silicon

Funding to go toward completing battery manufacturing plant by early 2025

Battery Materials Company Sila Raises $375 Million

July 01
Staff
Storage

Sila, a battery materials company, has secured $375 million in a Series G funding round led by Sutter Hill Ventures, an existing investor, and funds

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

Silicon Battery Technology Startup Ionobell Raises $3.9 Million Financing

March 29
Staff
Storage

Ionobell, a silicon battery technology company, raised $3.9 million in a recent seed extension round led by Dynamo Ventures and Trucks VC, bringing the total

European Energy Secures $73 Million Financing for 148 MW Solar Project

Battery Material Startup E-magy Raises $16 Million in Series A Funding

April 21
Arjun Pradeep
Storage

E-magy, a Netherlands-based cleantech startup that develops a novel silicon material for lithium-ion batteries, raised €15 million (~$16 million) in a Series A funding round.