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Scheduled Shipment brings you latest updates in global commerce, supply chain, and logistics.

Top News

The Federal Aviation Administration is developing rules to make drone delivery “routine, scalable, and economically viable.”

Biden administration unveils 16-year power grid plan for electric trucks.

Airlines are cutting flight plans alongside Boeing delivery issues.

Mid-Size Fundings

Neural Propulsion Systems, a seven-year-old Pleasanton, CA startup that offers an accident prevention system for autonomous vehicles, raised a $17.5 million Series B led by Cota Capital and RTX Ventures. More here.

RIOS Intelligent Machines, a six-year-old Menlo Park, CA startup that develops AI-powered robots, raised a $13.0 million Series B led by IAG Capital Partners and Yamaha Motor Corporation with participation from Main Sequence Ventures. More here.

Packfleet, a three-year-old London, U.K. startup operating as a parcel delivery company, raised a $10.1 million Series A led by General Catalyst and Voyager Ventures with participation from Creandum, Entree Capital, and Founder Collective. More here.

Buildnow, a two-year-old Riyadh, Saudi Arabia startup offering BNPL for construction materials, raised a $9.4 million Seed led by Khwarizmi Ventures and Raed Ventures. More here.

BRKZ, a two-year-old Riyadh, Saudi Arabia startup that provides a construction materials marketplace, raised a $8.0 million Series A led by 9900 Capital and BECO Capital with participation from Better Tomorrow Ventures, Class 5 Global, Plus Venture Capital, and Knollwood Investment Advisory. More here.

Big Sur AI, a one-year-old Mountain View, CA startup that provides an AI platform to boost ecommerce conversion, raised a $6.9 million Seed led by Lightspeed Venture Partners with participation from Capital F. More here.

Smaller Fundings

Glimpse, a one-year-old Somerville, MA startup that provides a battery monitoring & optimization platform, raised a $4.0 million Seed led by Ibex Investors and Flybridge Capital Partners. More here. ​

eComID, a one-year-old Stockholm, Sweden startup that offers an eCommerce returns reduction platform, raised a $3.0 million Pre-Seed led by CapitalT with participation from H&M Group Ventures. More here.

Ubirider, a six-year-old Porto, Portugal startup operating as an urban mobility platform, raised a $2.0 million Seed led by Iberis Capital with participation from Grupo Barraquiero, and Cedrus Capital. More here.

Exits

EVOS SmartTools, a 13-year-old Bend, OR startup that provides a logistics platform for shippers, carriers, and brokers, was acquired by BlueGrace Logistics, a 3PL. More here.

CARiD, a 16-year-old Cranbury, NJ startup that operates as an online retailer of car parts, was acquired by Fifth Star, an operator of consumer tech businesses. More here.