When most fleets think about the electric grid, it’s about how much power they can get and when. Seed-stage startup Synop has another idea – making money by helping return unneeded power to utilities.
When Gagan Dhillon worked for Volvo Trucks North America, he saw an opportunity to create a TMS for electric trucks. No one was interested. Then he and longtime friend Andrew...
https://www.freightwaves.com/news/building-an-electrification-business-in-reverse
The same driverless technology that Kodiak Robotics plans to put on highways in late 2024 has application to the military, which sees leveraging commercially developed innovation as smarter than creating everything itself.
Following Kodiak’s reveal of its Ford F-150-based prototype autonomous vehicle for the U.S. Army on Monday, Kodiak founder and CEO Don Burnette and I discussed dual-use technology, the recent comings and goings in the autonomous trucking space and a thawing of investor...
https://www.freightwaves.com/news/are-startup-investors-getting-past-the-fomu-cycle
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As third-quarter earnings roll in, it is a good time to check the state of electrification startups....
https://www.freightwaves.com/news/whatever-became-of-those-splashy-electrification-startups
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As transportation and electrification startups struggle to raise capital, they are increasingly...
https://www.freightwaves.com/news/cash-poor-transportation-startups-gambling-for-fresh-capital
US-based ammonia power solutions company Amogy Inc. today announced its $139 million Series B-1 fundraising. The […]
The post Amogy nets $139 million in funding at it eyes commercialization of its ammonia-to-power technology appeared first on Offshore Energy.
Xeneta announced Tuesday it has raised $80 million to accelerate development of its freight rate benchmarking and intelligence platform.
The raise was led by Apax Digital with participation from Lugard Road Capital. Since 2013, Oslo, Norway-based Xeneta has raised over $135 million and says it’s now valued at $265 million.
Co-founder and CEO Patrik Berglund told FreightWaves last year that in order to bring transparency to ocean freight rating systems, Xenata partnered with buyers rather than...
https://www.freightwaves.com/news/xeneta-raises-80m-to-help-shippers-rethink-freight-procurement
Five-year-old startup Outrider is ready to scale its autonomous approach to logistics hubs, aiming to eliminate freight inefficiency.
The Golden, Colorado-based company is releasing a next-generation autonomy kit for yard automation. Over-the-air software updates and the ability to to swap autonomous yard tractors also include remote technical support.
“Distribution yards are harsh industrial environments with around-the-clock operations, Andrew Smith, Outrider founder and CEO, said in a press...
https://www.freightwaves.com/news/outrider-ready-to-scale-distribution-yard-autonomy
Cloud fulfillment platform Logiwa announced Wednesday it has raised $16.4 million in Series B funding led by NewRoad Capital Partners with participation from existing investors — including Valor Siren Ventures, Runway Venture Partners, Spider Capital and Launch Capital — to continue building out its technology solution powering the shipping operations for direct-to-consumer (D2C) businesses.
The fulfillment company has raised $28.9 million since international e-commerce software expert Erhan...
https://www.freightwaves.com/news/logiwa-raises-164m-to-bring-new-tech-into-e-commerce-market
Nikola Corp. shareholders voted with their feet in at least temporarily turning aside the electric truck manufacturer’s proposal to increase its authorized shares. If the measure ultimately fails, the startup’s ability to borrow in the future could be hampered.
A shortfall in shareholder proxy votes for the proposal led Nikola to suspend its annual meeting until June 30.
Nikola asked its owners to authorize an increase in authorized shares from 600 million to 800 million. The shares would not be...
https://www.freightwaves.com/news/nikola-investors-balk-at-raising-share-count