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- 🛻 Rivian’s Micromobility Revolution Begins
🛻 Rivian’s Micromobility Revolution Begins
$105M Fuels Small EV Innovation
Dear Friend,
As March 2025 concludes, capital flows reveal striking convergence across mobility, energy, and physical AI. Rivian’s micromobility spinout Also secured $105 million to reimagine urban transport, while VARO Energy’s acquisition of Preem AB accelerates renewable infrastructure for mobility networks. In energy storage, Equis finalized $163 million for its Australian battery project, a linchpin for grid stability. Physical AI reached new frontiers as Arcade’s $25 million raise fused generative AI with artisanal manufacturing.
From XGS Energy’s $13 million geothermal breakthrough to Battery X Metals’ LIBRT acquisition for battery lifecycle innovation, strategic moves underscore a focus on vertical integration and scalable infrastructure. These deals highlight how investors are prioritizing technologies that bridge digital precision with physical-world impact—where resilience meets exponential growth.
Your perspectives shape this narrative. Thank you for being part of the dialogue.
Warm wishes, Vitaly Golomb |  |
Mobility
1. Rivian Spins Out Micromobility Startup Also with $105M Funding
Rivian spun out its micromobility division into a new startup called Also, securing $105 million in Series B funding from Eclipse Ventures to develop affordable electric bikes and compact vehicles leveraging Rivian's technology.
2. VARO Energy Acquires Preem AB
VARO Energy announced a transformative acquisition of Preem AB to create a leading energy provider for mobility and industrial customers, with the all-cash transaction expected to complete in the second half of 2025.
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Energy Transition
1. KKR Powers Avantus Growth with $1B
KKR has acquired a majority stake in Avantus, a leading U.S. developer of utility-scale solar and solar-plus-storage projects, marking the first investment from its Global Climate Strategy. Alongside existing investor EIG, KKR has secured $1 billion in equity and development financing to support Avantus' ambitious pipeline of 30 GW of solar and 94 GWh of battery storage
2. Equis Secures $163M for 250 MW/500 MWh Battery Storage Project in Australia
Equis Australia finalized AUD 260 million (~$163 million) in non-recourse debt financing for its Calala Battery Energy Storage System in New South Wales, partnering with Tesla for Megapack deployment and Autobidder trading. The project includes a merchant storage component and a 100 MW/200 MWh portion contracted to Smartest Energy.
3. XGS Energy Raises $13M for Water-Independent Geothermal Technology
XGS Energy closed a $13 million financing round led by Aligned Climate Capital and others to scale its water-free geothermal systems, which harvest heat from dry rock. The funding supports a multi-gigawatt project pipeline targeting baseload power demand.
4. Battery X Metals Completes Acquisition of LIBRT for Battery Diagnostics Tech
Battery X Metals acquired full ownership of Li-ion Battery Renewable Technologies (LIBRT), securing proprietary battery diagnostic and rebalancing technology. The deal, funded via 3 million shares, advances the company’s vertical integration in the sustainable battery supply chain.
Physical AI
1. Rerun Secures $17M Seed Funding for Physical AI Data Platform
Stockholm-based Rerun raised $17 million in seed funding led by Point Nine Capital to develop its multimodal data stack purpose-built for physical AI workflows, including robotics, drones, and autonomous vehicles. The platform specializes in managing complex sensor data (e.g., video streams, 3D scenes) to debug AI systems interacting with real-world environments.
2. Arcade Raises $25M Series A for AI-Driven Physical Product Marketplace
Arcade secured $25 million in Series A funding (co-led by Canaan Partners and Forerunner Ventures) to expand its generative AI platform for custom-designed physical goods. The company leverages AI to connect consumer-generated designs with artisanal manufacturing partners, starting with jewelry and rugs.
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.