Scheduled Shipment #43

Wayve begins self-driving tests in San Francisco, the Cybertruck is the third best-selling EV, FAA makes a positive eVOTL ruling

Happy Friday!

It’s been a jam-packed week. Robot love is in the air: Path Robotics just raised $100 million to provide robotic welding systems. Matter Venture Partners co-led the round; this is the fund’s seventh investment since raising its $300 million Fund I earlier this year. 17 startups raised a combined $378 million.

Let’s dig in.

Building, fundraising, or hiring in supply chain / industrial tech? I’d love to help! Get in touch.

Top News

Wayve begins testing its self-learning automated driving software in San Francisco.

Tesla’s Cybertruck becomes the third best-selling EV in America behind the Model 3 and Model Y.

The FAA clears the way for electric vertical takeoff and landing (eVOTL) vehicles with new ruling.

Massive Fundings

Path Robotics, a 10-year-old Columbus, OH startup that provides an AI-enabled robotics welding platform, raised a $100.0 million financing led by Matter Venture Partners and Drive Capital with participation from Yamaha Ventures, Taiwania Capital, MediaTek, Catapult Ventures, Gaingels, Addition, Tiger Global, and Basis Set. More here.

Agrolend, a 4-year-old Sao Paulo, Brazil startup that provides a digital lending platform for agricultural businesses, raised a $53.0 million Series C led by Creation Investments and Syngenta Group Ventures with participation from Vivo Ventures, L4, Norinchukin Bank, Valor Capital, Lightrock, Yara Growth Ventures, and SP Ventures. More here.

BasiGo, a 3-year-old Nairobi, Kenya startup that provides an electric public transportation platform in Africa, raised a $42.0 million Series A led by Africa50 with participation from Novastar Ventures, CFAO Kenya, Mobility54, SBI Investment, Trucks VC, Moxxie Ventures, and Susquehanna Foundation. More here.

Interos, a 19-year-old Arlington, VA startup that provides a supply chain risk intelligence platform, raised a $40.0 million financing led by Blue Owl Capital. More here.

Stellapps, a 13-year-old Bangalore, India startup that provides a dairy supply chain digitization platform via IoT technology, raised a $26.0 million Series C from Blume Ventures, Bill & Melinda Gates Foundation, IDH Farmfit Fund, 500 Startups, and Blue Ashva Capital. More here.

Pantheon AI, a 1-year-old San Francisco, CA startup that provides an AI-powered office design platform, raised a $25.0 million Seed led by Andreessen Horowitz with participation from Felicis and 8VC. More here.

Mid-Size Fundings

Furno, a 4-year-old Mountain View, CA startup that produces low-carbon cement, raised a $20.0 million grant led by the Department of Energy. More here.

BiltOn, a 6-year-old Tel Aviv, Israel startup that provides construction operations & risk management software, raised a $15.0 million Series B led by PSG Equity with participation from Titan Capital and 97212 Ventures. More here.

Freeform, a 6-year-old Hawthorne, CA startup that provides 3D printed metals, raised a $14.0 million Seed led by Nvidia and AE Ventures. More here.

FarmDroid, a 6-year-old Vejen, Denmark startup that provides autonomous, solar-powered agricultural robots for weed control, raised an $11.6 million financing led by Convent Capital with participation from EIFO and Navus Ventures. More here.

Conflux Technology, a 9-year-old Geelong, Australia startup that produces heat exchangers designed with additive manufacturing technology, raised an $11.0 million Series B led by Breakthrough Victoria with participation from AM Ventures and Acorn Capital. More here.

BuildPass, a 3-year-old Melbourne, Australia startup that provides an AI-powered construction site management platform, raised a $7.5 million Seed led by Carthona Capital with participation from Saniel Ventures, Tom Preston-Werner, Recursive Ventures, Horizon Ventures, and Massive Tech Ventures. More here.

Smaller Fundings

Pargo, a 9-year-old Cape Town, South Africa startup that provides a click-and-collect fulfillment solution for ecommerce brands, raised a $4.0 million financing from 3Capital Ventures, Endeavor, SAAD Investment Holdings, and UW Ventures. More here.

Nevoya, a 1-year-old Santa Monica, CA startup that provides electric trucking services, raised a $3.0 million Seed led by Third Sphere and RedBlue Capital with participation from Necessary Ventures, Ciri Ventures, and Never Lift. More here.

Optiwise, a 2-year-old Newark, CA startup that provides an optimization platform for Walmart sellers, raised a $2.4 million Seed led by StartupXseed Ventures. More here.

BackOps, a 2024-founded San Francisco, CA startup that provides an AI-driven platform for automating logistics operations, raised a $2.0 million Pre-Seed led by Gradient Ventures with participation from 10VC. More here.

Turnover Labs, a 2-year-old New York, NY startup that converts CO2 manufacturing waste into valuable chemicals, raised a $1.4 million Pre-Seed led by GC Ventures and Pace Ventures with participation from Collaborative Fund, Gigascale Capital, Impact Science Ventures, and Sandy Spring Climate Partners. More here.

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