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.
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.
Ford Motor Co. has established a new self-driving-vehicle business unit, and will invest $4 billion through 2023 to better organize and accelerate its efforts to commercialize autonomous vehicles, Ford has announced.
Denso has invested $190 million in its Athens, Tennessee, facility to expand the supplier’s operations in North America.
Chinese auto manufacturer Geely Holding has purchased a $9 billion stake in Daimler AG, making it the largest investor in the German automaker, according to a report in Bloomberg.
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.
Meritor announced a strategic investment in TransPower, an electrification technology for large commercial vehicles, to help speed the development of its electric vehicle platforms.
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.
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.
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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