EV Charging Platform JET Charge Receives $45 Million Funding

EV Charging Firm EnviroSpark Secures $50 Million Funding

EnviroSpark, a provider of electric vehicle (EV) charging solutions, secured a $50 million investment from funds that will help the company expand its EV charging landscape, which is owned and ...
/ Smart Grid
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

Project Finance Brief: Enfinity Secures $195 Million for 70 MW Solar Project

Enfinity Global, a renewable energy project developer, secured $195 million in long-term project financing for a 70 MW solar project in Japan. Nomura Securities International, a financial institution, acted as ...
/ Smart Grid, Solar, Storage
Funding and M&A Roundup: Base Power Raises $200 Million

Funding and M&A Roundup: Pine Gate Renewables Secures $650 Million

Pine Gate Renewables, a solar project developer, secured a $650 million investment from Generate Capital, the Healthcare of Ontario Pension Plan, and HESTA. The transaction extends Generate Capital’s existing partnership ...
/ Smart Grid, Solar, Storage
R.Power Secures $40 Million Financing for 68 MW Solar Project Portfolio in Portugal

Funding and M&A Roundup: EV Charging Firm SWTCH Raises $27 Million

SWTCH Energy, an electric vehicle (EV) charging and energy management solution provider, has closed $27.2 Million in Series B Funding led by Blue Earth Capital with participation from Alantra’s Energy ...
/ Smart Grid, Solar, Storage
Lion Storage Secures Financing for 350 MW/1,400 MWh Energy Storage Project

Corporate Funding for Energy Storage Sector Totaled $11.7 Billion in Q1 2024

Energy Storage Corporate funding in Energy Storage came to $11.7 billion in 29 deals in Q1 2024, an increase of 432% year-over-year (YoY) compared to $2.2 billion in 27 deals ...
/ Smart Grid, Storage