From: Mercom Capital Group

Form Energy, an iron-air-based battery systems provider, has raised $750 million in a Series G financing round, bringing Form Energy’s total equity funding to more than $2 billion. T. Rowe Price led the round, along with new investors Sequoia Capital, Janus Henderson, Franklin Templeton, and PEAK6 Investments. Morgan Stanley acted as the sole placement agent for the private placement.

Hydrostor, a developer and operator of compressed air energy-based long-duration energy storage systems, has secured a $230 million equity investment from existing and new investors. The investment includes previously announced funding from a convertible note committed by Canada Growth Fund, Goldman Sachs Alternatives, and Canada Pension Plan Investment Board. Additional funding came through a strategic equity round involving Baker Hughes, Hatch, Realize Capital Partners, a Social Finance Fund wholesaler, and other investors.

Motilal Oswal Group has committed ₹15 billion (~$157.20 million) to Inox Clean Energy, the integrated renewable energy platform of the INOXGFL Group. Of the amount, ₹10 billion (~$104.80 million) has already been invested through compulsorily convertible debentures. The fresh capital will be utilized to support Inox Clean’s growth trajectory and its inorganic growth initiatives. Inox Clean operates its renewable independent power producer (IPP) business through its subsidiary, Inox Neo Energies, and its solar manufacturing business through Inox Solar.

Londian Wason, a manufacturer of electrolytic copper foil, has raised $94.3 million through its initial public offering. The company is listed on the New York Stock Exchange under the ticker symbol FOIL. Londian Wason said it is the only copper foil manufacturer worldwide to have chosen a U.S. public listing. It has offered approximately 4.3 million American Depositary Shares at $22 per share.

Electric mobility-as-a-service company Yulu has raised $93 million in a Series C funding round led by GEF Capital Partners. The funding comprises $63 million in equity and $30 million in debt. The Bengaluru-based company plans to use the proceeds to increase its active fleet fourfold to 200,000 electric vehicles over the next two years, expand its service hub network, and strengthen enterprise partnerships. Yulu also plans to launch Yulu Express, a full-sized, high-payload electric scooter designed for e-commerce logistics, bike taxis, and express parcel delivery services.

SunScout Holding Limited, a clean-technology company developing autonomous solar-powered robotic mowers and related solar energy solutions, has raised $15.5 million through its initial public offering. The company offered 3.1 million Class A ordinary shares at $5 per share. SunScout’s Class A ordinary shares began trading on the NYSE American and NYSE Texas under the ticker symbol ‘SNSC’ on August 12, 2026.

Kinematics, a provider of motion control systems for solar, industrial, and satellite applications, has acquired RenuTrak, a provider of solar tracker repowering solutions. The financial terms of the acquisition were not disclosed. RenuTrak focuses on repowering existing solar tracker systems by upgrading selected components and controls rather than replacing entire tracker systems, according to Kinematics.

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.