Scheduled Shipment #33

WeRide seeks $5bn IPO, trucking overcapacity persists, Waymo winter testing robotaxis

Happy Friday.

Scheduled Shipment brings you the latest updates in supply chain and industrial tech.

Building in Supply Chain / Industrial Tech? Fundraising? Hiring? Get in touch!

Top News

WeRide, the Chinese autonomous vehicle company, seeks US IPO at $5 billion valuation.

Report finds trucking overcapacity persists, with new carrier registrations above pre-2020 levels.

Waymo is winter testing robotaxis in Truckee, Upstate New York, and Michigan.

Massive Fundings

Lucid, a 17-year-old Newark, CA startup that manufactures electric vehicles, raised a $750.0 million financing led by Ayar Third Investment Company. More here.

Seeq, a 12-year-old Seattle, WA startup providing a data analytics platform for industrial customers, raised a $50.0 million Series D led by Sixth Street Growth with participation from Insight Partners, Altira Group, Second Avenue Partners, and Saudi Aramco Energy Ventures. More here.

3V Infrastructure, a 16-year-old Tottenham, Canada startup that provides EV charging infrastructure for housing & hotels, raised a $40.0 million financing led by Greenbacker Capital Management. More here.


Mid-Size Fundings

BinSentry, a 7-year-old Kitchener, Canada startup that provides an animal feed supply chain management platform, raised a $15.0 million Series B led by Spring Mountain Capital. More here.

Datch, an 8-year-old San Francisco, CA startup providing AI-powered voice assistants for industrial customers, raised a $10.0 million Series A led by Blackhorn Ventures. More here.

Kognic, a 6-year-old Gothenburg, Sweden startup providing a sensor data annotation platform, raised a $9.7 million financing led by Stena Investment with participation from Metaplanet and Neudi Kapital. More here.

Smaller Fundings

Up&Charge, a 3-year-old Paris, France startup providing electric vehicle charging solutions, raised a $1.6 million Seed from Paris Business Angels, BNP Paribas, Banque Populaire Rives de Paris, and Bpifrance. More here.

Exits

Autofleet, a 7-year-old Tel Aviv, Israel startup providing fleet optimization software, was acquired by Element Fleet Management, a large public fleet management company, for $110.0 million. More here.

Good Eggs, a 13-year-old Oakland, CA startup that provides a fresh food delivery platform, was acquired by GrubMarket, a produce and grocery logistics company, for an estimated $25.0 million. More here.

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