⚡💰$10B Clean Energy Surge

UK-Japan Partnership Leads Revolution

Dear Friend,

As mid-July 2025 unfolds, mobility witnesses a surge in autonomous systems and micromobility, with Rivian spinoff Also Inc. raising $200 million to reach a $1 billion valuation in micromobility, while Motor Ai's $20 million seed round advances autonomous driving software focused on compliance and safety, and Renault's Ampere subsidiary partners with Chinese investors to launch an electric vehicle industry investment fund targeting batteries and smart driving systems.

The energy transition leads with unprecedented scale—Saudi Arabia's $8.3 billion renewable energy agreements for 15 gigawatts of capacity and the UK's $10 billion clean energy partnership with Sumitomo Corporation for offshore wind and hydrogen projects by 2035 demonstrate how nations are betting billions on clean infrastructure. Cross-border collaboration dominates as Masdar and Iberdrola finalize a €5.2 billion offshore wind deal for the 1.4 GW East Anglia THREE project, marking one of the decade's largest wind transactions, while strategic supply chain moves like GM-backed EnergyX's acquisition of 35,000 acres in Arkansas's lithium-rich Smackover formation signal a race to secure critical battery materials domestically.

Physical AI experiences remarkable funding momentum with over $476 million in disclosed investments—led by Chinese robotics company Galbot's $151 million raise to deploy semi-humanoid G1 robots globally, TARS completing a $122 million Angel+ round backed by Meituan, and Robot Era's $69 million Series A to advance humanoid robotics mass production, while Intel's RealSense completes its $50 million spinout to accelerate AI-powered vision technology for robotics and biometrics.

Stay sharp,

Vitaly Golomb
Managing Partner
Mavka Capital

Mobility

1. Rivian spinoff Also raises $200M
Also Inc., the micromobility startup spun out of Rivian, raised $200 million from Greenoaks Capital, bringing its post-money valuation to $1 billion.

2. Donut Lab raises €25 million

Finnish e-motor startup Donut Lab raised €25 million ($29.2 million) in seed funding led by Risto Siilasmaa for its plug-and-play EV motor platform.

3. Motor Ai raises $20M

Berlin-based Motor Ai raised $20 million in seed funding led by Segenia Capital to develop autonomous driving software focused on compliance and safety.

4. Renault Ampere EV Fund Launch
Renault’s EV subsidiary Ampere partnered with Chinese investors to launch an electric vehicle industry investment fund, targeting batteries, smart driving systems, and automotive tech innovations.

5. HCLTech and Astemo Cypremos Partner to Advance Autonomous Vehicles
HCLTech announced a strategic partnership with Astemo Cypremos to support the transition toward autonomous mobility solutions, reflecting continued investment in software-defined vehicle engineering and cloud platforms.

Energy Transition

1. UK signs $10 billion clean energy investment deal with Sumitomo Corporation
The UK government secured a deal with Japan's Sumitomo Corporation for £7.5 billion ($10 billion) in investments focused on offshore wind and hydrogen projects by 2035.

2. Saudi Arabia signs $8.3 billion renewable energy deals
Saudi Arabia signed power purchase agreements worth $8.3 billion with an ACWA Power-led consortium for seven renewable energy projects totaling 15 gigawatts capacity, marking the largest single-phase renewable energy capacity globally.

3. EnergyX Lithium Acquisition
GM-backed EnergyX acquired 35,000 acres in the lithium-rich Smackover brine formation to expand U.S. domestic battery metal supplies, strengthening its position in the energy storage supply chain.

4. Tulum Energy Raises €22.9 Million for Low-Carbon Hydrogen Production
Milan-based startup Tulum Energy secured €22.9 million in seed funding co-led by TDK Ventures and CDP Venture Capital to advance its scalable methane pyrolysis technology for clean hydrogen production.

5.  Masdar and Iberdrola Announce €5.2 Billion UK Offshore Wind Deal
Masdar and Iberdrola finalized a €5.2 billion co-investment agreement for the 1.4GW East Anglia THREE wind farm off the UK coast, marking one of the largest offshore wind transactions of the decade.

6. Masdar and EnBW Sign Partnership MoU for Clean Energy Projects
Masdar and German utility EnBW signed a memorandum of understanding to develop offshore wind, battery storage, and green hydrogen projects in the UK and Germany.

Physical AI

1. Intel RealSense Spinout Raises $50M Series A
Intel's computer vision subsidiary RealSense completed its spinout and raised $50 million in Series A funding led by a semiconductor private equity firm with participation from Intel Capital and MediaTek Innovation Fund to accelerate AI-powered vision technology for robotics and biometrics.

2. Galbot Secures $151M for Embodied AI Robot Deployment
Chinese robotics company Galbot raised $151 million led by CATL and Puquan Capital to accelerate global deployment of its semi-humanoid G1 robots equipped with advanced embodied AI models for retail and industrial applications.

3. Robot Era Closes $69M Series A for Humanoid Robotics
Chinese humanoid robotics startup Robot Era, a Tsinghua University spinout, raised nearly 500 million yuan ($69 million) in Series A funding led by CDH Investments and Haier Capital to advance embodied AI technology and mass production of humanoid robots.

4. DEEP Robotics Raises Nearly $70M for Embodied AI
Hangzhou-based DEEP Robotics closed nearly 500 million yuan (approximately $70 million) in new funding to accelerate development of its embodied AI quadruped robots and expand commercialization efforts.

5. BYD and HKUST Launch Joint Embodied AI Lab
BYD Auto and The Hong Kong University of Science and Technology established the "HKUST-BYD Joint Lab for Embodied AI" with tens of millions of Hong Kong dollars in funding to advance robotics and intelligent manufacturing research.

6. CoreWeave to Acquire Core Scientific
CoreWeave (NASDAQ: CRWV), the AI Hyperscaler™, and Core Scientific (NASDAQ: CORZ), a leading data center infrastructure provider, today announced that they have signed a definitive agreement under which CoreWeave will acquire Core Scientific in an all-stock transaction.

7. Augmentus Raises $11 Million for No-Code Robotics Platform
Singapore-based Augmentus secured $11 million in Series A+ funding led by Woori Ventures to scale its AI-powered no-code robotics platform that reduces robot programming time by 90% for manufacturing automation tasks.

8. Tars Completes $122 Million Angel+ Round
China’s embodied AI startup TARS (Trusted AI and Robotics Solution) announced the completion of a $122 million Angel+ funding round, led by Meituan’s strategic investment arm.

9. Tencore Raises $3.7 Million for Ground Robotics

Ukrainian ground robotics manufacturer Tencore secured $3.74 million from Ukrainian-American investment group MITS Capital at a $40-50 million valuation to scale production of its TerMIT unmanned ground vehicles.

  

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