Happy Friday.

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

Top News

China raises $48 billion national semiconductor fund after U.S. earmarked $50+ billion for domestic chip production.

Lower-cost store brands now account for 22% of U.S. grocery store sales, as consumers look to cut food spending.

FedEx winding down U.S. Postal Service contract which produced a $400 million drag on profit last year.

Massive Fundings

Euler Motors, a nine-year-old New Delhi, India startup that manufactures three-wheel electric vehicles, raised a $97.0 million Series C led by Blume Ventures, GIC, Piramal Alternatives, and Green Frontier Capital. More here.

Infra.Market, an eight-year-old Thane, India startup that provides a construction materials marketplace, raised a $50.0 million financing led by Mars Growth Fund. More here.

Realtime Robotics, a nine-year-old Boston startup that provides collision-free motion planning for robotics, raised a $45.0 million Series B led by Mitsubishi Electric. More here. ​

Mid-Size Fundings

Orca AI, a six-year-old London startup that provides a voyage safety and efficiency platform, raised a $23.0 million financing round led by OCV Partners and Mizmaa Ventures with participation from Santa Barbara Venture Partners and Playfair Capital. More here.

Iyris, a seven-year-old Al Ain, Abu Dhabi startup that develops agriclimate technology for food producers, raised a $16.0 million Series A led by Ecosystem Integrity Fund with participation from Global Ventures, Bonaventure Capital, Dubai Future District Fund, Kanoo Ventures, and Globivest. More here.

OneOrder, a two-year-old Cairo, Egypt startup that provides a procurement platform for restaurants, raised a $16.0 million Series A led by Delivery Hero Ventures with participation from Norrsken22, Nclude, and A15. More here.

Shipzero, a six-year-old Hamburg, Germany startup that provides a logistics emissions monitoring platform, raised an $8.6 million Series A led by ETF Partners with participation from Raspberry Ventures and Rethink Ventures. More here.

Turno, a three-year-old Bengaluru, India startup that provides commercial electric vehicle distribution, raised a $5.5 million financing round led by British International Investment with participation from B Capital, Quona Capital, and Stellaris Venture Partners. More here. ​

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