Corporate Funding for Energy Storage Companies Totaled $17.6 Billion in 9M 2024

Corporate Funding for Energy Storage Companies Totaled $17.6 Billion in 9M 2024

Energy Storage Corporate funding for Energy Storage companies in 9M 2024 reached $17.6 billion in 83 deals, a 15% increase year-over-year (YoY) compared to $15.2 billion in 94 deals in ...
/ Smart Grid, Storage
Funding and M&A Roundup: EV Charging Platform AmpUp Raises $15 Million

Funding and M&A Roundup: EV Charging Platform AmpUp Raises $15 Million

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 Ventures (Autotech) and MUUS Climate ...
/ Smart Grid, Solar, Storage
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

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 Ventures (Autotech) and MUUS Climate ...
/ Smart Grid
Funding and M&A Roundup: Return Acquires Stake in J&P Batterie Projekte

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

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 (~$56 million) investment and commitment ...
/ Smart Grid, Solar, Storage
Forge Nano Raises $40 Million to Scale-Up Battery Manufacturing

Gridtech Company David Energy Secures $23 Million Funding

David Energy, a retail energy provider whose software platform analyzes and controls customer demand in real-time, raised $23 million in funding. This funding was led by Cathay Innovation, with participation ...
/ Smart Grid