Blog 3 columns - Mercom Capital Group

Funding and M&A Roundup: SmartSolar Raises $1.8 Million in Seed Funding ORIT secures $125 million five-year term loan facility SmartSolar, a rooftop solar solution provider, has raised $1.85 million in seed funding. The funding was led by Picus Capital and 2degrees, along with participation from early-stage venture capital firm Iterative. With this funding, the company plans to accelerate its growth in Vietnam and expand its footprint across Southeast Asia. The company offers rooftop solar solutions designed to help businesses cut down on electricity costs. Octopus Renewables Infrastructure Trust, an investment company, announced that it has signed a £100 million (~$125 million) five-year term loan facility with three of its existing lenders, Santander, National Australia Bank, and Allied Irish Banks. The funding will be used to pay down a portion of the existing and more expensive Revolving Credit Facility (RCF) debt. According to ORIT, it has drawn £151.2 million (~$191 million) on the RCF so far. Vidyut, an electric vehicle ecosystem platform, has raised $2.5 million in funding from global investor Flourish Ventures. The company will utilize the acquired funds to expand its Battery-as-a-Service offering in passenger and commercial EV segments. By unbundling batteries from EVs and offering them on a pay-per-km subscription basis, Vidyut claimed it had reduced upfront electric three-wheeler costs by 35-40%. 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. Tags: Vidyut, Octopus Renewables Infrastructure Trust, SmartSolar, solar, funding

EV Charging Platform AmpUp Raises $15 Million Series A Funding

October 01
Staff
Smart Grid

AmpUp, an electric vehicle charging platform company, has secured $15 million in Series A funding. Touchdown Ventures led the funding round. Additional new investors included Autotech

Macquarie to Acquire Stake in Developer D. E. Shaw Renewable Investments

October 01
Staff
Solar

Macquarie Asset Management (MAM), a global asset manager, has agreed to acquire a minority stake worth $1.725 billion in renewables developer D. E. Shaw Renewable

Blue Elephant Energy Acquires Majority Stake in Solar215

Octopus Energy Fully Acquires Renewables Developer Exagen

October 01
Staff
Storage

Octopus Energy Generation, a British renewable energy group, has acquired renewables developer Exagen through its Octopus Energy Development Partnership (OEDP) fund. This acquisition comes after

OX2 Secures $76 Million Financing for the Rutki Solar Project in Poland

ZE Energy Secures Financing for 77 MW Solar and Storage Project

September 30
Staff
Solar

ZE Energy, a France-based solar and energy storage project developer, closed an assetco financing to construct a 77 MWp solar project coupled with a 14.8

Energy Storage Industries Raises $40 Million in Funding for Iron Flow Batteries

September 30
Staff
Storage

Energy Storage Industries – Asia Pacific (ESI), an iron flow battery manufacturer and energy storage project developer, has received a total investment of AU$65 million

Linea Energy Secures Financing for 109 MW Solar Project

BayWa r.e. Sells Solar Projects Totaling 222 MW to Octopus Energy Generation

September 30
Staff
Solar

BayWa r.e., a developer of renewable energy projects, announced the sale of four solar projects to Octopus Energy Generation, a renewable energy investment firm. The

Apricus Generation Secures $30 Million Revolving Credit Facility

Solutions30 Acquires Solar Construction Firm Xperal

September 26
Staff
Solar

Solutions30, a provider of support services related to new digital technologies, has announced the acquisition of Xperal, a company that offers design, engineering, procurement, commissioning, and

Grenergy Acquires 1 GW Solar Projects from Repsol and Ibereólica

September 26
Staff
Solar

Grenergy, an independent solar and wind power producer, has acquired 1 GW of solar projects, including a 1 GW energized line, from Repsol and Ibereólica.

Funding and M&A Roundup: Return Acquires Stake in J&P Batterie Projekte

September 25
Staff
Smart Grid, Solar, Storage

Return, an energy transition investment and development platform, has acquired a majority stake in J&P Batterie Projekte, an energy storage system developer, through a €50 million

Project Finance Brief: ib vogt Sells 110 MW Solar Project in Spain

September 25
Sohini Aich
Solar, Storage

ib vogt, a solar and energy storage project developer, announced the sale of its 110 MW Pato solar project in Spain to NextPower V ESG,