KeepTruckin, a well-funded maker of freight software, laid off 349 employees, 18% of its staff, according to an email viewed by The Information. KeepTruckin, which has raised more than $200 million from the likes of GV, IVP and Scale Venture Partners, sells compliance software and truck dashcams that helps freight carriers monitor their fleets. CEO Shoaib Makani wrote in the email that the...
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The Electric: Western Auto and Battery Makers’ Big Gamble on Indonesian Nickel
For much of the last century, metals companies have made stainless steel from nickel mined in Russia or the Philippines and smelted at temperatures up to 2,900 degrees. But demand for nickel is outstripping supplies because the metal is a key component in most electric vehicle batteries. So metals producers have turned to a new supplier—Indonesia, which possesses vast reserves of a previously...
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