Here are the key insights for the last week of Mavka Report coverage:
- Physical AI: Xpeng's robotics spinout pulled in over $900 million, the largest single-round private financing ever recorded in China's embodied AI industry.
- Data centers, energy & defense: all posted nine- and ten-figure raises this week, as mega-rounds consolidate around critical infrastructure.
- Defense & aerospace: dual-use capital is surging, with Muon Space and Castelion landing over $1 billion combined for satellites and hypersonic missiles serving commercial and defense buyers alike.
- Smart mobility & energy transition: emerging-market startups Yulu and Battery Smart are blending equity and debt to scale ahead of expected public offerings.
- Proptech & data center infrastructure: consolidation continues as CoStar, Descartes, and Z Squared each acquire niche data or software platforms outright.
Physical AI
Xpeng Robotics Unit Dogotix Raises $900M
Over $900 million poured into Xpeng's newly spun-out robotics division in its debut external round, pushing valuation past $6.3 billion.
(Read more)
FORT Robotics Goes Public Via $556M SPAC
Merging with a SPAC will take this safety-focused robotics firm public at a $556 million valuation, the first Nasdaq-listed physical-AI safety company.
(Read more)
Data Centers & IT Services
Micron Commits $10B to AI Memory Lab

Boise is getting a new AI research lab, backed by a planned $10 billion investment over 10 years in memory and compute architecture.

(Read more)
I Squared Launches Saragon With $1B Backing
Up to $1 billion in committed capital is fueling a freshly launched U.S. colocation and AI-inference platform seeded with 10 Cogent facilities.
(Read more)
Z Squared Buys Full Ownership Paradox Data
Full ownership of an AI campus is changing hands for up to $25 million in preferred stock, with no cash due at closing.
(Read more)
Smart Mobility
Rivian Spinout Also Raises $150M Series D for Autonomy
A $150 million Series D round will help this small-EV startup spun out of Rivian build an autonomous platform for goods and passengers.
(Read more)
Descartes Acquires Freight Software Firm Tai for $100M
Roughly $100 million in cash bought an AI-enabled transportation management provider serving freight brokers out of California.
(Read more)
Yulu Raises $93M to Fuel India's E-Bike Logistics Boom
Equity and debt combined to give an Indian electric mobility startup a $93 million Series C to expand its quick-commerce e-bike fleet.
(Read more)
Energy Transition
Dimension Energy Secures $857M for Distributed Solar
Construction debt and tax equity worth $857 million will fund 149 megawatts of distributed solar projects across five states.
(Read more)
Apollo Atomics Raises $31M Seed for Compact Reactors
An oversubscribed $31 million seed round will help this MIT spinoff commercialize factory-built, compact pressurized water nuclear reactors.
(Read more)
Battery Smart Raises $19.5M Series C
A $19.5 million Series C round lifted this Indian EV battery-swapping startup to a $430 million valuation.
(Read more)
PropTech
Boom Raises $15M Series A for Rental Leasing AI
Launching an AI CRM for single-family rental operators just got a boost from $15 million in Series A funding.
(Read more)
CoStar Completes $800M Acquisition of Zonda Data
A previously disclosed $800 million deal for a homebuilding data and analytics firm has now officially closed.
(Read more)
Defense & Aerospace
Castelion Lands $1B Series C for Hypersonic Weapons ProductionÂ
Equity and credit combined to hand this defense-tech startup $1 billion in Series C funding to mass-produce low-cost hypersonic missiles.

(Read more)
Muon Space Secures $250M Series C for Dual-Use Constellations

Scaling dual-use satellite constellations for commercial, defense and sovereign customers just got a $250 million Series C boost.
(Read more)
Ampaire Raises $19M to Advance Hybrid-Electric Aircraft

Certifying a hybrid-electric aircraft and cutting regional aviation emissions is the goal behind a fresh $19 million Series B round.
(Read more)
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