Funding Archives - Page 10 of 120 - 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

Atlas Renewable Energy Secures $113 Million Financing for Solar Project

September 16
Staff
Solar

Atlas Renewable Energy, a solar and wind project developer, secured a COP 473.77 billion (~$113 million) senior secured loan to develop, construct, and operate the

National Renewable Solutions Secures $145 Million in Project Financing

Encavis Secures $67 Million Financing for 114 MW Solar Project

September 12
Staff
Solar

Encavis, a solar and wind project developer, has signed a non-recourse project financing agreement of €60.7 million (~$67.10 million) for its 114.2 MW Lindenhof solar

Thermal Energy Storage Company Exowatt Closes $70 Million

Funding and M&A Roundup: Energy Storage Company 24M Raises $87 Million

September 11
Staff
Solar, Storage

24M, a manufacturer of proprietary semisolid battery cells, closed a $87 million Series H funding round, bringing its total amount raised to over $500 million.

OnePlanet Raises $7 Million in Seed Funding

Energy Storage Company 24M Raises $87 Million in Series H Funding

September 10
Staff
Storage

24M, a manufacturer of proprietary semisolid battery cells, closed a $87 million Series H funding round, bringing its total amount raised to over $500 million.

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

Enfinity Global Secures $210 Million Financing for 157 MW Solar Projects

September 03
Staff
Solar

Enfinity Global, a renewable energy project developer, announced that it has closed €189.6 million (~$209.77 million) financing for constructing eight utility-scale solar projects totaling 157.1

SIG Secures Construction Bridge Facility for 29 MW Solar Project Portfolio

September 02
Staff
Solar

Sun Investment Group (SIG), a solar project developer and investment management company, secured a €16 million (~$17.87 million) construction bridge financing facility from an international

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

Sunly Secures $335 Million for Hybrid Renewable Projects in Baltics and Poland

August 29
Staff
Solar, Storage

Sunly, a renewable energy power producer, secured €300 million ($335.15 million) financing from Scandinavian and French investors for developing 1.3 GW of solar, wind, storage,

Enfinity Global Secures $558 Million Financing for Solar Projects in Italy

August 29
Staff
Solar

Enfinity Global, a U.S.-based renewable energy project developer, announced the financial close of €500 million (~$558.73 million), which will support the development and construction of

Clearway Secures $550 Million Financing for Solar and Storage Project

August 29
Staff
Solar, Storage

Clearway Energy Group, a developer and operator of clean energy projects, closed $550 million in financing for developing its Rosamond South I solar and storage