transportation SPACs

Losers among transportation startups are rapidly being defined, It will take longer to determine the winners.

Lightning eMotors identifies electrifying small school buses and shuttle vans as its niche. Scaling depends on finding new capital.

Embark Trucks, the original autonomous trucking company, may put itself up for sale or liquidate after laying off 70% of its employees.

As valuations of SPAC-backed startups plummet, one autonomous trucking developer that avoided the FOMO and stayed private is thriving.

TuSimple told federal officials about the crash of one of its supervised autonomous trucks and temporarily grounded its fleet. But it neglected to inform its partner, Navistar.

Layoffs get the attention but plenty of electric transportation startups are still hiring. They are getting creative with fundraising, too.

Twin SPAC backer ArcLight Capital is investing $50 million in a truck-as-a-service business that handles Class 1-8 vehicles.

It’s the end of the line for Electric Last Mile Solutions as it becomes the first transportation SPAC to file for bankruptcy liquidation.

Australia’s Tritium is making a charge in U.S. market with a move into direct current fast charging for electric trucks.

Digital broker Transfix posted record results for 2021. The company’s public listing is on track for the second quarter.

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A $250 million e-commerce- and transportation-focused SPAC was filed Friday. Logistics industry veteran Dick Metzler is behind the deal.