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…
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…
Porto-based HUUB allows online fashion shops to focus on fashion, not shipping. Its platform integrates with ecommerce sites, providing a full range of logistics solutions including production follow-up, picking, storage, stock management, order fulfillment, packing, and shipping. HUUB’s algorithms also analyse sales to determine…
As more consumers shop online, retailers need capacity to ship products across the country — particularly as they battle e-commerce kingpin Amazon. Flexe, a Seattle logistics startup that operates an on-demand warehouse marketplace, is helping them do that. The company…
OpenZeka’s Mini Autonomous Racing Car (MARC) Competition will beginning on Saturday at Cyberpark (Ankara) Mini Autonomous Vehicle Competition will be held in Ankara, Bilkent Cyberpark on 13 April, 2019. Attended teams went through an intensive training process in deep-learning algorithms…
Delhivery’s valuation from the last round of funding has now almost trebled to $1.6 billion from around $634 million. Logistics startup Delhivery has been charting a unique course for itself leaving others in the sector far behind. Even otherwise, in…
His startup operates its own 747 aircraft and employs 1,066 people across 11 offices and four warehouses. He’s tackling a market he calls “as ancient as mankind.” So when Flexport CEO Ryan Petersen decided to raise venture capital to pour more rocket fuel on…
Pune-based ecommerce logistics provider Xpressbees has raised INR 35 Cr ($4.9 Mn) from Mumbai-based venture debt and speciality lending company InnoVen Capital. It is not yet known if other investors participated in the round. Xpressbees was founded in 2015 by…
Softbank has decided to invest in yet another newer technology frontier,as it leads a fresh $940 Million round into Nuro. The autonomous delivery bot project is engineered by Dave Fergusen and Jiajun Zhu. The bot is designed to deliver groceries…