The world is rapidly moving towards fully autonomous vehicles. Chinese startup AutoX is very close to realizing this dream. Driverless taxis called Robotaxis have started to roam the roads in 5 cities including Shanghai and Shenzhen. AutoX, a 4-year-old startup…
XpressBees works with over 1,000 clients and has a presence in about 2,000 cities. Alibaba-backed logistics and supply chain startup XpressBees has raised USD 110 million in its Series E funding round from private equity firms Investcorp, Norwest Venture Partners,…
Nuro, the autonomous delivery startup founded by two former Google engineers, has raised $500 million, suggesting that investors still have an appetite for long-term pursuits such as robotics and automated vehicle technology. Nuro now has a post-money valuation of $5 billion.…
Zynga announced that it is buying Turkish mobile gaming company Peak in a $1.8 billion deal that ranks as its largest acquisition ever. Zynga will pay about $900 million in cash and about $900 million of Zynga common stock for the company, with…
Every year, a handful of themes drive deal making. This year’s innovations are in the logistics, construction, retail and electric vehicle segments. By Mergermarket’s Technology, Media and Telecommunications staff 1. Logistics embraces digitization The traditionally staid supply chain and logistics industry will speed up its…
Tesla CEO Elon Musk visited the company’s new China factory on Tuesday to announce its forthcoming Model Y would be built there. The company will not just make models for sale in the country there, Musk added, a move it’s also…
DB Digital Ventures, the venture capital arm of German train operator Deutsche Bahn, has announced an investment in Skyports, a U.K.-based drone technology startup that is taking the aerial route to transport people and cargo. DB Digital Ventures is a pan-global…
Series D funding round values the company at $2.75 billion in a competitive field that includes Uber Freight Digital freight broker Convoy raised $400 million in a Series D funding round that values the business at $2.75 billion and backs…
While smartphones, smart homes and even smart wearables are growing ever more advanced, they’re still limited by power. The battery hasn’t advanced in decades. But we’re on the verge of a power revolution. Big technology and car companies are all…
Nigerian freight logistics startup Kobo360 has raised a $20 million Series A round led by Goldman Sachs and $10 million in working capital financing from Nigerian commercial banks. The company — with an Uber -like app that connects truckers and companies to delivery services — will…