Carlyle, a global investment firm, acquired a majority stake in Aspen Power Partners, a distributed generation platform focused on solar and storage assets across the U.S., for $350 million. The investment supports Aspen’s organic and acquisition-driven growth strategy targeting the community, multifamily, and commercial & industrial solar and storage markets.
The Mobility House, a provider of EV charging and energy management solutions, has raised $50 million in a Series C Funding round led by Mercuria and co-led by Ventura Capital and Green Gateway Fund. The company will use the funds to expand its market position in electric vehicle smart charging and vehicle-to-grid integration across Europe, North America, and Asia.
Runwise, a provider of building heat management solutions, raised $19 million in a Series A funding round led by Fifth Wall. The company combines a proprietary heat computer, sensor network, and machine learning systems to reduce fuel consumption by an average of 20-25%. This investment will allow Runwise to continue expanding its operations and technology.
AMPYR Solar Europe, a solar project developer, and independent power producer, acquired SolarEnergyWork’s solar business in the Netherlands. The acquisition includes an asset pipeline of 100 MW ready-to-build and 650 MW under-development assets. Following this acquisition, AMPYR Solar Europe will have a development pipeline of solar PV assets of over 1 GW in the Netherlands and an aggregate development pipeline of 6 GW, including in Germany and the UK.
AMP, an energy management solutions platform, secured $17.25 million in a Series A funding round from Ecosystem Integrity Fund and Helios Climate Ventures. The company plans to use these funds to accelerate the growth of its connected energy management platform, which enables automotive consumers to track, manage and report the state of health of battery packs, unlocking vehicle-to-grid applications.
Mumbai-based rooftop solar start-up SolarSquare has raised ₹1 billion ($12.8 million) as part of its series A funding round led by Elevation Capital and U.S.-based climate-focused fund Lowercarbon Capital. Existing investors, including Good Capital, Rainmatter, Better Capital, and angels Vidit Atrey and Sanjeev Barnwal (Meesho), also participated in this funding round. The funds will shore up the company’s presence in the coming 18-24 months and deploy the investment to ramp up its installations to build a seamless user experience.
Ionblox, a lithium-ion cell company, has closed a $24 million Series B Funding round with Lilium, Applied Ventures, and Catalus Capital. The company will use the investment to continue scaling operations.
Complete Solar and Solaria announced the completion of their merger, forming Complete Solaria. This strategic merger will start a vertically integrated business, delivering end-to-end residential solar solutions and increasing manufacturing capabilities as it ramps production in the U.S. The combination of these two companies establishes Complete Solaria as a full system operator, offering technology, financing, and project fulfillment. It will enable the company to sell more products across the U.S. and Europe.
For reports and trackers on funding and M&A transactions in solar, energy storage, smart grid, and efficiency sectors, click here.
Read last week’s funding roundup.
