Apricus Generation Archives - Mercom Capital Group

Apricus Generation Secures $30 Million Revolving Credit Facility

March 27
Staff
Solar, Storage

Apricus Generation, a distributed solar and battery development platform and independent power producer, announced that it has secured a $30 million revolving credit facility with

Funding and M&A Roundup: SmartSolar Raises $1.8 Million in Seed Funding ORIT secures $125 million five-year term loan facility SmartSolar, a rooftop solar solution provider, has raised $1.85 million in seed funding. The funding was led by Picus Capital and 2degrees, along with participation from early-stage venture capital firm Iterative. With this funding, the company plans to accelerate its growth in Vietnam and expand its footprint across Southeast Asia. The company offers rooftop solar solutions designed to help businesses cut down on electricity costs. Octopus Renewables Infrastructure Trust, an investment company, announced that it has signed a £100 million (~$125 million) five-year term loan facility with three of its existing lenders, Santander, National Australia Bank, and Allied Irish Banks. The funding will be used to pay down a portion of the existing and more expensive Revolving Credit Facility (RCF) debt. According to ORIT, it has drawn £151.2 million (~$191 million) on the RCF so far. Vidyut, an electric vehicle ecosystem platform, has raised $2.5 million in funding from global investor Flourish Ventures. The company will utilize the acquired funds to expand its Battery-as-a-Service offering in passenger and commercial EV segments. By unbundling batteries from EVs and offering them on a pay-per-km subscription basis, Vidyut claimed it had reduced upfront electric three-wheeler costs by 35-40%. 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. Tags: Vidyut, Octopus Renewables Infrastructure Trust, SmartSolar, solar, funding

Funding and M&A Roundup: Battery Startup WATTALPS Secures $12 Million

September 04
Staff
Solar, Storage

WATTALPS, a European lithium-based battery startup, has secured €11 million (~$12 million) in Series A funding. New investors led this funding round, including Supernova Invest, Move

Apricus Generation Raises Series A Funding to Support Growth

September 03
Staff
Solar, Storage

Apricus Generation, a distributed solar and battery development platform and independent power producer, announced closing an undisclosed Series A funding round led by Blue Marlin

Investor Greg Skinner Acquires 50% Stake in Ethical Power Group

Funding and M&A Roundup: Apricus Acquires Controlling Stake in Nexus

Apricus Generation, a holding company designed to build a national distributed solar and battery development platform and independent power producer (IPP), acquired a controlling stake

TPG to Acquire Solar Project Developer Altus Power

Apricus Generation Acquires Controlling Stake in Nexus Renewables

June 04
Staff
Solar, Storage

Apricus Generation, a holding company designed to build a national distributed solar and battery development platform and independent power producer (IPP), acquired a controlling stake