Group14 Technologies, a manufacturer of silicon-anode battery technology, has closed a €150 million (~$169 million) Series D equity funding extension to support its global manufacturing expansion, including a 10 GWh silicon battery materials manufacturing facility in Sagunto, Spain. The planned facility, designated BAM-4, will manufacture the company’s SCC55 silicon battery material and establish a production base in Europe.
Clean energy deployment platform for commercial and industrial businesses, Two Point O Capital, has raised $10 million (~₹949 million) in a funding round led by Transition Venture Capital. The transaction also saw participation from existing investor Omnivore and angel investors Chiranjeev Singh Saluja and Sudhir M Reddy. The company plans to use the funding to expand into new asset classes, including battery energy storage, and increase its presence in solar, energy efficiency, and wastewater treatment segments.
Noak, a start-up focused on perovskite-silicon tandem solutions, has raised €5 million ($5.57 million) in seed funding to scale and industrialize its technology. The Helios Foundation, Nuhma, and V2HFin provided the funding. Noak plans to use the proceeds to accelerate technology development using existing infrastructure at EnergyVille in Genk, Belgium, and prepare for scaling through gigawatt-scale manufacturing partnerships.
Otovo, an artificial intelligence-enabled platform providing behind-the-meter energy services for homes and businesses, has completed a $3 million private placement to fund strategic acquisitions, merger and acquisition opportunities, costs related to its contemplated U.S. dual listing, and general corporate purposes. The latest financing brings Otovo’s total capital raised over a little more than 12 months to approximately $40 million.
Sunergise, a solar energy company specializing in commercial solar installations, project development, financing, and operations and maintenance services in New Zealand and the Pacific, has signed an agreement to acquire Infratec New Zealand Limited from WEL Networks to expand its solar and battery storage business in New Zealand and the Pacific.
For reports and trackers on funding and M&A transactions in solar, energy storage, and smart grid sectors, click here.
Read last week’s funding roundup.
