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- 🦄 A Robot Unicorn
🦄 A Robot Unicorn
Spin-outs, funding, acquisitions, and a bankruptcy sale
Dear Friend,
This week, Continental AG's automotive spin-off secured €1.5 billion in pre-separation funding, reflecting growing investor interest in specialized mobility technologies amid industry-wide restructuring. In renewable energy markets, we're witnessing unprecedented momentum, with Vast Renewables securing AUD180 million for concentrated solar thermal power in Australia. Meanwhile, physical AI reached new valuation heights as Dexterity captured $95 million in fresh funding at a $1.65 billion valuation, underscoring how AI-powered robotics companies continue to attract premium valuations.
Your insights enrich this ongoing conversation. Thank you for engaging, and may this edition inspire fresh perspectives.
Warm wishes, Vitaly Golomb |  |
Mobility
1. Continental AG's supervisory board approves spin-off for automotive business
Continental AG's supervisory board has officially approved plans to separate its automotive division, which will be provided with €1.5 billion in funding before completion of the spin-off.
2. Nikola's bankruptcy sale approaching a March 17 deadline
Nikola CEO Steve Girsky and Chief Financial Officer Tom Okray are facing a March 17 deadline for receipt of a stalking horse bid for the bankrupt truck maker.
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Energy Transition
1. Vast Secures AUD180 Million for Clean Energy Project in South Australia
Vast Renewables Limited has secured up to AUD180 million in conditional funding from the Australian Renewable Energy Agency for its concentrated solar thermal power project that will deliver clean power to South Australia's grid and support green fuels production.
2. Tandem PV Raises $50 Million for Solar Panel Manufacturing
Tandem PV, a perovskite-based solar panel developer, has secured $50 million in Series A and debt funding to construct a commercial-scale manufacturing facility in the U.S. and accelerate the adoption of its solar panels.
3. Wang & Lee Group Acquires SolarHK
Wang & Lee Group has acquired solar energy company SolarHK through an allotment of shares valued at approximately HK$15 million (~$1.9 million), creating synergies between WLG's lithium-ion battery research and SolarHK's solar technology.
Physical AI
1. Dexterity Raises $95 Million, Valued at $1.65 Billion
Physical AI and robotics provider Dexterity has closed a $95 million funding round led by Lightspeed Venture Partners and Sumitomo Corporation, raising the company's total valuation to $1.65 billion.
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.