Remote-controlled delivery carts are now working for the local Los Angeles grocer

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As e-bikes boom, FuroSystems raises its first venture funding round ahead of a new model launch

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Loadsmart raises $90 million to further consolidate its one-stop freight and logistics platform

Leading on-demand digital freight platform Loadsmart has raised a $90 million Series C funding round, led by funds under management by BlackRock and co-led by Chromo Invest. The funding will be used to continue to build out its platform to offer even more end-to-end logistics services to its freight customers, and the company says that […]

Lime touts a 2020 turnaround and 2021 profitability

Micromobility company Lime says it has moved beyond the financial hardship caused by the COVID-19 pandemic, reaching a milestone that seemed unthinkable earlier this year. In short, the company is now largely profitable. Lime said it was both operating cash flow positive and free cash flow positive in the third quarter — a first — […]

A Biden presidency doesn’t need a Green New Deal to make progress on climate change

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Ride Vision raises $7M for its AI-based motorcycle safety system

Ride Vision, an Israeli startup that is building an AI-driven safety system to prevent motorcycle collisions, today announced that it has raised a $7 million Series A round led by crowdsourcing platform OurCrowd. YL Ventures, which typically specializes in cybersecurity startups but also led the company’s $2.5 million seed round in 2018, Mobilion VC and […]

E-scooter startup Tier raises $250 million round led by SoftBank Vision Fund 2

Berlin-based micromobility startup Tier has raised a significant Series C round of $250 million. SoftBank Vision Fund 2 is leading the round, which proves that the Vision Fund team is still focused on high-risk, high-potential bets. As a reminder, SoftBank has invested in many late-stage funding rounds through its Vision Fund team. Portfolio companies include […]

Chinese autonomous vehicle startup Pony.ai hits $5.3 billion valuation

Pony.ai, the Chinese autonomous vehicle startup and relative newcomer to the industry, is now valued at $5.3 billion following a fresh injection of $267 million in funding. The round was led by TIP, an innovation fund within the Ontario Teachers’ Pension Plan Board that focuses on late-stage venture and growth equity investments in companies that […]

Why Florida residents may soon be seeing jet-powered ‘flying taxis’

Florida is renowned for its strange news stories. In recent weeks alone, one resident reported an alligator in her garage that turned out to be a pool floatie; another discovered a python in her washing machine; and a horse needed to be pulled out of a septic tank by firefighters. Still, don’t dismiss Orlando residents […]

Outrider raises $65 million to bring its autonomous tech to distribution yards

Outrider, a startup aiming to bring its autonomous technology to the nerve center of the supply chain, has raised $65 million in funding just eight months after coming out of stealth. The Series B round was led by Koch Disruptive Technologies and brings its total funding raised to $118 million. Other existing investors increased their […]