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Tyba, a company that provides an optimization platform for energy storage projects, <a href="https://cms.mercomindia.com/energy-storage-solutions-provider-tyba-raises-13-9-million/" target="_blank" rel="noopener">secured</a> $13.9 million in Series A funding, bringing its total funding raised to $18.15 million. Energize Capital led the funding round. With this funding, the company intends to expand its AI-enabled energy forecasting, trading, and optimization solution, assisting energy producers in maximizing revenue, supporting grid reliability, and expanding their portfolios.
Altus Power, an independent developer, owner, and operator of commercial-scale solar facilities, <a href="https://cms.mercomindia.com/tpg-to-acquire-solar-project-developer-altus-power/" target="_blank" rel="noopener">announced</a> it has entered into a definitive agreement to be acquired by TPG, a global alternative asset management firm, through its TPG Rise Climate transition infrastructure strategy for $5 per share of its Class A common stock. The all-cash transaction values the company at approximately $2.2 billion, including its outstanding debt. Altus Power expects this partnership to help expand its operations.
ACT-ion Battery Technologies, a cathode active materials (CAM) manufacturer for lithium-ion batteries, has <a href="https://cms.mercomindia.com/act-ion-battery-technologies-raises-7-5-million/" target="_blank" rel="noopener">secured</a> $7.5 million in a Pre-Series A funding round. This funding round was led by BASF Venture Capital with participation from Hunt Energy Enterprises, Mirae Asset Capital, Arosa Capital Management, and LG Technology Ventures. The company is expected to use this funding to accelerate its CAM production technology, with a goal of establishing an operational pilot facility by 2025, with validations from industry partners.
Epyr, a thermal energy storage (TES), has <a href="https://cms.mercomindia.com/thermal-energy-storage-startup-epyr-million/" target="_blank" rel="noopener">raised</a> €3 million (~$3.1 million) in an oversubscribed pre-seed funding round. This funding round was co-led by AENU and Daphni. OVNI Capital, WEPA Ventures, and several other European angel investors joined in the round. Epyr plans to use the funding to standardize its TES technology, which includes hardware heat batteries and AI-driven heat optimization software.
Presto, a provider of EV charging solutions, <a href="https://www.prnewswire.com/news-releases/all-in-one-ev-charging-platform-presto-raises-15m-in-seed-funding-partners-with-uber-avis-hertz-and-zipcar-302369428.html" target="_blank" rel="noopener">raised</a> $15 million in Seed funding. Union Square Ventures, Congruent Ventures, Powerhouse Ventures, and Jetstream provided the funding. The company intends to use the funds to onboard new fleets, integrate more chargers, and add new features.
For reports and trackers on funding and M&amp;A transactions in solar, energy storage, and smart grid sectors, click <a href="https://cms.mercomindia.com/clean-energy-reports/" target="_blank" rel="noopener">here</a>.
Read last week&#8217;s funding <a href="https://cms.mercomindia.com/funding-and-ma-roundup-sunrun-prices-629-million-in-senior-securitization/" target="_blank" rel="noopener">roundup</a>.

Funding and M&A Roundup: Energy Storage Company Tyba Raises $13.9 Million

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					</table>From: <a href="https://mercomcapital.com/funding-ma-roundup-storage-storage-company-tyba-raises-13-9-million/" target="_blank" rel="noopener">Mercom Capital Group</a>
Tyba, a company that provides an optimization platform for energy storage projects, <a href="https://mercomcapital.com/energy-storage-solutions-provider-tyba-raises-13-9-million/" target="_blank" rel="noopener">secured</a> $13.9 million in Series A funding, bringing its total funding raised to $18.15 million. Energize Capital led the funding round. With this funding, the company intends to expand its AI-enabled energy forecasting, trading, and optimization solution, assisting energy producers in maximizing revenue, supporting grid reliability, and expanding their portfolios.
Altus Power, an independent developer, owner, and operator of commercial-scale solar facilities, <a href="https://mercomcapital.com/tpg-to-acquire-solar-project-developer-altus-power/" target="_blank" rel="noopener">announced</a> it has entered into a definitive agreement to be acquired by TPG, a global alternative asset management firm, through its TPG Rise Climate transition infrastructure strategy for $5 per share of its Class A common stock. The all-cash transaction values the company at approximately $2.2 billion, including its outstanding debt. Altus Power expects this partnership to help expand its operations.
ACT-ion Battery Technologies, a cathode active materials manufacturer for lithium-ion batteries, has <a href="https://mercomcapital.com/act-ion-battery-technologies-raises-7-5-million/" target="_blank" rel="noopener">secured</a> $7.5 million in a Pre-Series A funding round. This funding round was led by BASF Venture Capital with participation from Hunt Energy Enterprises, Mirae Asset Capital, Arosa Capital Management, and LG Technology Ventures. The company is expected to use this funding to accelerate its CAM production technology, with a goal of establishing an operational pilot facility by 2025.
Epyr, a thermal energy storage (TES), has <a href="https://mercomcapital.com/thermal-energy-storage-startup-epyr-million/" target="_blank" rel="noopener">raised</a> €3 million (~$3.1 million) in an oversubscribed pre-seed funding round. This funding round was co-led by AENU and Daphni. OVNI Capital, WEPA Ventures, and several other European angel investors joined in the round. Epyr plans to use the funding to standardize its TES technology, which includes hardware heat batteries and AI-driven heat optimization software.
Presto, a provider of EV charging solutions, <a href="https://www.prnewswire.com/news-releases/all-in-one-ev-charging-platform-presto-raises-15m-in-seed-funding-partners-with-uber-avis-hertz-and-zipcar-302369428.html" target="_blank" rel="noopener">raised</a> $15 million in Seed funding. Union Square Ventures, Congruent Ventures, Powerhouse Ventures, and Jetstream provided the funding. The company intends to use the funds to onboard new fleets, integrate more chargers, and add new features.
For reports and trackers on funding and M&amp;A transactions in solar, energy storage, and smart grid sectors, click <a href="https://mercomcapital.com/clean-energy-reports/" target="_blank" rel="noopener">here</a>.
Read last week&#8217;s funding <a href="https://www.mercomindia.com/funding-and-ma-roundup-sunrun-prices-629-million" target="_blank" rel="noopener">roundup</a>.

<a href="https://www.act-ion.com/" target="_blank" rel="noopener">ACT-ion Battery Technologies</a>, a cathode active materials (CAM) manufacturer for lithium-ion batteries, has secured $7.5 million in a Pre-Series A funding round.
This funding round was led by BASF Venture Capital with participation from Hunt Energy Enterprises, Mirae Asset Capital, Arosa Capital Management, and LG Technology Ventures.
The company is expected to use this funding to accelerate its CAM production technology, with a goal of establishing an operational pilot facility by 2025, with validations from industry partners.
“We are excited to have led this financing round and to support ACT-ion as a partner.  With the market need for novel battery materials, and the processes to produce them, ACT-ion’s mission to improve CAM aligns well with BASF’s efforts to deliver innovation to our customers,” said Joshua Speros, Investment Manager at BASF Venture Capital.
According to the company, it utilizes proprietary manufacturing technology, and produces coated single-crystal CAMs for lithium batteries.
“The domestic production of battery materials at cost will mark a significant milestone in the US CAM industry,” said Lillian Shattock, Director of Private Investments at Arosa Capital Management. “We are thrilled to support ACT-ion, as we believe their technology can be a pivotal enabler of domestic CAM manufacturing.”
According to Mercom’s Annual and Q4 2024 Funding and M&amp;A <a href="https://cms.mercomindia.com/product/annual-q4-2024-funding-ma-report-storage-grid/" target="_blank" rel="noopener">Report</a> for Energy Storage and Smart Grid, Venture Capital funding in the Energy Storage sector in 2024 decreased 60% YoY, with $3.7 billion in 84 deals compared to $9.2 billion in 86 deals in 2023.
In December, Nanoramic, an energy storage and advanced materials company, <a href="https://cms.mercomindia.com/battery-materials-company-nanoramic-raises-44-million-funding/" target="_blank" rel="noopener">secured</a> $44 million in funding. General Motors Ventures and Catalus Capital co-led the round, with participation from Samsung Venture Investment Corporation, Top Material, and existing investors, including Fortistar Capital and WindSail Capital Group.

ACT-ion Battery Technologies Raises $7.5 Million

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