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Volvo Group Venture Capital, a subsidiary of Volvo Group, has announced an investment in Momentum Dynamics, a compay that is developing high power wireless charging technology for electric vehicles.
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SmartHop, a startup company that aims to automate the route planning and dispatching process for truckers, has received an investment from Las Olas Venture Capital.
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Wabco Holdings has announced a $10 million strategic investment in Nikola Motor Company, manufacturer of the upcoming Nikola One and Nikola Two hydrogen-electric Class 8 trucks.
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Meritor announced a strategic investment in TransPower, an electrification technology for large commercial vehicles, to help speed the development of its electric vehicle platforms.
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Warren Buffet’s holding company Berkshire Hathaway has made a significant minority investment in truckstop chain Pilot Flying J, with plans to become the majority stakeholder by 2023, the companies announced.
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Tenstreet, a web-based provider of driver recruiting software and workflow solutions, has received what it calls a significant investment from Spectrum Equity, a growth equity firm.
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Multi-modal freight tracking provider MacroPoint has received a $44 million investment from Susquehanna Growth Equity to accelerate investment in product and network expansion in the U.S. and internationally.
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Money is lending credibility to a new crop of Uber-like trucking startups, with two large investment firms recently spending millions of dollars to fund the startups Transfix and CargoX.
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Pressure Systems International, an automatic tire inflation systems provider, has invested in a new aerodynamic technology and entered into an exclusive distribution agreement with Plasma Stream Technologies.
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Daimler Trucks North America is investing $22.7 million in Freightliner Custom Chassis Corp. to expand facilities and improve operations in South Carolina.
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