Materials Archives - 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)

Nautilus Solar Energy Closes $202 Million Institutional Debt Private Placement

Battery Material Startup Atlas Materials Raises $27 Million

October 03
Sohini Aich
Storage

Atlas Materials, a producer of battery-grade nickel, raised $27 million in a Series A funding round supported by climate technology investors, including the Grantham Environmental Trust

Smart Home Company myenergi Gets $36 Million

UK Based Mineral Exploration Company Cornish Lithium Secures $67 Million Funding

Cornish Lithium, a U.K.-based mineral exploration and development company, has secured a $67 million direct equity investment led by UK Infrastructure Bank alongside the Energy

Technology Minerals Raises $2.7 Million for Battery Materials Recycling Solutions

March 28
Sohini Aich
Storage

Technology Minerals, a company developing a circular economy for battery metals, has announced that it has secured £2.5 million (~$2.7 million) from a new investor.

Battery Materials Company Ascend Elements Raises $300 Million in Funding

October 28
Arjun Pradeep
Storage

Ascend Elements, a provider of closed-loop battery materials solutions, raised $300 million in equity and debt financing. The funding round includes $200 million in Series