UgoWork obtains $2m in funding

3rd May 2022 UgoWork, a Canadian manufacturer of lithium-ion battery solutions for industrial vehicles, has received $2m in loan financing from Investissement QuĂ©bec as part of the CompĂ©tivert initiative. This financing comes on the heels of several key commercial achievements and the adoption of its solution by major US clients. This support from Investissement QuĂ©bec… Continue reading UgoWork obtains $2m in funding

Convoy heralds $260 million capital funding raise, bringing total value to $3.8 billion

Seattle-based digital freight network Convoy said today it has raised $260 million worth of new funding, which will be geared towards accelerating the development of what it called its “efficiency-focused technologies in response to surging customer demand within the $800 billion trucking industry.” The new funding includes: a $160 million Series E preferred equity round… Continue reading Convoy heralds $260 million capital funding raise, bringing total value to $3.8 billion

Tive raises $54m of funding

Tive, a technology leader in the new era of supply chain and logistics visibility, has closed $54m of Series B funding led by AXA Venture Partners, with participation from Sorenson Capital, Qualcomm Ventures, Fifth Wall, SJF Ventures and Floating Point Ventures as well as the existing investors RRE Ventures, Two Sigma Ventures, NextView Ventures, Hyperplane… Continue reading Tive raises $54m of funding

Flowlity secures funding to aid European expansion

Flowlity, an innovative AI-based supply chain planning and forecasting solution, has secured over ÂŁ4m in funding, led by Fortino Capital, to expand throughout Europe. The funding will be used to accelerate its development with the aim to becoming an industry leader by providing innovate ways of reducing waste across the entire supply chain – enabling… Continue reading Flowlity secures funding to aid European expansion

RightHand Robotics secures $66m funding

RightHand Robotics, a leader in data-driven, autonomous robotic picking solutions for order fulfillment, has secured $66m in a Series C financing led by top growth investors: Safar Partners, a technology venture fund; Thomas H. Lee Partners L.P. (THL), a leading investor in automation and supply chain; and SoftBank Vision Fund 2, which is part of… Continue reading RightHand Robotics secures $66m funding

Federal government joins WA government in funding Outback Way

The federal government has joined the Western Australian government in funding the remainder of the Outback Way project, which will cost $678 million and provide a new freight route. It will enable Western Australia to connect its supply chains with those of the Eastern States. This will create thousands of local jobs and provide a… Continue reading Federal government joins WA government in funding Outback Way