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Scheduled Shipment #37
US manufacturing boom draws property investors, DSV enters talks to buy DB Schenker, DeepMind taught a robot to tie its shoes.
Greg Brainard
September 13, 2024
Happy Friday!
Some cool companies raised this week. ZeroAvia ($150m Series C) is building zero-emission flight, Reverion ($62m Series A) is supplying energy from agricultural waste, and Aifleet ($17m Series B) is providing AI-native trucking services. Also, robots are learning to emulate human abilities such as tying shoes.
Let’s dig in.
Building, fundraising, or hiring in supply chain / industrial tech? I’d love to help out! Get in touch.
Top News
The U.S. manufacturing boom, driven by new sites like TSMC’s $65 billion chip fabrication complex, is luring property investors.
DSV has entered talks to buy DB Schenker, the combination of which would create the world’s largest freight forwarder.
Google DeepMind taught a robot to tie its shoes.
Massive Fundings
ZeroAvia, a 7-year-old Hollister, CA startup that produces hydrogen-electric engines for zero-emission flight, raised a $150.0 million Series C led by Airbus, Barclays, and NEOM with participation from UK Infrastructure Bank, Breakthrough Energy Ventures, Horizons Ventures, Ecosystem Integrity Fund, Summa Equity, Alaska Airlines, Amazon, and AP Ventures. More here.
24M, a 14-year-old Cambridge, MA startup that produces lithium-ion batteries for manufacturing use cases, raised an $87.0 million Series H led by Nuovo+ with participation from Kyocera Corporation, ASAHI Kasei, Dai Nippon Printing Company, Lucas TVS, and Mitsui O.S.K. Lines. More here.
Forterra, a 22-year-old Clarksburg, MD startup that provides a self-driving technology platform for defense customers, raised a $75.0 million Series B led by Moore Strategic Ventures, XYZ Venture Capital, and Hedosophia with participation from Standard Investments, Enlightenment Capital, Crescent Cove Advisors, and Four More Capital. More here.
Reverion, a 6-year-old Eresing, Germany startup that produces power from agricultural waste, raised a $62.0 million Series A led by Energy Impact Partners, Honda, and EIC Fund with participation from Extantia, UVC Partners, Green Generation Fund, Doral Energy-Tech Ventures, and Possible Ventures. More here.
Mid-Size Fundings
Aifleet, a 4-year-old Austin, TX startup that provides AI-driven trucking services, raised a $16.6 million Series B led by Heron Rock with participation from Volvo Group Venture Capital, Obvious Ventures, Ibex Investors, Compound, Winthrop Square, and Cooley. More here.
retraced, a 5-year-old Dusseldorf, Germany startup that provides a supply chain compliance and sustainability platform for fashion brands, raised a $16.6 million Series A led by Partech with participation from Alante Capital, Alstin Capital, Samaipata, and F-Log Ventures. More here.
Entalpic, a 2024 Paris, France startup that provides an AI-driven materials discovery platform for the chemical industry, raised a $9.4 million Seed led by Breega, Cathay Innovation, and Felicis Ventures. More here.
Reshape Automation, a 1-year-old Moraga, CA startup that provides an industrial automation deployment platform for manufacturers and warehouses, raised a $5.0 million Seed led by Ironspring Ventures with participation from Haystack Ventures, Supply Chain Ventures, Remus Capital, Expansion VC, Schematic Ventures, and Bee Partners. More here.
Smaller Fundings
Track3D, a 2-year-old Milpitas, CA startup that provides a visual data platform for construction project management, raised a $4.3 million Seed led by Endiya Partners with participation from Shadow Ventures and Monta Vista Capital. More here.
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