Advanced Transportation Market Update – May 2019
Greentech Capital Advisors’ Advanced Transportation Monthly Market Update summarizes key announcements, M&A, and capital raising activity related to advanced transportation, while providing detailed trading metrics on public companies across the sector.
- Deliveroo and DoorDash, competitors in the last-mile food delivery space, raised $575mm and $600mm, respectively, highlighting the large amount of capital being deployed in this lucrative part of the logistics industry
- FCA delivered a non-binding letter to Renault’s board that proposed combining their businesses in a merger of equals, showcasing the ongoing consolidation between legacy OEMs as they try to distribute the costs of developing solutions for an electric and autonomous future
- Enride, a developer of autonomous trucks without driver cabins, launched a pilot on public roads in Sweden and Waymo announced they will restart pilots of autonomous Class 8 trucks, adding to autonomous trucking’s existing momentum