EV Startups Confronting Setbacks
Truck manufacturer Nikola Corp. and delivery-van maker Arrival added to a series of misfortunes for electric vehicle startups struggling to make it to mass production.
July 5, 2023Chinese EV Startup Monitors Drivers’ Vital Signs
A new Chinese electric vehicle startup, BeyonCa, is touting its ability to monitor drivers’ health for serious incidents like a heart attack to help stand out in an increasingly crowded market.
November 4, 2022Austin Startup Bets on AI Reshaping the Trucking Industry
Austin-based trucking startup AI Fleet is betting that using artificial intelligence technology and focusing on drivers could help transform the trucking industry.
December 9, 2021Chinese Trucking Startup Files Confidentially for US IPO
China’s Uber-like startup Full Truck Alliance confidentially has filed for an initial public offering that could raise at least $1 billion as soon as this year, according to people familiar with the matter.
February 26, 2021With New Funding, Startup PlusAI Set to Unveil Level 2 Driverless Vehicles
Sequoia Capital-backed PlusAI Inc. is close to raising about $200 million in new funds at a valuation of more than $1 billion to bankroll its development in autonomous trucks, according to people familiar with the matter.
August 21, 2019Logistics Solutions Provider Pickup Closes $5 Million Funding Round
Pickup, an on-demand last-mile logistics solutions provider, has closed a $5 million funding round, according to a Nov. 13 press release. Funds from the round, led by TDF Ventures and Noro-Moseley Partners, will be used for market expansion, growing the product platform and adding staff in key areas.
November 27, 2018Fleet, 22-Year-Old’s Logistics Startup, Raises Another $10 Million
At 14, an age when other kids want video games and gadgets, Max Lock wanted a job.
January 25, 2018Chinese Autonomous Truck Startup Opens Research Facility in Arizona
A Chinese startup company developing self-driving technology for commercial trucking has opened a facility in Tucson for research and testing — including a planned Tucson-Phoenix run with an autonomous truck.
August 22, 2017Bill Gates Backs Uber Freight Rival Convoy
As Bill Gates and Jeff Bezos jockey for the designation of world’s wealthiest man, the Seattle billionaires are united behind at least one local venture. They’re both investors in Convoy Inc., a trucking logistics startup that competes with Uber Technologies Inc.
July 25, 2017Trucking Startup Convoy Inks Its Biggest Deal With Unilever
Convoy Inc., a Seattle-based startup with designs on becoming an Uber for trucking, has struck its biggest deal yet — with consumer goods giant Unilever NV.
November 1, 2016