startup

HaulHub Technologies, a logistics startup serving the construction industry, announced Thursday it has secured $30 million in Series B funding to expand its transportation management platform. Led by funds and accounts advised by T. Rowe Price Associates and Durable Capital Partners LP, the...

Einride, a Swedish-based remote operated autonomous trucking and transportation company, announced today that they will be hiring their first remote drivers in Sweden in March 2020 and in the U.S. in the third quarter of 2020. "We are very glad to hire someone that will be taking the jobs of the...

Orlando-based last-mile orchestration and fulfillment platform OneRail announced on Feb. 26 that it has raised $5.8 million in seed funding. Las Olas Venture Capital led the financing round with participation from Chicago Ventures, Alpine Meridian Ventures, and key stakeholders within the retail...

A San Francisco startup has launched a "virtual" carrier and dedicated back office service for owner-operators and small trucking companies. The venture, CloudTrucks, is backed by $6.1 million from Craft Ventures,  Khosla Ventures, Kindred Ventures and Abstract Ventures. CloudTrucks provides a...

FreightWeb announced the launch of its partial truckload transportation service on Tuesday, backed by $3 million in seed funding from Madrona Venture Group and 8VC. The startup, headquartered in Seattle, is taking a multi-pronged approach to solving a perennial problem in the trucking industry:...

Good day, Hyundai Motor Co and Kia Motors Corporation have invested  $110 million in a partnership with a U.K.-based electric vehicle startup, Arrival, to develop electric commercial vehicles for the European market. Arrival will help Hyundai and Kia meet the growing demand for eco-friendly...

Joby Aviation, a California-based electric air taxi startup, has raised $590 million in Series C financing that includes a $394 million investment from Toyota Motor Corp. (NYSE: TM), which led the funding round.  Other notable investors include prior participants SPARX Group, Intel Capital,...

Autonomous trucking startup Starsky Robotics is in talks with potential buyers, including some with its rivals, after failing to raise new funding to stay afloat, a former employee claims. The 3-year-old startup is best known for its Level 4 autonomous trucking technology that uses truck drivers...

Since the rise of ecommerce, there has been a perennial need for businesses within the logistics sector to optimize their operations to expedite product movement. Technology is seen as a primary driver of those optimization efforts.  However, adopting technology into operations is easier said than...

Nauto, a California-based technology startup that improves driver behavior, has unveiled an artificial intelligence (AI) powered driver behavior learning platform for commercial vehicles, which will integrate with the safety programs set in place by Nauto's fleet customers. Nauto's platform takes a...

India-based logistics startup ElasticRun has raised a Series C investment of $40 million in a round led by Prosus Ventures and saw the participation of existing investors Avataar Ventures and Kalaari Capital. ElasticRun has built a last-mile logistics platform for the Indian market that helps...

Volvo Group Venture Capital is investing in an Israeli automotive cybersecurity startup to help protect its one million "connected assets," which it claims exceeds any competitor. Volvo participated in a $30 million Series B fundraising round for Tel Aviv-based Upstream Security led by Renault...

Freight forwarder Flexport acquired a startup that develops technology for tracking containerized goods. Burlingame, California-based Crux Systems said its technology "informs supply chain planning by driving actionable insights that can reduce dwell times, demurrage fees and hours spent tracking...

Shared mopeds are now competing with electric scooters and bikes to save congested city streets.  Electric moped startup Revel just raised $27.6 million in a Series A round led by Ibex Investors. Other investors included Toyota Al Ventures, Blue Collective, Launch Capital and Maniv Mobility. ...