Booster Raises $56 Million in Series C Funding
Investment comes as the company completes over two million fuel deliveries more sustainably and safely than traditional supply chains. Adds new corporate partners. Expands service to fleets.
San Mateo, Calif.— June 25, 2019— Booster announces today it has raised $56 million Series C funding led by Invus Opportunities, with strong participation from existing partners Madrona Venture Group, Vulcan Capital, Maveron, Conversion Capital, and Perot Jain LP.
Booster is also adding two new strategic investors: Enterprise Holdings Ventures, the venture capital arm of the world’s largest car rental and fleet management company, and Total Ventures, the venture capital arm of the integrated energy major, Total SA.
NAFA Webinar: Securing the Connected Fleet from the Cloud. Today.
Sponsored by Upstream Security
Live webinar date: Wednesday, July 3rd -- 12:00 PM - 1:00 PM Eastern
Cybersecurity strategies for securing connected vehicles have traditionally been focused around the security of the vehicle internals. This session will outline some of the automotive cybersecurity landscape using findings spanning eight years of research.
We will then dive into an innovative new approach to automotive security - cloud-based security - offering agent-less, backwards compatible and instantly deployable protection.
Continuous MVR Monitoring: Overcoming the ‘Good Enough’ Objection
By Shannon McNamara
According to conventional wisdom, pulling a driver’s motor vehicle record (MVR) once a year is enough to identify risky drivers.
In fact, it gives risky drivers a long grace period before discovery and unnecessarily raises the fleet’s risk profile and potential for a costly liability claim.
Among the most common objections to implementing a continuous motor vehicle record (MVR) program is that a once-a-year MVR pull is “good enough” to identify risky drivers.
This objection, which reflects conventional wisdom about MVRs, is true enough for most drivers. In fact, the vast majority of drivers will not have a violation necessitating the pulling of an MVR and intervention by fleet personnel or management. However, even the best driver can engage in risky behavior resulting in a violation — raising the fleet’s risk profile, the potential for a serious crash, and a liability lawsuit.
Driverless Cars Will Likely Disrupt the Aviation Industry
A future with driverless cars means people will have more options to avoid driving on their own, beyond trains, buses and airplanes.
Distance, travel time, cost and convenience will influence the decisions.
Passengers could eat, drink, work and sleep during the 10-hour drive. They could leave whenever they want, and pack whatever they want – including liquids and pocketknives – with no searches or scans. When they get to their destination, they wouldn’t have to find a rental car and navigate to the actual place they’re going. These changes could substantially change the aviation industry.
Read the article at SmartCompany.
Don’t Blame ‘Distracted’ Pedestrians for Rising Death Toll
People are struggling to explain the alarming rise in pedestrian deaths, which reached a generation-long high in 2018. Cell phone use, especially by pedestrians, is often floated as the explanation.
It’s easy to see why this theory is popular. Pedestrian deaths started rising in 2009 about the time smart phones began becoming ubiquitous.
But distracted walking — you hear the terms “zombie pedestrians,” or “petextrians” thrown around — probably isn’t the explanation for the additional 2,000 pedestrian deaths last year compared to a decade ago.
Read the article at STREETSBLOG USA
