PVcase, a solar project design software provider, has secured an investment of $100 million, bringing the company’s total funding to over $123 million. Highland Europe, Energize, and existing investor Elephant participated in the round. The funding is expected to help PVcase accelerate its product development, expand its global presence, and integrate its platform with other industry-leading solutions.
Peaxy, a cloud software company specializing in battery lifecycle analytics, has secured $12 million in a Series B2 funding round to transform battery lifecycle analytics and digital twins. The new funding will enable Peaxy to accelerate the development and deployment of its flagship product, Peaxy Lifecycle Intelligence (PLI), a cloud-based predictive analytics platform.
ROCSYS, a provider of robotic solutions for electric vehicle charging, announced that it has raised $36 million in a Series A funding round led by Forward. One and InMotion Ventures, the venture capital arm of Jaguar Land Rover. The funding will enable ROCSYS to expand its product portfolio, grow its team, and scale up its operations in Europe and North America. The company will also use the funds to accelerate the development and deployment of its autonomous charging solutions for passenger cars, trucks, and buses.
Neuron Energy, a Mumbai-based lithium-ion battery manufacturer, has raised ₹200 million (~$2.4 million) in its pre-series A round. The investment was led by Equanimity Investments and the Rajiv Dadlani Group. It also saw participation from Chona Family Office (Havmor Group) and Kayenne Ventures. The funds will be used to secure ICAT certifications, invest in mold development, and strengthen the workforce by expanding the research and development team and hiring CXOs and senior management.
TROES, an energy storage company, announced the successful closing of its Pre-Series A funding. The Silicon Valley-based Mobility Innovation Fund led the round, managed by leading global automotive enterprises SAIC Motor and Wanxiang Group. In addition to the equity investment, TROES will receive trading support from this group, utilizing a substantial credit facility provided by JP Morgan to meet the fast-growing customer demand better.
Click here for reports and trackers on funding and M&A transactions in solar, energy storage, and smart grid sectors.
Read last week’s funding roundup.
July 19, 2023 CORRECTION: Inaccurately listed investors under Peaxy deal have been removed.