Category Archives: Transport

17May/22

Optibus becomes the first public transportation unicorn with Series D closing

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Optibus, the end-to-end software platform for public transportation planning and operations, announced today that it has closed $100 million in Series D funding, with investments from new and existing investors Insight Partners, Bessemer Venture Partners, Verizon Ventures, Pitango First & Pitango Growth, Tencent, SOMV Momentum, and others. This latest round of financing brings Optibus’ total funding to $260 million and its valuation to $1.3 billion, making Optibus the first unicorn dedicated to the public transportation sector. Continue reading

23Apr/22

Sendle’s “The Grizzly Truth” Earth Day Installation Underscores Environmental Cost of Online Shopping

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Sendle, a Certified B Corp and the 100% carbon neutral shipping carrier for small businesses, today unveiled a 10-foot installation of a grizzly bear by Canadian artist, Laurence Vallières, at Lake Union Park to mark Earth Day. The sculpture is constructed of recycled cardboard boxes and highlights the environmental impact of the 165 billion packages shipped in the US each year. Continue reading

15Apr/22

North America: The time for electric motorcycles has arrived

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Electric powered vehicles are currently a big point of interest. Electric cars are on the verge of replacing Internal Combustion Engine (ICE) vehicle and currently, there isn’t a single car manufacturer that hasn’t made a vehicle with at least one electric motor. With the advancement of technology, another category of electric transportation has started to evolve – the electric cycles. Read more

05Mar/22

Boeing and Ethiopian Airlines Sign Memorandum of Understanding for New 777-8 Freighter

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Boeing (NYSE: BA) and its longstanding customer Ethiopian Airlines today announced the signing of a Memorandum of Understanding (MoU) with the intent to purchase five 777-8 Freighters, the industry’s newest, most capable and most fuel-efficient twin-engine freighter. Continue reading

04Mar/22

Volvo Cars selects Momentum Dynamics for Wireless Charging Pilot Program in Gothenburg, Sweden

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Momentum Dynamics has been selected by Volvo Cars as its exclusive wireless charging partner as part of a ‘live city environment’ three-year pilot program of EV wireless charging. While Momentum’s technology has been in full commercial use for more than four years on various types of electric vehicles, this program, which is part of the Gothenburg Green City Zone, will allow a small fleet of fully electric Volvo XC40 Recharge cars to be used as taxis. The taxis will be driven for more than 12 hours a day and 100,000 km per year, marking the first-ever durability demonstration of fully electric Volvo cars in a commercial use scenario. Continue reading

22Jan/22

Unprecedented Demand Sees Hennessey Start Production Early for VelociRaptor 400 Bronco

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Hennessey, the Texas-based hypercar manufacturer and high-performance vehicle creator, has brought forward production of its new VelociRaptor 400 Bronco to satisfy high customer demand. The new model is available in an eye-catching new livery with output upgraded to 411 bhp @ 4,400 rpm and 603 lb-ft torque @ 3,200 rpm. Continue reading

20Jan/22

In Historic First, Misclassified Truck Drivers File for Union Election in Los Angeles, San Diego

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Port and rail truck drivers working for XPO Logistics across Southern California filed for an election to form a union Wednesday, setting up the first-ever National Labor Relations Board (NLRB) election involving misclassified port and rail truck drivers. Continue reading