Happy Friday.

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

Top News

Kuehne + Nagel, the largest freight forwarder by revenue, saw a 44% YoY drop in Q1 2024 earnings.

DR Congo presses Apple over potential conflict minerals in its supply chain.

80% of businesses that invested in supply chain technology saw a revenue increase within a year, according to survey from Cleo.

Massive Fundings

Skyports, a seven-year-old London startup operating electric drones and vertiports, raised a $110 million Series C led by ACS Iridium Concesiones de Infraestructuras and Groupe ADP. More here. ​

UniUni, a five-year-old Richmond, Canada startup providing ecommerce last-mile logistics, raised a $50 million Series C led by DCM. More here.

Haomo, a five-year-old Beijing, China startup providing autonomous driving solutions, raised a $41.5 million Series B2 led by Jiuzhi Capital. More here.

Ecozen, a fourteen-year-old Pune, India startup providing solar-powered cold storage solutions, raised a $30 million financing led by Nuveen. More here.

SWTCH Energy, an eight-year-old Toronto, Canada startup providing electric vehicle charging for multi-tenant buildings, raised a $27.2 million Series B led by Blue Earth Capital with participation from Active Impact Investments, GigaFund, and Alantra Partners. More here.

Mid-Size Fundings

HighByte, a six-year-old Portland, ME startup providing a contextualized data platform for manufacturers, raised a $12 million Series A led by Standard Investments with participation from Exposition Ventures and Maine Venture Fund. More here.

Verne, a four-year-old San Francisco, CA startup providing hydrogen fuel for heavy-duty transport, closed a $10 million Seed led by Trucks Venture Capital with participation from Collaborative Fund, Amazon Climate Pledge Fund, United Airlines Ventures, and Newlab. More here.

AIPERIA, a three-year-old Wurzburg, Germany startup providing a demand platform for fresh food, raised an $8 million Series A led by ETF Partners and LBBW VC, with participation from EarlyBird Venture Capital. More here.

Rivet Work, a five-year-old Detroit, MI startup providing a construction workforce management platform, raised a $6 million financing led by Brick & Mortar Ventures with participation from Defy VC, Augment Ventures, Detroit Venture Partners, and Michigan Rise. More here.

Meridia, a nine-year-old Amsterdam startup offering a field and physical flow verification platform, raised a $5.6 million Series A led by Intercontinental Exchange, Cerigo Investments, and Sabi Fund, with participation from Cerulean Ventures, Sagana, Regeneration VC, and Edaphon. More here.

Smaller Fundings

Veyor, a six-year-old Chippendale, Australia startup providing delivery management for loading docks and construction sites, raised a $2.8 million Pre-Series A led by Investible with participation from Saniel Ventures and Gravel Road Ventures. More here.

Bluwheelz, a two-year-old New Delhi, India startup providing a sustainable delivery platform, raised a $1.0 million financing led by Venture Catalysts, with participation from Faad Network, LetsVenture, and Chakra Growth Fund. More here.

Exits

HD Hyundai Marine Solutions, the Busan, South Korea-based ship-repair unit of giant HD Hyundai went public, raising $524 million at a $2.7 billion valuation. More here.

Wish, a fourteen-year-old San Francisco startup offering an ecommerce marketplace, was acquired by Qoo10, a Singapore-based ecommerce marketplace for $173 million. Wish had previously raised $2.9 billion in funding. More here.