startup

The Swedish startup Einride has raised $25 million in a Series A round and will use the funds to grow its driverless and cabless truck business.  In an interview with FreightWaves, co-founder and CEO Robert Falck said the company aims to accelerate number of vehicles in its fleet as well as...

Imagine if Uber Technologies Inc (NYSE: UBER) and public transit had a baby.  Meet Via – an international on-demand ride-hailing service that operates as the first and final mile to public transportation. If no public transportation operates in a section of a city, Via acts as the primary shuttle...

German logistics startup sennder had acquired Spanish competitor Innroute, expanding its  European digital freight-forwarding platform after raising more than $100 million in 2019.  The Berlin-based firm announced the acquisition on Linkedin on September 25. Terms were not disclosed. "We are...

Fuel-cell startup Loop Energy is getting a cash infusion from Cummins Inc. (NYSE: CMI), marking the engine maker's second investment in hydrogen fuel-cell technology this month.  Neither Burnaby, British Columbia-based Loop nor Columbus, Indiana-based Cummins would disclose the amount of the...

Good Day, A startup attempting to shake up Canada's freight market plans to offer its newly launched load board for free to speed up adoption. The Canadian Load Board will make the core version of its namesake platform free of charge on September 9, two months after launching. "We hope that the...

German sports car manufacturer Porsche was part of a $19 million Series A round of investment in Israeli startup TriEye. TriEye promises to improve visibility of autonomous vehicles when they are cruising through low visibility conditions like adverse weather or a dark environment.  About 80...

Zendrive, a company that uses mobile sensors to glean insights about driver behavior, has raised $37 million in Series B funding. XL Innovate led the round, announced on August 20, with participation by Hearst Ventures and existing investors, including ACME Capital, BMW iVentures, NYCA, SignalFire...

Nigerian digital freight marketplace startup Kobo360 raised $20 million in a Series A funding round led by Goldman Sachs (NYSE: GS) while pocketing another $10 million in working capital financing from Nigerian commercial banks. Kobo360 is one of the most recognized FreightTech players in Africa,...

The freight industry is comprised of many small- and mid-tier freight forwarders that are perennially trying to increase efficiency within their operations and eventually grow to compete against far larger freight forwarding competitors.  To address inefficiencies within the system, it is critical...

Fetch Robotics, a Silicon Valley startup that's bringing robots and a supporting cloud-based software system to industrial environments, today announced a $46 million Series C round of funding. The round was led by Fort Ross Ventures, with additional participation from CEAS Investments, Redwood...

sennder, a Berlin-based logistics startup, has raised €62.4 million ($70 million) in its Series C round led by Lakestar, with existing investors like venture capital firms Accel, Holtzbrinck Ventures, Project A and Swedish automaker Scania being a part of this raise. Founded in 2015 as a digital...

Rivigo, a freight and logistics startup in India, has raised $65 million in a Series E round led by existing investors Warburg Pincus and SAIF Partners. The startup plans to use the new capital to further expand its network and tech infrastructure. Founded in 2014 by Gazal Kalra and Deepak Garg,...

On the heels of its $3.5 million funding round, geolocation startup Hoopo has announced a new partnership with Polymer Logistics, a provider of "retail returnable" packaging products such as pallets and containers. The purpose of the partnership is to increase product freshness, reduce food waste...

Booster, the same-day fuel delivery service, has announced it raised $56 million Series C funding led by Invus Opportunities, with participation from existing partners Madrona Venture Group, Vulcan Capital, Maveron, Conversion Capital and Perot Jain LP. The four-year old Silicon Valley startup is...

Hours before self-driving start-up Drive.ai was scheduled to close its doors and lay off all of its staff, Apple Inc (NASDAQ: AAPL) swooped in to buy the company. Drive.ai, an autonomous driving shuttle service once valued at $200 million, is believed to have been purchased by Apple for less than...