๐Ÿค– $675M Humanoid Robot Funding. Ports Surge 20%.

Impact Capital Markets #40 looks at our Ports stock index, major impact deals, M&A, and upcoming economic releases.

Kamusta ๐Ÿ๏ธ

๐Ÿ“‰ Today's Global Economic Update: India's GDP grew by 8.4% in Q4 2023, up from 7.6% in the previous quarter, primarily driven by robust activity in manufacturing and construction sectors. This is the fastest pace of growth recorded in one and a half years and positions India as the world's fastest-growing major economy.

๐Ÿค– Deal of the Day: Figure has raised $675M in a Series B funding round to speed up the deployment of humanoid robots.

What's New?

  • ๐Ÿšข Ports. Ports index up 20%
  • ๐Ÿ’ฐ Funding. Fervo Energy raises $244M, robotics, EV charging, biotech deals & more
  • ๐Ÿ’ผ M&A. Ginkgo Bioworks acquisition of Proof Diagnostics
  • ๐Ÿ“… Economics. Europe inflation data, balance of trade, Australia GDP+ more

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๐Ÿšข Ports Index Up 20%

HolonIQโ€™s Ports Index has experienced a 20% increase over the past year. Major stocks in the index registered increases, with Qingdao Port International ($6B MCap) rising 19% and China Merchants Port Group ($6B MCap) up 10%. However, CK Hutchison Holdings ($20B MCap) saw a 17% decline, dampening the increase in the index.

Port activity worldwide has seen a steady rebound as disruptions stemming from the pandemic subsided, with the clearing of backlogs continuing. Wait times in ports surged during the pandemic; however have normalized since, with improvements in efficiency from better infrastructure and higher labor productivity. The World Bank has emphasized the potential for productivity gains in maritime logistics through digital technology integration, which can also help lower emissions and address the challenge of decarbonizing the maritime sector. To build resilience against future uncertainties, including climate change, port efficiency needs enhancement through the adoption of new technologies, especially in developing economies. Promisingly, there has been a significant surge in investment towards port development globally, exemplified by initiatives like the U.S. Environmental Protection Agency's introduction of the $3 billion Clean Ports Program.

๐Ÿ’ฐ Funding

๐Ÿค– Figure, an AI robotics company based in California, raised a $675M Series B to speed up the commercial deployment of humanoid robots.

๐ŸŒ‹ Fervo Energy, a Texas-based geothermal development company, raised $244M from Devon Energy to enhance growth and integrate new technologies.

โ˜€๏ธ ENVIRIA, a German decentralized energy solutions provider, raised a $200M Series B from BlackRock for the expansion of solar projects across Germany.

๐Ÿš— Powerdot, a Portugal-based EV charging point operator, raised $108M from Antin Infrastructure Partners and Ariรฉ Group to accelerate R&D projects and expand its charging infrastructure.

๐Ÿงฌ Kenai Therapeutics, a California-based biotechnology company, raised a $82M Series A from Alaska Permanent Fund Corporation to advance cell therapies for the treatment of neurological conditions.

๐Ÿ’Š Orbis Medicines, a Danish drug discovery platform, raised a $28M Seed from Novo Holdings & Forbion Capital Partners to advance its portfolio of next-generation drugs called โ€˜nCyclesโ€™.

๐Ÿ„ Firstfarms, a Denmark-based agricultural company, raised $27M from Heartland to increase revenue and develop a more sustainable operation.

๐Ÿ”‹ Anthro Energy, a California-based provider of lithium-ion batteries, raised a $20M Series A from Collaborative Fund to commercialize and scale its battery technologies.

๐Ÿ’ผ M&A

๐Ÿฉบ Ginkgo Bioworks, a Maryland-based biotechnology firm, acquired Proof Diagnostics, a Massachusetts-based health technology company.

๐Ÿ“… Economic Calendar

Europe Inflation Data, Balance of Trade, Australia GDP + More

Friday, March 01st 2024

๐Ÿ‡ช๐Ÿ‡ฆ Euro Area Inflation Data (Flash), February
๐Ÿ‡ฎ๐Ÿ‡น Italy GDP Data, 2024
๐Ÿ‡ฎ๐Ÿ‡น Italy Inflation Data (Preliminary), February
๐Ÿ‡ฎ๐Ÿ‡น Italy Government Budget, 2023
๐Ÿ‡บ๐Ÿ‡ธ US ISM Manufacturing PMI (Preliminary), February

Tuesday, March 5th 2024

๐Ÿ‡บ๐Ÿ‡ธ US ISM Services PMI, February

Wednesday, March 6th 2024

๐Ÿ‡ฆ๐Ÿ‡บ Australia GDP Growth Data, Q4
๐Ÿ‡ฉ๐Ÿ‡ช Germany Balance of Trade, January
๐Ÿ‡จ๐Ÿ‡ฆ Canada BoC Interest Rate Decision
๐Ÿ‡จ๐Ÿ‡ฆ Canada Ivey PMI, February
๐Ÿ‡บ๐Ÿ‡ธ US JOLTs Job Openings, January

Thursday, March 7th 2024

๐Ÿ‡ฆ๐Ÿ‡บ Australia Balance of Trade, January
๐Ÿ‡จ๐Ÿ‡ณ China Balance of Trade, Jan-Feb
๐Ÿ‡ช๐Ÿ‡ฆ Euro Area Deposit Facility Data
๐Ÿ‡ช๐Ÿ‡ฆ Euro Area ECB Interest Rate Decision
๐Ÿ‡จ๐Ÿ‡ฆ Canada Balance of Trade, January
๐Ÿ‡ช๐Ÿ‡ฆ Euro Area ECB Press Conference

Friday, March 8th 2024

๐Ÿ‡จ๐Ÿ‡ฆ Canada Unemployment Data, February
๐Ÿ‡บ๐Ÿ‡ธ US Non-Farm Payrolls, February
๐Ÿ‡บ๐Ÿ‡ธ US Unemployment Data, February


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