Terabase Energy, a digital solutions provider for solar power projects, received $130 million in a Series C funding round led by SoftBank Vision Fund 2, with participation from existing and new strategic investors. This round brings the company’s total funding to over $200 million. The company provides digitalization and automation solutions for utility-scale solar power projects through its platform, which is stated to combine AI, software, automation, SCADA, and project controls.
Catalyze, a project developer and Independent Power Producer of distributed renewable energy assets has secured a $400 million multiyear debt facilityportfolio of commercial and industrial, community solar, and battery storage projects across the U.S.
Energy storage solutions provider AmpereHour Energy secured $5 million (₹415 million) in a Series A funding round led by Avaana Capital, with participation from UC Impower and existing angel investors. The company will utilize the funds to accelerate its battery energy storage solutions deployment, enhance manufacturing capabilities, expand product offerings, and strengthen research and development efforts.
Amrut Energy, a solar water pump manufacturer and renewable energy solutions provider, secured ₹1 billion (~$11.49 million) in funding from private equity investors. The company aims to utilize the investment to expand manufacturing capabilities, drive research and development, and scale operations across underserved regions.
Solar power systems company SWELECT Group secured ₹2.9 billion (~$33.39 million) in funding through non-convertible debentures via a private placement with India Infradebt. This initiative, backed by a portion of its solar power assets, has released ₹2.6 billion (~$29.94 million) in cash collaterals. The funds will be reinvested to expand SWELECT’s independent power producer portfolio to 1 GW by 2026-27.
JSW Neo Energy, a wholly owned subsidiary of JSW Energy, acquired a 100% share in Virya Infrapower for ₹75.4 million (~$866,000) in an all-cash transaction. The acquisition was completed on March 12, 2025, the same day the share purchase agreement was signed. This purchase makes Virya Infrapower a step-down subsidiary of JSW Energy.
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.
