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TRENDE, a provider of renewable energy solutions in Japan, <a href="https://cms.mercomindia.com/renewable-energy-solutions-provider-trende-secures-7-2-million/" target="_blank" rel="noopener">announced</a> the completion of a JPY1.07 billion (~$7.2 million) funding round through third-party allocation. The investment round was led by four new shareholders: Tokyo Century Corporation, National Federation of Agricultural Cooperative Associations, Zen-Noh Energy Corporation, and Toshiba Infrastructure Systems &amp; Solutions Corporation.
Green transition-focused non-banking finance company Ecofy Finance has<a href="https://www.mercomindia.com/rooftop-solar-financing-firm-ecofy-secures-12-5-million-loan-from-ifu" target="_blank" rel="noopener"> secured</a> a $12.5 million (~₹1.07 billion) long-term loan from the Danish government’s Investment Fund for Developing Countries (IFU). Ecofy will utilize the funds to expand its loan portfolio for electric vehicles and rooftop solar systems. A portion of the financing will be directed towards aiding individuals and small and medium-sized enterprises who lack funding to become green consumers.
Capalo AI, a provider of battery energy storage-based virtual power plant solutions, has <a href="https://cms.mercomindia.com/software-company-capalo-ai-raises-4-million-in-seed-funding/" target="_blank" rel="noopener">secured</a> €3.8 million (~$4 million) in a seed funding round led by VentureFriends and PROfounders, with participation from existing investors Inventure and Innovestor. With this funding, the company plans to accelerate its European expansion and grow its client portfolio. With this funding, the company plans to accelerate its European expansion and grow its client portfolio.
Hero MotoCorp has <a href="https://www.mercomindia.com/hero-motocorp-acquires-32-5-stake-in-euler-motors-for-%E2%82%B95-25-billion" target="_blank" rel="noopener">announced</a> an investment of ₹5.25 billion (~$61.06 million) in Euler Motors to expand into the electric three-wheeler market. The investment will be made in one or more tranches for Hero MotoCorp to acquire a 32.5% stake on a fully diluted basis. The investment will be made through a mix of primary and secondary acquisitions and is expected to be completed by April 30, 2025.
Indian Government-owned lender Indian Renewable Energy Development Agency (IREDA) has <a href="https://www.mercomindia.com/ireda-issues-perpetual-bonds-to-raise-%E2%82%B912-47-billion" target="_blank" rel="noopener">issued</a> its first-ever perpetual bonds worth ₹12.47 billion (~$144.5 million) at an annual coupon rate of 8.4%. By issuing the bonds, IREDA targets enhancing its Tier-I capital for a stronger financial foundation. IREDA also received a fund of ₹244.8 million (~$2.6 million) from the Income Tax Department.
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-terabase-energy-secures-130-million/" target="_blank" rel="noopener">roundup</a>.

Funding and M&A Roundup: TRENDE Secures $7.2 Million

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					</table>From: <a href="https://mercomcapital.com/funding-and-ma-roundup-trende-secures-7-2-million/" target="_blank" rel="noopener">Mercom Capital Group</a>
TRENDE, a provider of renewable energy solutions in Japan, <a href="https://mercomcapital.com/renewable-energy-solutions-provider-trende-secures-7-2-million/" target="_blank" rel="noopener">announced</a> the completion of a JPY1.07 billion (~$7.2 million) funding round through third-party allocation. The investment round was led by four new shareholders: Tokyo Century Corporation, National Federation of Agricultural Cooperative Associations, Zen-Noh Energy Corporation, and Toshiba Infrastructure Systems &amp; Solutions Corporation.
Green transition-focused non-banking finance company Ecofy Finance has<a href="https://www.mercomindia.com/rooftop-solar-financing-firm-ecofy-secures-12-5-million-loan-from-ifu" target="_blank" rel="noopener"> secured</a> a $12.5 million (~₹1.07 billion) long-term loan from Denmark government’s Investment Fund for Developing Countries (IFU). Ecofy will utilize the funds to expand its loan portfolio for electric vehicles and rooftop solar systems. A portion of the financing will be directed towards aiding individuals and small and medium-sized enterprises who lack funding to become green consumers.
Capalo AI, a provider of battery energy storage-based virtual power plant solutions, has <a href="https://mercomcapital.com/software-company-capalo-ai-raises-4-million-in-seed-funding/" target="_blank" rel="noopener">secured</a> €3.8 million (~$4 million) in a seed funding round led by VentureFriends and PROfounders, with participation from existing investors Inventure and Innovestor. With this funding, the company plans to accelerate its European expansion and grow its client portfolio. With this funding, the company plans to accelerate its European expansion and grow its client portfolio.
Hero MotoCorp has <a href="https://www.mercomindia.com/hero-motocorp-acquires-32-5-stake-in-euler-motors-for-%E2%82%B95-25-billion" target="_blank" rel="noopener">announced</a> an investment of ₹5.25 billion (~$61.06 million) in Euler Motors to expand into the electric three-wheeler market. The investment will be made in one or more tranches for Hero MotoCorp to acquire a 32.5% stake on a fully diluted basis. The investment will be made through a mix of primary and secondary acquisitions and is expected to be completed by April 30, 2025.
Indian Government-owned lender Indian Renewable Energy Development Agency (IREDA) has <a href="https://www.mercomindia.com/ireda-issues-perpetual-bonds-to-raise-%E2%82%B912-47-billion" target="_blank" rel="noopener">issued</a> its first-ever perpetual bonds worth ₹12.47 billion (~$144.5 million) at an annual coupon rate of 8.4%. By issuing the bonds, IREDA targets enhancing its Tier-I capital for a stronger financial foundation. IREDA also received a fund of ₹244.8 million (~$2.6 million) from the Income Tax Department.
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-terabase-energy-secures-130-million" target="_blank" rel="noopener">roundup</a>.

<a href="https://capaloai.com/?_gl=1%2A1wyt2wz%2A_up%2AMQ..%2A_ga%2AODQyMzA5OTM2LjE3NDI0NzQxMjU.%2A_ga_SGRQ81D5KF%2AMTc0MjQ3NDEyNC4xLjAuMTc0MjQ3NDEyNC4wLjAuMA.." target="_blank" rel="noopener">Capalo AI</a>, a provider of battery energy storage-based virtual power plant solutions, has secured €3.8 million (~$4 million) in a seed funding round led by VentureFriends and PROfounders, with participation from existing investors Inventure and Innovestor.
“Battery Energy Storage Systems will play a key role in the transition to clean energy since they are the most cost-effective and multi-functional tool for grid balancing,” said George Dimopoulos, partner at VentureFriends.
With this funding, the company plans to accelerate its European expansion and grow its client portfolio. The company also recently announced a partnership in Sweden with Å Entelios, a Nordic utility company.
“Battery energy storage systems are essential for driving the transition to clean energy and maintaining a resilient electricity grid. However, the battery hardware alone cannot provide the needed value for the energy system or its owner; you need to intelligently orchestrate all this capacity together to maximize its impact. We’re proud to drive the energy transition forward with our virtual power plant,” says Henri Taskinen, Co-founder and CEO of Capalo AI.
Founded in 2022, the company says it connects batteries from various locations into a large virtual battery—a virtual power plant called Zeus VPP.
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% year-over-year, with $3.7 billion in 84 deals compared to $9.2 billion in 86 deals in 2023.
In December, Zitara, a battery management software provider, <a href="https://cms.mercomindia.com/battery-management-software-company-zitara-secures-17-million/" target="_blank" rel="noopener">closed</a> $17 million in a Series AA funding round led by Salesforce Ventures, with participation from Emerson Ventures, Chevron Technology Ventures, Energy Impact Partners, and Climate Capital.

Software Company Capalo AI Raises $4 Million in Seed Funding

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