Happy Friday.

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

Top News

Air cargo demand is up 11% in Q1 due to Red Sea shipping diversions.

Apple doubled iPhone production in India, diversifying from China.

Freight rates remain steady despite Baltimore bridge collapse, data shows.

Massive Fundings

Platform Science, a 9-year-old San Diego, CA startup that provides a fleet management platform, raised a $125.0 million Series C1 led by 8VC, NewRoad Capital Partners, and Prologis Ventures with participation from Ryder, Activant Capital, BDT & MSD Partners, CR England, Cummins, Daimler, Manhattan Venture Partners, and PACCAR, Schneider National. More here.

Alsym Energy, a 9-year-old Woburn, MA startup that develops rechargeable energy storage, raised a $78.0 million Series C led by General Catalyst and Tata with participation from Drads Capital, Thomvest Ventures, and Thrive Capital. More here.

Mid-Size Fundings

ikas, a 7-year-old Ankara, Turkey startup that provides multichannel retailing software, raised a $20.0 million Series A led by International Finance Corporation and Re-Pie Portfolio Management. More here.

Archetype AI, a 1-year-old Palo Alto, CA startup that provides multimodal AI for the physical world, raised a $13.0 million Seed led by Venrock with participation from Amazon Industrial Innovation Fund, Buckley Ventures, Hitachi Ventures, and Plug and Play Tech Center. More here.

InstaCarro, a 9-year-old Sao Paulo, Brazil startup that provides an online car marketplace, raised a $10.9 million financing led by FJ Labs, Rise Capital, J Ventures, and Bamboo DCM Platform with participation from Fasanara Capital. More here.

Weenat, a 10-year-old Nantes, France startup that provides an agriculture intelligence platform, raised an $8.0 million Series C led by IDIA Capital Investissement with participation from ECBF Management, Liberset, and Pymwymic. More here.

Smaller Fundings

Delivery Collective, a 1-year-old Newark, CA startup that provides an online food delivery platform, raised a $3.8 million Seed led by Defy VC with participation from 640 Oxford, Bling Capital, GTMFund, and Pathbreaker Ventures. ​​More here.

AutoNXT Automation, a 9-year-old Thane, India startup that develops autonomous tractors, raised a $3.0 million financing led by Saama Capital with participation from Amit Singhal, BlueHill Capital, Keiretsu Forum, Soonicorn Ventures, and Suveer Sinha. More here.

Völur, a 5-year-old Oslo, Norway startup that provides AI-powered intelligence for the meat industry, raised a $2.8 million financing led by Saria, IdeKapital, and Fusion Fund with participation from Fortress Fund, York IE, and Serra Ventures. More here.

Ailytics, a 6-year-old Singapore startup that provides video analytics for manufacturing and construction, raised a $2.7 million Seed led by Tin Men Capital with participation from Aurum Investments and AngelCentral. More here.

ELEC, a 3-year-old Bucharest, Romania startup that provides an electric ride-share platform, raised a $1.1 million financing led by undisclosed investors. More here.

Exits

ProPack Logistics, a 33-year-old Blaine, WA provider of fulfillment services, was acquired by Stord, the 9-year-old Atlanta, GA provider of distribution software and services. More here.