New funding adds capacity for growth and supports major deployments planned for 2026

BEVERLY, Mass., Dec. 10, 2025 — Highland Electric Fleets announced today that it has secured up to $150 million in new equity financing from Aiga Capital Partners, adding capacity to support growth and building on an already strong balance sheet. The investment will help Highland expand into new markets and support additional deployments beginning in 2026.

The company’s model is anchored by long-term, government-backed contracts that provide stable, predictable revenue and support the development of high-quality assets across its portfolio. This foundation, combined with Highland’s Electrification-as-a-Service (EaaS) model — which manages financing and incentives, site work, vehicle and charger procurement, utility coordination, training, and ongoing support — underpins the company’s strong track record. It also supports Highland’s ability to raise new equity and unlock additional debt capacity as it scales.

Highland currently operates in over 30 states, supporting cities and school districts of all sizes in communities from Compton, California to Canutillo, Texas to Jackson, Michigan to Dixie County, Florida. Its electric buses have collectively traveled more than 7 million miles. Highland is preparing for a major expansion of deployments in 2026, supported by larger district rollouts, multi-site projects, and new charging hubs coming online. Across its footprint, districts are moving into the next phases of their electrification plans, and Highland is positioned to support more complex deployments with reliable infrastructure, financing, and long-term operations. The investment also supports Highland’s entry into new markets launching in 2026, where demand for dependable electrification partners continues to grow.

Highland recently announced that it will supply 500 electric school buses as the Official Electric School Bus Provider for the LA28 Olympic and Paralympic Games and Team USA, supporting transportation operations throughout the Games. In parallel, Highland is expanding its broader Southern California presence with new depot and charging infrastructure across Los Angeles County, strengthening its long-term footprint in the region.

Aiga Capital Partners, which specializes in long-lived, essential infrastructure, invests in platforms that provide reliable services and durable community value. Its investment in Highland reflects confidence in the company’s operating capabilities, the performance of its assets, and its track record for long-term national growth. Aiga’s approach centers on supporting teams with proven business models that can execute and scale responsibly.

As part of the investment, Angel Fierro, Managing Partner of Aiga Capital Partners, will join Highland’s Board of Directors. “At Aiga, we back platforms that can scale essential infrastructure with consistency and discipline,” said Fierro. “Highland’s Electrification-as-a-Service model, supported by long-term contracts and a high-quality asset base, positions the company to lead the next chapter of fleet electrification, and we are excited to support their continued growth.”

Highland’s balance sheet is further supported by multiple forms of capital raised over the past three years, including approximately $200 million in construction debt and tax advantaged financing from long-term partners, along with revenue from district customers.

Highland CEO Duncan McIntyre said the investment supports the company’s long-term vision. “This investment strengthens our balance sheet and allows us to execute on large-scale, long-term contracts with our school district and municipal partners. With Aiga’s support, we are well-capitalized to deploy the reliable infrastructure our customers need while maintaining the financial discipline our funding partners expect.”

Rothschild & Co served as Highland’s exclusive financial advisor, and Latham & Watkins served as its legal advisor. Aiga was advised by McDermott Will & Schulte.

About Aiga Capital Partners

Aiga is a minority-owned investment platform supporting the energy transition with structured debt and equity solutions for developers of sustainable assets in North America. In an effort to contribute towards net zero emission goals, its strategy targets capital deployment opportunities in power (renewable energy, battery energy storage, energy efficiency), transportation (electric vehicle infrastructure), and low carbon fuels and chemicals.

About Highland Electric Fleets

Highland Electric Fleets is North America’s leading provider of Electrification-as-a-Service. Founded in 2019, Highland partners with school districts, municipalities, and fleet operators to make the transition to electric fleets simple and affordable. Highland proudly serves as the Official Electric School Bus Provider of the LA28 Olympic and Paralympic Games and Team USA. From pioneering vehicle-to-grid technology to managing some of the nation’s largest electric school bus fleets, Highland delivers reliable, cost-effective solutions that support local communities and drive the future of transportation. Learn more at www.highlandfleets.com.

Media Contacts

Highland Electric Fleets

Chris Orlando 
[email protected]
508-468-9802

SOURCE Highland Electric Fleets

LONDON, Dec. 10, 2025 — Sir Nick Clegg, Yann LeCun and others join HIRO III, a UK/Europe-focused multi-stage VC, focused on Spatial AI, Robotics, Longevity, Games, Space & Defence.

HIRO Capital, a founder-led VC firm, today announced that Sir Nick Clegg, former President, Global Affairs at META and former UK deputy Prime Minister, has joined the Fund as a General Partner for the launch of HIRO III. HIRO III is a large multi-stage fund able to deploy from €5m-€50m each into promising innovators, targeting the scale-up capital gap in the UK and Europe.

The HIRO founding GP team of Luke Alvarez, Cherry Freeman and UK games legend Sir Ian Livingstone CBE have strong pedigree as founder-entrepreneurs, with multiple exits and IPOs between them totalling >€10bn. That track record has been built on technical expertise and scaleup knowhow from decades of building and investing in start ups. 

HIRO’s foundations as an investor in spatial computing position it perfectly for the new era of technology in which we will see extraordinary value creation across Europe in areas from spatial AI and robotics through to defence and longevity.

Sir Nick Clegg said: “I joined HIRO because I share with the founders a belief in the rise of immersive computing and Spatial AI. We will move from staring at the internet, to living in the internet. We are right in the early stages of that platform shift with the convergence of spatial technologies and next generation world model AIs. Unlike other funds, HIRO is wholly focused on those themes, entirely within Europe.

This is an amazing moment of opportunity for the UK/Europe’s tech ecosystem. We have some of the most outstanding researchers and universities on the planet, and great engineers and entrepreneurs too. Our problem is not a lack of innovation, it is a lack of capital at scale. Europe may have its critics, but we have a vibrant start-up scene which is now ready to accelerate – I believe the HIRO team has the unique geographic and technological reach to help make that happen.”

Alongside the appointment, HIRO’s team will be strengthened by the new Advisory Board. The board brings exceptional domain expertise across each of the four core themes of the HIRO thesis: Spatial AI and Cloud, Autonomy & Robotics, Space & Defence, and Augmentation & Longevity.

Professor Yann LeCun said: “I am delighted to be joining the HIRO Advisory Board. We are entering a new phase of AI – an era of systems which can understand the physical world, have persistent memory and which can reason and plan complex actions. HIRO’s track record of investing in spatial technologies, 3D tech, wearables and gaming means they are exceptionally well placed to capitalise on this new wave of opportunity in Europe.”

The new board includes Professor Yann LeCun, former Chief Scientist of Meta and Turing prize winner for deep learning AI; Malcolm Turnbull, former PM of Australia and a leading tech investor; Major Tim Peake, scientist, test pilot and the first British ESA astronaut; Laurent Solly, VP Europe at META; security and defence expert Professor Deeph Chana of Imperial, London, founding Director of NATO DIANA & the Nato Innovation Fund; Hannah Gladman, Strategy & Special Projects at Google DeepMind; Dr Jack Scannell, biotech investor, longevity founder, creator of Eroom’s Law; Edward van Cutsem, Chairman of Private Markets at Westerly Winds and ex-MD at BlackRock; Professor Paul Newman, Professor of Information Engineering at Oxford and founder of the Oxford Robotics Institute; Caroline Daniel, former Financial Times journalist and strategist; and Loredana Crisan, Chief Design Officer at Figma.

Luke Alvarez, HIRO managing partner said: “I am delighted to welcome Sir Nick to our team, together with Yann and our other amazing Advisory Board members. Today, we are in the early stages of a Cambrian explosion of new technologies, powered by the accelerating convergence of computing into the physical world, onto the human body and into autonomous agents. We all share the same belief in Europe’s potential to be at the forefront of tech and the same passion to play a part in UK & European success. Our new advisory Board has been selected for their vision, their technology expertise and their networks globally and across Europe. We look forward to announcing the first HIRO III investments in 2026.”

About HIRO Capital 

HIRO Capital is a founder-led London and Luxembourg based Venture Capital firm investing in the Superabundant future of humanity. HIRO invests from Series A to Series C / Scale-Up, in our specialist thematic sectors of AI, Spatial Computing, Autonomy, Robotics, Longevity, Augmentation, Games, Simulation and Space & Defence technologies. We focus on entrepreneurs and innovators in the broadly defined Europe+ region, which includes the EU, UK, Norway, Switzerland and Ukraine. We are founders & leaders who back Founder Leaders. We are optimists and futurists. We believe that Europe+ can and should be a global leader in the next phase of human evolution, enabled by technology. We know that people’s creativity, ambition and entrepreneurship will build better human societies. https://hiro.capital/ 

HIRO is named after the hero you become when you play a game or sport; the hero you are when you build a company; and it pays tribute to Hiro Protagonist, the hacker hero of Neal Stephenson’s Snow Crash, who codes the 3D digital world and saves humanity against the odds.

Logo – https://mma.prnewswire.com/media/2842654/HIRO_Capital_Logo.jpg

SOURCE HIRO Capital

Funding led by Foundry accelerates the first full-stack, AI-powered platform enabling profitable, compliant and traceable textile disposition across retail supply chains.

NEW YORK, Dec. 10, 2025 — SuperCircle, the full-stack textile waste management platform for the world’s top retail brands, today announced $24M in Series A funding led by Foundry, with other investors including BBG Ventures, Renewal Fund and Elemental Impact. The funding propels SuperCircle’s expansion as the critical AI-powered operating system solving retail’s vast and growing end-of-life problem.

A Scalable Solution for Retail’s Waste Problem

SuperCircle’s digital operating layer enables global brands to transform waste from a cost center into a cash generator. Nearly $163 billion of unsold inventory is discarded globally each year — with U.S. retailers absorbing significant losses across returns, processing costs, damaged goods, and unsellable stock, while more than 85% of textiles end up in landfills or incinerators. SuperCircle provides the operating system retailers need to capture value from this would-be waste while complying with new Extended Producer Responsibility (EPR) regulations holding brands accountable for end-of-life processing.

SuperCircle powers post-consumer and post-industrial end-of-life optimization for 75+ leading partners — including J.Crew, GUESS, Reformation, FIGS and Parachute Home — across nationwide customer trade-in programs and supply chain disposition spanning store fleets and distribution centers.

“In my early career inside major retail supply chains, I saw firsthand how much product was written off or discarded annually, garnering only pennies on the dollar because there were no better, viable end-of-life pathways,” said Chloe Songer, CEO and Co-founder of SuperCircle. “We built SuperCircle to give retailers a scalable, financially sound system for end-of-life, enabling value generation from textiles long after purchase via consumer trade-in, and drastically reducing supply chain losses on excess, damages, and returns — capturing maximum value from every t-shirt, sneaker, sheet set, and handbag produced.”

As retailers face tightening margins and rising operational costs, SuperCircle delivers the critical digital infrastructure needed to reduce waste-related losses — ensuring every textile produced delivers maximum value. The company’s AI-powered proprietary sort engine determines the most profitable and sustainable next life for every item — capturing and then, traceably and responsibly routing damaged and low-value returns, excess and obsolete inventory, production scraps, and post-consumer trade-in garments across the continental U.S. and Canada.

SuperCircle ingests 50+ garment-level data points to create a digital twin of each textile, building a rapidly compounding dataset that continually strengthens its sortation engine. This intelligence drives measurable cost savings, reduces waste handling and write-downs, and unlocks incremental revenue streams. Brands are provided with the data and digital infrastructure required to operate in the next era of retail — where every produced asset’s utility and value must be maximized long past production.

Propelling a Paradigm Shift: The OS Powering Circular Supply Chains

Series A funding will accelerate SuperCircle’s technology development, expand supply chain integrations, grow its processing and reverse logistics footprint, advance data architecture for seamless compliance reporting, and support rapid onboarding of enterprise retailers.

“Retail needs a turnkey system that flips the script on its waste reckoning — turning would-be cost centers into revenue streams,” added Nisha Dua, Managing Partner at BBG Ventures. “SuperCircle has built the digital infrastructure to move the industry beyond incremental fixes and point solutions, enabling an entirely new system at scale.”

“SuperCircle is giving retailers unprecedented visibility and control at end-of-life, an area historically dominated by opaque, low-value liquidation,” said Jaclyn Hester, Partner at Foundry. “Their platform is the new industry standard for waste management infrastructure, delivering regulatory readiness, measurable impact, and profitable financial outcomes.”

SuperCircle has diverted more than 6 million textiles from landfill and aims to profitably, responsibly divert 1 billion+ textiles by 2030.

About SuperCircle

SuperCircle is a full-stack textile waste management platform that captures apparel, footwear, accessories, home and health textiles, and beyond — and routes them to their most profitable, sustainable next-life via AI-powered sortation that allocates to +50 reuse & recycling streams. SuperCircle leverages proprietary technology and operating systems to maximize next-life outcomes, with an industry-leading proportion of textiles collected going into fiber-to-fiber recycling feeds, and nothing sent to landfill — ever. SuperCircle works with some of the world’s best brands, retailers, and producers, including J.Crew, GUESS, Reformation, FIGS, Parachute Home, and more to offer both front-end solutions enabling consumers to trade-in old textiles, as well as back-end offerings collecting fabric scraps, excess inventory, damages, and returns. SuperCircle is on a mission to end the textile waste crisis and has recycled over 6 million garments to date. For more information, please visit supercircle.world.

SOURCE SuperCircle

Company to expand its higher education footprint and enhance platform capabilities

COLORADO SPRINGS, Colo., Dec. 10, 2025 — BoodleBox, the leading platform for collaborative AI in higher education, today announced the completion of its $5 million seed round co-led by Dogwood Ventures and Osage Venture Partners. Additional investors include JFFVentures, ECMC Group, Hivers and Strivers, Service Provider Capital, the UVU Wolverine Fund, and City Light Capital.

BoodleBox provides students, faculty, and institutions with unified access to multiple premium AI models, such as GPT-5.1, Claude, Gemini, Perplexity, LLAMA, and more, through a single, secure interface designed for responsible collaboration between multiple users. The platform’s proprietary token-reduction technology cuts AI operating costs and environmental impact by up to 96% while maintaining enterprise-grade security and FERPA compliance. Since launching in Q4 2024, BoodleBox has been adopted by educators, students, and professionals at over 1,200 higher education institutions and more than 100 workforce teams. More than 80 institutions have selected BoodleBox’s AI infrastructure, enabling equitable access to AI for over 70,000 faculty, staff, and students.

“This investment marks an important milestone in our mission to make responsible AI accessible, affordable, and impactful for all learners,” said France Hoang, CEO and Founder of BoodleBox. “By enabling seamless collaboration between students, faculty, and multiple AI models, we’re helping institutions not only prepare learners for the AI-driven workforce, but also ensure they carry these skills and assets with them well beyond graduation.”

The company’s approach addresses a critical skills gap. While 66 percent of employers now require AI capabilities, only 24 percent of low-income students have access to AI tools. By offering affordable, secure, and equitable AI access, BoodleBox ensures that every student, regardless of background, has the opportunity to gain fluency in technologies that will define the future of work.

“BoodleBox is uniquely positioned to bridge the AI skills gap in higher education,” said Aaron Hurst, Founding Managing Partner, Dogwood Ventures. “With its focus on affordability, security, and educational impact, the company is creating the infrastructure that colleges and universities need to teach responsible AI at scale.”

Investor confidence reflects BoodleBox’s rapid traction and distinctive product advantages. The platform not only aggregates leading AI models in one place but also offers custom bot-building, AI collaboration across teams, AI coaching, and unique data portability, allowing graduates to take their AI-assisted work into their careers.

“As investors focused on advancing equitable workforce solutions, we see BoodleBox as a vital tool for ensuring that all students—not just the most privileged—can build AI fluency,” said Sabari Raja, Managing Partner at JFFVentures. “By lowering cost barriers, expanding access, and enabling data portability, BoodleBox aligns with our mission to equip underserved learners with the skills and opportunities they need to thrive in an AI-transformed economy.”

“We are excited to partner with BoodleBox! As students, we know firsthand that Generative AI is the technology that will define our generation. We’ve been looking for a solution that’s not just a tool, but a safe, secure, collaborative, and educational platform helping students get the AI skills they need, with pricing tailored to schools’ budgets,” said Matt Biggins, Student Managing Director on behalf of the Wolverine Fund. “That’s exactly what BoodleBox is. This partnership is personal because we’re investing in a product that we, as students, need and want. We’re proud to support their mission to make higher education and AI skills more accessible to the future engineers, doctors, politicians, and professionals of all kinds.”

With the additional funding, BoodleBox plans to expand its higher education footprint, enhance platform capabilities, and support adoption in new sectors where AI collaboration can drive value, such as corporate training, public sector organizations, and specialized industries. 

BoodleBox will also relocate its principal headquarters to Colorado Springs, Colorado, where the company can benefit from the state’s business-friendly environment, access to emerging tech talent, and lower operational costs while maintaining its ability to serve educational institutions and workforce organizations nationwide.

About BoodleBox
BoodleBox is the leading collaborative platform for higher education, enabling lifelong learning and work with AI. Through BoodleBox, students and faculty can prepare for class, teach and learn responsible AI, and assess assignments effectively. With a secure, FERPA-compliant interface, BoodleBox provides affordable access to multiple top AI models, custom bot-building and assignment tools, AI coaching, and unique data portability features that allow learners to retain their work beyond graduation. For more information, visit https://boodlebox.ai.

Media Contact

Mickayla Williams, Interdependence
(760) 716-3654
[email protected] 

SOURCE BoodleBox

SYRACUSE, N.Y., Dec. 10, 2025 — Abhishek Chopra, Founder and CEO of BQP (formerly BosonQ Psi), has been awarded ‘Venture Deal of the Year’ at the 2025 Upstate Capital Awards Night, recognizing the company’s strategic funding round and contributions to establishing Syracuse as a quantum innovation hub.

The Upstate Capital Awards honor leaders and transactions driving innovation and impact across New York’s venture capital, private equity, and M&A ecosystem. This year’s ceremony celebrated individuals and companies shaping the region’s investment landscape and economic growth.

BQP’s recognition highlights momentum in building quantum infrastructure that bridges today’s computational needs with tomorrow’s quantum-native applications. The Syracuse-based startup works with the U.S. Air Force Research Laboratory (AFRL), Department of Defense, IBM, and Intel to accelerate computational fluid dynamics, digital twin workflows, and optimization for aerospace, defense, and semiconductor applications.

“We are really grateful for this recognition and what it represents for our team in Syracuse and across Upstate New York,” said Abhishek Chopra, Founder and CEO of BQP.

“Being recognized alongside leaders driving impact across the region validates our team’s work and Syracuse’s emergence as a quantum technology hub. It feels like a shared win for everyone helping grow a quantum tech community here. We look forward to what 2026 has in store for BQP.”

BQP‘s platform enables organizations to run quantum simulations that deliver significant performance improvements on classical hardware while maintaining compatibility with future quantum systems. In July, BQP led an oversubscribed $5M oversubscribed seed round. The round was led by Monta Vista Capital, with participation from Empire State Development’s New York Ventures, New York State’s venture capital arm, Arc Ventures, Armory Square Ventures, Emergent Ventures, Alumni Ventures, Arka Venture Labs, Transpose Platform, Gainangels, and Pranatech Venture Capital. The round also saw participation from key angel investors and existing investors, including Paradigm Shift Capital and Griffiss Institute, as part of the Mojave Aerospace Accelerator Fund.

The company recently demonstrated a hybrid quantum-classical workflow with Classiq and NVIDIA, showcasing how quantum-compatible methods integrate into existing HPC pipelines used across aerospace and defense. BQP’s work with AFRL and defense partners positions the Upstate New York corridor as a strategic center for quantum innovation. BQP‘s growth has been supported by NY Ventures/Empire State Development, reinforcing New York State’s commitment to advancing quantum technology and attracting top-tier talent to the region.

The awards ceremony will take place at the 2025 Holiday Party & Awards Night, bringing together investors, entrepreneurs, and business leaders from across New York’s venture capital, private equity, and M&A communities.

About BQP (formerly BosonQ Psi)

BQP (formerly BosonQ Psi) is a quantum-first simulation company building the next generation of digital twin platforms for mission-critical applications. Headquartered in Syracuse, NY, with a technology hub in Bangalore, India, BQP supports faster, more efficient engineering decisions across aerospace, defense, semiconductors, and energy.

Its core platform, BQPhy, integrates into existing engineering workflows and runs on today’s infrastructure – no quantum hardware required. By combining probabilistic algorithms from quantum information science with proprietary solvers, BQPhy enables breakthroughs in optimization, machine learning, and physics-based (CFD) simulations.

BQP works closely with leading partners, including the Department of Defense, Air Force Research Laboratory, IBM, Intel, Moog, and IAI North America.

For more information, visit www.BQPsim.com

Media Contact:
Ludington Media on behalf of BQP
[email protected] 
(551) 795-5950

SOURCE BQP

Leading defense tech company strengthens position as the largest AUV manufacturer in the US with record-breaking funding round

PORTSMOUTH, R.I., Dec. 10, 2025 — Vatn Systems, a defense technology company building autonomous underwater vehicles (AUVs) for the US military, allied nations, and commercial customers, today announced it has raised $60 million in Series A funding, bringing total funding to $76.5M. The round was led by BVVC, with participation from new investors such as Hanwha, Geodesic Capital, Airbus Ventures, Dauntless Ventures, Trousdale Ventures, and Veteran Ventures Capital. Major existing investors also participated in the round, including DYNE Ventures, Propeller Ventures, Decisive Point Ventures, SAIC Ventures, Centre Street Partners, Cubit Capital, and Lockheed Martin Ventures.

“Vatn Systems is on a mission to become the next underwater defense prime in a world where autonomous systems dominate the naval battlespace,” said Nelson Mills, co-founder and CEO of Vatn Systems. “Demand for affordable, scalable autonomous systems in undersea environments is accelerating rapidly. This funding strengthens our position as the leader in deployable AUV technology and enables us to expand our team, accelerate R&D, and scale manufacturing to capture this growing demand and win critical contracts both domestically and internationally.”

“Vatn Systems has built a significant competitive moat in the AUV market through their advanced navigation technology, modular platform, and scalable manufacturing approach,” said Joe Musselman, Managing Partner at BVVC. “Rarely have we seen a company execute with this speed and precision to achieve these growth rates in just two years. Their ability to deliver affordable, multi-mission systems at scale addresses a critical capability gap, and we’re proud to lead what we believe is the largest funding round in the AUV space.”

The Series A announcement follows significant momentum for Vatn Systems, including the company’s first international contract win in Singapore. The company continues to deepen partnerships with the U.S. Navy and Marine Corps while expanding its global customer base.

About Vatn Systems
Vatn Systems is a leading defense technology company building autonomous underwater vehicles that can be deployed at scale for the US military and allies. Founded in 2023 by a team of maritime experts and military leaders, Vatn Systems is on a mission to be the next underwater defense prime in a world where autonomous systems dominate the naval battlespace. Vatn’s flagship products include the Skelmir S6 compact modular underwater effector and the Skelmir S12, a 12.75-inch diameter platform that merges the capabilities of a traditional AUV with the agility and performance of a lightweight torpedo, designed to attrit threats, deploy sensors and decoys, and support electronic warfare missions at scale. Both vehicles are powered by INStinct, Vatn’s proprietary inertial navigation system that delivers precise, GPS-free navigation in harsh maritime environments at a fraction of the cost of traditional systems. For more information, visit www.vatnsystems.com and follow the company on LinkedIn.

Media Contact:
[email protected]

SOURCE Vatn Systems

MIAMI, Dec. 10, 2025 — Origis Energy, one of America’s leading renewable energy platforms, today announced financial close for the Swift Air Solar II and Swift Air Solar III projects in Ector County, Texas. The two projects have a combined nameplate capacity of 313 MWdc. The $290 million senior secured debt facilities include construction debt, term debt and a tax credit bridge loan from Natixis Corporate & Investment Banking (Natixis CIB) and Santander Corporate & Investment Banking (Santander).

Natixis CIB and Santander acted as coordinating lead arrangers and bookrunners, hedging banks, and LC issuers, with Natixis CIB serving as green loan coordinator and administrative agent for the $290 million debt financing package.

Swift Air Solar II and III will start commercial production in the fourth quarter of 2025. The projects will sell energy and renewable energy credits with Houston-based Occidental Power (Oxy) and its subsidiary, OLCV Stratos Development for Swift Air Solar II under two 15-year Power Purchase Agreements, to provide zero-emission solar power for the Direct Air Capture (DAC) facility, STRATOS, currently under construction in the Permian Basin. Earlier this year, Origis started commercial operation of the 184 MWdc Swift Air Solar I project, which is also contracted with Oxy.

Origis is the builder, owner, and operator of Swift Air Solar II and III. The two projects are the first phase of a larger, 600 MW complex in Ector County, in West Texas, with three additional projects expected to provide Full Notice to Proceed before the end of the year.

“We’re excited to have achieved this successful financing milestone for the Swift Air Solar projects. These projects further demonstrate Origis Energy’s ability to scale efficiently and mark another step toward bringing over 3 GW of long-term contracted assets into commercial operation by the end of 2026,” said Alice Heathcote, Chief Financial Officer, Origis Energy. “A big thank you to Natixis CIB and Santander for their ongoing partnership on both these transactions and beyond.”

The Swift Air Solar II and III financing represents the first project financing jointly led for Origis by Natixis CIB and Santander. The parties had previously worked together on the Origis $750 million construction warehouse facility in August 2023 and an upsize of the Origis $750 million development facility in March 2023.

“Natixis CIB is pleased to have supported Origis in the financing of the Swift Air II and III projects, alongside Santander. Origis, along with Antin, is an important client to Natixis CIB, and we look forward to continuing our long, collaborative and successful relationship in future transactions,” said Nasir Khan, Head of Real Assets & Global Trade Americas, Natixis CIB.

“Santander is proud to support Origis in financing Swift Air II and III, together with Natixis. Our longstanding relationship with Origis and Antin reflects our shared commitment to accelerating the energy transition, and we are pleased to further their continued growth,” said Andrew Platt, Head of Energy Structured Finance & Advisory US, Santander Corporate & Investment Banking.

Latham & Watkins represented Origis Energy in the transaction, together with Reed Smith as local counsel, while Milbank represented the lenders with support from Husch Blackwell as local counsel.

About Origis Energy

Origis Energy is accelerating the transition to a carbon-free future by Reimagining Zero℠. As one of America’s leading renewable energy and decarbonization solution platforms, the company continues to expand and reimagine its contribution to the world’s net-zero goals. Origis Energy puts customers first to deploy a wide range of sustainable solutions for grid power generation, performance optimization, and long-term operation of solar and energy storage plants across the U.S. Learn more at www.origisenergy.com.

SOURCE Origis Energy

MONTREAL, Dec. 10, 2025 – INLAN, a Montreal-based technology company pioneering next-generation battery-less IoT tags and AI-ready data infrastructure, is proud to announce it has raised US$ 5 million in series A funding led by strategic investor Saas Fee Limited, with strong participation from California-based VC investor Shea Ventures, as well as contributions from Montreal-based TandemLaunch and several strategic individual investors.

This new investment will enable INLAN to transition its breakthrough hardware into large-scale deployment and to expand the software and data backbone required to support massive IoT adoption across industrial and supply chain markets.

“AI is poised to fundamentally transform supply chain management, but only if the underlying data is granular, real-time, multidimensional, and reliable,” said Ali Shajii, CEO and Co-Founder of INLAN. “That level of data simply doesn’t exist today at scale, because the sensing technologies needed to capture it are either too limited or too expensive. INLAN was built to change that. With this funding, we can bring truly scalable, AI-ready data to the supply chain world and unlock the next generation of intelligent operations.” 

“We’ve spent the past two years developing a new class of battery-less tag that combines the affordability of RFID with the performance of active IoT devices,” said Mohammad Hajikhani, Co-Founder and CPO. “This funding marks an important milestone for INLAN and gives us the momentum we need to scale our technology into real-world supply chain environments. We’re excited to take the next steps toward making item-level intelligence accessible at truly massive scale.”

INLAN is creating a world where every item in the supply chain can continuously report where it is, how it’s doing, and what it needs, without the cost or complexity of today’s sensor technologies. By removing the trade-off between affordability and performance, INLAN makes it possible for businesses to access real-time, item-level intelligence at a scale that was previously out of reach. This means clearer visibility across operations, more reliable data for automation, and the ability to respond to issues the moment they arise.

INLAN was incubated at TandemLaunch, a Montreal-based deep-tech start-up foundry and seed fund. Emilie Boutros, Managing Partner added, “The support from a group of strategic and highly experienced international investors reflects our growing confidence in INLAN’s technology and its potential to transform large-scale data collection in industrial IoT and supply chain management. We welcome the opportunity to continue supporting INLAN’s journey.”

INLAN was advised by Pantek Securities, LLC, and Fasken Martineau DuMoulin LLP on the transaction. 

About INLAN

INLAN is a Canadian deep-tech company enabling real-time, item-level data at massive scale for modern supply chains and industrial IoT. By combining breakthrough tag chip technology with AI-ready data infrastructure, INLAN makes continuous, reliable, and granular operational insights accessible to businesses everywhere.

SOURCE INLAN

NESS ZIONA, Israel, Dec. 10, 2025 — VisIC Technologies Ltd., a pioneer in Gallium Nitride (GaN) power semiconductors for electric mobility, today announced the successful second closing of its Round B funding, securing $26 million. The round was led by a global semiconductor leader, with HKMC joining as a strategic investor. This milestone reinforces VisIC’s position at the forefront of GaN innovation for EV traction inverters and strengthens its role in enabling next-generation electric mobility.

The lead investor’s focus on advancing critical semiconductor technologies complements VisIC’s proprietary D³GaN™ platform, designed to deliver unmatched efficiency, scalability, and reliability for automotive drivetrains. HKMC’s participation underscores its commitment to integrating GaN technology into mass-production EV platforms.

The global EV market is experiencing rapid growth, with automakers racing to improve driving range, reduce costs, and meet stricter sustainability targets. A critical bottleneck lies in the efficiency and scalability of power electronics, particularly traction inverters, which directly impact vehicle performance and energy consumption.

Problem Statement
Traditional silicon-based solutions struggle to deliver the efficiency and power density required for next-generation EV platforms, especially at higher voltages. While SiC (Silicon Carbide) devices offer improved performance, their high cost and complex manufacturing limit widespread adoption. VisIC’s GaN-based D³GaN™ technology addresses these limitations by enabling smaller, lighter, and more efficient inverters—unlocking new possibilities for both 400V and 800V architectures.

Use of Funds
The new capital will accelerate VisIC’s roadmap, including:

• Optimization, qualification, and release of Gen3 750V GaN dice and power modules.
• Development of Gen4 1350V GaN technology, supporting the full spectrum of EV designs.
• Stabilization of the supply chain and ramp-up of GaN product delivery for EV traction inverters.
• Expansion into emerging 800V data center power requirements, leveraging the same advanced GaN platform.

Executive Quotes
Tamara Baksht, CEO of VisIC Technologies:
“This investment marks a major milestone for VisIC and the global EV industry. Our D³GaN technology is redefining power electronics for electric vehicles, and the support of our strategic partners accelerates our mission to deliver high-efficiency, scalable solutions for the next generation of mobility.”

 Hyundai Motor Company and Kia:
“Hyundai Motor Company and Kia are committed to advancing sustainable mobility. Partnering with VisIC enables us to integrate cutting-edge GaN power technologies into our EV platforms, enhancing efficiency, reliability, and performance as we shape the future of electric transportation.”

Contact:

Dieter Liesabeths
[email protected]

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