Battery Archives - Page 3 of 21 - Mercom Capital Group

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

Lithium Exploration Company M4E Lithium Secures $7.5M to $10M in Financing

March 19
Staff
Storage

M4E Lithium, a lithium exploration company, secured $7.5 million to $10 million in funding from Lithium Royalty Corp. (LRC) and the Electrification and Decarbonization (E&D)

Jupiter Power Secures $225 Million in Corporate Credit Facility

Battery Startup Anthro Energy Raises $20 Million in Series A Funding

March 04
Staff
Storage

Anthro Energy, a provider of lithium-based battery solutions, announced the closing of an over-subscribed $20 million Series A funding round. Collaborative Fund led the financing,

METLEN Secures $71 Million Financing for Solar Portfolio in Italy

Project Finance Brief: Strata Clean Energy Secures $559 Million for Storage Project

February 28
Staff
Solar, Storage

Strata Clean Energy, a developer, owner, and operator of renewable energy projects, secured $559 million in financing for a 255 MW/1,020 MWh Scatter Wash energy

DRI Secures $26 Million Financing for Glodeni II Solar Project in Romania

Azul Energy Raises $3.2 Million Series A Funding

February 06
Arjun Pradeep
Solar, Storage

AZUL Energy, a developer of catalytic electrodes for fuel cells and metal-air batteries, raised ¥475 Million ($3.2 Million) in Series A Funding led by Spiral

Energy Storage Industries Raises $40 Million in Funding for Iron Flow Batteries

Volvo Group Acquires Proterra’s Battery Business for $210 Million

February 06
Staff
Storage

The Volvo Group announced the acquisition of the battery business from EV company Proterra and Proterra Operating Company. The deal was valued at $210 million

Home Battery Company Haven Energy Raises $7 million Series A Funding

February 02
Staff
Storage

Haven Energy, a provider of home battery solutions, secured a total of $7 million in Series A funding. The round includes returning investors Lerer Hippeau,

R.Power Secures $40 Million Financing for 68 MW Solar Project Portfolio in Portugal

Sion Power Raises $75 Million in Series A Funding

January 29
Arjun Pradeep
Storage

Sion Power Corporation, a developer of batteries for electric vehicles, secured $75 million in Series A funding. The round was led by LG Energy Solution

Aura Power Secures $39 Million Project Financing for Kemble Solar Project

Battery Manufacturer Northvolt Secures $5 Billion Loan

January 19
Staff
Storage

Northvolt, a Sweden-based manufacturer of lithium-ion batteries, announced the signing of a $5 billion non-recourse project financing to expand its battery gigafactory, Northvolt Ett, in

Energy Storage Company Cactos Raises $28 Million

January 16
Staff
Storage

Cactos, a developer of energy storage systems, has secured over €26 million (~$28 million) in equity funding from OP Finland Infrastructure and the Finnish Climate

EV and Battery Data Company Recurrent Secures $16 Million

January 09
Staff
Storage

Recurrent, an electric vehicle (EV) and battery health data company, has secured $16 million in an oversubscribed Series A funding round led by ArcTern Ventures.