Sumitomo and JAL order for 100 electric aircraft
Aviation electric airplane company Archer lands $500 million agreement with Japan Airlines (JAL) and Sumitomo Corporation air mobility-focused joint venture Soracle to purchase up to 100 electric aircraft for approximately $500 million. ESGtoday
Ulysses Ecosystem Engineering raises $2 million in pre-seed round for seagrass restoration
The marine drone startup utilizes a modular architecture that makes restoration projects 100 times larger while reducing costs by 10x. Tech.eu
Energy-storage developer Jupiter Power raises $225 in debt financing
Barclays, HSBC, and Sumitomo will provide the revolving credit facility, which Jupiter will use to execute its 12 GW energy-storage pipeline. Renewables Now
California voters approve $10 billion climate bond initiative
Proposition 4 passed with 58% of the vote and will fund clean energy infrastructure projects and help Californians adapt to climate effects. Canary Media
Pymwymic closes €71.5 million impact fund
The Amsterdam-based outfit will invest in early-stage agriculture startups, focusing on sustainable farming, regenerative agriculture, and food-waste reduction. Silicon Canals
