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March 26, 2021
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March 26, 2021
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Self-driving trucking company Kodiak Robotics raises $125 million in Series B funding
News Commentary | November 16, 2021
Adding to previous investments made by Bridgestone Americas and BMW i ventures, this funding round included investments from SIP Global Partners, Lightspeed Venture Partners, and others. With this new funding, Kodiak Robotics intends to double both its team and fleet by hiring 85 new employees and ... Not part of subscription
Autonomous trucking startup Embark goes public after completing SPAC deal
News Commentary | November 30, 2021
Embark trucks completed a $5.2 billion merger with special purpose acquisition company (SPAC) Northern Genesis Acquisition to be listed on the Nasdaq Capital Market as of November 2021. Embark intends to use the estimated $614 million capital from this transaction in its commercialization plans to ... Not part of subscription
Daimler Truck makes minority investment in Apex.AI
News Commentary | May 12, 2022
With an investment of an undisclosed amount in Apex.AI, Daimler Truck joins a group that includes Toyota Ventures, Volvo Group Venture Capital, Airbus Ventures, among others. This investment therefore shows the trust of another big player in Apex.AI's capabilities. Apex.AI develops safety‑certified ... Not part of subscription
by Lewie Roberts
This new round brings Momenta's total funding to roughly $700 million, and the company plans to use this influx to expand its international presence. In the coming months, Momenta will open a European office in Stuttgart, placing it in close proximity to Daimler (another of Momenta's strategic investors). While the company is working toward Level 4 autonomy in the future, it focuses on developing ADAS features – like highway automation and valet parking – for its customers in the near term. This puts it in competition with other companies like Mobileye, which is deploying its own set of automated features with Geely later this year.
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