James Taylor will take his second run at leading a commercial electric truck company as the new CEO of Bollinger Motors.
Hyliion is getting a second chance to make a viable business with its Karno technology that could help generate a buyer for the company.
Three companies departed autonomous trucking in 2023 as Aurora Innovation, Kodiak Robotics and Torc Robotics staked leadership claims.
Nikola Corp. founder Trevor Milton outside federal court after being sentenced to four years in prison. (Photo: Matthew Lee/Inner City Press)
Israeli tech startups count on losing some employees to military reserve duty. Many more are called during wartime.
Who is leading, following, emerging or out of the game in autonomous trucking? Here’s an assessment of shifts among the players.
A review of the state of SPAC-sponsored and other electrification startup shows a less-than-pretty picture.
Hyzon Motors agreed to pay a $25 million fine to settle a Securities and Exchange Commission fraud case.
Moves similar to blackjack tactics describe how cash-poor transportation startups are grasping for new capital.
Hyzon Motors is not out of the woods yet, but it is current on required financial filings and has streamlined its fuel cell business.
Transportation startups that went for easy SPAC money never thought times would turn so ugly – certainly not so fast.
Proterra Inc. and Ouster Inc. are just two of many technology startups and growth-stage companies struggling financially.
A year ago, they fought over patent infringement. Now Ouster and Velodyne are one company seeking to win in the overcrowded lidar market.
Startup electric last-mile van developer Arrival cut 50% of its workforce as it tries to reduce cash burn and make it to production.
FreightTech startup Freightos is raising money through a public offering rather than seeking venture capital.
La plataforma digital de reservas de carga recauda 80 millones de dólares mediante una fusión
It is pretty much acknowledged across the trucking industry that a consolidation of players in autonomous trucking is coming.
It is not exactly a fundraising round, but Kodiak Robotics is generating $49.9 million in autonomous work for the U.S. Army
Hydrogen fuel cell truck maker Hyzon Motors faces Nasdaq deadlines after missing a financial filing for the second consecutive quarter.
Mark Russell has been selling converted options in Nikola daily since mid-September, which is not a good look for a company CEO.
Separar los problemas de la comercialización de camiones autónomos es cada vez más difícil
The Wall Street Journal reports multiple federal probes of TuSimple’s China dealings after a watchdog set up oversight in February.
Romeo Power founder Michael Patterson shares what happened at the startup battery maker as a cautionary tale for other SPAC-backed startups.
Nikola founder Trevor Milton’s fraud trial was delayed until Oct. 11 because a defense attorney tested positive for COVID-19.
Se ordenó un retraso de una semana cuando el caso de la defensa estaba a punto de concluir
Nikola founder Trevor Milton’s fraud trial begins Monday, Sept. 12, in the U.S. District Court for the Southern District of New York.
With day traders and sports bettors piling into SPACs, valuations of young companies became the stuff of fantasy.
Shareholder letters and earnings call transcripts don’t qualify as page-turning vacation reading. But they say a lot.
Unsure that financially struggling Romeo Power could keep supplying batteries for its electric trucks, Nikola is buying the company.
G Squared is to provide Transfix with financing and more capital.
Last Mile Solutions told the Securities and Exchange Commission it is nearly out of cash and could run out of money this month.
Freightos, a backed by FedEx, is raising capital through a special purpose acquisition company and IPO.
Electric work truck startup Atlis Motor Vehicles has crowdfunded $32.6 million from nearly 29,000 investors as it readies a public offering.
Startup Xos Trucks introduced full-fledged heavy- and medium-duty electric chassis cabs, signifying its graduation from a powertrain component integrator.
Autonomous trucking startup Plus is making a scaled-back version of its autonomous trucking software available through upfitting.
Nikola is raising money to scale its production of electric trucks through sales of new stock and tapping an equity line of credit.
The survival of electric pickup truck startup Lordstown Motors likely hinges on completing the plant sale to Taiwan’s Foxconn.
Truck Tech is a weekly newsletter providing perspective and context on autonomy, electrification and other technologies impacting the fleet ecosystem.
Nikola has put wheels in motion to sell up to $1.2 billion in new stock to keep scaling its electric truck and hydrogen businesses.
No hay un calendario concreto, pero el fabricante de camiones eléctricos ha indicado que la ampliación de capital será este año
Nikola is asking shareholders to dilute their investment by authorizing 200 million new shares of the electric truck maker that could raise $1.5 billion.
Los 5 principales ejecutivos se mantienen con sueldos de 1 dólar al año, apostando por la revalorización de las acciones
Top executives resigned at ELMS Inc. following a board probe into their discounted stock purchases before a SPAC merger.
Tula Technology’s engine controls could clear a major hurdle for trucking companies facing tougher emissions rules.
Sales focus on Asia by spin-off of Horizon Fuel Cell Technology brought weak prices despite surpassing delivery projections.
Truck Tech is a weekly newsletter focusing on autonomous, connected and electric innovations in the trucking ecosystem for fleets.
Aurora Innovation acquired Uber’s advanced technology group last year. Now it is piloting autonomous integration with Uber Freight.
Hedge funds and retail investors led the takeoff in transportation SPACs that are barely staying aloft. Guess who gets the better end of that deal?
Aurora Technology pledges to be first to take the driver out of an autonomous truck in late 2023, but its freight ambitions are modest at present.
Embark Trucks rings the Nasdaq bell to begin public trading Thursday, but early share redemptions in its SPAC merger cut proceeds by $300 million.
Autonomous trucking software developer Kodiak Robotics raises $125 million in new capital after passing on going public via SPAC.
Serial SPAC creator Hennessy Capital and Plus cancel their merger, likely over Chinese technology regulations that could carry over to U.S. business.
As public trading nears this week, 26-year-old Embark Trucks co-founders Alex Rodrigues and Brandon Moak focus on lean autonomous trucking.
Truck Talk is a weekly newsletter offering perspective, context and insight into issues in the commercial truck ecosystem.
Editor’s Note: Updates with closing stock price Nikola Corp. set aside $125 million to potentially settle a Securities and Exchange Commission complaint but will seek to get indicted founder Trevor […]
From merger to business combination in less than four months, self-driving startup Aurora Innovation expects to begin public trading on Thursday.
Chinese investment scrutiny and SPAC renegotiation suggest going public may not happen for autonomous trucking software maker Plus.
Aurora Innovation and Embark Trucks will soon join TuSimple Holdings as stocks betting on the future of driverless trucks.
With 14,200 reservations for its autonomous trucking software, Embark Trucks predicts it will surpass the first-year revenue target.
Truck Talk is a weekly newsletter that brings perspective and context to happenings in the commercial trucking ecosystem.
Electric Last Mile Solutions has delivered its first Class 1 all-electric cargo van to a customer, beating a Q4 goal for the first delivery.
The Plus supervised autonomy system differs Level 4 testing by competitors, but it puts some automated driving functions within reach of fleets faster.
New-generation autonomous trucks are losing their Frankenstein’s monster image thanks to better-packaged technology designs.
SPAC-sponsored autonomous software developer Embark Trucks is tapping industry experts for advice as its public debut nears.
“We are thrilled to be partnering with G Squared on this significant milestone,” said Transfix CEO Lily Shen.
Embark Trucks will use BYD electric trucks to cover 50 miles of HP printer loads, while its autonomous tractors take the middle segment.
Startup Locomation sees huge upside for an autonomous trucking convoy, but it has a long road to meeting its goal of 60,000 trucking pairs by 2025.
Short seller Fuzzy Panda dumps dirt on Workhorse, including confirming an SEC probe of the troubled electric delivery van maker.
The remarkable lack of engine noise in Hyzon Motors’ hydrogen-powered fuel cell electric truck is matched by its lack of emissions.
The fusion of Aurora Driver with Uber ATG autonomous software brings the technology developer closer to commercialization.
Shares of electric chassis maker Xos Trucks closed 14.5% lower in their first day of public trading, getting a reception similar to its peers.
Romeo Power locks in cell supply for its commercial batteries, paying a big price to assure it can answer demand from truck manufacturers.
“I am not kidding: Scaling this is the hardest thing I have ever done in my career.”
Truck Talk is a weekly newsletter adding perspective and context to trucking industry news.
Autonomous truck software developer Embark Trucks is using Nvidia’s system on a chip for its plug-and-play autonomous system.
Truck Talk is a weekly newsletter offering perspective and context behind news in the trucking industry.
Hyzon Motors, the fuel cell electric truck maker, has $550 million to invest in production, R&D, and hydrogen making for trucks and buses.
Company looks to take the lead in the cloud-based manufacturing and supply chain segment.
Aurora Innovation gets a $10.6 billion enterprise value, the second highest of four autonomous driving software developers seeking to go public.
AEye’s pencil dot-sized LiDAR sensor can see a half-mile ahead and instantly switch to wide view of traffic cut ins.
Troubled electric pickup truck maker Lordstown Motors reportedly is the subject of a Justice Department probe, according to multiple media reports.
Embark Trucks plans to go public at a $5.16 billion valuation with sponsorship by the special purpose acquisition company that backed Lion Electric.
Acronyms like SPAC and PIPE dominate business news as the abbreviated path to public ownership becomes increasingly common.
Two days after declaring it had binding orders for its commercial electric pickup trucks, Lordstown Motors backtracked in an SEC filing.
A day after its CEO and chief financial officer quit, Lordstown Motors said it is proceeding with battery-electric commercial pickup production..
Money matters, but the chance to tell investors its growth story led to revenue-positive Proterra riding a SPAC to public trading.
Nikola Corp. agreed to sell Tumim Stone Capital up to $300 million in new shares over the next three years.
Lordstown Motors Corp.’s top two executives are out following an internal investigation into allegations of phony preorders for electric pickup trucks.
Spartacus will acquire the company in a valuation of more than $1B; more than $400M will be plowed back into the business for growth.
Once high-flying SPAC Lordstown Motors said Tuesday it may fail without more money to produce commercial electric pickup trucks.
The blank-check route to going public is losing steam, but Aurora Innovation may take the plunge in a SPAC led by one of its investors.
“We plan to expand to three global manufacturing facilities, expedite product development, grow our global sales and service operations teams and so much more.”
Kodiak Robotics strikes a partnership with South Korea’s SK conglomerate to move its autonomous trucking software to Asia.
Truck Talk is a weekly newsletter offering perspective and context on happenings in the industry.
The Q1 earnings call covers everything but financials as Hyliion Holdings reworks its filings to show stock warrants as liabilities instead of equity.
Self-driving truck software maker Plus signed its long-rumored SPAC with $500 million cash and $3.3 billion valuation expected in Q3.
On its first day of public trading, Canada’s Lion Electric announces a plan to build trucks and buses in Illinois, creating 745 new jobs over three years.
Truck Talk is a weekly newsletter providing background, context and perspective to the trucking industry.
Nikola was early to the SPAC party. Now it is among the first to take a paper loss on stock warrants by following stricter SEC guidelines.
With TuSimple going public by IPO, a new report says rival autonomous trucking software developer Plus will soon follow via SPAC.
