SPACs
Startups struggling to make financial ends meet
One is a startup. The other is better described as an early-stage growth company. Choosing lidar maker Ouster Inc. and bus, battery and electric infrastructure provider Proterra Inc. for Securities and Exchange Commission filings scrutiny may be selective. But they represent the ongoing financial difficulties affecting companies trying to advance transportation technology.
Some have already left the stage: XL Fleet was purchased by the Shyft Group. Electric Last Mile Solutions went bankrupt amid...
https://www.freightwaves.com/news/startups-struggling-to-make-financial-ends-meet
Has the lidar shakeout produced a winning combination?
googletag.cmd.push(function() { var gptSlot = googletag.defineSlot(‘/21776187881/FW-Responsive-Main_Content-Slot1’, [[728, 90], [468, 60], [300, 100], [320, 50]], ‘div-gpt-ad-b1-i-fw-ad-3’).defineSizeMapping(gptSizeMaps.banner1).setCollapseEmptyDiv(true).addService(googletag.pubads());
gptAdSlots.push(gptSlot);
});
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-b1-i-fw-ad-3’); });
Setting aside a legal battle over patent infringement, lidar makers Ouster and Velodyne Lidar are...
https://www.freightwaves.com/news/has-the-lidar-shakeout-produced-a-winning-combination
Last-mile startup Arrival cuts 800 jobs as it seeks survival
googletag.cmd.push(function() { var gptSlot = googletag.defineSlot(‘/21776187881/FW-Responsive-Main_Content-Slot1’, [[728, 90], [468, 60], [300, 100], [320, 50]], ‘div-gpt-ad-b1-i-fw-ad-4’).defineSizeMapping(gptSizeMaps.banner1).setCollapseEmptyDiv(true).addService(googletag.pubads());
gptAdSlots.push(gptSlot);
});
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-b1-i-fw-ad-4’); });
Microplant developer Arrival cut 800 jobs — half of its workforce — and named a new CEO Monday. The...
https://www.freightwaves.com/news/last-mile-startup-arrival-cuts-800-jobs-as-it-seeks-survival
Freightos debuta en bolsa en el Nasdaq mientras el mercado de SPAC se hunde
(Actualizado el 26 de enero de 2022, 11:15 a.m. ET)
Freightos, un mercado digital de carga que conecta instantáneamente a los transportadores marítimos, aéreos y de camiones con los cargadores, cotizó públicamente en la bolsa Nasdaq el jueves por la mañana después de combinarse con una compañía de cheques en blanco para recaudar $ 80 millones, tomando una ruta menos transitada desde que el mercado SPAC cayó en desgracia.
Incluso durante el auge de la pandemia, pocas ofertas públicas iniciales...
Swimming against SPAC tide, Freightos goes public on Nasdaq
googletag.cmd.push(function() { var gptSlot = googletag.defineSlot(‘/21776187881/FW-Responsive-Main_Content-Slot1’, [[728, 90], [468, 60], [300, 100], [320, 50]], ‘div-gpt-ad-b1-i-fw-ad-1’).defineSizeMapping(gptSizeMaps.banner1).setCollapseEmptyDiv(true).addService(googletag.pubads());
gptAdSlots.push(gptSlot);
});
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-b1-i-fw-ad-1’); });
Freightos, a digital freight marketplace that instantly connects ocean, air and truck carriers with...
https://www.freightwaves.com/news/swimming-against-spac-tide-freightos-goes-public-on-nasdaq
How soon will we see an autonomous trucking shakeout?
It is pretty much acknowledged across the trucking industry that a consolidation of players in autonomous trucking is coming. Money is tight. Borrowing is expensive. Share prices and corresponding book values are in the dumper.
The coming shakeoutNo single factor proves a shakeout among autonomous trucking players is coming. But an accumulation of evidence suggests that not all of today’s entrants will survive as independents.
PitchBook writes of mobility tech in its 2023 Industry and Technology...
https://www.freightwaves.com/news/how-soon-will-we-see-an-autonomous-trucking-shakeout
Kodiak Robotics gets $49.9M Army contract for off-road autonomy
googletag.cmd.push(function() { var gptSlot = googletag.defineSlot(‘/21776187881/FW-Responsive-Main_Content-Slot1’, [[728, 90], [468, 60], [300, 100], [320, 50]], ‘div-gpt-ad-b1-i-fw-ad-1’).defineSizeMapping(gptSizeMaps.banner1).setCollapseEmptyDiv(true).addService(googletag.pubads());
gptAdSlots.push(gptSlot);
});
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-b1-i-fw-ad-1’); });
Autonomous truck software developer Kodiak Robotics beat out 31 competitors to win a two-year $49.9...
https://www.freightwaves.com/news/kodiak-robotics-gets-499m-army-contract-for-off-road-autonomy
Fuel cell truck maker Hyzon Motors increases risk of Nasdaq delisting
Hydrogen fuel cell truck maker Hyzon Motors, subject of a Securities and Exchange Commission investigation, missed filing its third-quarter financial report, putting its stock at greater risk of being delisted from the Nasdaq.
It is the second consecutive quarter that the spinoff of Singapore-based Horizon Fuel Cell Technologies missed the exchange’s deadline for filing its quarterly report. This time, Nasdaq issued three deadlines Hyzon must meet to continue trading.
Nasdaq issues 3 deadlines...Founder shares the back story of what happened at Romeo Power
Michael Patterson is a serial entrepreneur who has an inscribed baseball bat for every company he starts, grows and sells. His latest move: taking over 76-year-old Crane Carrier Co. to introduce battery-electric refuse trucks under the name Battle Motors. He has a bat for it too.
Serial entrepreneur flips the scriptMichael Patterson has little to prove in the world of entrepreneurship. He has started and sold four companies. For each, the 54-year-old Patterson has an inscribed baseball bat...
https://www.freightwaves.com/news/serial-entrepreneur-tells-back-story-of-spac-sponsored-romeo-power