startup

The top two executives at Lordstown Motors Corp. (NASDAQ: RIDE) are out following an internal investigation that found some truth to short-seller Hindenburg Research's allegations of phony preorders for the company's planned commercial electric pickup trucks. The departures of founder CEO Steve...

Trucks Venture Capital announced it has launched two funds to make transportation safer, cleaner and more inclusive. Trucks Venture Fund 2 (TVF2), its new core fund, recently closed on $52,525,252, an amount based on an infatuation with repeating numbers. The fund is backed by seven large global...

Turntide Technologies announced Tuesday the launch of Turntide Transport — a division focused on developing electric "smart motors" for commercial vehicles. As part of the launch of Turntide Transport, the company has acquired two U.K. businesses — Hyperdrive Innovation and BorgWarner Gateshead...

Shippo, an e-commerce shipping platform, has announced it has raised $50 million in new funding led by Bessemer Venture Partners. The company has raised a total of $154.3 million since 2014.  This round has pushed Shippo to unicorn status, now valued at $1 billion.  The company's previous...

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Decentralized service protocol Automata Network has announced the conclusion of its latest funding round, having raised $2.4 million from...

When Amazon bought Whole Foods and introduced Amazon Fresh, a doorfront delivery service for a customer’s grocery needs, a sigh of relief fell collectively. The ever infamous ‘grocery shopping’ seems to take a great deal of time and planning for everyone, and the ability to simply...

From PayPal to Gr4vy, John Lunn, a leading executive with Paypal (NASDAQ: PYPL) during his time leading the company's Developer and Start-up Relations division, has come back to the payments business with a new firm, Gr4vy. After that stint in 2015-16, Lunn became a partner in PayPay Ventures...

In March, residents in Oranmore, Galway, Ireland, started buying the latest Samsung devices, including the Galaxy S21 Ultra phone. For some, the enthusiasm of a new phone was only part of the joy; the delivery of that phone added a new layer of excitement to the purchase. The devices were...

What a difference a a few days makes. Earlier this week, Overhaul, with offices in Texas and Ireland, announced a $17.5 million growth investment to expand its supply chain visibility tech solution.   "Had we been, say, a couple of weeks later, it may have caused a problem," Barry Conlon, Overhaul...

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...