Dear Friend,

Last week was hot in mobility. Infineon Technologies' strategic $2.5 billion acquisition of Marvell's automotive Ethernet business signals intensifying competition for connected vehicle infrastructure, while autonomous trucking pioneer Kodiak Robotics prepares to enter public markets through a SPAC merger with Ares Acquisition Corporation II at a $2.5 billion valuation. Simultaneously, Enghouse Systems' acquisition of Mobility-as-a-Service platform provider Trafi highlights the race to integrate fragmented urban transportation systems into cohesive digital platforms that promise to transform how cities move.

In Energy Transition, Apollo Global Management's decisive $400 million commitment to Summit Ridge Energy for community solar and battery storage deployment across America comes alongside Mainspring Energy's impressive $258 million Series F raise—capital flows that underscore institutional investors' growing confidence in distributed energy solutions that promise both resilience and sustainability in our increasingly volatile climate.

Physical AI advances with remarkable momentum as Agility Robotics closes a $400 million funding round to accelerate mass production of its bipedal Digit warehouse robots, while surgical robotics innovator CMR Surgical secures over $200 million to expand its Versius system globally. NVIDIA's transformative vision, unveiled at what CEO Jensen Huang called "the Super Bowl of AI," connects agentic AI to physical systems through its Omniverse platform, while its collaboration with Accenture and Schaeffler demonstrates how digital twins and next-generation chips will revolutionize manufacturing from simulation to autonomous operation.

Stay tuned.

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Mobility

1. Infineon Acquires Marvell’s Automotive Ethernet Business for $2.5 Billion
Infineon Technologies announced the acquisition of Marvell's automotive Ethernet business for $2.5 billion, enhancing its capabilities in energy-efficient vehicle networking solutions.
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2. Kodiak Robotics to go public via SPAC merger
Autonomous trucking startup Kodiak Robotics announced plans to go public through a merger with Ares Acquisition Corporation II, valuing the company at $2.5 billion and securing over $110 million in new and existing investor commitments.
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3. Enghouse acquires Trafi to enhance Mobility-as-a-Service solutions
Enghouse Systems Limited acquired Trafi, a leading provider of Mobility-as-a-Service (MaaS) platforms, to expand its transportation mobility solutions and integrate multi-modal transport options for cities worldwide.
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Energy Transition

1.  Apollo Commits $400 Million to Summit Ridge Energy
Apollo Global Management committed $400 million to Summit Ridge Energy to support the development of community solar projects and battery storage systems across the United States.
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2.  Mainspring Energy Secures $258 Million Series F Funding
Mainspring Energy raised $258 million in a Series F funding round, aiming to expand its linear generator technology for distributed power generation.
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3. Alphabet and Nvidia Invest in Safe Superintelligence (SSI)
Alphabet and Nvidia have invested in Safe Superintelligence (SSI), an AI startup co-founded by OpenAI's former chief scientist Ilya Sutskever. Valued at $32 billion, SSI is rapidly becoming a prominent AI research company.
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4. Northland Power Achieves Financial Close on 80MW/160MWh Jurassic BESS in Alberta
Northland Power reached financial close for its 80MW/160MWh Jurassic battery energy storage project in Cypress County, Alberta, Canada.
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Physical AI

1. Andreessen Horowitz Seeks $20 Billion AI Megafund
Venture capital firm Andreessen Horowitz is aiming to raise a record $20 billion fund to invest in growth-stage U.S. artificial intelligence companies, reflecting surging global investor interest in the sector.
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2. Alphabet and Nvidia Invest in Safe Superintelligence (SSI)
Alphabet and Nvidia have invested in Safe Superintelligence (SSI), an AI startup co-founded by OpenAI's former chief scientist Ilya Sutskever. Valued at $32 billion, SSI is rapidly becoming a prominent AI research company.
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3.  LiveKit Raises $45 Million Series B for Real-Time AI Communication
LiveKit, which provides open-source software for real-time audio and video interactions, secured $45 million in Series B funding to expand its AI-powered communication infrastructure.
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4. Xaba Raises $6M to Scale AI ‘Synthetic Brains’ for Industrial Robots
Xaba secured a $6 million seed extension led by Hitachi Ventures to accelerate deployment of its AI-powered, zero-code industrial robotics and cognitive control systems for manufacturing automation.
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5.  Hugging Face Acquires Pollen Robotics to Promote Open-Source AI Robots
Hugging Face, known for hosting open-source AI models, has acquired Pollen Robotics, the creator of the humanoid robot Reachy 2.
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6. IBM Acquires Hakkoda to Expand AI Consultancy and Snowflake Support
IBM acquired Hakkoda, a leading Snowflake partner, to strengthen its AI consulting capabilities and expand enterprise support for AI-driven data solutions.
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