Fontinalis Partners raises $104M for new wave of mobility technology

The venture firm Fontinalis Partners was founded in 2009 as its leaders saw an opportunity for technological advancements to improve the way that goods and individuals moved.

“We felt strongly that, over the next several years, there was going to be a wave of innovation that would not only affect the automotive sector, but manufacturing, transportation, logistics, retail and other high-consequence industry,” said Chris Stallman, partner of Fontinalis Partners, in an interview with FreightWaves.

“S...

https://www.freightwaves.com/news/fontinalis-partners-raises-104m-for-new-wave-of-mobility-technology

Are SPACs redirecting blank check love to self-driving truck startups?

As the special purpose acquisition companies’ (SPACs) love affair with electric vehicle startups cools, infatuation backed by blank check-writing investors may blossom for self-driving truck startups.

After several months of stock price run-ups in SPAC-sponsored electric vehicle and infrastructure companies, prices have fallen dramatically in recent weeks. In some cases, they are edging close to their original $10-per-share offering price.

One target in the shift from electrification appears to...

https://s29755.pcdn.co/news/are-spacs-redirecting-blank-check-love-to-self-driving-truck-startups?

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