NEXtracker 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

Funding and M&A Roundup: Doral Renewables Secures $400 Million

June 26
Staff
Solar, Storage

Doral Renewables, a utility-scale renewable energy project developer, secured a $400 million minority equity investment from Dutch pension APG on behalf of Dutch pension fund

Ardian to Acquire Renewables Company Akuo

Solar Tracking Solution Provider Nextracker Acquires Foundation Developer Ojjo

June 24
Staff
Solar

Nextracker, a solar tracker and software solutions provider, announced the acquisition of Ojjo, a company specializing in foundation technology and services used in utility-scale ground-mount

Funding and M&A Roundup Cirba Raises $50 Million for Battery Recycling

Funding and M&A Roundup: Cirba Solutions Raises $50 Million for Battery Recycling

February 15
Dayanand Kori
Solar, Storage

Cirba Solutions, a provider of end-to-end battery recycling management solutions, received a $50 million minority investment from Tokyo-based Marubeni Corporation. Cirba says this investment supports