Mercom Research Focus

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Mercom Research Focus

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Q1 2024 Solar Funding and M&A Report


Flow Battery Startup Quino Energy Secures $1.25 Million in Seed Funding

Flow Battery Startup Quino Energy Secures $1.25 Million in Seed Funding

Quino Energy, a developer of organic flow battery technology, closed an additional $1.25 million in a new Seed funding round. The Seed expansion round brings the company’s total funding (to ...
/ Storage
Cirba Solutions Raises $50 Million for Battery Recycling

Cirba Solutions Raises $50 Million for Battery Recycling

Cirba Solutions, a provider of end-to-end battery recycling management solutions, received a $50 million minority investment from Tokyo-based Marubeni Corporation. Cirba says this investment further supports its ongoing efforts to ...
/ Storage
High-Density Lithium-ion Battery Developer Ionblox Raises $32 Million in Funding

High-Density Lithium-ion Battery Developer Ionblox Raises $32 Million in Funding

Ionblox, a developer of high-energy density lithium-ion batteries, announced the second close of its Series B funding round, totaling $32 million. Lilium and Applied Ventures led the additional funding round, ...
/ Storage
Vanadium-Based Flow Battery Manufacturer VFlowTech Raises $10 Million in Funding

Vanadium-Based Flow Battery Manufacturer VFlowTech Raises $10 Million in Funding

VFlowTech, a manufacturer of vanadium-based redox flow batteries, has raised $10 million in a Series A funding round. Japan-based venture capital firm Real Tech Holdings led the investment round with ...
/ Storage
Funding and M&A Roundup: EV Battery maker ONE raises $300 million in Series B funding

Funding and M&A Roundup: EV Battery maker ONE raises $300 million in Series B funding

Our Next Energy(ONE), an energy storage solutions company developing a hybrid system based on a cobalt-free battery and a lithium iron phosphate battery for EVs, closed its $300 million Series ...
/ Solar, Storage