Funding

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POWERGRID Board Approves Raising up to ₹60 Billion Loan from SBI

The Government-owned transmission utility, Power Grid Corporation of India’s (POWERGRID) Board has approved raising funds of up to ₹60 billion (~$676.05 million) through...

November 5, 2025

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Staff

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Finance and M&A

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Other
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Funding and M&A Roundup: SAX Power Raises $11.6 Million

From: Mercom Capital Group SAX Power, a manufacturer of energy storage systems, completed its third funding round, raising €10 million (~$11.6 million) from a consortium...

November 5, 2025

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Staff

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Finance and M&A

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Other
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Daily News Wrap-Up: Energy Storage Drew $2.8 Billion in VC Funding in 9M 2025

Corporate funding for energy storage companies came in at $11.2 billion across 85 deals in the first nine months (9M) of 2025, down 36% year-over-year (YoY) from $17.6...

November 5, 2025

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Mercom Staff

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Daily Wrap-up

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Other
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Project Finance Brief: GoldenPeaks Secures $133 Million for Solar Portfolio

From: Mercom Capital Group GoldenPeaks Capital (GPC), an independent renewable energy power producer, closed a senior loan facility of €114 million (~$133 million) to...

November 5, 2025

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Staff

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Solar
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Tata Capital, GCF Partner to Support Climate-Tech Startups in India

Tata Capital (TCL), the financial services company of the Tata Group, has partnered with the Green Climate Fund (GCF) under its newly approved BEACON India program to...

November 4, 2025

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Staff

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Finance and M&A

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Renewable Energy
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Daily News Wrap-Up: JAKEDA Tenders 153 MW Rooftop Solar Projects

Jammu and Kashmir Energy Development Agency (JAKEDA) issued a request for selection to empanel developers to set up 152.75 MW of grid-connected rooftop solar projects on...

October 30, 2025

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Mercom Staff

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Daily Wrap-up
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EV Powertrain Company Raises ₹400 Million from Avaana Capital

Greater Noida-based electric vehicle (EV) powertrain design and manufacturing company Tsuyo has raised ₹400 million (~$4.82 million) in a Pre-Series A funding round led...

October 29, 2025

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Staff

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Electric Vehicles

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Finance and M&A
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Blueleaf, BII Sign $75 Million Agreement to Boost Renewable Energy in India

Singapore-based renewable energy platform Blueleaf Energy has signed an agreement with UK-based development finance institution and impact investor British International...

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Goldi Solar Secures ₹14 Billion in Havells-led Funding Round

Solar module manufacturer Goldi Solar has secured ₹14.22 billion (~$161.07 million) in growth capital in a funding round led by Havells India, high-net-worth individuals,...

October 29, 2025

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Staff

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Finance and M&A

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Solar
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Funding and M&A Roundup: Redwood Materials Raises $350 Million

From: Mercom Capital Group Battery recycling firm Redwood Materials closed a $350 million Series E funding round, led by Eclipse, with participation from NVentures, the...

October 29, 2025

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Staff

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Finance and M&A

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Other
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Smart Grid Analytics Raises $3.3 Million from Strategic Investors

Bengaluru-based renewable energy intelligence company Smart Grid Analytics has raised $3.3 million (~₹289.75 million) in funding from strategic investors and clean...

October 27, 2025

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Melvin Mathew

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Finance and M&A

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Grid

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Smart Grid
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Radiance and Sunsure Secure ₹6.8 Billion Funding from NIIF IFL

Renewable energy solutions providers, Radiance Renewables and Sunsure Energy, have received cumulative funding of ₹6.8 billion (~$77.47 million) from NIIF Infrastructure...

October 23, 2025

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Melvin Mathew

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Finance and M&A

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Solar
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Fuel Cell Firm Umagine Hydrogen Secures $850,000 Seed Funding

Hydrogen fuel cell manufacturer Umagine Hydrogen has secured $850,000 (~₹74.78 million) funding in a seed round from Venture Catalysts. Apart from Venture Catalysts, the...

October 22, 2025

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Melvin Mathew

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Energy Storage

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Finance and M&A
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Funding and M&A Roundup: Return Raises $348 Million

From: Mercom Capital Group Energy Storage Solutions Provider Return has secured €300 million (~$348 million) in growth equity from APG, on behalf of its pension fund...

October 22, 2025

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Staff

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Finance and M&A

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Other
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Project Finance Brief: Lightsource bp Secures Tax Equity Financing for 187 MW Solar Project

From: Mercom Capital Group Lightsource bp, a renewable energy project developer, and Pinnacle Financial Partners announced the closing of $97.9 million tax equity...

October 22, 2025

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Staff

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Finance and M&A

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Solar

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