Because autonomous delivery drones are undoubtedly coming, Boeing HorizonX Ventures, the aviation company’s venture arm, led a $16 million round in drone startup Matternet . Other investors include Swiss Post, Sony Innovation Fund and Levitate Capital. With this funding, Matternet’s plan is to further expand throughout the U.S. and internationally in urban environments. “Matternet’s technology […]
View More Autonomous delivery drone startup Matternet raises $16 million round led by Boeing’s venture armCategory: Logistics
Drip Capital helps exporters access working capital
Drip Capital is raising a $20 million funding round from Accel, Wing VC and Sequoia India. The company is helping small exporters in emerging markets access working capital in order to finance big orders. The startup also participated in Y Combinator back in 2015. Many small companies in emerging markets have to turn down orders […]
View More Drip Capital helps exporters access working capitalIndia’s Locus raises $4M to expand its logistics management service worldwide
Locus, a three-year-old startup that helps companies map out their logistics, has pulled in $4 million in funding to grow its global footprint outside of its native India. The round is described as pre-Series B and it was provided by Rocketship.vc, Recruit Strategic Partners, pi Ventures and DSP Group’s Hemendra Kothari. Existing backers Blume Ventures, Exfinity Venture […]
View More India’s Locus raises $4M to expand its logistics management service worldwideAlibaba doubles down on logistics with $1.4B investment in Chinese courier ZTO
Alibaba is doubling down on logistics after it led a $1.38 billion investment in Chinese courier firm ZTO Express alongside Alibaba logistics affiliate Cainiao. ZTO went public on the NYSE in 2016 raising $1.4 billion from what was the year’s largest IPO in the U.S. The Shanghai-based company claims to be one of China’s largest […]
View More Alibaba doubles down on logistics with $1.4B investment in Chinese courier ZTOYour annual Amazon Prime membership fees are about to increase
On today’s wildly successful earnings call, Amazon CFO Brian Olsavsky dropped a bit of a bombshell for Amazon Prime subscribers. The retailer’s everything-and-the-kitchen-sink annual subscription plan is about to get pricier. On May 11, Prime annual memberships will jump $20, from $99 a year to $119. The news follows a similar announcement back in January, […]
View More Your annual Amazon Prime membership fees are about to increaseDeliv now offers same-day delivery for Shopify retailers
Deliv, which partners with retailers like Macy’s, Best Buy and Petsmart to offer same-day delivery, is enabling Shopify retailers to offer scheduled, same-day delivery to customers. This is thanks to a partnership with Zapiet, a store pickup and local delivery plug-in for Shopify. Zapiet helps Shopify retailers manage store inventories and configure the confines of the deliveries. This […]
View More Deliv now offers same-day delivery for Shopify retailersMassterly aims to be the first full-service autonomous marine shipping company
Logistics may not be the most exciting application of autonomous vehicles, but it’s definitely one of the most important. And the marine shipping industry — one of the oldest industries in the world, you can imagine — is ready for it. Or at least two major Norwegian shipping companies are: they’re building an autonomous shipping venture called Massterly from the ground up.
View More Massterly aims to be the first full-service autonomous marine shipping company5 things to know about Uber’s self-driving trucks
Self-driving trucks are moving freight in Arizona using Uber Freight, the company announced Tuesday.
The tool helped transfer a load last month from the Midwest to its final destination in Southern California. For 340 miles of the trip, the truck dro…
Here and Naver Labs ink robotics deal to map indoor spaces
Your trip through the airport or train station may soon become a little more crowded — not with people, but with robots, busily scanning and plotting the space so that one day, even more of their cousins can zip around with your luggage and Shake Shack orders. Here, the mapping company majority-owned by Audi, BMW and Daimler, has entered a robotics partnership with Naver Labs, part of… Read More
Robo-logistics company Magazino raises $25M for its warehouse bots
German robotics firm Magazino, creator of robots meant to work alongside people in warehouses and the like, has raised $24.8 million to continue development and deployment of its TORU and SOTO robots. Read More
View More Robo-logistics company Magazino raises $25M for its warehouse botsCulture juggernaut Hypebeast takes a majority stake in The Berrics to make skating huge again (still)
The Berrics was started by Steve Berra and Eric Koston (the collective’s name is a portmanteau) as a place for kids to skate without getting hassled on the street. Now, The Berrics is being acquired by Hypebeast and they’re forming a new company “The Berrics Company”, with the express mission of making sure the particular spirit that it was founded to foster in… Read More
JD.com’s logistics business raises $2.5B from Hillhouse, Sequoia China and others
JD.com, the Chinese e-commerce giant that is Alibaba’s closest rival, is raising giving its logistics spin-out business a huge boost after it announced that the unit is raising $2.5 billion. JD Logistics, which became a standalone business last April, is raising the investment capital from a range of backers who include Hillhouse Capital, Sequoia China, China Merchants Group, Tencent,… Read More