Scheduled Shipment #12 (3/22/24)

Deep sea mining, Mercedes iRobots, Tesla in India

Happy Friday.

Scheduled Shipment brings you latest updates in global commerce, supply chain, and logistics.

Top News

As China expands its deep sea mining, the controversial method for securing cobalt, nickel, and other minerals is back on Washington’s radar.

Mercedes will test humanoid robots in its manufacturing facilities.

India courts Tesla with reduced import tax rule for EV manufacturers that invest $500 million to produce cars in the country.

Massive Fundings

Wonder, a six-year-old New York startup that provides a cloud kitchen platform, raised a $700 million Financing led by GV, American Express Ventures, and Alpine Group with participation from Bain Capital Ventures, Accel, Dragoneer Investment Group, NEA, and others. More here.

InDrive, a 12-year-old Mountain View, CA startup that provides a bidding platform for rides, raised a $300 million Financing led by General Catalyst with participation from Centre Street Partners. More here.

Applied Intuition, a seven-year-old Mountain View, CA startup that provides autonomous vehicle development software, raised a $250 million Series E led by Lux Capital, Elad Gil, and Porsche Ventures with participation from Andreessen Horowitz, BOND Capital, General Catalyst, Human Capital, Henry Kravis, Reid Hoffman, Ray Dalio, and others. More here.

Physical Intelligence, a one-year-old San Francisco startup that provides general purpose AI for the physical world, raised a $70 million Series B led by Thrive Capital with participation from Khosla Ventures, Lux Capital, OpenAI, and Sequoia Capital. More here.

Mid-Size Fundings

Ingrid, a nine-year-old Stockholm, Sweden startup that provides a delivery experience platform, raised a $22.8 million Financing led by Verdane with participation from Schibsted Ventures. More here.

Axion Ray, a three-year-old New Castle, DE startup that provides a decision intelligence platform for automotive, aerospace, and manufacturing industries, raised a $17.5 million Financing led by Bessemer Venture Partners with participation from Amplo, Inspired Capital, and RTX Ventures. More here.

Lily AI, a nine-year-old Mountain View startup that provides an eCommerce product discovery platform, raised a $12.4 million Series B1 led by Conductive Ventures with participation from Cendana Capital, NEA, and Canaan Partners. More here.

G2 Reverse Logistics, a four-year-old Pittsburgh startup that provides a reverse logistics platform, raised a $9.6 million Seed led by Dell Technologies Capital. More here.

FlavorCloud, a 13-year-old Seattle, WA startup that provides a cross-border ecommerce platform, raised a $7.9 million Financing from undisclosed investors. More here.

Glacier, a five-year-old San Francisco startup that provides robotics for recycling, raised a $7.7 million Seed led by The Climate Pledge, AlleyCorp, and NEA with participation from Overture VC and VSC Ventures. More here.

Necture, a nine-year-old Vienna, Austria startup that provides an electric fleet optimization platform, raised a $7.6 million Series A led by Energie 360, Smartworks Innovation, and Verbund X Ventures with participation from Speedinvest. More here.

PayShepherd, a six-year-old Calgary startup that provides a billing management platform for construction, raised a $5.2 million Seed led by Inovia Capital with participation from Accelerate Fund, Nashville Capital Network, and Thin Air Labs. More here.

Smaller Fundings

Acto, a three-year-old Paderborn, Germany startup that provides an ERP for logistics sales teams, raised a $4.0 million Seed led by 468 Capital and Cusp Capital Partners with participation from Adesso Ventures. More here.

Imperia, a five-year-old Valencia, Spain startup that provides supply chain planning software, raised a $3.3 million Financing led by Samaipata with participation from Accel, All Iron Ventures, Draper B1, and Angels Capital. More here.

Mavi, a three-year-old Miami startup that provides an in-car commerce platform, raised a $3 million Seed led by Govo Venture Partners with participation from REFASHIOND Ventures. More here.

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