftBank’s wager, the ownership economy and ride-sharing in Uganda
Cruise Automation, the autonomous vehicle startup acquired by General Motors (NYSE: GM) in 2016, has secured an equity investment of $1.15 billion that values the company at $19 billion. The group of institutional investors included parent GM along with funds and accounts advised by T. Rowe Price Associates and existing partners SoftBank Vision Fund and […]
Uber is planning to sell 14 percent stake on its autonomous driving division for $1 billion to investment firm Softbank, automaker Toyota, and auto parts manufacturer Denso.
The total amount of investment during the first quarter – $1.6 billion – is more than half of the $2.9 billion in venture capital invested for the full year 2018.
Plus: Grocers adopt AI; surge in immigrant truck drivers; California’s latest emissions bill
Uber and Waymo are admitting they don’t want to commit the resources necessary for autonomous tech to be commercially viable.
Up-and-coming freight forwarder aims to flip script in how to reach customers and Japanese fund is on board for that.
San Francisco-based logistics provider Flexport is rumored to be in talks to raise about $500 million in a deal lead by SoftBank Group Corp. (OTC US: SFBTF), according to an article published on Axios Wednesday.
The credit rating agency says that well-capitalized, risk-sharing joint ventures between incumbent automakers have the best chance of successfully bringing AV products to market safely and at scale.
