Freight intelligence platform GenLogs announced Monday it has closed a $14.6 million Series A funding round led by Venrock and HOF Capital to continue building out solutions utilizing the company’s sensor network tracking assets across the United States.
Steel Atlas, AutoTech Ventures, Venture 53, TitletownTech, Plug and Play Ventures and Heartland Ventures also participated in the round. The company has raised $21 million since 2023.
GenLogs’ technology uses roadside sensors and cameras to...
Megawatt charging depots so far are behind-the-fence operations exclusive to the fleets that operate them. Truck-as-a-Service (TaaS) startup WattEV changes that when it opens its first charging-for-all installation at the Port of Long Beach.
“A lot of competitors have been talking about infrastructure, but we actually have equipment in the ground,” Salim Youssefzadeh, WattEV founder and CEO, told FreightWaves ahead of opening its first public changing depot Monday at the Port of Long Beach.
“We...
https://www.freightwaves.com/news/wattev-opens-public-truck-charging-depot-in-long-beach-port
An important rule of trucking is to keep your assets active.
Now with the help of logistics platforms, like Repowr, if you can’t keep them active, there are marketplaces that will do that for you.
Repowr’s strategy of building an equipment network of trucks and trailers is taking off, and investors are beginning to catch wind of it.
On Wednesday, Repowr announced it had closed an $8 million Series A round led by transportation venture capital firm UP.Partners with participation from industry...
https://www.freightwaves.com/news/trailer-pooling-gains-more-interest-in-repowrs-8m-series-a-raise
Container logistics startup Qualle announced Monday it has raised $1.5 million in pre-seed funding led by Filipski Group with participation from supply chain investor Plug and Play Tech Center and Lynett Capital to improve the usage of containers at U.S. and Canadian ports.
Qualle’s focus is on keeping containers loaded with goods. Finding reload opportunities before containers are returned to ports enables drayage carriers to make more revenue and build more container capacity for exporters.
Rel...
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After nine months filled with liquidity issues, executive replacements and fraud charges filed...
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One of the leading disruptors in the emerging warehouse automation industry is on the verge of going...
Procurement and supply chain management platform GoExpedi announced Wednesday it has closed on $33 million in additional funding from new investors Tiger Global, Labyrinth Capital Partners, Cortes Capital (Love’s private equity group), I2BF and FJ Labs to continue growing its technology for heavy industry.
GoExpedi last raised $25 million in September 2020. The company has raised a total of $108 million from past investors, including Top Tier Capital Partners, Crosslink Capital, Bowery Capital,...
Insurtech company LuckyTruck announced Thursday it has raised a $2.4 million seed extension led by Candid Insurance Investors with participation from Markd, Draper University Ventures and SiriusPoint as the company scales its retail insurance platform that reduces time spent shopping insurance. Since its founding in 2019, LuckyTruck has raised a total of $6.5 million.
While founder and president Devin Bostick is new to the trucking industry, he has dedicated the past three years to consuming...
https://www.freightwaves.com/news/luckytruck-raises-24m-for-insurtech-taps-industry-veteran-as-ceo
Digital trucking platform TruckSmarter announced it has closed a $25 million Series B funding round led by Thrive Capital with participation from Bain Capital, FJ Labs, Founders Fund, Andreessen Horowitz and Fin Capital to continue building on its dedicated platform for owner-operator functions.
Since 2021, the company has raised $44 million from many investors in the latest round and other industry angel investors including Ryan Petersen (Flexport), Tony Xu (DoorDash), Eric Glyman (Ramp), and...
https://www.freightwaves.com/news/trucksmarter-raises-25m-to-grow-owner-operator-ecosystem
If you follow the logistics space, you’ve probably heard of fulfillment — the completion of an order from the point of sale to final delivery. You’ve probably even heard of microfulfillment, which takes the process to the next level by using a network of tiny warehouses and back rooms to reduce lead times.
But some companies are thinking even smaller.
1MRobotics, a fledgling technology startup that emerged from stealth on Monday, wants to usher in the era of “nanofulfillment.” Courtesy of a $16.5...
https://www.freightwaves.com/news/nanofulfillment-company-1mrobotics-emerges-from-stealth-with-25m