Dear Friend,

As May 2025 unfolds, three seismic shifts dominate sustainable technology: grid modernization at scale, robotaxi networks going global, and physical AI redefining industrial workflows.

The mobility sector surges forward as Uber commits an additional $100 million to expand its robotaxi partnership with China's WeRide, targeting 15 new cities across Europe. Zoox accelerates autonomous vehicle production in California's Bay Area, while CATL secures nearly $4 billion to establish a Hungarian battery plant supplying European automakers. Strategic consolidation continues with Geely finalizing its acquisition of EV subsidiary ZEEKR, alongside Stellantis launching hybrid Fiat 500 production in Turin.

Energy infrastructure dominates investment as the UK allocates £1.35 billion to ScottishPower's transmission projects and £600 million to Iberdrola's grid upgrades, addressing renewable curtailment. Innova sells its 25MW Tolldish Hall Solar Farm to Schroders Greencoat, while Google extends its Power Purchase Agreement with Shell for 108MW from the NoordzeeWind offshore farm.

Physical AI breakthroughs accelerate with Orca AI securing $72.5 million for autonomous shipping systems and Toloka raising $72 million to scale AI training data platforms. OpenAI expands its Stargate supercomputing initiative through global partnerships, while Bosch Ventures launches $270 million deep tech fund.

Stay sharp,

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Mobility

1. Geely to Take EV Unit ZEEKR Private at a Value of $6.5 Billion
Geely Automobile Holdings revealed plans to acquire the remaining 34.3% of its electric vehicle subsidiary ZEEKR, which it does not currently own, in a deal valued at approximately $6.52 billion. The move aims to streamline operations and reduce costs within the company.
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2. CATL Plans $4 Billion Hong Kong Listing to Fund European Expansion

Chinese battery manufacturer CATL announced plans to raise at least $3.99 billion through a Hong Kong Stock Exchange listing. Approximately 90% of the proceeds will fund the construction of a new battery factory in Hungary, aiming to supply European automakers such as BMW, Stellantis, and Volkswagen.
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3. Uber Invests $100M in WeRide

Uber has increased its investment in Chinese autonomous vehicle company WeRide by $100 million to expand their robotaxi partnership to 15 more cities across five years, with a focus on European markets.
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4. BluSmart Investors Propose $30M Funding Package

A group of existing investors have proposed injecting $30 million into Indian EV cab-hailing startup BluSmart to revive operations after its sudden shutdown, contingent on co-founder Anmol Singh Jaggi's resignation from the board.
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5. Amazon's Zoox to Scale Robotaxi Production  

Amazon's self-driving startup Zoox plans to increase production next year as it prepares for commercial rollout of its robotaxi fleet in the U.S., establishing a new facility in California's Bay Area to eventually produce thousands of vehicles.
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6. Stellantis to Begin Hybrid Fiat 500 Production in November 2025
Stellantis announced that production of the hybrid Fiat 500 will commence in November 2025 at its Mirafiori plant in Turin, Italy. This initiative is part of the company's strategy to revitalize the Fiat brand in Europe and boost production levels in Italy.
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Energy Transition

1. £1.35 Billion Financing Package for UK Grid Upgrades

A consortium led by Bank of America secured £1.35 billion ($1.7 billion) to fund seven UK transmission projects by ScottishPower, aiming to reduce grid constraints and support renewable energy integration.

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2. UK National Wealth Fund Commits £600 Million to Iberdrola’s Grid Modernization

The UK’s National Wealth Fund pledged £600 million ($797 million) to Iberdrola’s ScottishPower subsidiary for electricity grid upgrades, prioritizing renewable energy expansion and system resilience.

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3. Breathe Raises $21M in Series B

Battery software startup Breathe secured $21 million in Series B funding led by Kinnevik Online AB, with participation from Lowercarbon Capital and Volvo Cars Tech Fund.
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4. Innova Completes Sale of 25MW Solar Farm to Schroders Greencoat

Innova finalized the sale of its Tolldish Hall Solar Farm (25 MW) in the UK to Schroders Greencoat, marking its sixth solar project sale under its partnership to advance grid-connected renewables.
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5. Google and Shell Extend NoordzeeWind Offshore Wind Farm Partnership Google signed a Power Purchase Agreement with Shell to extend the NoordzeeWind offshore wind farm’s operations by five years, securing 108 MW of renewable energy for the Dutch grid and corporate use.
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Physical AI

1. AMETEK to acquire FARO Technologies in deal valued at $920 million

Industrial tools maker AMETEK will acquire FARO Technologies, at an enterprise value of about $920 million, the two companies said on Tuesday, sending the target firm's shares soaring 36% before the bell.
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 2. Bosch Ventures Launches $270M Fund

Bosch Ventures has established a new $270 million fund that will continue its tradition of investing in deep tech startups, with plans to increase investments in North American startups according to managing director Ingo Ramesoh.
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3. Orca AI Secures $72.5M to Advance Autonomous Shipping

Maritime technology company Orca AI raised $72.5 million in Series B funding led by Brighton Park Capital to enhance its autonomous shipping platform and expand into defense and security sectors.

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4. Toloka Lands $72M Led by Bezos Expeditions for AI Data Solutions

AI data solutions company Toloka received $72 million in funding led by Bezos Expeditions to scale its platform for training and evaluating AI models with human input.
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5. OpenAI Expands Stargate Project Globally with up to Ten National Partnerships

Building on its Stargate supercomputing initiative, OpenAI is seeking formal collaborations with up to ten countries to co-invest in large-scale AI data centers, aiming to support local industry growth, provide tailored AI solutions, and reinforce democratic AI values, with initial pilot agreements already signed in Nigeria, Chile, and Indonesia.
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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.