Electrification startup Synop is carving a niche for itself focused on help electric fleets return electricity to the grid and get paid for it.
Kodiak Robotics is delaying commercial on-highway driverless trucks to focus on autonomy in the Permian Basin.
The financial freezeout of startups by investors may be thawing as FOMU — the fear of messing up — begins to subside.
A review of the state of SPAC-sponsored and other electrification startup shows a less-than-pretty picture.
Moves similar to blackjack tactics describe how cash-poor transportation startups are grasping for new capital.
“This new funding will help us accelerate development of our platform and add even more data sets to enrich our expert industry analyses to further drive transparency in the market,” says Xeneta co-founder and CEO Patrik Berglund.
Outrider, an autonomous distribution yard developer, is readying a robotics kit that would allow shippers to automate operations.
NewRoad Capital Partners leads Series B investment in cloud fulfillment platform Logiwa.
Nikola Corp. adjourned its annual meeting Wednesday after too few investors voted on a proposal to raise the number of shares in the electric truck maker.
“We are a data company that happens to be applying our data points to solving problems in supply chain,” says Dray Alliance co-founder and CEO Steve Wen.
The New York Shipping Exchange, a digital trading platform for two-way committed ocean contracts, announced it raised $15 million in its latest funding round.
Headless commerce company Shogun has raised $67.5 million to scale its solution and speed the go-to-market process.
Nikola puts FreightWaves in the passenger seat of a battery-electric Class 8 daycab nearing production in Arizona.
Trucks Venture Fund 2 is backed by seven large global partners — three auto OEMs, three auto suppliers and one communications company.
“These applications are really becoming table stakes. People and consumers believe the software we’re getting at home is the software that we should see in the office.”
“What is really attractive is the technology platform that enables the retailer to do a full assortment of products.”
Global payments technology provider Stripe has raised $600 million in a new funding round at a $95 billion valuation, making it the most expensive startup in the U.S.
Electric chassis maker Xos Trucks may be the next electrification startup to get a financial injection by merging with a special purpose acquisition company, Reuters reported Monday.
TravelCenters of America counted more than $88,000 in small change for the St. Christopher Trucker Relief Fund, bringing the charity close to its $1 million fundraising goal.
TravelCenters of America caps its first year under new CEO Jonathan Pertchik by posting practically all its assets to secure a $200 million loan to carry out the turnaround expert’s business makeover.
Redwood Logistics’ #HeroChallenge and Women in Logistics webinar raised funds to celebrate GivingTuesday.
Truckers Final Mile charity helps bring deceased truckers home but also wants to ensure children who lost a parent have a present under the Christmas tree.
Chinese warehousing robotics startup Geek+ is the most funded startup in the world in its segment.
Clearpath Robotics’ division closes Series C as it prepares to put more of its autonomous vehicles into additional warehouses and manufacturing facilities as demand grows during COVID-19 pandemic.
Nikola Corp. revealed two more funding sources of its heavy-duty fuel cell truck on Thursday, September 5. German supplier Robert Bosch LLC and South Korean solar panel maker Hanwha Group each invested at least $100 million cash in earlier funding rounds.
Nikola Corp. expects to raise more than $1 billion in its Series D runding raising. That starts with London-based CNH Industrial that invested $250 million in cash and in-kind help.
Bellhops Moving, a startup based in Freight Alley, set a new fundraising record for the area on Tuesday with a $31 million Series C round.
