Happy Friday.

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

Top News

US Logistics, the Texas-based logistics company with more than 500 trucks, filed for bankruptcy.

FedEx is exploring divestment of its freight business.

Uber Freight and Aurora launch autonomous trucking program.

Massive Fundings

Zepto, a 4-year-old Mumbai, India startup that provides 10-minute delivery services, raised a $665.0 million Series F led by Glade Brook, Nexus, and StepStone Group with participation from Avenir, Lightspeed, Goodwater, Lachy Groom, and Contrary Capital. More here. ​

Vecna Robotics, a 26-year-old Waltham, MA startup that provides material handling robotics, raised a $100.0 million Series C from Tiger Global, Proficio Capital Partners, and IMPULSE. More here.

Prewave, an 8-year-old Vienna, Austria startup that provides a supply chain risk and sustainability monitoring platform, raised a $68.0 million Series B led by Hedosophia with participation from Creandum, Ventech, Kompas, Speedinvest, and Working Capital Fund. More here.

Tier IV, a 9-year-old Tokyo, Japan startup that provides open-source software for autonomous driving, raised a $54.2 million Series B led by Taisei, Mitsubishi, and Suzuki Motor with participation from Isuzu Motors. More here.

Daydream, a 1-year-old Hillsborough, CA startup that provides an AI-powered ecommerce search engine, raised a $49.7 million Seed led by Forerunner Ventures and Index Ventures, with participation from Google Ventures and True Ventures. More here.

GrayMatter Robotics, a 4-year-old Gardena, CA startup that provides AI-powered robotics solutions for high-mix manufacturing, raised a $45.0 million Series B led by Wellington Management with participation from NGP Capital, Euclidean Capital, Advance Venture Partners, SQN Venture Partners, 3M Ventures, B Capital, Bow Capital, Calibrate Ventures, OCA Ventures, and Swift Ventures. More here.

Route, a 5-year-old Lehi, UT startup that provides post-purchase package tracking and protection solutions, raised a $40.0 million Series C led by Hanaco Ventures with participation from JAWS Ventures, Madrona Ventures, and Granger. More here.

Hive Technologies, a 4-year-old Berlin, Germany startup that provides fulfillment operations and software, raised a $30.4 million Series A extension led by EarlyBird Venture Capital with participation from Tiger Global, Picus Capital, and alfa8. More here. ​

Princeton NuEnergy, a 5-year-old Bordentown, NJ startup that provides lithium-ion battery recycling technology, raised a $30.0 million Series A led by Samsung Venture Investment and Helium-3 Ventures with participation from Honda, LKQ Corporation, SCG Group, Traxys Group, and Wistron Corporation. More here.

Molten Industries, a 3-year-old Oakland, CA startup that provides graphite and hydrogen for lithium-ion batteries, raised a $25.0 million Series A led by Breakthrough Energy Ventures with participation from Sozo Ventures, Mark Heising, Steelhead Capital, Union Square Ventures, 50 Years, J4 Ventures, Moai Capital, UVC Partners, Jane Woodward, and Peter Attia. More here.

Mid-Size Fundings

Kinetic Automation, a 3-year-old Santa Ana, CA startup that provides an automated digital systems repair platform for vehicles, raised a $21.0 million Series B led by Menlo Ventures with participation from Lux Capital, Construct Capital, Haystack Ventures, Allstate Strategic Ventures, and Liberty Mutual Strategic Ventures. More here.

Smaller Fundings

Heatio, a 2-year-old Liverpool, U.K. startup that provides a home energy optimization platform, raised a $2.4 million Seed led by Ascension with participation from Conduit Connect, The Syndicate Room, Baltic Ventures, LYVA Labs, and Neil Norman. More here.

Pull Logic, a 4-year-old Atlanta, GA startup that provides a proactive inventory management platform, raised a $1.2 million Seed from Fintech Ventures Fund, Pax Momentum, and Silicon Road. More here.

Freightmate AI, a less-than-1-year-old Seattle, WA startup that provides an AI-powered freight management platform, raised an undisclosed Pre-Seed from Wischoff Ventures. More here.

Exits

Coyote Logistics, an 18-year-old Chicago, IL company that provides a tech-enabled freight brokerage, was acquired by RXO, the large public logistics provider, for $1.0 billion. The sale comes nearly a decade after UPS bought Coyote for $1.8 billion. More here.

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