Energy and climate deals of the week

Venture capital

• Walden Robotics, a Cambridge, Mass.-based robotics startup, raised a $300m round that values the company at $1.1b. Toyota and Deviation Capital co-led, joined by Nvidia, Boeing, AE Ventures, Samsung Ventures, Prologis Ventures, CoreWeave Ventures, and financial partners Calibrate Ventures, Colle Capital, Shine Capital, NextView Ventures, Squarepoint Capital, One Madison Group, KAS Venture Partners, and Menlo Ventures. Go deeper

• TerraFirma, an Austin, Texas-based interplanetary construction startup, raised $115m, including a $100m Series A. Kleiner Perkins led, joined by Bain Capital Ventures, Glade Brook Capital Partners, BANNER VC, Saga Ventures, Trust Ventures, Definition, PEAK6, Magnetar Capital, and Ravelin Capital. Go deeper

• Senra Systems, a wire-harness startup, raised $65m in Series B funding co-led by Interlagos and Lowercarbon, per Axios Future of Defense. Alumni Ventures, Andreessen Horowitz, Founders Fund and General Catalyst joined. Go deeper

• Instalily AI, a NYC-based maker of an AI forward deployed engineer, raised a $60m Series B led by Energize Capital per Axios Pro. Insight Partners, Home Depot Ventures and United Rentals joined. Go deeper

• Microagi, a Munich-founded robotics-deployment company, raised a $55m seed. Hummingbird led, joined by Northzone, LocalGlobe, Village Global and redalpine. Go deeper

• Auger, a Bellevue, Wash.-based supply-chain software startup, raised $50m in Series B funding. Eclipse led, joined by returning investor Oak HC/FT. Go deeper

• Monumental, a Dutch construction automation startup, raised a $32m Series B. Khosla Ventures led, joined by Hummingbird and Plural. Go deeper

• Syntetica, a French textile waste recycling company, raised $30m in Series A funding. Ecotechnologies 2 fund led, joined by SWEN Capital Partners, lululemon, MAS Holdings,EQT Ventures, and the family offices of Peugeot. Go deeper

• Raxio Group, an Africa-focused data center company, raised $30m in extended funding, taking its total raised to $380m. Roha and Meridiam invested. Go deeper

• Flexell Space, a South Korean developer of space solar solutions, raised $20m in Series A funding. InterVest, L&S Venture Capital, and QUAD Ventures, Mirae Asset Venture Investment, Mirae Asset Capital, Industrial Bank of Korea, NH Venture Investment, IBK Securities–Seoul ZV, Korea Investment & Securities, and the Korea Credit Guarantee Fund invested. Go deeper

• NxLite, a Canton Township, Mich.-based manufacturer of energy efficient glass coating, closed a $13.1M Series A led by Crabtree Lane Alt and including VoLo Earth Ventures, Earth Foundry, MUUS, New Climate Ventures, ACT Venture Partners, plus a $3.5M in debt from RSF Social Finance. Go deeper

• Hyperion Robotics, a Finnish robotics startup, raised $7.4m co-led by Course Corrected and the European Innovation Council Fund. RE Ventures, Lifeline Ventures, Übermorgen Ventures and PC Rettig Impact & Co. joined. hyperionrobotics.com

• Piq Energy, an SF-based agentic grid planning platform, raised $5M in seed funding. Active Impact Investments led, joined by Cisco Foundation, Mobilize AI x Energy Ventures, New Climate Ventures, Ascent Energy Ventures, Umami Capital, CLAI Ventures and 9Zero. Go deeper

• Distill Energy, a grid simulation startup, raised $2.5m in pre-seed funding. Powerhouse Ventures and Pale Blue Dot led, joined by Stepchange. Go deeper

• Milo Drive, an Indian EV mobility platform, raised $2.4m in seed funding. Caret Capital led, joined by Antler India, Alteria Capital, IAN Capital, Climate Angels and Aureolis Capital. Go deeper

• StratX, a climate tech startup specializing in greenhouse gas reductions, raised $1.19m. Neglected Climate Opportunities led, joined by CarbonFix. Go deeper

• Blue Energy, a nuclear power startup, received an investment from Constellation Energy's VC arm, per Axios Future of Energy. Go deeper

Private Equity

• Ardian acquired a majority stake in Munich Electrification, a German battery management systems and electronics components company. Go deeper

• ePointZero, an Abu Dhabi-based energy investor, closed its acquisition of Traverse Midstream Partners, a U.S.-based portfolio company of The Energy & Minerals Group, for $2.25b. Go deeper

• Indonesia's PT Barito Renewables Energy offered to buy Energy Development Corp., a geothermal company backed by First Gen Corp., for more than $5b, per Bloomberg. Go deeper

• AE Industrial Partners acquired Powder Alloy Corporation, a Loveland, Oh.-based provider of engineered metallic, ceramic, and thermal spray powders. Go deeper

• A Blackstone-led consortium is investing $5.34b in Williams (NYSE: WMB) to fund five power projects. Apollo and KKR are also participating. Go deeper

• Raxio Group, a Netherlands-based data center firm, increased its funding pool to $380m after getting additional money from Meridiam and Roha Group. Go deeper

• KKR and Energy Capital Partners sweetened their takeover bid for DCC (LON: DCC), an Irish energy distributor, valuing it up to £5.81b. Go deeper

• ePointZero, an Abu Dhabi-based energy investor, closed its acquisition of Traverse Midstream Partners, a U.S.-based portfolio company of The Energy & Minerals Group, for $2.25b. Go deeper

• Morgan Stanley Infrastructure Partners agreed to buy a majority stake in Nicollin Environnement, a French environmental platform focused on waste collection and sorting. Go deeper

• ACR, backed by Oridian Capital Partners, acquired RediBagUSA, a Pennsylvania-based reusable retail bags company. Go deeper

M&A

• ABB agreed to acquire Rotork (LON:ROR), a manufacturer of electric actuators, for $5.5b. Go deeper

Airhive, a London-based carbon capture startup, acquired Carbyon, its Dutch competitor. Go deeper

Public Offerings

• Csquare, a Coppell, Texas-based data center operator backed by Brookfield Infrastructure Partners, raised $1.1b in its IPO offering offering 50m shares at $21 apiece, below its $23 to $27 range. It plans to list on the NYSE (CSQR). Go deeper

• Holtec Nuclear, a New Jersey-based nuclear company, filed for an IPO. It posted $386.6m in net income and $576.6m in revenue in 2025. It plans to list on the Nasdaq at "HNUC." Go deeper

Liquidity

• Stryten Energy, an Atlas Holdings portfolio company, agreed to buy C&D Trojan, a stationary battery manufacturer backed by KPS Capital Partners. Go deeper

Fundraising

• Lockheed Martin Ventures plans to spend $100M in the U.K.and Europe and plans to open a London office. Go deeper

• Greylock announced Greylock 18 with $1.5b. Go deeper

• FIMI raised $1.75b for its eighth fund. Go deeper

• Warren Equity Partners Manager closed its fifth fund with $2.8b. Go deeper

• Acurio Ventures closed its Acurio Secondaries I FCR at €115m. Go deeper

Odds & ends

• Lucid Group (Nasdaq: LCID), the Newark, California-based EV maker, has hired restructuring adviser AlixPartners, per Bloomberg. Go deeper

It's Personnel

• Founders Fund named Ryan Beiermeister as a partner. Go deeper

• HighVista Strategies appointed Ramit Malhotra as principal on its New York-based GP-led secondaries team. Go deeper

• Moelis & Company appointed Justin Polselli as a managing director focused on debt capital markets. Go deeper

• Gigascale Capital hired Simran Arora as head of finance. She was previously at SemperVirens Venture Capital. Go deeper