Photo credit: Lion Electric Lion Electric, a maker of electric trucks that's secured customers including e-commerce giant Amazon, is in talks to go public by the way of a reverse merger with blank-check firm Northern Genesis Acquisition Corp, according to a report [paywalled] by Bloomberg . Northern Genesis is a newly-formed blank-check firm that raised $300 million from its market debut just in August and is now targeting to raise an additional $500 million to fund a Lion Electric merger, Bloomberg reports. Lion Electric is a Canadian company that makes heavy electric vehicles such as trucks and school buses. In September, it reached an agreement to supply 10 electric trucks to e-commerce giant Amazon, which is increasingly adopting the use of emission-free vehicles for its outsized logistical operations. Still private, Lion Electric is controlled by Power Sustainable Capital, a subsidiary of financial services firm Power Corp. of Canada. It seems Lion Electric is seeking a re
A very big new acquisition has happened in the tech industry, with Okta (NASDAQ: OKTA), the publicly-traded cloud identity and access management software provider, announcing an agreement to buy Auth0, a fellow cloud identity software provider, for a price of $6.5 billion to be paid all with shares. A $6.5 billion exit for Auth0 marks a major win for the startup scene in Seattle, the tech hub where Auth0 is based and also a major win for the company's backers and investors. Auth0 last raised venture funding last year in July with a $120 million Series F round that valued the company at $1.9 billion. Now, it's about to sell for more than triple that amount. Auth0 has raised more than $330 million in total venture funding, with investors including the likes of Salesforce Ventures, Bessemer Venture Partners, Telstra Ventures, Sapphire Ventures, and DTCP. Salesforce Ventures led Auth0's most recent $120 million Series F round. With its acquisition of a fellow cloud identity a