Alan Adler

Michoacán

Midwest Bureau Chief at FreightWaves

Midwest Bureau Chief at FreightWaves

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Articles

Hyzon becomes latest SPAC-backed startup to crash

Dec 27, 2024 | freightwaves.com | Alan Adler

Even with a stream of positive news releases, the signs and warnings for Hyzon were there. Now reality has arrived: Fuel cell developer Hyzon Motors is the latest startup to give up after going public during the SPAC craze of 2020-2021. Hyzon fought through numerous obstacles, including a $25 million fine from the Securities and Exchange Commission related to fabricating orders for hydrogen-powered commercial trucks in China.
Reverse stock splits: Often a path to oblivion

Dec 20, 2024 | freightwaves.com | Alan Adler

The reverse stock split, a form of financial engineering that artificially boosts a company’s stock price, often sounds a death knell, especially for startups that exhausted funds in mergers with special purpose acquisition companies. The widespread carnage of failed advanced technology startups, especially in electrification and autonomy, is remarkable. With a few exceptions, companies opting for a reverse split end up on a path to oblivion.
Proterra’s surviving businesses may shed bankruptcy stigma

Dec 13, 2024 | freightwaves.com | Alan Adler

The stigma of going through bankruptcy is real, whether personal or corporate. But sometimes, it turns out OK. Consider Proterra Inc., a maker of electric transit buses, battery packs and a developer of charging infrastructure. Several startups in the electrification space ran out of financial runway. They either disappeared or were absorbed by other companies. Proterra’s electric transit bus business tasted early success after launching in 2004.
Of floor mops, M&M coatings … and battery packs

Dec 6, 2024 | freightwaves.com | Alan Adler

Facebook Twitter/X LinkedInWhat do coatings for M&M chocolate candies, O-Cedar floor mops and battery packs for electric trucks have in common? All three come from German industrial conglomerate Freudenberg Group. The company operates many other seemingly incongruous businesses from filtration to home cleaning products. A history of handoffsFreudenberg’s battery business is an appropriate Truck Tech topic.
Co-founder wants TuSimple liquidated

Nov 29, 2024 | ourcommunitynow.com | Alan Adler

Suits on 3 coasts In separate filings in courts in San Diego and Delaware, Hou claims his co-founder, Mo Chen, and CEO Cheng Lu are trying to move TuSimple’s $450 million to China. TuSimple moved its business there and has shifted its business from autonomous trucking to AI-generated video game production.
Co-founder wants TuSimple liquidated

Nov 29, 2024 | freightwaves.com | Alan Adler

Facebook Twitter/X LinkedInTuSimple co-founder Xiaodi Hou has started a second autonomous trucking startup. But he is suing his former company, urging that TuSimple be liquidated and $450 million returned to shareholders, of whom he is the largest. Suits on 3 coastsIn separate filings in courts in San Diego and Delaware, Hou claims his co-founder, Mo Chen, and CEO Cheng Lu are trying to move TuSimple’s $450 million to China.
Co-founder wants TuSimple liquidated

Nov 29, 2024 | finance.yahoo.com | Alan Adler

TuSimple co-founder Xiaodi Hou has started a second autonomous trucking startup. But he is suing his former company, urging that TuSimple be liquidated and $450 million returned to shareholders, of whom he is the largest. In separate filings in courts in San Diego and Delaware, Hou claims his co-founder, Mo Chen, and CEO Cheng Lu are trying to move TuSimple’s $450 million to China.
How a moonshot is giving voice to truck parcels

Nov 22, 2024 | freightwaves.com | Alan Adler

Facebook Twitter/X LinkedInSmart labels are one of those buzzy technology terms that have a lot of meanings. The ones logistics giant Kuehne+Nagel are rolling out with Chorus — one of Alphabet’s X moonshot factory entities — address questions some might not even think to ask.
Could the flux capacitor advance hydrogen-powered trucking?

Nov 15, 2024 | freightwaves.com | Alan Adler

Facebook Twitter/X LinkedInThe garbage-gulping Mr. Fusion from “Back to the Future” was pure fiction, but the flux capacitor that powered Doc Brown’s flying DeLorean is real. NASA made it. The space agency licenses it. And hydrogen-powered trucks might benefit from it. A license like no other“I actually have a license for the flux capacitor. How many people can say that?” Michael Kramer, founder of startup Novadev, told me.
Third-party validation: Table stakes for driverless trucking

Nov 8, 2024 | freightwaves.com | Alan Adler

Facebook Twitter/X LinkedInIn light of Aurora Innovation’s decision to push out commercial driverless trucking until next spring, it’s worth revisiting how third-party validation is becoming a price of entry for autonomous technology. Much of the public still fears it and would-be users know little about it.