From: Mercom Capital Group

Sedgeley Solar Group, a renewable energy platform that offers capex-free solar solutions for commercial and industrial clients, raised $60 million in equity funding. The funding was primarily provided by Inspired Evolution’s next-generation energy transition fund, Evolution III, which invested $30 million.

Nanoramic, an energy storage and advanced materials company, secured a total of $54 million for its Series 1 equity funding. This funding round included a recent investment from new partner PEP Capital, as well as continued participation from existing investors. It is intended to help the company further accelerate the global commercialization of its proprietary Neocarbonix technology.

Exowatt, a provider of thermal energy storage solutions, secured an additional $50 million in funding. The investment was led by MVP Ventures and 8090 Industries, along with additional investors including the Florida Opportunity Fund, DeepWork Capital, Dragon Global, Massive VC, New Atlas Capital, BAM, Overmatch, Protagonist, StepStone, Atomic, and Bay Bridge Ventures.

Clarios, a provider of low-voltage energy storage solutions, announced the acquisition of Maxwell Technologies, a manufacturer of supercapacitor cells and modules used in mobility, grid, and on-site power applications, including data centers. Clarios will operate Maxwell Technologies as an independent U.S.-based business unit. Terms of the deal remained undisclosed.

Swish Solar, a cleantech startup that provides self-cleaning solar panel technology, raised $1.5 million in an oversubscribed pre-seed funding round. The round was led by Friday Ventures, with participation from Velocity Fund, Front Row Ventures, Alif Fund, and Suno Growth. The funding is expected to support product manufacturing, AI model development, and team growth across engineering and business development as the company moves toward full commercialization.

France-based solar module manufacturer HoloSolis has secured €220 million (~$255 million) in financing for its solar panel plant in Hambach in the Moselle prefecture. The company, which claims to be building the largest solar module plant in Europe with a capacity of 5 GW, has also secured two new private partners, Calès Technologie and Forming, who have together committed an investment of €13 million (~$15 million) in the facility.

Waaree Energy Storage Systems, the battery energy storage arm of Waaree Energies, raised ₹3.25 billion (~$36.65 million) as part of a ₹10 billion (~$112.78 million) funding round led by investment firm Niveshaay. Niveshaay invested ₹1.28 billion (~$14.44 million) in the round through its Category II Niveshaay Sambhav Fund, Category III Niveshaay Hedgehogs Fund, and the newly launched dedicated collective investment vehicles Niveshaay WESS Fund.

Dispatch Energy, a provider of distributed energy solutions, fully acquired Green Lantern Solar (GLS), an integrated provider, developer, owner, and operator of solar photovoltaic assets. The deal enabled the company to add over 64 solar and battery storage projects from GLS, totaling 208.9 MW, at various stages of development and operation, increasing its total portfolio to 489.5 MW.

Electric vehicle (EV) charging platform, ACS Energy, raised ₹11 million (~$124,149) in a pre-seed round from Inflection Point Ventures. The funding will be utilized to deploy over 5,000 UPI-enabled EV charging stations across Maharashtra and Gujarat using its smart AC chargers and ACS pay platforms. It will also be used to develop advanced energy management systems for high-rise buildings. The ACS Energy system utilizes AI to manage loads and ensure payments are fast and transparent.

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.