Bentonville-based RZC Investments, the investment platform for Steuart and Tom Walton, grandsons of Walmart founder Sam Walton, has invested an undisclosed amount in commercial real estate startup Loloft in Rogers.
Loloft is an acronym for “Local Logistics, Flexible Terms.” The business model operates similarly to a regular co-working concept but is marketed to early-stage or growing companies by offering warehouse spaces on a flexible basis with lease terms starting at 30 days.
Northwest Arkansas has the potential to be a leader in aviation, but creating a culture to support the industry is a slow process, Steuart Walton told Axios.
Driving the news: UP.Partners, Steuart and Tom Walton, and Ross Perot Jr. hosted UP.Summit in Bentonville this week, an event that draws established and startup companies to discuss the future of transportation.
“How long is it until all of us can get up in one of these things? I think it might be a little while,” Steuart Walton said of the new technologies on display at UP.Summit. “But this is about a long-term vision.”
The goal of holding the summit in Bentonville is to position the area as a leader in environmentally friendly transportation technology that brings jobs and innovation, Walton told attendees.
Steuart Walton was one of the dozens of speakers who participated in the invitation-only Heartland Summit in Bentonville on May 11-12. More than 300 people attended the flagship event of Bentonville think tank Heartland Forward, spearheaded by Walton family members and led by CEO Ross DeVol.
Plug and Play’s Supply Chain Innovation Platform is excited to announce the closing of Plug and Play Supply Chain Fund I, L.P., a $25.5 million venture capital fund focusing on investments across the end-to-end supply chain. The Plug and Play Supply Chain Fund will focus on investing in Series A-C startups that are disrupting and receiving great traction in the supply chain industry.
Arkansas entrepreneurs are making a bold claim to be a global giant in next generation transportation, including flying cars, driverless vehicles, and drones. This claim follows Arkansas Governor Asa Hutchinson’s recent announcement to create the Arkansas Council on Future Mobility, an advisory board committed to attracting businesses, startups, innovators, and creators.