HICX, a supplier experience management platform designed to give companies visibility into their supply chain, has raised $30 million in a round of funding led by U.S. private equity firm Wavecrest Growth Partners and Canada’s Espresso Capital. The funding constituted a mixture of $22 million equity and $8 million in debt. Founded in 2004, London-based HICX… Continue reading HICX raises $30M to give companies visibility into their supply chain
Author: Tech Crunch Online News
Jeep turns to its heritage for newest and cheapest plug-in hybrid Wrangler
Jeep unveiled Wednesday the latest plug-in hybrid to join its lineup, a vintage-inspired Jeep Wrangler Willys 4xe that is the brand’s most affordable trim to date. The Willys 4xe, which debuted Wednesday at the 2022 Detroit Auto Show, has a base price of $53,995, excluding any tax credits or the $1,595 destination fee. That makes… Continue reading Jeep turns to its heritage for newest and cheapest plug-in hybrid Wrangler
Can the algorithms that ride-hailing and delivery startups use be fair?
In June 2020, taking advantage of a Chicago law requiring ride-hailing apps to disclose their prices, researchers from George Washington University published an analysis of algorithms used by ride-sharing startups like Uber and Lyft to set fares. It spotlighted evidence that the algorithms charged riders living in buildings with older, lower-income and less-educated populations more… Continue reading Can the algorithms that ride-hailing and delivery startups use be fair?
Vote to expand Tesla’s Berlin gigafactory delayed indefinitely
The municipal council of Grünheide in the district of Brandenburg, Germany, has indefinitely delayed the vote on the planned expansion of Tesla’s Berlin gigafactory, according to a report from local broadcaster RBB. Tesla wants to expand its nearly 750-acre factory site by another 250 acres to build a freight depot, among other factory parts. The… Continue reading Vote to expand Tesla’s Berlin gigafactory delayed indefinitely
TruckSmarter comes out of stealth with a free load board for truckers
Technological innovation has caused a rise in e-commerce that is crying out for more truck drivers to deliver our smartphones and Pelotons and pineapples. But the trucking industry, the backbone of all our hedonistic spending, has yet to see the same level of tech advancements needed to create a stable and resilient supply chain. The… Continue reading TruckSmarter comes out of stealth with a free load board for truckers
Biden to announce $900M to build EV charging stations
President Joe Biden will attend the Detroit Auto Show Wednesday and announce the approval of the first $900 million in funding to build electric vehicle charging stations in 35 states as part of the $1 trillion infrastructure bill, the White House said. Around $5 billion has been set aside by Congress to be doled out… Continue reading Biden to announce $900M to build EV charging stations
Honda’s EV motorcycle offensive includes one just for kids
Honda plans to launch at least 10 all-electric motorcycles by 2025, including one for children, as demand for business-use bikes rises worldwide. The world’s largest motorcycle manufacturer said Tuesday that it’s targeting annual sales of 1 million electric motorcycles within the next five years. It announced a number of changes to its motorcycle lineup, including… Continue reading Honda’s EV motorcycle offensive includes one just for kids
Argo AI kicks into high gear to build a business out of AV tech
Argo AI, the autonomous vehicle developer backed by Ford and VW Group, revealed this week an ecosystem of products and services designed to support commercial delivery and robotaxi operations. The products — a list that includes fleet management software, data analytics, high-definition mapping and cloud-based communication tools — stretches far beyond the self-driving system that… Continue reading Argo AI kicks into high gear to build a business out of AV tech
Ex-Googler’s TeraWatt raises $1B to expand commercial EV charging
TeraWatt Infrastructure, a company that builds electric vehicle charging infrastructure for fleets, has secured over $1 billion in a Series A round to build out its portfolio of commercial charging centers. The recent injection of capital follows a $100 million seed round from Keyframe Capital and Cyrus Capital, which both followed on into the current… Continue reading Ex-Googler’s TeraWatt raises $1B to expand commercial EV charging
Xeneta makes a splash with $80M on a $265M valuation to scale its crowdsourced sea and air freight analytics
The wheels of global commerce continue to turn, through wars, pandemics and economic downturns; and today a startup taking a new tech approach to improve the workings of one of the more antiquated aspects of that industry — shipping — is announcing a big round of funding to double down on growth. Xeneta — a… Continue reading Xeneta makes a splash with $80M on a $265M valuation to scale its crowdsourced sea and air freight analytics