From: Mercom Capital Group

Sention Technologies, a company that provides battery quality monitoring solutions, has secured £3.7 million (~$5 million) in seed funding. Twin Path Ventures led the funding round, which was joined by Doral Energy-Tech Ventures, Endgame Capital, Energy Revolution Ventures, G.K. Goh Ventures, Green Angel Ventures, Third Sphere, and the UK Innovation and Science Seed Fund. With this funding, the company plans to accelerate the commercialization of its Senturion and AI-driven data fusion software, Sentinel. Additionally, Sention plans to invest in R&D for its next-generation product, Sentry, which is designed to integrate directly into production lines.

Contemporary Amperex Technology (CATL), a China-based battery manufacturing and technology company, announced the listing on the Main Board of the Hong Kong Stock Exchange (HKEX) under stock code 3750, raising $4.6 billion. The offering is said to have attracted investors from 15 countries and regions worldwide. The initial public offering (IPO) comprises 135 million shares, before the greenshoe option, at HKD 296 (~$37.80) each, representing a 12.55% increase from the offering price. According to the company, this makes it the first A-share company to seek a secondary listing in Hong Kong with a price cap for the issuance.

Amp Energy, a global energy transition and digital infrastructure platform, announced that its Australia and U.K. businesses have been acquired by Revera Energy, an independent energy infrastructure platform launched by global investment firm Carlyle. Amp entered the Australian market in 2017 with operations across South Australia and New South Wales. In the UK, Amp hands over a development team and platform consisting of 1.2GW of late-stage battery storage projects in Scotland. Since its inception, Amp is stated to have developed and built or contracted 14 GW of assets globally.

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.