From: Mercom Capital Group

Terralayr, a developer, owner, and operator of battery energy storage assets, raised €192 million (~$223 million) in an equity round, including an €80 million (~$93 million) upsizing option. The funding was led by Eurazeo, a French private equity firm, through its Eurazeo Transition Infrastructure Fund, alongside its existing investors RIVE Private Investment, Creandum, Norrsken, Earlybird Venture Capital, and Picus Capital.

Canadian Solar, a solar module and silicon ingot manufacturer, and a solar energy and battery energy storage solutions provider, announced the closing of its previously announced offering of $230 million aggregate principal amount of 3.25% convertible senior notes due 2031. The offering includes the full exercise of the option by the initial purchasers to acquire an additional $30 million aggregate principal amount of the notes, bringing the total proceeds of the issuance to $230 million.

SunLib, a French solar-as-a-service company, secured €25 million (~$29 million) from Épopée Gestion, which operates through its Infrastructure and Climate funds. The company provides customers with access to solar panel installations across France through a monthly subscription model. The funds raised will be used to finance equipment for new subscribers starting in 2026 and support the local installer network.

Himadri Speciality Chemical announced an additional capital injection of AU$10.49 million (~$7.01 million) in Australia-based Sicona Battery Technologies, a developer of materials for lithium-ion batteries. The investment is aimed at subscribing to 3.793 million compulsorily convertible notes (CCNs) with a face value of AU$1.00 (~$0.67) each. The remaining investment of 4.253 million CCNs will be made in agreed tranches.

Independent carbon credit standard and registry, RenewCred, secured equity and grants totalling ₹42.5 million (~$471,000) in a seed funding round. The funding will be used to develop a fully digital, science-led carbon credit standard and registry for the voluntary carbon market. The funding round was led by Campus Angels Network and included participation from Kairos Early Opportunity Fund, build3 Startup Studio, VentureStudio at Ahmedabad University.

GreenTech, an operations and maintenance company specializing in wind turbine asset management, raised ₹300 million (~$3.3 million) in its first funding round, comprising a mix of equity and debt, led by Transition VC. The company plans to deploy the funding to expand its global infrastructure, upgrade its artificial intelligence and machine learning-based predictive maintenance platforms, strengthen its supervisory control and data acquisition analytics systems, and accelerate business development across India and key international wind markets.

Fortescue, a global green energy and metal mining company, announced the acquisition of Zitara, a U.S.-based company specializing in on-site energy storage precision control solutions. The acquisition aims to strengthen the capabilities of Elysia, Fortescue’s software-based battery intelligence platform, by combining its existing cloud-based products with on-site systems for battery energy storage.

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.