Nautilus Solar Energy Closes $202 Million Institutional Debt Private Placement

Group14 Technologies, a silicon battery materials maker, secured $34.3 million from ShawKwei & Partners, an Asian private equity investor. Group14 Technologies uses silicon for the battery anode material rather than the commonly used graphite, which the company claims provides higher energy density as well as faster charging times.

Vena Energy, a renewable energy company, secured a five-year $550 million multicurrency unfunded Green Letter of Credit Facility to help enhance the company’s financial flexibility and corporate liquidity. BNP Paribas, Crédit Agricole Corporate and Investment Bank Singapore Branch, DBS Bank, ING Bank Singapore Branch, Intesa Sanpaolo Hong Kong Branch, MUFG Bank. Singapore Branch and Sumitomo Mitsui Banking Corporation Singapore Branch participated in the Facility as Mandated Lead Arrangers, with MUFG Bank Singapore Branch acting as the Facility Agent. Credit Agricole Corporate and Investment Bank Singapore Branch and MUFG Bank Singapore Branch also acted as the Original Issuing Bank.

FLO, an EV charging solutions provider, secured a C$60 million (~$44.5 million) revolving credit facility from the National Bank of Canada via its Technology and Innovation Banking Group, enabling FLO to accelerate the growth of its North American electric vehicle charging network as it continues expansion across Canada and the United States. The credit facility represents an increase from the $20 million facility secured in 2021.

Atlas Materials, a producer of battery-grade nickel, secured $27 million in a Series A funding round supported by climate technology investors, including the Grantham Environmental Trust and Voyager Ventures. The proceeds will be used to complete the design and engineering work of the company’s first commercial-scale plant- Electra- in North America, which is expected to enter production in 2027.

Oorja, a tech startup specializing in predictive modeling for clean mobility solutions, has secured $1.5 million in funding to support product development, facilitate market expansion, and make inroads in the European and North American markets. The funding round was led by Micelio Fund and Capital-A. Java Capital, Anicut Capital, and Lead Angels also participated in the round. Oorja has been supported by the Indian Science Technology Engineering Facilities Map program.

Raptee, an electric motorcycle startup, secured $3 million in its Pre-Series A funding round led by Bluehill Capital, a deep-tech venture capital firm. Notable industry figures, including Eugene Mayne, Founder and CEO of Tristar Global; Lakshmi Narayanan, Former CEO of Cognizant; Ramesh Kannan, Managing Director at Kaynes Technology; and Chandu Nair, Director at Shankara Building Products, along with other high-net-worth individuals from India and the UAE, also participated in this all-equity funding round. The funds raised will be invested in expanding the company’s manufacturing facility, acquiring machinery and tooling for the upcoming motorcycle launch, and growing the workforce.

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.