PlusAI terminated its SPAC merger with Churchill Capital Corp. IX due to market conditions. CEO David Liu said existing investors support the company’s next capital raise.
Einride filed Form F-4 for its $1.35 billion SPAC merger with Legato and is deploying 75 electric trucks for Amazon across five U.S. locations.
Einride raised $113 million in an oversubscribed PIPE that surpassed its $100 million target, bringing total committed investments to $213 million and positioning the Swedish company for a 2026 NYSE debut under the ticker ENRD.
CEO David Liu outlines path to 2026 trading debut, leadership additions
Transaction valued at $1.8 billion for Swedish autonomous and electric truck technology company
Daimler Truck North America is delivering its latest flagship on-highway trucks to the autonomous testing fleet of Torc Robotics, a subsidiary of Daimler Truck. The trucks are based on the recently unveiled fifth-generation Freightliner Cascadia.
Kodiak Robotics announced Monday it has entered into an agreement with Ares Acquisition Corp. II, a publicly traded special purpose acquisition company.
Electric Last Mile Systems went public through a SPAC merger on Monday, with its stock initially jumping about 10% before sliding as the morning trading session wore on.
Electric vehicle manufacturer ELMS will debut a prototype of its Class 3 cargo van at the FedEx contractors event at the end of July.
Singapore-based ride-hailing company Grab is expected to go public via a SPAC with a fund from Altimeter Growth, according to a report.
DHL Express was pleased with a trial of nine Lightning eMotors electric Ford Transit vans and is now ordering an additional 89 units to deploy in New York and California.
In today’s edition of The Daily Dash, conditions remain favorable for LTLs and the overall freight environment. Plus, a new SPAC targets transportation companies in the heartland, and rising commodity prices could soon impact trucking.
Startup gets $780 million from Diamond Peak Holdings Corp. to build commercial fleet-focused electric pickup truck.
In today’s edition of The Daily Dash, Knight-Swift sees a strong 2021 ahead; experts are predicting a wild Q4; and Kenan Advantage Group could be for sale.
In today’s edition of The Daily Dash, another SPAC is on the hunt for a possible acquisition in the transportation space. Plus, Prologis posts strong Q3 earnings and more charges in the Louisiana investigation into staged truck accidents.
VCs talk SPACs and clean tech investment in wake of Nikola scandal.
Chris Thomas, a veteran venture capitalist from the mobility sector, teams with Detroit and European-experienced experts to invest in startups in physical and digital movement of freight, people, data and energy.
3D printing company Desktop Metal adds $575 million in capital to advance its efforts to reshape the manufacturing sector.
Live from the FreightWaves Carrier Summit, Andrew and Kevin host Ben Gordon, Managing Partner at Cambridge Capital and BGSA, to discuss final mile strategies, recent M&A activity and story stock SPACs.
