Found in Robotics News & Content, with a score of 7.65
August 07, 2022
…It raised $614 million through a special-purpose acquisition company (SPAC) merger in June 2022. The company's technical capabilities roadmap specifies 16 requirements for commercial deployment of autonomous trucks in the U.S. Sunbelt (see below). With the emergency vehicle interaction capability demonstration, Embark said it has now achieved 12 of the technical milestones. “We’re actively working on evasive and emergency maneuver testing, a capability we expect to accomplish by the end of 2022,” Warren told Robotics 24/7. “We’re also working with public and private-sector stakeholders on developing innovative processes to handle inspections and roadside visibility requirements for autonomous trucks. Embark's successful…
Found in Robotics News & Content, with a score of 7.37
October 30, 2021
…announced that it will merge with special-purpose acquisition company (SPAC) Reinvent Technology Partners Y and be publicly traded starting Nov. 4. Aurora marks milestones to commercialization Aurora said it is moving quickly toward the commercial launch of Aurora Horizon in late 2023, and the release of Aurora Driver Beta marks an important milestone. It demonstrates Aurora’s autonomous driving capabilities, confirms its driver-as-a-service business model, is the result of years of hard work, and is the foundation for future products, said the company. The beta of Aurora Driver follows the company's “Self-Driving 2.0” approach to investing in the creation of technologies…
Found in Robotics News & Content, with a score of 7.13
August 05, 2022
…Nasdaq Stock Market to celebrate the merger. The company began trading on the exchange after a special-purpose acquisition company (SPAC) merger in September 2021. “We've integrated executives, and now we're integrating engineering teams,” said Mimmack. “Then, we'll be integrating our offerings.”
Found in Robotics News & Content, with a score of 6.84
April 16, 2021
…provides sensors for stationary applications, such as bin picking. Berkshire Grey, which is merging with a special-purpose acquisition company (SPAC), promoted its e-commerce fulfillment, smart store replenishment, and dynamic parcel sortation offerings. Reading, Pa.-based EnerSys offered virtual product demonstrations at ProMat DX of its EnSite modeling software and power management tools.
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 5.64
July 15, 2022
…consumers,” Mitchell replied. “Now that public markets have constricted SPAC [special-purpose acquisition company] activity, that has created anxiety among startups that relied on that interest. The autonomous vehicle space is in [Gartner's] 'trough of disillusionment' right now.” Mitchell said that some startups have mismanaged expectations, similar to Burnstein's point about applications. “Is making salad or pizza the most economical use case?” he asked. “Many of these high-profile redirections reached 'unicorn' status [with $1 billion valuations], but they couldn't meet revenue targets.” “We saw companies getting ahead of themselves and expanding their teams too fast,” he added. “Once certain companies get…
Found in Robotics News & Content, with a score of 5.61
October 03, 2022
…Waltham, Mass.-based company entered into a special-purpose acquisition company (SPAC) merger last year. It completed the Beta 2 system design of its minimally invasive surgical robot this summer. On the consumer side, Tertill Corp. fielded several inquiries about its robot for weeding gardens. The technology can help busy people as they return to offices, noted Rory MacKean, co-founder and chief product officer at the North Billerica, Mass., company. The wedding robot is called Tertill and is sold on the company’s website for $349. “Tertill is a solar-powered weeding robot for vegetable and flower gardens,” MacKean said. “It’s waterproof, so you…
