This week, investment is backing more flexible infrastructure, better-connected vehicle data, and smarter operational tools across transportation and industry.
Market developments
Mobile hydrogen station supports California trucking fleets
Hyroad Energy has launched a mobile hydrogen fueling station in Santa Fe Springs, California, designed to accelerate hydrogen infrastructure deployment for commercial trucking.
Built around a 1,000 kg liquid hydrogen tank, the station combines storage, pumping, dispensing, and safety systems within a single deployable unit. During its first full week of operation, it completed 45 fueling transactions, with fueling times below 25 minutes, broadly comparable with conventional diesel fueling.
Developed with Taylor-Wharton and Tom’s Truck Center, the facility forms part of a broader strategy to support fleets with mobile infrastructure while larger permanent hydrogen stations are developed.
WSG targets growing used EV market with specialist warranty offering
Warranty Solutions Group (WSG) has introduced a direct-to-consumer extended warranty product tailored specifically for electric vehicles.
The launch comes as growing numbers of used and ex-lease EVs enter the market and buyers increasingly focus on long-term ownership costs rather than battery degradation or driving range. According to the company, charge-port faults can cost close to £1,900 to repair, with specialist labor adding significantly to expenses.
Developed with input from dealers, EV specialists, and drivers, the warranty covers charging systems, vehicle electronics, and other major electrical components, aiming to provide reassurance as manufacturer warranties expire.
Infrastructure and policy
Allego commits €100 million to expand UK ultra-fast charging network
Allego plans to invest €100 million in the UK’s EV charging infrastructure, targeting the deployment of up to 1,400 ultra-fast charging points by 2030.
The rollout will focus on high-demand locations, including major highway routes and urban centers such as London. Under the company’s model, Allego will finance, build, own, and operate the chargers, while site hosts, including retailers, restaurants, and highway service operators, can benefit from long-term rental income.
The investment reflects expectations of continued EV growth and the need for faster expansion of rapid and ultra-rapid charging infrastructure to support increasing demand across the UK.
Deals
Terminal raises $20 million to expand commercial telematics platform
Toronto-based Terminal has secured $20 million in Series A funding led by Battery Ventures, bringing its total funding since 2023 to $26 million.
The company provides a platform that standardizes vehicle telematics data from more than 325 providers, allowing insurers, fleet operators, and logistics businesses to access information through a single integration. The system processes data including vehicle location, fuel usage, maintenance records, speed, and driver behavior to support safety, compliance, and operational efficiency.
The funding will be used to expand enterprise adoption, strengthen partnerships, and further develop the platform across North America.
OLIX reaches $3.3 billion valuation with $312 million Series B round
AI hardware startup OLIX has raised $312 million in Series B funding, valuing the company at $3.3 billion just two years after its founding.
Investors include Fundomo, Arm, Hudson River Trading, and several existing backers. OLIX is developing an AI inference architecture built around specialized chips dedicated to different stages of token generation, rather than relying on general-purpose processors. Its X-1 platform distributes workloads across multiple chips to improve efficiency, throughput, and cost performance.
The funding will support further development of the platform and accelerate progress toward commercial deployment.
Intropy secures $11 million to automate spare-parts management with AI
London-based Intropy has raised $11 million in seed funding led by Felix Capital to develop an AI-native operating system for the spare-parts industry.
Founded in 2024, the company focuses on helping distributors, manufacturers, and recyclers manage inventory, pricing, and stock allocation more efficiently. Its platform consolidates fragmented data from ERP systems, warehouse software, and other sources, then uses AI to automate decisions around demand forecasting, inventory placement, and obsolescence management.
Unlike conventional software that provides recommendations, Intropy aims to execute actions directly within operational systems. The funding will support product development, hiring, and market expansion.
See you next week!