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Dear Friend,

As we enter the second week of July, physical AI and robotics continue to push forward as Kraken Robotics closes its $615 million CAD Covelya Group acquisition to build a marine-intelligence platform, while Emesent secures $17 million to scale its autonomous mapping tools. Data centers keep expanding, led by TeraWulf's pursuit of $3.5 billion in debt for an Anthropic-leased Kentucky campus and EQT's $2.6 billion acquisition of Copia Power's energy-and-data infrastructure platform.

Mobility shifts gears as Rivian raises $1.32 billion in a public share offering and Lyft acquires Serveo's Spain bikeshare business to expand across the Atlantic. Energy transition advances with Opdenergy closing $227 million in Chile renewable financing and Eni buying a 25% stake in EnergyX's lithium project. Proptech sees Prologis renew its $16.9 billion hostile bid for Segro, and defense & aerospace surges as Helsing closes an $1.8 billion Series E at an $18 billion valuation.

Stay sharp,

Physical AI

Kraken Robotics Closes $615M CAD Covelya Acquisition

Sonardyne, Voyis, and three subsea firms now unite under one marine-intelligence powerhouse.
(Read more)

Emesent Raises $17M for Autonomous Mapping Platform

A sovereign-backed venture debt facility plus an equity SAFE note will scale Cortex AI and Aura cloud tools.
(Read more)

Mowito Raises $3M Pre-Seed for Factory Robots 
Version One Ventures backs foundation models teaching standard robot arms new tasks through human demonstrations, not code. 
‍(Read more)

Data Centers & IT Services

TeraWulf Seeks $3.5B in Debt for Anthropic Campus

Morgan Stanley-led loans and bonds will fund a Kentucky data campus under a 20-year, $19B lease.
(Read more)

EQT Buys Copia Power in $2.6B AI Infrastructure Deal

Carlyle hands over an energy-and-data-center platform boasting over 9 gigawatts of grid capacity in development.
(Read more)

MARA Acquires Powered Texas Site for $600M

A 1,200-acre Matagorda County parcel targets 2 gigawatts of grid capacity alongside Starwood Digital Ventures by 2028.
(Read more)

Smart Mobility

Rivian Raises $1.32B in Public Share Offering

Fresh equity backs a $4.5B Department of Energy loan tied to Rivian's Georgia manufacturing buildout.
(Read more)

Lyft Acquires Serveo's Spain Bikeshare Business

Barcelona's Bicing joins Lyft's fleet, marking its debut running bikeshare on both sides of the Atlantic.
(Read more)

Manna Aero Opens Tulsa Drone Delivery Hub

Backed by an earlier $50M raise, the hub targets 1,000 jobs and expansion to six US cities by 2027.
(Read more)

Energy Transition

Opdenergy Closes $227M Chile Renewable Financing 
SMBC, BNP Paribas, and ICO fund an operational 371 MW solar, wind, and battery portfolio.
(Read more)

Eni Buys 25% Stake in EnergyX Lithium Project

The Italian energy giant secures rights to a quarter of future output from Chile's Salar de Punta Negra.
(Read more)

Otovo Raises $7.25M to Fund Green Panel Deal

Norway's distributed-energy player lines up cash to close its previously announced $11M Israeli acquisition.
(Read more)

PropTech

Prologis Renews $16.9B Hostile Bid for Segro

The logistics giant pushes for talks on its UK warehouse takeover ahead of a looming statutory deadline.
(Read more)

Balfour Beatty Bets £10M ($13M) on Pi Labs Fund

Construction sites become live testbeds for agentic AI startups across the real-assets value chain.
(Read more)

Fuchs & Eule Raises €10M ($11M) for Retrofit AI

GET Fund leads a round helping landlords meet binding EU energy-efficiency renovation mandates by 2030.
(Read more)

Defense & Aerospace

Helsing Closes $1.8B Series E at $18B Value

Goldman Sachs Alternatives and Dragoneer crown the round, making Helsing Europe's biggest defense tech startup.
(Read more)

Blue Origin Seeks Record $10B in Debut Round

Bezos's space venture chases a $130B valuation to fund New Glenn and a huge satellite constellation.
(Read more)

Venus Aerospace Closes $91M Series B for Engine Scaling

Mercury Fund leads backing for a flight-tested rotating detonation rocket engine bound for hypersonic use.
(Read more)