Found in Robotics News & Content, with a score of 13.88
February 18, 2022
…and Akis Tsirigakis, co-CEOs from Cepton's special-purpose acquisition company (SPAC) partner Growth Capital Acquisition Corp., also participated. They were joined by Cepton team members and representatives from strategic partners, investors, and advisors. Cepton said it is focused on mass-market commercialization of high-performance lidar products. It has a center of excellence in Troy, Mich., to provide local support to OEMs and Tier 1 automotive suppliers in the Detroit area. The company also has a presence in Germany, Canada, Japan, India, and China to serve a fast-growing global customer base. The Nova lidar system was recognized as a CES 2022 Innovation Awards…
Found in Robotics News & Content, with a score of 28.96
February 02, 2022
…TuSimple San Diego 1,081 IPO 4/7//2021 Aurora Pittsburgh 1,000 SPAC 7/15/2021 Plus Cupertino, Calif. 920 SPAC, IPO 6/23/2021 WeRide Guangzhou, China 620 Series B, C 6/23/2021 Embark San Francisco 614 SPAC 6/23/2021 Nuro Mountain View, Calif. 600 Series D 11/2/2021 Public rides now available GM and Cruise employees have been testing the autonomous vehicles, which have individual names like Sourdough, Tostada, Poppy, and Disco. While people were excited to be riding in self-driving cars, they quickly became bored—as they should, Vogt noted. “I work on these cars every day, and I’ve seen every inch of progress,” he wrote in a…
Found in Robotics News & Content, with a score of 10.96
February 01, 2022
…with Revolution Acceleration Acquisition Corp., a special-purpose acquisition company (SPAC). It also opened new headquarters and an innovation center in Bedford, Mass. The company said its latest orders reinforce its ongoing commercial momentum. Berkshire Grey listed the following accomplishments from 2021: Increased orders by $84 million, bringing total orders since inception to $200 million Doubled the number of customers year-over-year, including initial orders with new Fortune 100 and global retail brands Ended the year with $105 million of backlog New robots to aid supply chains To support its continued growth, Berkshire Grey recently added to its suite of patented, AI-enabled…
Found in Robotics News & Content, with a score of 29.50
January 31, 2022
…Capital Acquisition Corp. (GCAC) is a special-purpose acquistion company (SPAC) led by Akis Tsirigakis and George Syllantavos, co-CEOs. The New York-based firm will hold the special meeting at 10:00 a.m. Eastern Time on Feb. 9, 2022. Founded in 2016, Cepton said its leadership includes industry veterans with decades of collective experience across a wide range of advanced lidar and imaging technologies. The San Jose, Calif.-based company said it is focused on the mass-market commercialization of high-performance, high-quality lidar systems. Cepton has a business-development facility in Troy, Mich., to provide local support to the numerous OEMs and Tier 1 automotive suppliers…
Found in Robotics News & Content, with a score of 15.94
December 17, 2021
…60%. CleanTech Acquisition Corp. is a special-purpose acquisition company (SPAC) formed in January 2021 that trades on NASDAQ as “CLAQ.” CleanTech Sponsor I LLC and CleanTech Investments LLC, an affiliate of Chardan, are the founders and co-sponsors of CLAQ. Upon closing of the transaction, CLAQ will be renamed Nauticus Robotics Inc., and the combined company is expected to remain listed on NASDAQ under the new ticker symbol “KITT.” “CLAQ was created to find a great business that has a positive impact on the world’s carbon footprint,” noted Eli Spiro, CEO of CLAQ. “We set a high bar for ourselves and…
Found in Robotics News & Content, with a score of 13.10
December 15, 2021
…announced its plan to merge with special-purpose acquisition company (SPAC) Reinvent Technology Partners Y for $1 billion and be publicly traded. It released a beta version of its Aurora Driver autonomy platform in October. San Francisco-based Uber Freight said it is a logistics broker “that connects shippers with one of the world's largest digitally-enabled carrier networks.” It is a unit of Uber Technologies Inc., which has operations in more than 900 metropolitan areas worldwide. Aurora begins operations with safety drivers in Texas “Last week, Aurora-powered trucks with vehicle operators onboard began autonomously hauling drop-and-hook loads between terminals in Dallas and…
Found in Robotics News & Content, with a score of 14.43
December 13, 2021
…apparel, as well as entering new geographic regions. SoftBank SPAC specifics SVF Investment Corp. 3 (SVFC) is a special-purpose acquisition company (SPAC) sponsored by an affiliate of SoftBank Investment Advisers (SBIA). The transaction values Symbotic at a pro forma enterprise value of $4.8 billion, representing 4.8x Symbotic’s calendar year-end forecast for 2023 estimated revenues, and a pro forma equity value of approximately $5.5 billion. “We believe Symbotic has built an exceptional platform on which to scale, building on the company’s strong revenue, balance sheet, and profitability to thrive as Rick and the team continue to reimagine global supply chains,” said…
Found in Robotics News & Content, with a score of 9.09
December 10, 2021
…Northern Genesis Acquisition Corp. II, a special-purpose acquisition company (SPAC), raise $614 million, and be publicly listed on the Nasdaq Stock Market. Reasons for Houston expansion Embark said the Houston area offers three strategic advantages as a trucking hub as it scales up its business. Location: Houston is “uniquely positioned for commercially viable long-haul autonomous freight,” said Embark. The city is at the center of trucking lanes of more than 600 mi. (965.6 km) in length. These are ideal for automation because they cannot be completed in a single day by a human driver due to hours-of-service limitations, it said.…
Found in Robotics News & Content, with a score of 11.90
December 09, 2021
…acted as special counsel to Robotic Research. Despite Plus calling off its planned merger with a special-purpose acquisition company (SPAC) last month, investors are continuing to bet on the future of autonomous freight. Other recent transactions involving autonomous trucks include FJ Dynamics Technology's $70 million Series B, Kodiak Robotics' $125 million Series B, Gatik's $85 million Series B, and DeepRoute.ai's $300 million Series B.
Found in Robotics News & Content, with a score of 6.73
December 04, 2021
…deal with InterPrivate Acquisition Corp., a special-purpose acquisition company (SPAC). Peter Kuepper, vice president of business development at Aeva, replied to the following questions from Robotics 24/7 about lidar and self-driving trucks: How will semi-autonomous and autonomous trucks help with today's snarled supply chains? Kuepper: Three factors have created a tipping point for the acceleration in adoption of autonomous trucking: booming consumer retail shopping, shipping congestion at our ports, and a shortage of truck drivers available to transport goods from ports to stores and homes. Roughly a third of the nation’s imports normally flow through the ports of Los Angeles…
Found in Robotics News & Content, with a score of 18.48
December 02, 2021
…to create opportunities in an estimated $318 billion TAM. SPAC looks to advance sustainable additive manufacturing Upon completion of the transaction with special-purpose acquisition company (SPAC) Atlantic Coastal, which is expected to occur around the end of the first quarter of 2022, the combined company will retain the Essentium name. It expects to be traded on The Nasdaq Stock Market LLC under the new ticker symbol “ADTV.” “We launched Atlantic Coastal with an ESG-centric [environmental, social, and corporate governance] focus and a mandate to partner with a company that will transform the nature of international commerce,” said Shahraab Ahmad, chairman…
Found in Robotics News & Content, with a score of 14.34
November 28, 2021
…completed a $260 million merger with special-purpose acquisition company (SPAC) Rotor Acquisition Corp. and began trading on the Nasdaq in September. Sarcos doubles footprint Sarcos Robotics' new office, laboratory, and production facility occupies more than 60,000 sq. ft. (5,574.1 sq. m). The company said it expects to increase its headcount by 60% to 70% over the course of 2022. The space, which nearly doubles the size of Sarcos' previous headquarters, includes an extensive test lab and demonstration space for customer use-case validation and trials. The company said it expects to start producing the commercial versions of its Guardian XO battery-powered…
