Tag: Logistics
LA-based Metropolis raises $41 million to upgrade parking infrastructure
Metropolis is a new Los Angeles-based startup that’s looking to compete with BMW-owned ParkMobile for a slice of the automated parking lot management market. Upgrading ParkMobile’s license plate-based service with a computer vision based system that recognizes cars as they enter and leave garages has been Metropolis’ mission since founder…
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On-demand logistics company Lalamove gets $515 million Series E
Lalamove will extend its network to cover more small Chinese cities after raising $515 million in Series E funding, the on-demand logistics company announced on its site. The round was led by Sequoia Capital China, with participation from Hillhouse Capital and Shunwei Capital. All three are returning investors. According to…
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Waresix acquires Trukita to connect more of Indonesia’s fragmented logistics chain
Andree Susanto, CEO and co-founder of Waresix, left, with Ady Bangun, CEO and co-founder of Trukita Waresix, one of Indonesia’s largest logistics startups, has acquired Trukita, a company that focuses on the “first mile.” The term refers to the part of the supply chain where goods are transported from ports…
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E-commerce fulfillment platform Shippit raises $22.2 million led by Tiger Global
Shippit, a Sydney, Australia-based e-commerce logistics platform, will expand in Southeast Asia after closing a $30 million AUD (about $22.2 million USD) Series B led by Tiger Global, with participation from Jason Lenga. Founded in 2014, Shippit’s technology automates tasks related to order fulfillment, including finding the best carrier for…
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Singapore’s government launches blockchain innovation program with $8.9 million in funding
A group of Singaporean government agencies is launching a new research program for blockchain technology with $12 million SGD (about $8.9 million USD) in funding. Called the Singapore Blockchain Innovation Programme (SBIP), the project is a collaboration between Enterprise Singapore, Infocomm Media Development Authority and the National Research Foundation Singapore.…
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Alibaba and Ethiopian Airlines to launch cold chain exporting China’s COVID vaccines
China has pledged that it would be sharing its COVID-19 vaccines with other countries, especially those with which it has close ties. While the country is not ready to deploy its vaccines internationally, it is gearing up the infrastructure for mass distribution. This week, Alibaba announced that it has struck…
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