Heavy duty truck orders surged in the same time period to a record-setting 50,000 in March of 2021. has seen an impressive 50% year-over-year increase in the number of trucking registrations since March 2020, due in large part to the unprecedented growth in e-commerce and shift in consumer spending.
#Keep trucking code
The opportunities for KeepTruckin are endless, and we can’t wait to see what the company cracks the code for next,” said Zach Barasz, Partner at G2 Venture Partners. We know that an inflection point is coming in this industry: the proliferation of AI-powered cameras into all commercial vehicles, and KeepTruckin has the team and the highest quality products to lead the field. “One of the many reasons we’re excited to partner with KeepTruckin includes the people behind the technology, especially the management team that runs the business with a clear vision to fundamentally improve the safety and sustainability of commercial vehicles through novel hardware and software.
#Keep trucking series
“Over the past year, our customers have grown their fleets by 21%, and with our Series E funding, we are now well-positioned to grow alongside them by investing in talent and technology to better serve all businesses that power the physical economy.”
#Keep trucking drivers
“Today, more than 90,000 companies and one million drivers depend on our technology to improve the safety and efficiency of their operations,” said Shoaib Makani, CEO of KeepTruckin. Key factors contributing to KeepTruckin’s 70% annualized growth since the onset of the pandemic are its rapid expansion into new market segments, such as construction, oil and gas, food and beverage, field services, moving and storage, and agriculture, and the pandemic-accelerated digital transformation within these industries.
#Keep trucking driver
The company equips customers with cutting-edge hardware and software that leverages the latest advancements in AI and computer vision to solve a broad range of problems for businesses, including video-based driver safety, GPS tracking, ELD compliance, vehicle maintenance and fuel spend management. KeepTruckin’s 400,000-strong network of connected vehicles is one of the largest in North America. The new capital will support KeepTruckin’s strategic priorities by allowing it to continue building innovative AI-powered products, recruiting top-tier talent, and scaling rapidly to meet the needs of businesses that power the physical economy. The round values KeepTruckin at over $2 billion. When ".Truckin '" became a hit, the Temptations' hit luster was waning, with "Hey Girl (I Like Your Style)" barely reaching the Top 40, and the follow-up funk song, " Let Your Hair Down", becoming only a modest hit (although an R&B #1).SAN FRANCISCO-( BUSINESS WIRE)- KeepTruckin, the leader in fleet management technology, today announced that it has raised $190 million in new funding from G2 Venture Partners, Index Ventures, Greenoaks, IVP, Scale Venture Partners, funds managed by BlackRock, and several other leading investors. By late fall, the song had reached number one on the US pop and R&B singles chart, matching the performance of the biggest singles released by his former group. Upon its release in the summer of 1973, the song would finally bring Kendricks out of the shadow of his former band as the song's catchy beats and melody became a crossover hit. With co-writers Anita Poree (1939–2018) and Leonard Caston Jr., Wilson created a song rivaling that of the Temptations' Norman Whitfield-produced cinematic soul that had become commonplace among the group's recordings, but instead of instigating drama, the song's grooves were clearly aimed at the dance floor. His earlier single, "Girl You Need a Change of Mind", was a cult favorite for club fans. Working closely with Frank Wilson, who was the main producer in most of Kendricks' solo efforts, the duo worked on a song that would aim at the dance floor rather than the serene ballads that Kendricks was used to recording. While his former bandmates went on to record hits such as " Superstar (Remember How You Got Where You Are)" (which was a reported jab at Kendricks and fellow ex-Temptation David Ruffin), and their seven-minute opus, " Papa Was a Rollin' Stone", Kendricks had begun to reach a cult R&B fan base following his last two albums. By 1973, Eddie Kendricks was two years deep into a solo career following his bitter split from The Temptations in 1971.
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