Happy Friday.

Scheduled Shipment brings you latest updates in industrial & supply chain & tech.

Note: there won’t be a company breakdown on Tuesday next week. We’ll be back with Scheduled Shipment #22 on Friday 5/31.

Top News

Dali has been cleared from the channel, 55 days after it struck and collapsed the Baltimore Key Bridge.

Half of manufacturers and one-third of service companies are still struggling to obtain supplies, according to Fed survey.

Biden administration gives grants to 31 Tech Hubs across America in effort to create and deploy technology that “advances American competitiveness.”

Massive Fundings

OneStock, a 14-year-old Toulouse, France startup that provides an order management system, raised a $72.0 million financing led by Summit Partners. More here.

Cylib, a two-year-old Aachen, Germany startup that provides lithium-ion battery recycling technology, raised a $59.0 million Series A led by World Fund and Porsche Ventures with participation from Bosch Ventures, DeepTech & Climate Fonds, NRW.Venture, Vsquared Ventures, Speedinvest, and 10x Founders. More here.

AssetWatch, a 10-year-old Westerville, OH startup that provides predictive maintenance for manufacturing, raised a $38.0 million Series B led by Wellington Management with participation from G2 Venture Partners, Triangle Peak Partners, Standard Investments, Osage University Partners, and JobsOhio. More here.

Mid-Size Fundings

Harbor Lab, a four-year-old Athens, Greece startup that provides port cost management software, raised a $15.8 million Series A led by Atomico with participation from Notion Capital, Speedinvest, theDOCK, and VentureFriends. More here.

Harbinger, a three-year-old Garden Grove, CA startup that develops electric chassis, raised a $13.0 million financing extension led by Coca-Cola System Sustainability Fund. More here.

XSquare, a five-year-old Singapore startup that provides intelligent forklifts for warehouses, raised a $10.5 million Series A led by Wavemaker Partners with participation from SEEDS Capital and Goldbell Corporation. More here.

Princeton NuEnergy, a five-year-old Bordentown, NJ company that provides lithium-ion battery recycling technology, raised a $10.3 million Series A led by SCGC, Tech Council Ventures, and LKQ Corporation with participation from Greenland Technologies Holding, Shell Ventures, and WorldQuant Ventures. More here.

Overland, a two-year-old Seattle, WA startup that develops self-driving systems for off-road military vehicles, raised a $10.0 million Seed round led by Point72 Ventures with participation from Ascend Venture Capital, Cubit Capital, PSL Ventures, Shasta Ventures, and Voyagers Capital. More here.

Quidnet Energy, an 11-year-old Houston, TX startup that provides geomechanical energy storage, raised a $10.0 million financing led by Hunt Energy Network. More here.

Bedrock Materials, a one-year-old Chicago, IL startup that provides essential materials for low-cost sodium-ion batteries, raised a $9.0 million Seed led by Trucks Venture Capital, Refactor Capital, and Version One Ventures with participation from Hanover Technology Investment Management, SpaceCadet Ventures, Brainstorm Capital, Evergreen Climate Innovations, Expansion VC, Climate Capital, Quest Venture Partners, Meliorate Partners, Valia Ventures, and Ritual Capital. More here.

Orange Charger, a four-year-old Redwood City, CA startup that provides EV charging solutions for multi-unit buildings, raised a $6.5 million Seed led by Munich Re Ventures and Climactic with participation from Baukunst, Crow Holdings, Lincoln Property Ventures, and Space Cadet Ventures. More here.

ULEMCo, a 10-year-old Liverpool, U.K. startup that converts commercial vehicles into hybrids, raised a $6.4 million financing led by Mercia Ventures with participation from Equity Gap, Scottish Enterprise, and The North West Fund. More here.

Smaller Fundings

Matel, a seven-year-old Pune, India startup that manufactures EV components, raised a $4.0 million financing led by Transition Venture Capital with participation from Haresh Abichandani and Gruhas. More here.

Hefring Marine, a six-year-old Reykjavik, Iceland startup that provides real-time decision support for vessels, raised a $2.4 million financing led by Faber Ventures with participation from Innoport, MD ONE Ventures, and Two Ravens. More here.

Exits

foodpanda, a 13-year-old startup that provides food delivery, sold its Taiwan operations to Uber for $297.8 million. More here.

Butter, a four-year-old San Francisco, CA company that provides food distribution automation software, was acquired by GrubMarket. Previously, Butter had raised $12.8 million in funding. More here.

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