Top News

Tesla earnings drop 71% year over year on weak sales and anti-Musk sentiment.

Flipkart is gearing up for an IPO.

Uber and Volkswagen partner to launch autonomous electric bus fleet.

Timeline

Massive Fundings

Mainspring Energy, a 15-year-old Menlo Park, CA startup that provides linear generator products for energy applications, raised a $258.0 million Series F led by General Catalyst with participation from Amazon's Climate Pledge Fund, DCVC, Temasek, Marunouchi Innovation Partners, M&G Investments, Pictet Group, Lightrock, LGT Bank, Khosla Ventures, and Gates Frontier. More here.

Electra.aero, a 5-year-old Manassas, VA startup that produces hybrid-electric passenger & cargo aircraft, raised a $115.0 million Series B led by Prysm Capital with participation from Lockheed Martin Ventures, Honeywell, Safran, Statkraft Ventures, and Virginia Innovation Partnership Corporation. More here.

Revel, a 1-year-old Los Angeles, CA startup that provides a comprehensive hardware control platform, raised a $30.0 million Series A led by Thrive Capital with participation from Felicis Ventures, Abstract Ventures, Dylan Field, Earthrise Ventures, and Commodity Capital. More here.

Yarbo, a 10-year-old Ronkonkoma, NY startup that develops yard work robots, raised a $27.0 million Series B from undisclosed investors. More here.

Mid-Size Fundings

UbiQD, an 11-year-old Los Alamos, NM startup that provides quantum dot technology for the agriculture and energy sectors, raised a $20.0 million Series B led by Phoenix Venture Partners with participation from Builders VC, Azura Group, Builders Vision, Stout Street Capital, Seraph Partners, Scout Ventures, and New Mexico Vintage Fund. More here.

Irrigreen, a 15-year-old Edina, MN startup that provides robotic irrigation systems, raised a $19.0 million Series A from Natural Ventures, Burnt Island Ventures, Ulu Ventures, MFV Partners, Tamiami, and Sum Ventures. More here.

Doss, a 3-year-old San Francisco, CA startup that provides an AI-powered ERP platform, raised an $18.0 million Series A led by Theory Ventures. More here.

RepAir Carbon, a 5-year-old Yokneam, Israel startup that develops carbon capture machines, raised a $15.0 million Series A Extension led by Extantia Capital with participation from Taranis Carbon Ventures, Ormat Technologies, and Repsol. More here.

RLWRLD, a 1-year-old Seoul, South Korea startup that provides foundational AI models for robotics, raised a $14.8 million Seed led by Hashed with participation from Mirae Asset Venture Investment and Global Brain. More here.

Blue Water Autonomy, a 1-year-old Boston, MA startup that develops autonomous ships, raised a $14.0 million Seed from Eclipse, Riot Ventures, and Impatient Ventures. More here.

frontline.io, a 10-year-old Miami, FL startup that provides an industrial employee training platform, raised a $10.0 million Series A led by FIT Ventures and Click Bond. More here.

Isembard, an 11-year-old London, UK startup that provides high-precision manufacturing services, raised a $9.0 million Seed led by Notion Capital with participation from 201 Ventures, Basis Capital, Forward Fund, Material Ventures, Neverlift Ventures, NP-Hard Ventures, Andreas Klinger, and Joshua Western. More here.

Xaba, a 3-year-old Toronto, Ontario, Canada startup that provides AI-powered robotics and cognitive control systems, raised a $6.0 million Seed Extension led by Hitachi Ventures with participation from Hazelview Ventures, BDC Capital, Exposition Ventures, and Impact Venture Capital. More here.

Smaller Fundings

Adaptavate, an 11-year-old Bristol, UK startup that provides low-carbon construction materials, raised a $3.6 million Pre-Series A from Undivided Ventures and Skreenhouse Ventures. More here.

Durin, a 1-year-old El Segundo, CA startup that provides automated drilling rigs for critical mineral exploration, raised a $3.4 million Pre-Seed led by 8090 Industries with participation from 1517, Andreessen Horowitz, Bedrock, Champion Hill, Contrary, Day One Ventures, and Lux Capital. More here.

PHNX Materials, a 1-year-old San Francisco, CA startup that produces low-carbon concrete material, raised a $2.5 million Seed led by Divergent Capital with participation from KdT Ventures, Overture, and Jane Woodward. More here.

MatBook, a 2-year-old San Francisco, CA startup that provides cross-border construction material procurement, raised a $750K Pre-Seed led by Seedstars International Ventures, Fluent Ventures, and Everywhere Ventures. More here.

Puna Bio, a 5-year-old Buenos Aires, Argentina startup that provides biological solutions for agriculture optimization, raised an undisclosed Series A led by Corteva Catalyst with participation from At One Ventures, SP Ventures, SOSV, Builders VC, and Dalus Capital. More here.

CHASSY, a 2-year-old Seattle, WA startup that provides a robotics testing, deployment, and operations platform, raised an undisclosed Pre-Seed led by Schematic Ventures. More here.

Exits

Andlauer Healthcare Group, a 34-year-old Ontario, Canada logistics provider for the healthcare industry, was acquired for $1.6 billion by UPS. More here.

Gulf Craft, a 60-year-old Franklin, LA provider of shipbuilding services, was acquired for an undisclosed amount by Saronic Technologies. More here.

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-Greg