startup

Joby Aviation, a California-based electric air taxi startup, has raised $590 million in Series C financing that includes a $394 million investment from Toyota Motor Corp. (NYSE: TM), which led the funding round.  Other notable investors include prior participants SPARX Group, Intel Capital,...

Autonomous trucking startup Starsky Robotics is in talks with potential buyers, including some with its rivals, after failing to raise new funding to stay afloat, a former employee claims. The 3-year-old startup is best known for its Level 4 autonomous trucking technology that uses truck drivers...

Since the rise of ecommerce, there has been a perennial need for businesses within the logistics sector to optimize their operations to expedite product movement. Technology is seen as a primary driver of those optimization efforts.  However, adopting technology into operations is easier said than...

Nauto, a California-based technology startup that improves driver behavior, has unveiled an artificial intelligence (AI) powered driver behavior learning platform for commercial vehicles, which will integrate with the safety programs set in place by Nauto's fleet customers. Nauto's platform takes a...

India-based logistics startup ElasticRun has raised a Series C investment of $40 million in a round led by Prosus Ventures and saw the participation of existing investors Avataar Ventures and Kalaari Capital. ElasticRun has built a last-mile logistics platform for the Indian market that helps...

Volvo Group Venture Capital is investing in an Israeli automotive cybersecurity startup to help protect its one million "connected assets," which it claims exceeds any competitor. Volvo participated in a $30 million Series B fundraising round for Tel Aviv-based Upstream Security led by Renault...

Freight forwarder Flexport acquired a startup that develops technology for tracking containerized goods. Burlingame, California-based Crux Systems said its technology "informs supply chain planning by driving actionable insights that can reduce dwell times, demurrage fees and hours spent tracking...

Shared mopeds are now competing with electric scooters and bikes to save congested city streets.  Electric moped startup Revel just raised $27.6 million in a Series A round led by Ibex Investors. Other investors included Toyota Al Ventures, Blue Collective, Launch Capital and Maniv Mobility. ...

The Swedish startup Einride has raised $25 million in a Series A round and will use the funds to grow its driverless and cabless truck business.  In an interview with FreightWaves, co-founder and CEO Robert Falck said the company aims to accelerate number of vehicles in its fleet as well as...

Imagine if Uber Technologies Inc (NYSE: UBER) and public transit had a baby.  Meet Via – an international on-demand ride-hailing service that operates as the first and final mile to public transportation. If no public transportation operates in a section of a city, Via acts as the primary shuttle...

German logistics startup sennder had acquired Spanish competitor Innroute, expanding its  European digital freight-forwarding platform after raising more than $100 million in 2019.  The Berlin-based firm announced the acquisition on Linkedin on September 25. Terms were not disclosed. "We are...

Fuel-cell startup Loop Energy is getting a cash infusion from Cummins Inc. (NYSE: CMI), marking the engine maker's second investment in hydrogen fuel-cell technology this month.  Neither Burnaby, British Columbia-based Loop nor Columbus, Indiana-based Cummins would disclose the amount of the...

Good Day, A startup attempting to shake up Canada's freight market plans to offer its newly launched load board for free to speed up adoption. The Canadian Load Board will make the core version of its namesake platform free of charge on September 9, two months after launching. "We hope that the...

German sports car manufacturer Porsche was part of a $19 million Series A round of investment in Israeli startup TriEye. TriEye promises to improve visibility of autonomous vehicles when they are cruising through low visibility conditions like adverse weather or a dark environment.  About 80...