Afternoon Coffee: Tipalti raises $76 million; Mexican tomato imports face hurdles; Congress dragging feet on EV legislation

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Mining executives are upset that the U.S. Congress has not yet passed any law to streamline mine permitting and fund geological studies. Their sector is eager to hasten U.S. production of lithium and other rare earths for the electric vehicle industry, reports Reuters.

“We don’t have great clarity on what the legislative timelines are,” said Keith Phillips, chief executive of Piedmont Lithium Ltd., which is developing a lithium mine in North Carolina. “This pending legislation would be a big positive” to help secure investment, he is quoted by Reuters as saying.

Tipalti gets $76 million in latest funding round

AP automation solution provider Tipalti announced raising $76 million in its D round of funding led by Zeev Ventures, according to a release. This will “fuel its growth through increased developer, customer success, sales, and business development headcount, marketing investments, while adding new offices in North America and Europe,” according to the release.

Inspection clause may prove to be a hurdle for Mexican tomato imports

A few days ago, the U.S. Department of Commerce green-lighted a deal with the Mexican government removing tariffs on imported tomatoes. But importers have expressed concern that built-in inspection provisions in the deal could delay the incoming tomatoes at the border. The final deal stipulates inspections of certain tomato varieties are mandatory and may take up to 48 hours.

Supply chain tech veteran joins GreyOrange

Global software and robotics platform provider GreyOrange has announced the appointment of veteran supply chain executive Monty Waltz as the company's Head of Global Sales & Enablement. Waltz brings more than 25 years of enterprise-level supply chain and retail domain expertise to GreyOrange. He will work closely with GreyOrange’s global direct and indirect sales teams.

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