funding

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Month in a Minute: Top Headlines from Indian Renewable Sector in May 2023

Here is a recap of important headlines from May 2023: India installed 1.9 GW of new solar capacity during the first quarter (Q1)  of 2023, a decline of 48%...

June 5, 2023

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Arjun Joshi

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Other

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Renewable Energy
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Germany’s NexWafe Secures $32 Million for Green Solar Wafer Production

Solar wafer manufacturer NexWafe GmbH has secured €30 million (~$32 million) from a group of investors, including Reliance New Energy, to accelerate the construction of...

June 1, 2023

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Gourav Mishra

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Markets & Policy

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Solar
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Funding and M&A Roundup: Peak Power Secures $35 Million for Energy Storage Expansion

From: Mercom Capital Group Peak Power, an energy storage software and services provider, announced the successful closing of $35 million in financing to ramp up its...

May 24, 2023

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Staff

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Markets & Policy

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Solar
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US Announces $11 Billion Funding for Clean Energy in Rural Communities

The U.S. Department of Agriculture (USDA) announced nearly $11 billion in funding to help bring affordable renewable energy to rural communities nationwide. One of the...

May 17, 2023

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Arjun Joshi

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Markets & Policy

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Other
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C&I Projects Yield Better Returns Than Utility-scale PPA Portfolios: SBI Interview

Lenders are more receptive to funding renewable transactions encouraging corporates striving towards a carbon-neutral environment and adding value to their brands,...

May 17, 2023

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Satish Shetty

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Finance and M&A

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Other
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Funding and M&A Roundup: EV Charging Company Driveco Raises $273 Million

From: Mercom Capital Group Driveco, a provider of EV charging solutions, raised €250 million (~$273 million) from APG, an institutional investor. The funding round also...

May 17, 2023

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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: Battery Developer Altris Raises $5.2 Million

From: Mercom Capital Group Altris, a company that develops sodium-ion batteries, secured €4.8 million (~$5.2 million) in bridge financing from its current investors and...

May 10, 2023

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Staff

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Finance and M&A

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Other
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Battery Swapping Company RACEnergy Raises $3 Million in Pre-Series A Round

Hyderabad-based deep-tech battery swapping company RACEnergy raised $3 million in a combination of debt and equity in a pre-series A round funding. Growx Ventures led...

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Funding and M&A Roundup: Energy Dome Closes $44 Million Series B Funding

From: Mercom Capital Group Energy Dome, a provider of long-duration energy storage solutions, raised €40 million (~$44 million) in a Series B funding round led by Eni...

May 3, 2023

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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: Government Invites Bids from Merchant Bankers for IREDA IPO

The Ministry of Finance’s Department of Investment and Public Asset Management has invited bids from book-running lead managers (BRLMs) to help list the government’s...

April 28, 2023

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Mercom India

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Daily Wrap-up
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Ohmium Raises $250 Million to Expand Electrolyzer Capacity to 2 GW Annually

Green hydrogen company Ohmium International announced the close of a $250 million Series C growth equity financing. The funding will be used to expand Ohmium’s annual...

April 27, 2023

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Gourav Mishra

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Other

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Renewable Energy
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Daily News Wrap-Up: Haryana’s Green Open Access Regulations

Consumers in Haryana with a contracted demand or sanctioned load of at least 100 kW will be eligible for Green Energy Open Access, with no limit on the power supply for...

April 27, 2023

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Mercom India

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Daily Wrap-up
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Funding and M&A Roundup: Home Electrification Company SPAN Raises $96 Million

SPAN, a smart electrical panel maker, has raised $96 million in a Series B2 funding round led by Wellington Management. The round also included participation from...

April 26, 2023

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Arjun Pradeep

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Finance and M&A

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Other
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Funding and M&A Roundup: EnergyX Receives $50 Million to Boost Lithium Supply

From: Mercom Capital Group General Motors (GM) said its venture capital arm GM Ventures, would lead a $50 million Series B financing round for EnergyX, a Texas-based...

April 19, 2023

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Staff

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Finance and M&A

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Other
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Corporate Funding for Energy Storage Declines 83% YoY in Q1 2023

Total corporate funding in energy storage, including from venture capital (VC), public market, and debt financing, amounted to $2.2 billion in 27 deals in the first...

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