This partly explains why Belgium-based startup Qargo has now raised £11 million ($14 million) in a Series A round led by Balderton Capital.
With the logistics industry facing rising operating costs, decarbonization pressures, hikes in fuel prices and cyber attacks, companies in the space are in tricky times.
There is clear pressure to digitize the industry to introduce cost savings.
While the transport industry does use legacy software platforms like Mcleod Software, Rose Rocket and Dash Doc, many of these platforms are from an earlier era.
In a statement, Rob Moffat, partner at Balderton Capital, said, “Logistics is a $5T market globally but is often overlooked by software companies.
Lucid Motors is stuck in a fight over the name of its Gravity SUVLucid Motors is at risk of losing the trademark for the name of its Gravity SUV, just months before the company is supposed to start production.
Google Ventures-backed EV charging company Gravity Inc. filed a “petition for cancellation” with the U.S. Patent and Trademark Office’s Trademark Trial and Appeal Board (TTAB) in December asking for Lucid’s Gravity trademark to be revoked.
“We feel very, very confident about it,” Moshe Cohen, Gravity Inc.’s CEO, said of the petition in an interview with TechCrunch.
Lucid, in its answer to the petition filed last week, says that Gravity does not currently operate an EV fleet and argues that consumers would not be confused by the two different uses of the Gravity name.
“[Lucid] believes that it is being and will continue to be damaged by [Gravity Inc.’s] registration,” the company writes.
