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Xos Is Latest Electric Truck Maker to Debut as Public Company

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Los Angeles-based Xos Inc., which is developing fully electric Classes 5-8 commercial vehicles for last-mile service, announced the completion of its business combination with NextGen Acquisition Corp. The combined company will have the name Xos Inc. and its shares began trading Aug. 20 on the Nasdaq Capital Market under the symbol XOS. NextGen’s shareholders approved …

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Micromobility software provider Joyride raises $3.7 million seed round

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Joyride, a Toronto-based company that provides white label apps, back-end analytics and multi-modal fleet management for shared micromobility startups, has raised $3.7 million — seed money that it says will help it reach a greater number of small, local operators.  The company, which operates in more than 160 markets in every continent besides Antarctica, has …

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Plucky L.A. Startup Xos Plots A Multibillion-Dollar Future In Unsexy Electric Work Trucks

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Xos Trucks, a Los Angeles-based electric truck startup that’s going public in a few weeks, is convinced that shifting delivery trucks, armored cars, forklifts and other heavy work vehicles to battery power isn’t a glamorous business—but it is one that will generate billions of dollars of future revenue and get some of the dirtiest exhaust …

Plucky L.A. Startup Xos Plots A Multibillion-Dollar Future In Unsexy Electric Work Trucks Read More »

Xos announces new ‘Powered by Xos’ powertrain division to serve specialty vehicles

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Electric mobility company Xos, Inc. has announced a new powertrain division called “Powered by Xos” to provide, design, and integrate its own technology for other Original Equipment Manufacturers (OEMs). Contrary to other Xos ventures, Powered by Xos will focus on off-highway vehicles, including commercial and industrial applications such as heavy-duty forklifts. Xos, Inc. is a Los …

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Locomation and PGT Trucking Inc. Agree To Deploy Autonomous Relay Convoy

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Contract puts Locomation’s autonomous vehicle technology to work on PGT Trucking’s freight routes to improve operational efficiency, reduce costs and carbon footprint while also increasing safety PITTSBURGH (PRWEB) JUNE 10, 2021 Locomation, the world’s first technology platform to offer human-guided autonomous truck convoying, today announced a multi-year agreement with PGT Trucking Inc., a leader in flatbed …

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Edenred Benefits and BusUp are teaming up to provide commuters with flexible shuttle services to ease their return to the office

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Thanks to this integration, Edenred Benefits customers are turning to shuttle providers for a safe and comfortable commute as many plan their return to the office. BOSTON, May 26, 2021 /PRNewswire/ — Edenred Benefits, the leading corporate mobility provider in the United States, has partnered with BusUp, a global commuter shuttle management service provider, to help corporate clients …

Edenred Benefits and BusUp are teaming up to provide commuters with flexible shuttle services to ease their return to the office Read More »

Forager launches transparent cross-border load board

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The transportation industry’s growing willingness to embrace technology has empowered carriers to make better decisions about which loads they are willing to move. Dozens of innovative tools aimed at helping carriers find quality domestic loads have entered the market over the past several years. Carriers moving cross-border freight, however, have largely been left out of …

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Xos, a Leading Commercial Electric Vehicle OEM, to Become Publicly Traded on Nasdaq Through Merger with NextGen Acquisition Corporation

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Xos, a leading original equipment manufacturer (OEM) in the $100 billion medium- and heavy-duty last-mile commercial electric vehicle market, is merging with NextGen Acquisition Corp. (Nasdaq: NGAC). The combined company has an implied pro forma market capitalization of $2.0 billion. The transaction includes a $220 million oversubscribed and fully committed common stock PIPE anchored by …

Xos, a Leading Commercial Electric Vehicle OEM, to Become Publicly Traded on Nasdaq Through Merger with NextGen Acquisition Corporation Read More »

This Berlin-based ridesharing platform uses edge computing & AI to help rideshare drivers earn more; raises €2M

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The mobility of goods and people is essential for urban development, and European cities are known for their efficient mobility practices. According to a report, the worldwide market for urban mobility platforms is predicted to reach around $25B (approx €21.1B) by 2035. And, Europe is expected to be the largest market with a value of about $12.4B (approx …

This Berlin-based ridesharing platform uses edge computing & AI to help rideshare drivers earn more; raises €2M Read More »

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