💾 $90B Data Center Mega-Deals

Robotics and Embodied AI Also Surge Forward

November 18, 2025

Dear Friend,

As the second full week of November 2025 concludes, Physical AI gains momentum with Dexmal securing $138 million from Alibaba and Nio Capital for embodied AI robots, while Duravant acquires Matthews Automation for $230 million. AI infrastructure spending hits record levels with Anthropic committing $50 billion to Texas and New York data centers while Google invests $40 billion in Texas data center campuses through 2027.

Mobility accelerates with FedEx co-leading a $160 million Series C in Harbinger Motors for electric trucks and Teradar raising $150 million for autonomous vehicle radar-lidar sensors.

Energy transition scales globally as TotalEnergies invests $5.9 billion for 50% of Czech EPH's 14 GW flexible power portfolio, while ReNew Power secures $331 million from the Asian Development Bank for wind-solar hybrid projects.

Stay sharp,

Vitaly Golomb
Managing Partner
Mavka Capital

Physical AI

1. Chinese Robotics Startup Dexmal Lands $138M From Nio Capital and Alibaba
Alibaba and Nio Capital pour nearly $138 million into Dexmal's embodied AI robots across two back-to-back funding rounds.

2.  Duravant Snaps Up Matthews Automation for $230M to Dominate Warehouse Tech
Industrial automation giant Duravant acquires Matthews Automation Solutions for $230 million, beefing up its warehouse execution and control systems arsenal.

3. Foxglove Secures $40M Series B to Power Robotics Data Infrastructure
San Francisco's Foxglove raises $40 million led by Bessemer to expand its observability platform serving the Physical AI boom.

4.  Palladyne AI Creates Defense Powerhouse with $31M Triple Acquisition 
Palladyne AI acquires three defense manufacturing companies for $31 million, launching Palladyne Defense to bring autonomous systems and embodied AI to military applications. 

Sponsored by:

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Data Centers

1. Anthropic & Microsoft Unleash $50B+ AI Infrastructure Mega-Investments
Anthropic commits $50 billion to Texas and New York data centers while Microsoft expands its "super-computer network" with a new Atlanta facility.

2. Google Drops $40B on Texas Data Center Empire in Historic State Investment Google announces its largest-ever single-state commitment with $40 billion earmarked for three Texas data center campuses through 2027.

3. BlackRock and Spanish Giant ACS Launch €2B ($2.3B) Data Center Joint Venture BlackRock's infrastructure arm partners 50-50 with construction powerhouse ACS on a €2 billion portfolio spanning 1.7 GW across three continents.

4.  EDF and OpCore Transform French Coal Plant into €4B ($4.6B) AI Data Center 
French utility EDF and OpCore plan a €4 billion hyperscale data center on a former coal site, marking Europe's energy transition with first phase delivery in 2027.

5. Meta Pours $1B+ into Wisconsin for AI-Optimized Data Center Campus 
Meta commits over $1 billion to a 700,000-square-foot AI data center in Beaver Dam, creating 1,000+ construction jobs and 100 permanent roles.

Mobility

1. FedEx Co-Leads $160M Round in Harbinger's Electric Truck Revolution 
LA-based Harbinger Motors raises $160 million Series C with FedEx as co-lead investor and first customer, ordering 53 electric truck chassis for year-end delivery.

2.  Teradar Scores $150M for Radar-Lidar Fusion Sensor Breaking Autonomy Barriers 
Boston's Teradar raises $150 million Series B from Lockheed Martin Ventures and others to commercialize terahertz sensors combining radar and lidar for self-driving cars.

3. Japanese Autonomy Startup Turing Nearly Quadruples Valuation with $99M Round
Turing lands $99 million Series A including Toyota supplier Denso, rocketing its valuation to $388 million—almost 4x last year's mark.

4. Instant Delivery Unicorn Gopuff Raises $250M Despite 43% Valuation Haircut Philadelphia's Gopuff secures $250 million but sees valuation slashed to $8.5 billion from its $15 billion peak, reflecting tougher market conditions.

Sponsored by:

The New Enterprise Approach to Voice AI Deployment

A practical, repeatable lifecycle for designing, testing, and scaling Voice AI. Learn how BELL helps teams deploy faster, improve call outcomes, and maintain reliability across complex operations.

Energy Transition

1. Peregrine Energy Closes $317M Financing for Texas Battery Storage Megaproject 
Peregrine Energy Solutions secures $317 million from First Citizens Bank, Societe Generale, and Bildmore Clean Energy for massive Texas battery storage installation.

2.  ReNew Power Lands $331M From Asian Development Bank for Giant Hybrid Renewable Project 
Indian renewable giant ReNew Power secures $331 million ADB financing for an 837 MWp wind-solar hybrid with battery storage in Andhra Pradesh.

3. TotalEnergies Drops €5.1B ($5.92B) in All-Stock Deal for EPH Power Assets 
French energy giant TotalEnergies secures 50% of Czech EPH's 14 GW flexible power portfolio (gas, biomass, batteries) across five European markets in historic all-stock transaction, making EPH a 4.1% anchor shareholder while cutting annual capex by $1 billion.

4.  Sam Altman-Backed Exowatt Raises $50 Million for Thermal Energy Storage
Exowatt secures additional $50 million Series A led by MVP Ventures to manufacture thermal energy storage systems using heated material for AI infrastructure.

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