Energy and climate deals of the week

Venture Capital

• Finn, a German car subscription provider, raised €140m in Series D equity and debt funding at a $1b+ post-money valuation. Portage led the equity, joined by UVC Partners, Planet First Partners, and Korelya Capital. Debt came from BC Partners Credit and Runway Growth Capital. Go deeper

• Yulu, an Indian electric mobility startup, raised $63m in equity led by GEF Capital Partners and $30m in debt. Go deeper

• Ranchbot, an Australian water-management tech developer for farms and livestock, raised US$15m in Series B funding. Lewis & Clark Partners led, joined by Fulcrum Global Capital, Builders VC, The Cultiv8 Livestock Technology Fund, Lever VC and Macdoch Ventures. Go deeper

• Agent Energy, a startup that integrates backup generators into the grid during emergencies, raised $11m in seed funding led by Spero Ventures and MassMutual Ventures, per Axios. Go deeper

• Alloy Robotics, an SF-based AI data platform for robotics teams, raised $8m in seed funding at an $80m valuation. Square Peg led, joined by Blackbird, Airtree, and Skip Capital. usealloy.ai

• Reservoir, a Charlestown, Mass.-based smart water heater startup, raised an $8m seed led by Asymmetric Capital Partners with participation from Founder Collective and MCJ. Go deeper

• BioScout, an Australian developer of sensors that alert farmers to fungal pathogens, raised A$6.75m in seed funding. Demea Sustainable Investment and Astanor led, joined by GrainInnovate, GrainCorp Ventures, Hort Innovation Venture Fund, Artesian, and Division Q. Go deeper

• Millow, a Swedish alt meats developer, raised €2m, led by Visit Group founder Magnus Emilson. Go deeper

• Metal Morph, a U.K.-based startup recovering chemicals and aluminum from wastewater, raised £700k in pre-seed funding led by Sustainable Ventures and Green Angel Ventures. Go deeper

Private Equity

• AEVEX, a Solana Beach, Calif.-based drone maker owned by Madison Dearborn Partners, agreed to buy BlackSea Technologies, a Baltimore-based developer of autonomous maritime and subsea systems, for up to $650m. BlackSea backers included Razor's Edge Ventures. Go deeper

• Amberjack Capital Partners completed its acquisition of PMV Automation, a Houston-based water management parts maker, from Flowserve (NYSE: FLS). Go deeper

• Astara Capital Partners acquired Dynatec Systems, a Burlington, N.J.-based provider of membrane-based industrial wastewater treatment services. Go deeper

• Bernhard Capital Partners closed its acquisition of New Mexico Gas Company, the state's largest regulated natural gas company, from Emera, a Canadian energy and services company. Go deeper

• Goldman Sachs Alternatives agreed to buy Tosca, an Atlanta-based provider of reusable food packaging, from Apax Partners. Go deeper

• Integrated Water Services, an Austin, Texas-based wastewater platform backed by Sciens Water, acquired Advanced Equipment and Services. Go deeper

• New Mountain Capital agreed to acquire Jensen Hughes, a Columbia, Md.-based fire protection engineering and nuclear risk engineering firm, from Gryphon Investors. Go deeper

Public Offerings

• DayOne, a Singapore-based hyperscale data center operator, filed confidentially for a U.S. IPO that could seek to raise $5b, per Bloomberg. It's raised around $4.5b from firms like SoftBank and Coatue. Go deeper

• Vantage Data Centers is weighing an IPO or sale for next year that could value the Denver-based company at around $100b, per Reuters. Vantage backers include DigitalBridge, Silver Lake, ADIA, and GIC. Go deeper

M&A

• Mobix Labs is buying Special Project Delivery, a Calif.-based infrastructure developer focused on national security, critical resources and public-infrastructure finance. Go deeper

• Xylem (NYSE: XYL), a Washington-based water technology company, agreed to acquire the Cornell Pump and Roper Pump businesses from Indicor for $1.46 billion. Go deeper

• Ensign Energy Services, a Canadian oilfield services company, closed its acquisition of Citadel Drilling for $65m. Go deeper

Liquidity

• One Rock Capital Partners is selling EnviroServe, an environmental services provider, to Clean Harbors for $470m. Go deeper

• Diversified Energy is in early talks to buy Birch Resources, which is backed by Elliott Investment Management and operates in the Permian Basin. Go deeper

Debt

• Orange EV, a Kansas City, Kan.-based provider of zero-emissions terminal trucks, closed a $100m credit facility led by Wells Fargo Bank. Go deeper

Fundraising

• WovenEarth Ventures raised $155m for its second fund, WovenEarth Fund II. Go deeper

It's Personnel

• Adam Kweskin is joining Morgan Stanley's global industrials investment banking group, per Reuters. He was most recently a managing director in BofA's industrials investment banking business. Go deeper

Odds & Ends

• BlocPower, a Brooklyn-based startup that retrofits buildings to cut energy consumption, is negotiating an asset sale and considering restructuring to repay debt, per Latitude Media. Go deeper

• ClimateAi, an SF-based developer of climate-resilience software for the food and ag sectors, ceased operations, per AgFunder News. It'd raised $38m from investors including AIN Ventures, Blackhorn Ventures, Four Rivers Group, the Footprint Coalition, and Radical Ventures. Go deeper

• Curio, a D.C.-based developer of nuclear fuel recycling tech, received an additional $2.5m from the U.S. Department of Energy's ARPA-E program. Go deeper

• Niron Magnetics, a Minneapolis-based developer of rare-earth-free permanent magnets, received a conditional commitment from the U.S. Department of Defense's Office of Strategic Capital for a loan of up to $150m for a manufacturing plant in Sartell, Minn. Go deeper

• X-Energy (Nasdaq: XE), a Rockville, Md.-based advanced reactor an nuclear fuel maker, said it expects another $1b in funding from the U.S. Department of Energy for the startup's Texas power project with Dow. Go deeper