Technology-enabled trucking company Aifleet announced Tuesday it has closed on a $16.6 million Series B round led by Tom Williams, general partner at Heron Rock.
The Austin, Texas-based carrier plans to use the funds to fuel its technology research and development, grow its operations and sales teams, and further develop scalable infrastructure, according to a news release.
“As truck utilization has trended downward since 2018, Aifleet has developed technology to mitigate the problem and the...
FreightTech startup Cargado announced Monday it has secured $6.8 million in seed funding that will be used to expand its team and enhance the company’s product.
The seed round was led by Primary Venture Partners with participation from existing investors Ironspring Ventures, Zenda Capital, Wischoff Ventures and Proeza Ventures, along with new investor Ryder Ventures.
Cargado secured $3 million in pre-seed funding in January.
Cargado was founded by CEO Matt Silver and Rylan Hawkins, chief...
https://www.freightwaves.com/news/logistics-tech-startup-cargado-raises-6-8m-in-seed-funding
Houston-based e-commerce platform Cart.com announced it has nabbed $30 million from Trinity Capital to help the firm expand while boosting its balance sheet.
The investment is part of a larger $100 million debt refinancing that included Trinity and Silicon Valley Bank, a division of First Citizens Bank. The capital will strengthen Cart.com’s balance sheet as it continues to scale operations, according to a news release.
“With Trinity’s financing, Cart.com will double down on investments that...
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While venture capital investment in startups has slowed over the last several quarters, funding...
Outrider Inc., which transforms hazard-filled distribution yards into near-touchless automated operations, has raised $73 million in a Series C funding round.
It plans to use the money to complete final capabilities and safety mechanisms. It also plans to grow from its 175 employees by hiring more engineers domestically and in Europe. Golden, Colorado-based Outrider also plans to scale the sales of its software package to customers. They represent more than 20% of 50,000 yard trucks operating in...
https://www.freightwaves.com/news/outrider-raises-73m-to-scale-autonomous-distribution-yard-business
A new name in electric truck charging and infrastructure broke cover this week with $1 billion or more in private equity funding. With prospects for federal money and significant experience in electrification, Voltera might be a name to watch.
New kid in townThere’s a new kid in town that could help build infrastructure for electric trucks. The name is Voltera. Its leaders have experience in electric charging. More important, it has access to funding. Lots of funding.
The exact figure is...
https://www.freightwaves.com/news/truck-tech-infrastructure-infancy-edition
Robotic Research, best known for its leader-follower autonomous military trucks, made it 20 years without raising outside money. Defense contracts and other pay-as-you-go customers put black ink on its balance sheet and cash in the bank.
Now it has more. The private Clarksburg, Maryland, company has completed a $228 million Series A funding round.
Watch now: A plug-and-play approach to autonomous trucking
“We’re unique in the sense that we are probably the only company in autonomy that has always...
Kodiak Robotics plans to double its employment and the size of its autonomous long-haul trucking fleet with $125 million in new capital funding, its first since a $40 million raise in August 2018.
The Mountain View, California-based startup, which arrived in the autonomous trucking space in 2018 — later than most of its competitors — decided against an initial public offering or a merger with a special purpose acquisition company.
“We started thinking about the B round in 2020 but with COVID,...
Self-driving truck technology developer Plus will work with Europe’s IVECO to install autonomous software in trucks in China, Europe and elsewhere.
Because of existing partnerships, startup electric truck maker Nikola Corp. (NASDAQ: NKLA) could eventually find itself involved as an add-on to the understanding between Plus and United Kingdom-based CNH Industrial N.V. (NYSE: CNHI). But not right away. And maybe not at all.
IVECO is Nikola’s joint venture partner. The two use IVECO’s S-WAY...
https://s29755.pcdn.co/news/plus-will-equip-iveco-trucks-with-autonomous-driving-software
Electric mobility startupXos Trucks Inc. raised $20 million to keep up with orders for its modular chassis. The money is helping meet demand for underpinning medium-duty regional and last-mile delivery trucks with its X-Platform.
Investors included Proeza Ventures, a Mexican mobility-focused venture capital firm backed by the holding company of auto supplier Metalsa. BUILD Capital Group also participated.
FreightWaves reported the capital raise in June. But Xos only revealed the amount Tuesday....
https://s29755.pcdn.co/news/xos-trucks-raises-20-million-for-electric-chassis