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CrossBoundary Energy, a renewable energy developer, <a href="https://cms.mercomindia.com/crossboundary-energy-secures-senior-debt-financing/" target="_blank" rel="noopener">secured</a> a $140 million senior debt commitment from the Standard Bank of South Africa on a fully underwritten basis. The funding is being undertaken as a first tranche within a broader mandate with the Standard Bank of South Africa, which has been appointed to lead and arrange up to $300 million in senior debt. With this funding, the company plans to scale up its renewable energy portfolio and serve commercial and industrial (C&amp;I) clients across Africa.
AMPECO, a software platform for electric vehicle (EV) charging solution providers, <a href="https://cms.mercomindia.com/ev-charging-software-provider-ampeco-raises-26-million/" target="_blank" rel="noopener">raised</a> $26 million in a Series B funding round led by Revaia, along with existing investors Cavalry Ventures, BMW i Ventures, and LAUNCHub Ventures. The latest round brings the company’s total funding to $42 million. The funding will be used to fuel the company’s growth plans while accelerating product enhancements and expanding into key markets like Western Europe, the Nordics, the UK, North America, and Southeast Asia.
India-based Rajesh Power Service, a renewable and non-renewable energy solutions provider, has gone <a href="https://www.mercomindia.com/rajesh-powers-ipo-gets-shares-list-at-90-premium" target="_blank" rel="noopener">public</a> with its Initial Public Offering (IPO) on the BSE SME platform. The IPO received an overwhelming response, with the issue being subscribed 59 times when it closed on November 27, 2024, and raised ₹1.6 billion (~$18.8 million). The company’s shares were listed at a substantial 90% premium over the IPO price on December 2, 2024, opening at ₹636.50 (~$7.51) per share compared to the issue price of ₹335 (~$3.95).
FPR Energy, a venture from CSIRO, Australia’s national science agency, has <a href="https://cms.mercomindia.com/fpr-energy-secures-10-million-in-seed-funding/" target="_blank" rel="noopener">secured</a> A$15 million (~$10 million) in seed funding to commercialize next-generation solar thermal technology. The company was launched in collaboration with advisory and funds management firm RFC Ambrian and electric utility Osaka Gas. FPR Energy aims to cut emissions in heavy industries such as minerals refining, steel, cement, and chemical production using CSIRO’s particle-based Concentrated Solar Thermal (CST) technology.
Reefilla, a startup that provides mobile and predictive charging delivery service for electric vehicles, has <a href="https://cms.mercomindia.com/reefilla-receives-4-8-million-funding-to-develop-second-life-batteries/" target="_blank" rel="noopener">secured</a> €4.5 million (~$4.8 million) in funding. CDP Venture Capital led the round through the Green Transition-PNRR Fund, financed with NextGeneration EU resources. The company states that this funding will be used for R&amp;D to transform end-of-life batteries into second-life batteries, which can be used in energy storage and mobile charging.
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-silfab-solar-million/" target="_blank" rel="noopener">roundup</a>.

Funding and M&A Roundup: CrossBoundary Energy Secures $140 Million

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					</table>From: <a href="https://mercomcapital.com/funding-ma-roundup-crossboundary-energy-secures-140-million/" target="_blank" rel="noopener">Mercom Capital Group</a>
CrossBoundary Energy, a renewable energy developer, <a href="https://mercomcapital.com/crossboundary-energy-secures-senior-debt-financing/" target="_blank" rel="noopener">secured</a> a $140 million senior debt commitment from the Standard Bank of South Africa on a fully underwritten basis. The funding is being undertaken as a first tranche within a broader mandate with the Standard Bank of South Africa, which has been appointed to lead and arrange up to $300 million in senior debt. With this funding, the company plans to scale up its renewable energy portfolio and serve commercial and industrial (C&amp;I) clients across Africa.
AMPECO, a software platform for electric vehicle (EV) charging solution providers, <a href="https://mercomcapital.com/ev-charging-software-provider-ampeco-raises-26-million/" target="_blank" rel="noopener">raised</a> $26 million in a Series B funding round led by Revaia, along with existing investors Cavalry Ventures, BMW i Ventures, and LAUNCHub Ventures. The latest round brings the company’s total funding to $42 million. The funding will be used to fuel the company’s growth plans while accelerating product enhancements and expanding into key markets like Western Europe, the Nordics, the UK, North America, and Southeast Asia.
India-based Rajesh Power Service, a renewable and non-renewable energy solutions provider, has gone <a href="https://www.mercomindia.com/rajesh-powers-ipo-gets-shares-list-at-90-premium" target="_blank" rel="noopener">public</a> with its Initial Public Offering (IPO) on the BSE SME platform. The IPO received an overwhelming response, with the issue being subscribed 59 times when it closed on November 27, 2024, and raised ₹1.6 billion (~$18.8 million). The company’s shares were listed at a substantial 90% premium over the IPO price on December 2, 2024, opening at ₹636.50 (~$7.51) per share compared to the issue price of ₹335 (~$3.95).
FPR Energy, a venture from CSIRO, Australia’s national science agency, has <a href="https://mercomcapital.com/fpr-energy-secures-10-million-in-seed-funding/" target="_blank" rel="noopener">secured</a> A$15 million (~$10 million) in seed funding to commercialize next-generation solar thermal technology. The company was launched in collaboration with advisory and funds management firm RFC Ambrian and electric utility Osaka Gas. FPR Energy aims to cut emissions in heavy industries such as minerals refining, steel, cement, and chemical production using CSIRO’s particle-based Concentrated Solar Thermal (CST) technology.
Reefilla, a startup that provides mobile and predictive charging delivery service for electric vehicles, has <a href="https://mercomcapital.com/reefilla-receives-4-8-million-funding-to-develop-second-life-batteries/" target="_blank" rel="noopener">secured</a> €4.5 million (~$4.8 million) in funding. CDP Venture Capital led the round through the Green Transition-PNRR Fund, financed with NextGeneration EU resources. The company states that this funding will be used for R&amp;D to transform end-of-life batteries into second-life batteries, which can be used in energy storage and mobile charging.
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-silfab-solar-million" target="_blank" rel="noopener">roundup</a>.

<a href="https://www.fprenergy.com.au/" target="_blank" rel="noopener">FPR Energy</a>, a venture from CSIRO, Australia’s national science agency, has secured A$15 million (~$10 million) in seed funding to commercialize next-generation solar thermal technology. The company was launched in collaboration with advisory and funds management firm RFC Ambrian and electric utility Osaka Gas.
FPR Energy aims to cut emissions in heavy industries such as minerals refining, steel, cement, and chemical production using CSIRO’s particle-based Concentrated Solar Thermal (CST) technology.
According to the company, this particle-based CST technology uses low-cost ceramic particles to store sunlight as heat and can produce temperatures up to 1200 °C, enabling long-duration energy storage to support industrial processes, green fuel production, and reliable, dispatchable power.
Headquartered at CSIRO’s Energy Centre in Newcastle, FPR Energy is built on CSIRO’s particle receiver technology research program, developed through the Australian Solar Thermal Research Institute (ASTRI), with support from the Australian Renewable Energy Agency (ARENA).
“FPR Energy is building on years of solar thermal research, demonstrating CSIRO’s commitment to supporting emissions reduction using impact-focussed science and technology. Diversifying the way, we harness Australia’s abundant solar resources will help develop a low-carbon economy and support economic growth and job creation in the Hunter region. Helping heavy industries transition to cleaner energy sources is essential to reaching Australia’s net-zero emission targets,” said Dr Daniel Roberts, CSIRO Energy Technologies Research Director.
planning to develop a 50 MW thermal demonstration plant, with up to 16 hours of integrated thermal energy storage, to prove the commercial viability of its CST technology at a utility scale.
According to Mercom’s 9M and Q3 2024 Solar Funding and M&amp;A <a href="https://cms.mercomindia.com/product/9m-and-q3-2024-solar-funding-and-ma-report/" target="_blank" rel="noopener">report</a>, in 9M 2024, VC funding activity decreased 39% YoY, with $3.5 billion raised in 39 deals compared to the $5.7 billion raised in 51 deals in 9M 2023.
In November, Silfab Solar, a solar module manufacturer, <a href="https://cms.mercomindia.com/silfab-solar-raises-100-million/" target="_blank" rel="noopener">closed</a> $100 million in new financing to scale its state-of-the-art solar cell manufacturing plant. The funding comprises a $50 million equity investment led by funds advised by ARC Financial.

FPR Energy Secures $10 Million in Seed Funding

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