Happy Friday.

This is the 20th installment of Scheduled Shipment!! It’s been a blast writing this newsletter. Thank you for being here :).

Let’s dive in.

Top News

Red Sea crisis boosts freight rates and Hapag-Lloyd financial outlook.

Crescent Energy is acquiring SilverBow Resources for $2.1 billion.

Honda plans to invest $60 billion into its electric vehicle strategy.

Massive Fundings

Hysata, a three-year-old Port Kembla, Australia startup that develops green hydrogen electrolyzer technology, raised a $111.0 million Series B led by BP Ventures and Templewater with participation from POSCO, IMM Investment Hong Kong, and Shinhan Financial Group. More here.

Li Industries, a seven-year-old Pineville, NC startup that provides lithium-ion battery recycling technology, raised a $36.0 million Series B led by Bosch Ventures, Khosla Ventures, and LG Technology Ventures with participation from Formosa Smart Energy, Anglo American, and Chevron Technology Ventures. More here.

Gatik, a seven-year-old Mountain View, CA startup that provides autonomous middle-mile logistics, raised a $30 million Series B led by Isuzu Motors. More here.

Mid-Size Fundings

FleetPulse, a one-year-old Chicago startup that provides trailer telematics, raised an $11.0 million Seed led by Four More Capital. More here.

PAXAFE, a six-year-old Indianapolis startup that provides a cold chain software platform, raised a $10.0 million Series A led by Framework Venture Partners with participation from M12, Rosecliff Ventures, Elevate Ventures, AngelList Quant Fund, Gaingels, and Mama Ventures. More here.

Layup Parts, a less-than-one-year-old Huntington Beach, CA startup that provides composite parts, raised a $9.0 million Seed led by Founders Fund with participation from Lux Capital and Haystack Ventures. More here.

GoodShip, a two-year-old Nashville startup that provides a freight orchestration and procurement platform, raised a $8.0 million Series A led by Bessemer Venture Partners with participation from Ironspring Ventures, Chicago Ventures, FUSE VC, Cercano Management, and Wischoff Ventures. More here.

AgriDex, a three-year-old London startup that provides a blockchain-based agriculture traceability and payment platform, raised a $5.0 million Pre-Seed led by Endeavor Ventures, with participation from African Crops Limited, Oldenburg Vineyards, and Hank Oberoi. More here.

Provenance, an 11-year-old London startup that provides supply chain sustainability visibility, raised a $5.0 million financing led by S4S Ventures and Nordic Eye with participation from Alumni Ventures and Angel Academe. More here.

Smaller Fundings

Celcius, a four-year-old Navi Mumbai, India startup that provides end-to-end cold chain solutions, raised a $4.8 million Pre-Series B led by IvyCap Ventures with participation from Mumbai Angels and Caret Capital. More here.

Composabl, a one-year-old Walnut Creek, CA startup developing AI agents for industrials, raised $4.3 million Seed led by Momenta with participation from Ridgeline, Exposition Ventures, and Hannah Grey VC. More here.

Maad, a four-year-old Dakar, Senegal startup that provides a B2B ecommerce platform for small retailers, raised a $3.2 million Seed led by Ventures Platform with participation from Seedstars International Ventures, Reflect Ventures, Oui Capital, Launch Africa, Voltron Capital, and Alumni Ventures. More here.

Axmed, a one-year-old Basel, Switzerland startup that provides drug supply chain solutions, raised a $2.0 million Seed led by Founderful Ventures. More here.

Mavarick, a two-year-old Limerick, Ireland startup that provides a manufacturing optimization platform, raised a $1.4 million Pre-Seed led by Act VC. More here.

Exits

Zeekr, a three-year-old Ningbo, China startup that manufactures battery-electric vehicles, IPO’d on the NYSE at a $5.2 billion valuation. More here.

Thanks for being a part of Scheduled Shipment! Click here if you’re not already subscribed. Follow along on Twitter/X and check out past issues here.