Canadian electric truck and bus manufacturer Lion Electric is poised to go public after Northern Genesis Acquisition Corp. shareholders approve SPAC merger.
Hyliion Holdings stock is getting hammered along with most electric vehicle startups, but CEO Thomas Healy is staying optimistic.
Hyzon Motors plans to deliver the first of 15 hydrogen-powered fuel cell trucks in the Netherlands in Q3, further establishing Europe leadership.
Truck Talk is a weekly newsletter from FreightWaves that adds perspective and context to happenings in the trucking industry.
SPAC-backed stocks are getting hammered, but Hyliion soldiers on in preparing the negative net-zero carbon Hypertruck ERX.
Research firm Cowen has set a price target of $28.50 per share for EV startup Arrival – more than $10 higher than Monday’s trading price. Cowen cited its unique approach to manufacturing as one reason for its optimism.
Truck Talk is a weekly newsletter where FreightWaves adds context, commentary and color to industry news and trends.
Autonomous trucking startup Plus is beginning production of Level 4 software this year as it works toward 10 billion miles of on-road testing.
TuSimple, the self-driving truck startup backed by fleets, suppliers and manufacturers, filed on Tuesday to become a public company.
UK electric van and bus startup Arrival adds to Charlotte, North Carolina, presence with second US microfactory targeted to fill UPS order.
This deal would have been Vista’s fourth attempt to exit its investment with transportation telematics provider Omnitracs, along with a second attempt to merge with the firm’s portfolio company, Solera, an automotive and insurance software company.
SPAC acquisitions are cropping up with more frequency, and we can only expect more deals to go through in 2021.
Micromobility company Helbiz will secure approximately $82.5 million when it is listed on the NASDAQ stock exchange through a SPAC deal expected to close in the second quarter.
Short seller Hindenburg Research alleges fictitious orders and other fraudulent at electric pickup truck startup Lordstown Motors.
Truck Talk is a weekly newsletter where FreightWaves adds context, commentary and color to industry news and trends.
Southeast Asian rideshare company Grab is in talks to go public through a SPAC led by Altimeter Capital, according to published reports.
The SPAC combination would be at least the fourth time Vista has tried to exit its investment in Omnitracs.
As a love affair with electric vehicle companies fades, self-driving truck startups appear to be the new courtship objects of blank check companies.
Truck Talk is a weekly newsletter where FreightWaves adds context, commentary and color to industry news and trends.
In a wide-ranging keynote during the FreightWaves Global Supply Chain Week, former U.S. Senator Bob Corker expressed concern for America’s global status.
Revolution Acceleration Acquisition, a special purpose acquisition company, combines with Berkshire Grey to tap into the red-hot industrial robotics market.
Berkshire Grey, which provides AI-enabled integrated robotic solutions for the supply chain, will get $413 million in cash.
The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, we highlight the top 10 Biden appointees in the freight industry; a recall at Daimler; growth plans at Yellow Corp.; and big news in the tire industry.
With medium- and heavy-duty trucks already using its electrified chassis, Xos Trucks will have $575 million to scale its business following a SPAC merger.
A $250 million e-commerce- and transportation-focused SPAC was filed Friday. Logistics industry veteran Dick Metzler is behind the deal.
Fuel cell manufacturer Hyzon Motors agrees to a SPAC merger that will bring a $570 million cash injection for global scaling of the Singapore spinoff’s business.
Hyzon Motors, the fuel cell startup could get hundreds of millions of dollars in backing from a special purpose acquisition company this week.
Supply chain software provider E2Open is now trading on the NYSE under a new symbol.
Romeo Power Inc. claims a two-year lead over competitors in the race to fast-charging, long-range batteries for electric trucks. But new entries, backed by blank-check companies like Romeo was, are flooding the market.
When he tried to sell GM’s iconic Hummer brand to the Chinese a decade ago, Jim Taylor never imagined he would import tiny electric delivery van bodies from China to finish in the plant that spawned the hulking SUV.
Commercial vehicle electrification developer Proterra Inc. will go public via a reverse merger with special purpose acquisition company ArcLight Clean Transportation Corp. Daimler Trucks is among lead investors raising $648 million Proterra is expected to receive.
Electric vehicle chassis maker Motiv Power Systems has secured $20 million in debt financing from Crescent Cove Advisors.
The purchase of 12.5 million shares of Hyliion stock with warrants issued to initial stock purchasers in SPAC sponsor Tortoise Acquisition Corp. netted $142 million for the hybrid truck driveline maker.
Here is the first issue of FreightWaves Truck Talk, a weekly newsletter adding perspective, context and commentary to industry news and trends.
Motiv Power is adding to its order book for medium-duty electrified chassis and generating revenue. Special purpose acquisition company (SPAC) interest is growing.
The inside-out design of Canoo electric delivery vehicle means it could have many appearances as public trading for the $600 million SPAC-sponsored startup nears.
Digital freight-matching brokerage Transfix is in discussions with a special purpose acquisition company that could lead to its listing as a public company, according to Bloomberg.
Canadian electric truck and bus manufacturer The Lion Electric Company expects to list on NYSE and raise $500 million after combining with blank check company though a SPAC merger.
Cowen Inc. helps bolster the balance sheets of startup electric vehicle companies by recruiting private investment in public equity to help young companies earn higher valuations.
Clarendon Capital’s John Larkin talks SPAC with HCAC’s Dan Hennessy during FreightWaves’ FreightTech Venture Summit.
The once little-regarded special purpose acquisition company is all the rage on Wall Street as $56 billion in blank check companies seek reverse merger targets. A leader of two of those efforts cautions day traders to know what they are investing in.
Craig Fuller and Mike Isaac discuss Isaac’s book as well as the rise and fall of Uber. They dive into the evolution of Uber, the company’s new reliance on Uber Eats and the impacts of new regulations.
Barry Engle and his Qell Acquisition Corp. raised $380 million to invest in a next-generation mobility startup. But how many great candidates are left in the SPAC craze?
We discuss Ted Weschler, Berkshire money manager and his move to purchase $45mm of Dillard’s stock. Then, we break down some of the most notable upcoming futuristic SPACs.
The vote to complete a reverse merger for commercial electric pickup startup Lordstown Motors is set for Oct. 22 amid greater than run-of-the-mill business risks.
Commercial vehicle battery maker Romeo Power gets a blank check company’s backing as investors target electric components and infrastructure for electric trucks.
Hyliion Holdings Corp. CEO Thomas Healy draws distinctions between his company and embattled Nikola Hyliion begins public trading.
Holders of stock in a shell corporation voted Monday to merge with electric driveline maker Hyliion Corp., pledging $560 million to fund the startup’s business plan to make heavy-duty trucks cleaner and quieter.
Startup hybrid truck drivetrain maker Hyliion expects to complete its short trip to public trading on Monday when Tortoise Acquisition shareholders count votes on a reverse merger under which Hyliion would trade on the NYSE and get $560 million to fund its business plan.
Andrew, Kevin and Seth talk about the next steps for salvaging Nikola and what to expect for Tesla’s Battery Day. Thanks again to the research contributions from CarrierDirect.
The fallout at Nikola could place additional scrutiny on new public offerings and nontraditional special purpose acquisition companies.
