Want to know how the latest cleantech deals are evolving? You’ll find the answers right here. 

Agriculture & Food 

Farmers Business Network, developer of a membership website for farmers to upload datasets and share information, raised $300 million growth equity from Fidelity Investments, Colle Capital, Walleye Capital, Tudor Investments and Archer Daniels Midland. FBN offers a direct-to-farm commerce platform, as well as solutions for sustainable grain procurement through its Gradable platform. It currently has 33,500 farms across the United States, Canada and Australia on its platform. The company is now valued at more than $4 billion.  

Energy & Power 

Titan Advanced Energy Solutions, developer of ultrasound molecular measurement technology for the improvement of battery measurement and control, raised $33 million in a Series B round with HG Ventures, H Partners, GS Futures, GS Group, Doral Energy-Tech Ventures, Fortistar, Energy Innovation Capital and SE Ventures (SEV) participating. Reportedly, titan’s solution measures a battery’s health instead of estimating it as with traditional battery management systems. The company will accelerate deployment of its measurement and diagnostic technology with the funds raised. 

Materials & Chemicals 

Arris Composites, developer of continuous carbon fiber composites with applications in automotive, aerospace and consumer goods sectors, raised $88.5 million in growth equity from XN Ventures, Modern Venture Partners, New Enterprise Associates (NEA), Taiwania Capital, Bosch Group, Valo Ventures and Alumni Ventures Group. Arris’ proprietary ‘Additive Molding’ technology allows for automated production and molding of components using continuous fibers, thermoplastics, as well as embedded metals. Funding will be used to meet customer demand by scaling operations globally.  

Resources & Environment 

Plastic Energy, developer of Thermal Anaerobic Conversion (TAC) process to convert plastic waste into recycled plastics or low-carbon fuels, raised $123 million from LetterOne, Axens and M&G Investments in a Series A round. In the chemical process, waste plastic is burned and then distilled to obtain naphtha and diesel. The oils can be converted into virgin plastic. Funds raised will be used for the development of recycling plants and to grow the company. Axens will also license Plastic Energy’ recycling technology as part of the partnership.  

Transportation & Logistics 

Kodiak Robotics, developer of autonomous driving technology for long haul trucks, has raised $125 million in Series B funding from SIP Global Partners, Muirwoods Ventures, Harpoon, StepStone Group, Gopher Asset Management, Walleye Capital, Aliya Capital Partners, Battery Ventures, CRV, Lightspeed Venture Partners, BMW i Ventures and Bridgestone. Kodiak will use the funds to expand its workforce, from 90 to 170 people by the end of 2022. It will also be used to expand its fleet of autonomous trucks, from 10 to at least 25.