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- Scheduled Shipment #64
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
People act like autonomous logistics is still this far future concept, but the reality is that it’s already here! People are severely discounting how much this is going to change their lives and the entire commerce industry.
— Garrett Scott 🕳 (@thegarrettscott)
2:07 PM • Mar 24, 2025
EP81 - it's Defense Day. Here are our guest call-ins:
- @zebulgar (Founders Fund/Varda)
- @StevenSimoni (Allen Control Systems)
- @AJ_Piplica (Hermeus)
- @ConnorLoveCA (LVP)
- @2112Power (Hadrian)
- @aphysicist (Atomic Industries)
- @dkrajendra (Deterrence)
- @CameronLMcCord— TBPN (@tbpn)
4:19 PM • Mar 27, 2025
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.
Thanks for Reading!
-Greg
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