socalTECH
JANUARY 19, 2022
Long Beach-based Rocket Lab said Tuesday afternoon that it has completed its acquisition of SolAero Holdings. SolAero Holdings is a manufacturer of solar power technology and aerospace structures for use in space. The deal was worth $80M in cash.
socalTECH
MARCH 1, 2021
Long Beach-based rocket developer Rocket Lab is joining the very long list of local technology companies, which is heading towards the public market through a merger with a Special Purpose Acquisition Company (SPAC).
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socalTECH
JUNE 17, 2013
OpenAirplane said Monday that it has launched in Los Angeles, letting pilots join and rent aircraft, and aircraft operators to list their aircraft, starting with Long Beach Airport (LGB). The addition of Los Angeles as a market came as OpenAirplane also added service in new York, Chicago, San Jose, Kissimmee, and Detroit.
socalTECH
AUGUST 17, 2018
Long Beach-based Cargomatic , which develops technology to connect shippers and carriers, said this week that it has raised $35M in a Series B funding round. The funding was led by Warburg Pincus, and also included Canaan, Genesee & Wyoming, Xplorer Capital and Muse Family Enterprises.
TechCrunch LA
DECEMBER 12, 2018
Daimler Trucks North America said in July it would begin testing 20 fully electric heavy- and medium-duty Freightliner models at the ports of Los Angeles and Long Beach this year. The state has set aggressive targets to improve air quality and reduce carbon emissions, particularly those generated from tailpipes.
TechCrunch LA
FEBRUARY 25, 2019
With an angle on a long-neglected part of the shipping industry — the short-haul movement of cargo from docks to logistics centers — Dray Alliance is joining a growing startup scene for logistics businesses based in Los Angeles. Trucking logistics company NEXT Trucking takes in a $21 million haul. The company has raised $3.5
socalTECH
JULY 15, 2013
A new study released earlier this month has ranked the Santa Barbara-Santa Maria-Goleta metropolitan area, as well as the San Diego-Carlsbad-San Marcos metropolitan area among the top ten markets for venture capital activity. Los Angeles-Long Beach-Santa Ana ranked further down on the list, at number 16, at $13.1M READ MORE>>.
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