Dear Friend,

As late August 2025 unfolds, mobility witnesses a convergence of autonomous systems and emerging market expansion, with Nuro closing a substantial $203 million Series E at a $6 billion valuation backed by Nvidia and Uber to accelerate autonomous delivery and robotaxi partnerships, while Indonesia's Blitz Electric Mobility secures strategic funding from Malaysia-based Vynn Capital to expand EV logistics across 30 Indonesian cities, and Macquarie Group raises $405 million from global investors including South Korea's Green Climate Fund for its India EV leasing platform, demonstrating how mobility innovation increasingly targets global markets beyond traditional tech hubs.

The energy transition reaches unprecedented scale with over $15.4 billion in announced deals—dominated by Black Hills Corp. and NorthWestern Energy's transformative all-stock merger creating a regulated utility serving 2.1 million customers across eight states while targeting data center opportunities, complemented by strategic infrastructure partnerships like Energy Vault's global agreement with Turkey's Astor Enerji for battery energy storage system deployments totaling 2 GWh, and Silicon Ranch's collaboration with Central Electric to build a 100-megawatt solar farm supporting Meta's first South Carolina data center, signaling how utilities and tech giants are forging new alliances to meet surging energy demands.

Physical AI experiences remarkable funding velocity with nearly $3 billion in disclosed investments and acquisitions—headlined by FieldAI's massive $405 million raise quadrupling its valuation to $2 billion with backing from Bezos Expeditions and Nvidia's NVentures for universal robot brains, Serve Robotics' strategic $240 million acquisition of Vayu Robotics to enhance AI-powered autonomous delivery using foundation models, and diverse applications spanning from Eight Sleep's $100 million raise for AI-powered sleep optimization to Foxconn's $10 million investment in Hong Kong's Robocore Technology for elderly care expansion, while Samsung-backed Axelera AI seeks €150 million for edge AI processors, illustrating how physical AI solutions are rapidly expanding across healthcare, logistics, defense, and consumer markets.

Stay sharp,

Mobility

1. Nuro Closes $203 Million Series E with Nvidia and Uber Backing
Self-driving vehicle startup Nuro secured $203 million in Series E funding at a $6 billion valuation, with new investors Nvidia and Uber joining the round to accelerate deployment of autonomous delivery vehicles and robotaxi partnerships.
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2. Blitz Electric Mobility Secures Pre-Series A Investment Led by Vynn Capital
Indonesia's leading EV logistics enabler closed a Pre-Series A funding round led by Malaysia-based Vynn Capital, with participation from notable backers including former Andreessen Horowitz GP Balaji Srinivasan, positioning the company to expand across 30 Indonesian cities.
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3. AEye and Black Sesame Technologies Sign Strategic Cooperation Agreement
Lidar technology pioneer AEye partnered with Black Sesame Technologies to develop AI-based obstacle detection systems for China's high-speed railway networks, marking AEye's expansion into the world's largest lidar market.
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4. Macquarie Raises $405 Million for India EV Leasing Platform
Macquarie Group's infrastructure arm raised $405 million from global funds including South Korea's Green Climate Fund, Australian Ethical Investment, and Allianz Global Investors for its electric vehicle financing platform in India.
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Energy Transition

1. Energy Vault, Turkey’s Astor Enerji Launch Global Strategic Partnership with BESS Deployments
Energy Vault Holdings, a global leader in grid-scale energy storage solutions, and Astor Enerji, a leading global manufacturer of high-quality power transformers and high-voltage equipment, announced the signing of a Global Strategic Agreement to strengthen global supply chains for battery energy storage systems (BESS) and accelerate the deployment of large-scale energy storage and grid infrastructure across multiple markets.
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2. Silicon Ranch Partners with Central Electric for 100-MW Solar Farm 
Silicon Ranch, owner and operator of one of the nation’s largest fleets of solar facilities and a community-focused energy infrastructure company, will partner with Columbia-based Central Electric Power Cooperative to build a 100-megawatt solar farm that will support Meta’s first data center in South Carolina.
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3. Avangrid and SmartestEnergy Sign Contract for Power from Two New Hampshire Energy Projects
Avangrid, Inc., a leading energy company and member of the Iberdrola Group, today announced that it has signed a contract with SmartestEnergy, the global provider of renewable energy solutions for businesses, for power from two Avangrid energy projects in New Hampshire.
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4. Black Hills-NorthWestern Energy Merger
Black Hills Corp. and NorthWestern Energy Group announced a $15.4 billion all-stock merger creating a regulated electric and natural gas utility serving 2.1 million customers across eight states, with the combined company targeting data center opportunities and grid expansion investments.
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Physical AI

1. FieldAI raises $405 million for Universal Robot Brains
Irvine-based startup developing foundational embodied AI models that enable robots to operate safely across industrial environments, quadrupling its valuation to $2 billion with backing from Bezos Expeditions, Nvidia's NVentures, and Khosla Ventures.
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2. Stark Defense raises $62 million for AI-Powered Defense Drones
German drone manufacturer developing AI-powered defense systems and loitering munitions to boost valuation with fresh Sequoia Capital funding.
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3. Hong Kong Robot Startup Raises $10 Million From Foxconn To Power Elderly Care Expansion

Foxconn Technology Group, the world’s largest electronics manufacturer controlled by Taiwanese billionaire Terry Gou, has invested $10 million in Hong Kong-based robot startup Robocore Technology.
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4. Axelera AI looks to raise €150 million for Edge AI Processors
Samsung-backed Dutch AI chipmaker developing edge AI processors and inference solutions for industrial applications is seeking Series C funding.
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5. Automated Industrial Robotics Acquires Owens Design
Automated Industrial Robotics announced the acquisition of Owens Design, a Fremont, California-based industrial automation company with deep experience developing custom solutions for customers in high-tech industries.
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6. Eight Sleep Secures $100 Million to Accelerate AI‑Powered Sleep Optimization
Eight Sleep, the world’s first sleep‑fitness company, today announced it has raised $100 million in new funding to accelerate the company’s vision of transforming the bed into an AI-powered sleep-optimization and preventive health device.
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7. Serve Robotics Acquires Vayu Robotics for Enhanced AI-Powered Autonomous Delivery
Serve Robotics, the autonomous sidewalk delivery company spun off from Uber, acquired Vayu Robotics in a deal valued at approximately $240 million to accelerate safer and more adaptable last-mile delivery capabilities using AI foundation models.
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Information provided by Mavka Capital. Securities are offered through Finalis Securities LLC, a member of FINRA/SIPC. Mavka Capital and Finalis Securities LLC are separate, unaffiliated entities. The information contained in this message does not constitute legal advice and should not be considered an offer to purchase or a solicitation to sell securities or any other financial instruments; it is for informational purposes only.