Funding and M&A Roundup: SAX Power Raises $11.6 Million
Goldi Solar secures $161 million in Havells-led funding round
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SAX Power, a manufacturer of energy storage systems, completed its third funding round, raising €10 million (~$11.6 million) from a consortium of international and regional investors. The round was led by Yotta Capital Partners, a Paris-based private equity firm, with participation from Alb-Donau-Ulm Kapital, the investment company of Sparkasse Ulm, and other private investors. WIPIT advised SAX Power on the transaction. The new funding will enable SAX Power to strengthen its market position and advance industrial scaling efforts.
