Battery Resourcers raises $20M to commercialize its recycling-plus-manufacturing operations

Battery Resourcers raises $20M to commercialize its recycling-plus-manufacturing operations

As a higher share of the transportation market ends up being electrified, companies have actually begun to grapple with how to deal with the thousands of tons of used electrical automobile batteries that are expected to come off the roadways by the end of the years. Battery Resourcers proposes an apparently simple solution: recycle them. However the company [ …] It’s crafted a “closed loop” process to turn that recycled product into nickel-manganese-cobalt cathodes to sell back to battery producers. Battery Resourcers’ company model has attracted another round of financier attention, this time with a $20 million Series B equity round led by Orbia Ventures, with injections from At One Ventures, TDK Ventures, TRUMPF Endeavor, Doral Energy-Tech Ventures and InMotion Ventures. Another significant piece of its proprietary recycling procedure is the ability to take in both old and brand-new EV batteries, procedure them and formulate the most recent kind of cathodes utilized in today’s batteries. Battery Resourcers is currently receiving queries from automakers and consumer electronic devices companies, O’Kronley said, though he did not provide additional details.

Mexican unicorn Kavak raises a $485M Series D at a $4B appraisal.

Mexican unicorn Kavak raises a $485M Series D at a $4B appraisal.

Kavak, the Mexican startup that’s disrupted the secondhand cars and truck market in Mexico and Argentina, today revealed its Series D of $485 million, which now values the company at $4 billion. This round more than triples their previous valuation of $1.15 billion, which developed them as a unicorn simply a couple of months back in October […] Mexican unicorn Kavak raises a $485M Series D at a $4B appraisal. The round was led by D1 Capital Partners, Founders Fund, Ribbit, and BOND, and brings Kavak’s overall capital raised to date to more than $900 million. Kavak just recently soft-launched in Brazil, and this brand-new round of funding will be used to develop out the Brazilian market and beyond, stated Carlos García Ottati, Kavak’s CEO and Co-Founder. Kavak, which was established in 2016, is an online marketplace that aims to bring security, openness, and access to funding to the used cars and truck market.

Nuvocargo raises $12M to digitize the freight logistics industry

Despite hundreds of billions of dollars’ worth of goods flowing across the U.S.-Mexican border each year, the freight industry has remained analog — each side of the border offering up its own maze of bureaucracy. Nuvocargo, a digital logistics platform for cross-border trade, is trying to modernize the process. The company offers an all-in-one service […] …

Shell invests in LanzaJet to accelerate deliveries of its synthetic air travel fuel

Shell invests in LanzaJet to accelerate deliveries of its synthetic air travel fuel

The energy huge Shell has actually joined a multitude of tactical investors — — consisting of All Nippon Airways, Suncor Energy, Mitsui and British Airways — — in financing LanzaJet, the company commercializing a procedure to convert alcohol into jet fuel. A spin-off from LanzaTech, among the last surviving climate tech startups from the first cleantech boom that’s […] , one of the last making it through environment tech startups from the very first cleantech boom that’s still independently held, LanzaJet is taking a phased investment technique with its business backers, allowing them to invest additional capital as the business scales to bigger production centers. LanzaJet is presently building an alcohol-to-jet fuel center in Soperton, Georgia. The company anticipates that its sustainable fuel will be blended with conventional fossil jet fuel to power planes in a lower carbon intensity method. In addition, LanzaJet’s SAF provides more than a 70% decrease in greenhouse gas emissions on a lifecycle basis, compared to conventional fossil jet fuel….

Aurora and Volvo partner to bring autonomous long-haul trucks to North America

Aurora and Volvo partner to bring autonomous long-haul trucks to North America

The self-governing vehicle startup Aurora Innovation said Tuesday it has actually reached a contract with Volvo to jointly establish self-governing semi trucks for The United States and Canada. The partnership, which the two companies say will cover numerous years and is through Volvo’s Autonomous Solutions system, will focus on trucks built to operate autonomously on highways between centers for […] The collaboration, which the two business state will span a number of years and is through Volvo’s Autonomous Solutions unit, will focus on trucks developed to operate autonomously on highways between hubs for Volvo customers. The announcement statement likewise a major acceleration for Volvo’s autonomous vehicle arm, Volvo Autonomous Solutions. It’s the company unit’s first offer to bring autonomous trucking to the roadway.

Google alum startup Cartken and REEF Technology launch Miami’s first delivery robotics

Google alum startup Cartken and REEF Technology launch Miami’s first delivery robotics

Self-driving and robotics start-up Cartken has actually partnered with REEF Innovation, a startup that operates car park and community hubs, to bring self-driving shipment robots to the streets of downtown Miami. With this statement, Cartken formally comes out of stealth mode. The business, founded by ex-Google engineers and associates behind the unrequited Bookbot, was formed to […] After a few test months, the REEF-branded electric-powered robots are now delivering dinner orders from REEF’s network of delivery-only kitchen areas to individuals located within a 3/4-mile radius in downtown Miami. Lindenberg said Miami is a fantastic place to start, however it’s simply the start, with potential for the Cartken robots to be utilized for REEF’s other last-mile delivery organizations. Cartken’s robots are powered by a mix of maker knowing and rules-based programming to react to every circumstance that might occur, even if that simply means safely stopping and asking for help, Christian Bersch, CEO of Cartken, informed TechCrunch. REEF marks specific operating areas on the map for the robots and Cartken tweaks the configuration for the city, accounting for particular scenarios a robotic might need to deal with, so that when the robotics are given a delivery address, they can make moves and run like any other delivery driver.

ChargerHelp raises $2.75 M to keep EV chargers working

The coming wave of electrical lorries will require more than thousands of charging stations. In addition to being set up, they also require to work– and today, that isn’t occurring. Network companies might never know there’s even an issue if a station doesn’t send out a chauffeur or a mistake does not report it. Kameale C. […] If a station doesn’t send out a motorist or an error does not report it, network suppliers might never understand there’s even an issue. One consumer assumed that bad use rates at a particular station was due to an absence of EVs in the area, Terry recalled in a recent interview.”Today when a station goes down there’s actually no troubleshooting guidance,” stated Terry, noting that it takes getting someone out into the field to run diagnostics on the station to comprehend the particular problem.

UK’s Cazoo will note on the NYSE by method of a SPAC, valuing it at $7B and raising $1.6 B

UK’s Cazoo will note on the NYSE by method of a SPAC, valuing it at $7B and raising $1.6 B

Cazoo, the U.K. used-car sales portal that has actually been on a major fundraising tear in the last year, will be the next business to pursue more growth by method of a SPAC: The business today revealed that it will note on the NYSE by way of a business combination with AJAX I, an unique function […] The business prepares to utilize the earnings of this to continue broadening across Europe after a bumper year.”As a long-term financier in Cazoo and believer in its management group, we are pleased to continue supporting Cazoo’s development as a public company,” said Daniel Sundheim, the founder of D1 Capital Partners, in a statement. Cazoo prepares to expand both that sales website and other businesses lines, such as an automobile subscription service it runs, which currently has 6,000+ customers in the U.K., Germany and France. SPACs have rapidly become a well-trodden option as the number of start-ups that have actually already raised a lot of cash from private backers continues to multiply. Others (and it seems Cazoo falls into this third classification) are using them as a faster method of noting publicly and fundraising through those channels to bypass some of the longer and pricey procedures of a more basic IPO….

Baton raises $10.5 M to develop ‘drop zones,’ where truckers can hand off freight

Baton raises $10.5 M to develop ‘drop zones,’ where truckers can hand off freight

In the trucking industry, “dwell and detention” times are the opponents of effectiveness, motorists and revenues. More than 2 billion hours are lost each year due to stay– the time invested at a distribution backyard or facility– and detention– the gap in between when loading or dumping is supposed to begin and when […] Baton is establishing a network of drop zones, 24-hour facilities it has actually sub-leased from partners, that are located outside of hectic metropolitan. Baton’s pitch is that it eliminates hours squandered with dwell and detention as well as the time spent sitting in traffic. Baton has landed long-haul trucking companies as customers, including CRST, the private freight business that carries loads for some of the country’s largest retailers, consisting of Walmart. Baton has several drop zones in Los Angeles, with plans strategies open more in the city.