Fidelity Management & Research Company LLC

BETA Technologies raises $368M to fund electric aircraft development

The development trajectory of electric aircraft received a big boost on Tuesday when BETA Technologies announced it had raised $368 million in a private round of fundraising led by Fidelity Management & Research Company.

Additional investors included Amazon’s Climate Pledge Fund and unnamed new and returning investors. The South Burlington, Vermont, company develops and manufactures electric vertical takeoff and landing (eVTOL) aircraft and the associated recharging system.

“We’re gratified for...

https://www.freightwaves.com/news/beta-technologies-raises-360m-to-fund-electric-aircraft-development

Houston, we have a robot: Nuro, Domino’s team up for autonomous pizza delivery

Nuro R2 self-driving robot delivering Domino's pizza in Houston

Starting this week, residents in Houston are able to order from Domino’s (NYSE: DPZ) and have their pizza delivered via an autonomous delivery vehicle.

Self-driving delivery company Nuro is now offering delivery of Domino’s pizza in the area on certain days and times by its R2 robot vehicle. The deliveries are being made from Domino’s Woodland Heights location.

“Nuro’s mission is to better everyday life through robotics. Now, for the first time, we’re launching real-world, autonomous deliveries...

https://www.freightwaves.com/news/houston-we-have-a-robot-nuro-dominos-team-up-for-autonomous-pizza-delivery

Grab to secure $4.5B in new funding from $39.5B SPAC merger

Singapore-based Grab Holdings announced it will go public on the NASDAQ stock exchange through a merger with special purpose acquisition company (SPAC) Altimeter Growth Corp. (NASDAQ: AGC) in a deal that will value the company at approximately $39.5 billion.

AGC was off more than 5% in morning trading following the news. It closed Monday at $13.95.

Grab will net nearly $4.5 billion in funding from the transaction, including private investment in public equity (PIPE) funding of $4 billion....

https://www.freightwaves.com/news/grab-to-secure-45b-in-new-funding-from-395b-spac-merger

TuSimple seeks to raise up to $1.5B in IPO stock sale

Autonomous truck software maker TuSimple is looking to raise as much as $1.5 billion in its initial public offering of stock.

In a filing with the Securities and Exchange Commission on Wednesday, the San Diego and Shanghai-based company said it would offer 38,851,350 shares at a maximum of $39 a share. Proceeds would be slightly more than $1.5 billion. Shares could sell for as little as $35 each. That would bring in about $1.36 billion, TuSimple said in the filing.

TuSimple expects that after...

https://www.freightwaves.com/news/tusimple-seeks-to-raise-up-to-1-5b-in-ipo-stock-sale

Digital convenience store goPuff raises $1.15B

GoPuff, a Philadelphia-based digital convenience store, announced Tuesday it raised $1.15 billion in a Series G round led by an existing investor, D1 Capital Partners. Other investors include Fidelity Management and Research Co., Baillie Gifford, Reinvent Capital, Luxor Capital and SoftBank Vision Fund 1. The grocery delivery platform has raised a total of $2.4 billion and is now valued at $8.9 billion.

Co-founders and co-CEOs Rafael Ilishayev and Yakir Gola created the platform in 2013 while...

https://s29755.pcdn.co/news/digital-convenience-store-gopuff-raises-1-15b