Mitsubishi Electric to wholly acquire Poland-based Medcom
Medcom designs, manufactures, sells and maintains electrical equipment for railcars and electric urban transportation, including auxiliary power supply systems, propulsion control systems and industrial power electronics equipment. Its primary business is in Europe.
US firm ChipAgents expands Series A funding to $134 million
The funding will support ChipAgents' next phase of expansion as the company scales customer deployments, grows its engineering and go-to-market teams, and accelerates development of its AI-native semiconductor design platform.
Waaree secures $17 million order for medium voltage skids
The 8.3 MVA MV skid is a plug-and-play, containerised solution developed by Waaree Transpower specifically for BESS applications. The complete solution is integrated within a 20-foot container, enabling efficient transportation, installation and deployment.
EMS provider Norautron acquires Jaltek, establishes UK presence
The acquisition marks an important step in the Norwegian company's international growth, establishing a presence in the UK while expanding the Group’s advanced electronics manufacturing capacity and strengthening its technical and design capabilities.
Indian electric mobility startup Yulu secures $93 million
The proceeds will be deployed to quadruple Yulu’s active fleet, expand service hubs and deepen strategic enterprise partnerships. The Bengaluru‑based startup also plans to launch an electric scooter targeting e-commerce logistics, bike taxis and parcel delivery.
Air taxi firm Joby acquires Resonant Sciences for $500 million
By bringing together the companies’ complementary aerospace engineering capabilities, the combination will create a scaled defense growth platform that accelerates autonomy and expands the applications for Joby Aviation’s technology.
Canada’s Stathera raises $55 million to scale silicon timing
Stathera will use the proceeds to fund mass production of its GEN2 silicon timing portfolio while accelerating development of its next-generation platform for AI data centers and growing the company’s engineering and commercial teams.
Navitas files patent infringement lawsuit against Renesas
The lawsuit comes weeks after Japanese semiconductor company Renesas sued US-based Navitas in the California federal court, claiming the company poached its employees to steal trade secrets for developing next-gen GaN chips.
UK startup Olix raises $312M, appoints Nick McKeown to its board
Nick McKeown co-invented software-defined networking, OpenFlow and P4. He is Professor Emeritus of Computer Science and Electrical Engineering at Stanford University and winner of the 2025 Marconi Prize.
Nolato acquires M&M Qualtech, adds capacity in market segments
M&M Qualtech was founded in 1988 and is estimated to have sales of around SEK 385 million for 2026 with healthy profitability. The company, which is based in Galway, Ireland, has 200 employees.
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