Scheduled Shipment #64

$798 million raised across 21 startups. 4 acquisitions and 1 SPAC.

Happy Friday.

Big week of funding for robotics, EVs, and AI! We also saw another vertical farming bankruptcy and a nuclear energy startup SPAC’d? Didn’t know we were still doing those.

$798 million raised across 21 startups. 4 acquisitions and 1 SPAC.

Let’s dig in.

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Top News

Vertical farming company Plenty files for bankruptcy after raising nearly $1 billion.

Revel, the micromobility company, opens the first EV fast-charging hub in San Francisco.

AI mineral discovery startups like KoBold and Earth AI find largest deposits in years.

Timeline

Massive Fundings

Fleetio, a 13-year-old Birmingham, AL startup that provides a fleet optimization platform, raised a $450.0 million Series D led by Elephant and Goldman Sachs Growth Equity. More here.

Also, a 2025-founded Palo Alto, CA startup that spun out of Rivian to provide micromobility services, raised a $105.0 million financing led by Eclipse. More here.

Apptronik, a 9-year-old Austin, TX startup that produces humanoid robots, raised a $53.0 million Series A Extension from undisclosed investors. More here.

CADDi, an 8-year-old Tokyo, Japan startup that provides a manufacturing data orchestration platform, raised a $38.0 million Series C Extension led by Atomico with participation from Global Brain and Minerva Growth. More here.

Manna, a 7-year-old Dublin, Ireland startup that provides drone delivery services, raised a $30.0 million financing led by Molten Ventures and Tapestry VC with participation from Enterprise Ireland, Coca-Cola, Dynamo Ventures, and Radius Capital. More here.

Greenlight Biosciences, a 17-year-old Boston, MA startup that provides next-generation biosolutions for agriculture, raised a $25.0 million Series C round led by Just Climate. More here.

Mid-Size Fundings

SkySpecs, a 13-year-old Ann Arbor, MI startup that provides renewable energy asset health management, raised a $20.0 million financing led by Goldman Sachs Alternatives with participation from Statkraft and Equinor Ventures. More here.

Contoro Robotics, a 3-year-old Austin, TX startup that provides AI-powered trailer and container unloading robots, raised a $12.0 million Series A from Doosan, Coupang, Amazon Industrial Innovation Fund, IMM, SV Investment, KB Investment, Kakao Ventures, and Future Play. More here.

Magenta Mobility, a 7-year-old Mumbai, India startup that provides fleet services for last mile delivery, raised an $11.5 million Pre-Series B led by BP Tech Ventures and Morgan Stanley India Infrastructure. More here.

Grow Indigo, a 7-year-old Mumbai, India startup that provides agriculture technology, raised a $10.0 million financing round led by British International Investment. More here.

Tera AI, a 2-year-old San Francisco, CA startup that provides a spatial reasoning system for robot navigation, raised a $7.8 million Seed led by Felicis, Inovia, Caltech + Wilson Hill, and Naval Ravikant. More here.

PULSETRAIN, a 3-year-old Munich, Germany startup that provides powertrain technology for electric vehicles, raised a $6.6 million Seed led by Vsquared Ventures and Planet A with participation from Climate Club. More here.

Kaiko Systems, a 5-year-old Berlin, Germany startup that provides frontline intelligence solutions for maritime and other heavy industries, raised a $6.5 million Series A led by Hi inov and Flashpoint Venture Growth with participation from Motion Ventures. More here.

Specter Automation, a 4-year-old Cologne, Germany startup that provides a 3D construction site management platform, raised a $5.4 million Seed Extension from Shilling VC, Almaz Capital, and PAWAO. More here.

Smaller Fundings

Grassa, aN 11-year-old Gelderland, Netherlands startup that produces protein extracted from grass, raised a $3.9 million financing from Oost NL, Fransen Gerrits, and Brightlands Venture Partners. More here.

Lumi AI, a 2-year-old Toronto, Canada startup that provides a supply chain planning and visibility platform, raised a $3.7 million Seed round led by AgFunder with participation from Forum Ventures, ADQ, and Qora71 syndicate. More here.

Aletiq, a 6-year-old Paris, France startup that provides product lifecycle management software for manufacturers, raised a $3.5 million financing led by Point Nine with participation from Entropy Industrial, Angel Invest, Carsten Thoma, Emmanuel Martin-Chave, Markus Ament, and Stéphane Albernhe. More here.

Evera, a 5-year-old Paris, France startup that provides an electric vehicle subscription service, raised a $2.2 million financing led by Groupe Magellim, with participation from Newfund NAEH Innopy, MCapital, AstoryaVC, and Eric Ibled. More here.

BlueShift, a 1-year-old Boston, MA startup that provides recycled critical minerals, raised a $2.1 million Pre-Seed from ConocoPhillips Company, Ridgeline, and Massachusetts Clean Energy Center. More here.

Valtec, a 2-year-old San Diego, CA startup that provides a sensor-based platform to improve commercial fishing efficiency, raised a $2.0 million Pre-Seed round led by SparkLabs Taiwan with participation from Wavemaker VC and DRONE FUND. More here.

Regrow, a 9-year-old San Francisco, CA startup that provides a software platform to reduce on-farm emissions, raised an undisclosed amount from SE Ventures. More here.

Exits

Terrestrial Energy, a 12-year-old Charlotte, NC startup that develops modular nuclear reactors, raised $280.0 million in a SPAC transaction. More here.

3GTMS, a 15-year-old Columbus, OH startup that provides transportation management solutions, was acquired for $115.0 million by Descartes Systems, the logistics technology provider. More here.

HercuWall, a 17-year-old Tempe, AZ startup that produces a panelized insulated wall system, was acquired for an undisclosed amount by Tremco, the commercial construction company. More here.

Tortuga Agtech, a 9-year-old Denver, CO vertical farming company, was acquired for an undisclosed amount by Oishii, the indoor vertical strawberry farm. More here.

Workpack, a 6-year-old Dallas, TX startup that provides an AI-powered construction takeoff platform, was acquired for an undisclosed amount by Beck Technology, the construction estimation software provider. More here.

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