Portfolio News

ARRIVE LOGISTICS ACQUIRES CROSS-BORDER BUSINESS FROM FORAGER

PV News / By

Acquisition Enables Arrive to Offer Cross-Border Platform and Services in Canada and Mexico. AUSTIN, Texas, February 1, 2022 — Arrive Logistics, a multimodal transportation and technology company, announced today that it has acquired Forager Group’s cross-border business and proprietary platform. The acquisition enables Arrive to strengthen its cross-border services and technology offerings in Canada and Mexico, further …

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DriveU.auto to power remote piloting of EasyMile’s autonomous shuttles, Coco’s sidewalk robots

Mobility News, PV News / By

Autonomous shuttle company EasyMile and sidewalk robot delivery startup Coco are integrating DriveU.auto’s teleoperation and connectivity platform into their operations, DriveU.auto, an Israeli startup that came out of stealth last year, they announced at CES. The autonomous vehicle industry is still a ways off from being able to commercialize full self-driving technology, despite the promises certain …

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

PV News / By

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

PV News / By

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 »

Rush to Install, Maintain Locomation’s Autonomous Convoy Tech

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Rush Enterprises will become the primary installation and maintenance provider for Locomation’s trucking technology platform that offers human-guided autonomous truck convoying or platooning, Locomation announced Feb. 10. Central to the Locomation technology suite is the Autonomous Relay Convoy platform, which allows one driver to pilot a lead truck equipped with technology augmentation while a follower …

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