Airbound, an Indian startup building autonomous drones, has raised $37 million in fresh capital as it pushes to make moving goods through the air as cheap as trucking them by road. The Series A round, led by Greenoaks with participation from DoorDash, Lachy Groom, Lightspeed, and Humba Ventures, comes less than a year after Airbound
Trade talks between the US and Canada collapsed Friday in part amid a last-minute standoff over cutting US tariffs on Canadian medium- and heavy-duty vehicles, people familiar with the matter said. Both countries had the outline of a deal, which would have lowered US sectoral tariffs on autos, steel, aluminum and lumber, and were locked
Aurora Innovation and Kodiak AI, two companies developing self-driving trucks, have received permits from the California Department of Motor Vehicles to test their autonomous vehicle technology on public roads. And Kodiak has already started. Kodiak said it is starting with a handful of test trucks in California, primarily around its Mountain View office. Both companies
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Swedish electric and autonomous truck company Einride has agreed to acquire electric vehicle charging startup Flipturn in an all-stock deal worth $38 million. The acquisition, Einride’s first as a publicly traded company, will expand its electric vehicle charging ecosystem as it works to scale its electric truck business. The deal is expected to close this