Dear Friend,

This week the mobility sector accelerates with X-Bow Systems securing $105 million in Series B funding led by Lockheed Martin to expand production of advanced solid rocket motors and defense technologies. Breathe Battery Technologies raised $21 million to enhance electric vehicle performance with its expanded software toolchain including simulation software and performance mapping services. Meanwhile, ZeroAvia targets $150 million in Series C funding to commercialize its hydrogen-electric aviation technology, backed by strategic partners like American Airlines and Airbus.

Energy infrastructure investment reaches new heights as Blackstone Infrastructure Partners acquires utility provider TXNM Energy for $5.7 billion, strengthening its position in the growing US power sector. ReNew Energy Global commits $2.57 billion to develop a massive hybrid renewable project in India combining 1.8 GW of solar with 1 GW of wind capacity and 1.8 GW of battery storage. Distributed energy solutions advance globally with World Bank approving $350 million for Malawi's Mpatamanga Hydropower Project, Singapore-based VFlowTech securing $20.5 million for vanadium battery production in India, and Sun King obtaining an $80 million naira-denominated loan to expand off-grid solar access in Nigeria.

Physical AI breakthroughs intensify with China investing over $20 billion in humanoid robot development, launching 36 models in 2024 alone while achieving 90% local component production. NVIDIA powers this revolution with its updated Isaac GR00T N1.5 foundation model for humanoid robots, providing comprehensive development platforms for robot cognition and control. Meanwhile, RoboForce introduces its industrial-grade AI robot "Titan" alongside $15 million in total funding, designed for real-world deployment in challenging outdoor environments.

Stay sharp,

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Mobility

1. X-Bow Systems Announces Final Closing of Over $105 Million Series B Funding
X-Bow Systems closed a $105 million Series B to boost production of solid rocket motors and advanced defense tech. The round included key industry investors and will support expansion and new contracts.
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2. Breathe Raises $21 Million, Launches New Battery Software Toolchain Products
Breathe Battery Technologies raised $21 million in Series B funding led by Kinnevik AB and Lightrock. The company launched new battery software toolchain products to enhance EV and electronics battery performance.
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3. ZeroAvia Targets $150 Million Funding Round for Hydrogen Aviation ZeroAvia is seeking $150 million in Series D funding to commercialize its hydrogen fuel-cell aircraft engines. The company is in talks with strategic and financial investors, aiming for a lead investor by June.
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Energy Transition

1. Blackstone Infrastructure Partners Acquires TXNM Energy for $5.7 Billion
Blackstone Infrastructure Partners announced the $5.7 billion acquisition of New Mexico utility owner TXNM Energy Inc., expanding its presence in the US power sector amid surging electricity demand.

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2. ReNew Energy Global to Invest $2.57 Billion in Hybrid Renewable Project in India
ReNew Energy Global announced a 220 billion rupee ($2.57 billion) investment to develop a hybrid renewable energy project in Andhra Pradesh, India, combining 1.8 GW of solar and 1 GW of wind energy.
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3. World Bank Approves $350 Million for Malawi Hydropower Storage Project

The World Bank approved a $350 million grant for a major hydropower storage project in Malawi, aiming to significantly boost the country’s electricity generation capacity.
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4. VFlowTech Raises $20.5 Million for Vanadium Battery Production in India Singapore-based VFlowTech secured $20.5 million to scale up production and distribution of its vanadium batteries in India, supporting the country’s clean energy transition.
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5. Sun King Secures $80 Million Loan to Expand Off-Grid Solar in Nigeria
Sun King, the world’s largest off-grid solar company, received an $80 million naira-denominated loan from IFC and Stanbic IBTC Bank to accelerate electrification efforts in Nigeria.
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6. Eku Energy secures £45 Million for Ocker Hill battery storage project in UK

Energy storage solutions provider Eku Energy has obtained debt financing exceeding £45 million for the construction of a new 99MW/198 megawatt-hour battery energy storage system (BESS) at Ocker Hill in the UK. Read more

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Physical AI

1.  RoboForce Introduces AI Robot "Titan" and Announces $15M in Total Funding

RoboForce announced an additional $5M in funding, bringing its total capital raised to $15M, alongside the introduction of its AI-powered robot "Titan" built for real-world industrial deployment in demanding outdoor environments, capable of achieving 1mm precision for fine-grained manipulation with a 40kg payload.
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2. China's Humanoid Push Exceeds $20 Billion in State Funding
China's aggressive development of AI-powered humanoid robots has received unprecedented state funding exc, eeding $20 billion, with additional trillion-yuan funds supporting AI and robotics startups, alongside data collection facilities like AgiBot's Shanghai warehouse whe)re robots are trained on real-world tasks.
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3. NVIDIA Powers Humanoid Robot Industry With Cloud-to-Robot Computing Platforms
NVIDIA announced NVIDIA Isaac GR00T N1.5, the first update to its open foundation model for humanoid robots, alongside GR00T-Dreams Blueprint for generating synthetic motion data, attracting adoption from robotics developers like Agility Robotics, Boston Dynamics, and XPENG Robotics.
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