Amazon continues to be the 800-pound gorilla in the room for companies in the retail sector. Today, a startup called Fabric, which is building technology to help those other retailers — big and small — compete more squarely against that muscle specifically in fulfillment with robotics technology, “micro-fulfillment” centers and last-mile operations, is announcing $200 […]
The climate measures in the budget reconciliation package now before the U.S. Congress could unlock an investment boom that would allow us to take action to protect our future.
On Tuesday, Mainspring Energy, an energy technology startup in the emerging field of onsite power generation, announced that it has received a Series D venture capital round of $95 million. The investment round was led by Devonshire Investors, the private equity firm affiliated with Fidelity Investments parent company FMR LLC, along with Princeville Capital, 40 North Ventures, and Chevron Technology Ventures. Existing investors Khosla Ventures, Bill Gates, ClearSky, AEP, KCK, and Equinor re-upped for the Series D.
The new funds will be used to accelerate the rollout of Mainspring’s core product, the Mainspring Linear Generator, to a broader range of commercial, industrial, microgrid, and utility customers, by scaling its manufacturing operations, hiring more staff, and consolidating its position in the U.S. market. To date, the company has raised $228 million in venture capital.