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					</table>From: <a href="https://mercomcapital.com/funding-and-ma-roundup-giga-green-secures-35-million/" target="_blank" rel="noopener">Mercom Capital Group</a>
GIGA.GREEN, a commercial solar energy solutions provider, has <a href="https://mercomcapital.com/giga-green-secures-35-million-revolving-capex-facility/" target="_blank" rel="noopener">closed</a> a €30 million (~$35 million) revolving capital expenditure facility. The funding was provided by Kommunalkredit Austria, a European specialist bank based in Vienna, which focuses on financing infrastructure projects in the energy, environmental, social, transport, and communications sectors. According to the company, this funding will be used to expand its nationwide project portfolio, focusing on industrial rooftop solar systems in Germany.
Ionic Mineral Technologies, an advanced battery materials producer, has announced the <a href="https://mercomcapital.com/ionic-mineral-technologies-closes-29-million-series-b-funding/" target="_blank" rel="noopener">closing</a> of a $29 million Series B funding. The oversubscribed funding round, which exceeded its initial $25 million target, saw participation from undisclosed investors. The funding will be used to expand the company’s 74,000-square-foot facility in Provo, Utah, accelerating the production of nano-silicon anode material to 1,000 metric tons annually.
Sunsave, a U.K.-based solar subscription service provider, has <a href="https://mercomcapital.com/solar-subscription-service-firm-sunsave-secures-151-million/" target="_blank" rel="noopener">secured</a> £113 million (~$151 million) in an oversubscribed funding round. The funding includes a £100 million (~$134 million) debt facility from Crédit Agricole CIB as well as £13 million (~$17 million) in Series A equity from a co-led round by Norrsken VC and IPGL. The funding will help the company to expand its solar subscription program across England and Wales.
Switzerland-headquartered solar solutions provider Candi Solar has <a href="https://www.mercomindia.com/candi-solar-raises-24-million-from-norfund-stoa-and-eegf" target="_blank" rel="noopener">raised</a> $24 million (~₹2.06 billion) from Norfund, STOA, and the Energy Entrepreneurs Growth Fund (EEGF) to fund new solar power projects in India and South Africa. This fundraising includes a $20 million (~₹1.7 billion) convertible loan from Norfund and STOA, as well as a $4 million (~₹344.59 million) top-up to its existing mezzanine facility with the EEGF. After this round, the company’s total capital raised has grown to over $140 million (~₹12.06 billion).
Surat-based private equity and venture investment firm Parishi Capital has <a href="https://www.mercomindia.com/parishi-invests-%E2%82%B94-7-million-in-navitas-for-2-5-gw-solar-module-plant" target="_blank" rel="noopener">invested</a> $4.7 million (~₹404.8 million) in Navitas Solar to expand its solar module manufacturing plant in Ahmedabad, Gujarat, India, to a 2.5 GW capacity. The transaction was completed in two tranches, with the first tranche of funding raised in 2023. Navitas, which had a manufacturing capacity of 1.7 GW earlier, plans to raise funds from Parishi via a third round to establish a 3 GW solar cell manufacturing plant by 2026.
The International Finance Corporation (IFC) has <a href="https://www.mercomindia.com/ifc-to-invest-20-million-in-ev-platform-transvolt-mobility" target="_blank" rel="noopener">announced</a> a $20 million equity investment in India-based electric vehicle (EV) platform Transvolt Mobility as part of a $50 million financing round. IFC said the investment will help enhance access to quality urban transport, scale up EV production, and strengthen India’s electric mobility ecosystem. This equity investment is IFC’s first in an EV platform.
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-ess-tech-raises-31-million" target="_blank" rel="noopener">roundup</a>.

Funding and M&A Roundup: GIGA.GREEN Secures $35 Million

GIGA.GREEN, a commercial solar energy solutions provider, has <a href="https://cms.mercomindia.com/giga-green-secures-35-million-revolving-capex-facility/" target="_blank" rel="noopener">closed</a> a €30 million (~$35 million) revolving capital expenditure facility. The funding was provided by Kommunalkredit Austria, a European specialist bank based in Vienna, which focuses on financing infrastructure projects in the energy, environmental, social, transport, and communications sectors. According to the company, this funding will be used to expand its nationwide project portfolio, focusing on industrial rooftop solar systems in Germany.
Ionic Mineral Technologies, an advanced battery materials producer, has announced the <a href="https://cms.mercomindia.com/ionic-mineral-technologies-closes-29-million-series-b-funding/" target="_blank" rel="noopener">closing</a> of a $29 million Series B funding. The oversubscribed funding round, which exceeded its initial $25 million target, saw participation from undisclosed investors. The funding will be used to expand the company’s 74,000-square-foot facility in Provo, Utah, accelerating the production of nano-silicon anode material to 1,000 metric tons annually.
Sunsave, a U.K.-based solar subscription service provider, has <a href="https://cms.mercomindia.com/solar-subscription-service-firm-sunsave-secures-151-million/" target="_blank" rel="noopener">secured</a> £113 million (~$151 million) in an oversubscribed funding round. The funding includes a £100 million (~$134 million) debt facility from Crédit Agricole CIB as well as £13 million (~$17 million) in Series A equity from a co-led round by Norrsken VC and IPGL. The funding will help the company to expand its solar subscription program across England and Wales.
Switzerland-headquartered solar solutions provider Candi Solar has <a href="https://www.mercomindia.com/candi-solar-raises-24-million-from-norfund-stoa-and-eegf" target="_blank" rel="noopener">raised</a> $24 million (~₹2.06 billion) from Norfund, STOA, and the Energy Entrepreneurs Growth Fund (EEGF) to fund new solar power projects in India and South Africa. This fundraising includes a $20 million (~₹1.7 billion) convertible loan from Norfund and STOA, as well as a $4 million (~₹344.59 million) top-up to its existing mezzanine facility with the EEGF. After this round, the company’s total capital raised has grown to over $140 million (~₹12.06 billion).
Surat-based private equity and venture investment firm Parishi Capital has <a href="https://www.mercomindia.com/parishi-invests-%E2%82%B94-7-million-in-navitas-for-2-5-gw-solar-module-plant" target="_blank" rel="noopener">invested</a> $4.7 million (~₹404.8 million) in Navitas Solar to expand its solar module manufacturing plant in Ahmedabad, Gujarat, India, to a 2.5 GW capacity. The transaction was completed in two tranches, with the first tranche of funding raised in 2023. Navitas, which had a manufacturing capacity of 1.7 GW earlier, plans to raise funds from Parishi via a third round to establish a 3 GW solar cell manufacturing plant by 2026.
The International Finance Corporation (IFC) has <a href="https://www.mercomindia.com/ifc-to-invest-20-million-in-ev-platform-transvolt-mobility" target="_blank" rel="noopener">announced</a> a $20 million equity investment in India-based electric vehicle (EV) platform Transvolt Mobility as part of a $50 million financing round. IFC said the investment will help enhance access to quality urban transport, scale up EV production, and strengthen India’s electric mobility ecosystem. This equity investment is IFC’s first in an EV platform.
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-ess-tech-raises-31-million/" target="_blank" rel="noopener">roundup</a>.
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<a href="https://www.giga.green/?r=0" target="_blank" rel="noopener">GIGA.GREEN</a>, a commercial solar energy solutions provider, has closed a €30 million (~$35 million) revolving capital expenditure facility.
The funding was provided by Kommunalkredit Austria, a European specialist bank based in Vienna, which focuses on financing infrastructure projects in the energy, environmental, social, transport, and communications sectors.
“The financing solution is highly tailored to our needs and supports us in implementing our projects efficiently and sustainably,&#8221; said David Wagener, Head of Finance at GIGA.GREEN GmbH.
GIGA.GREEN offers commercial customers rooftop solar solutions without requiring upfront investments. By upgrading commercial rooftops with photovoltaic systems at its own expense and without requiring investment from customers, enabling them to purchase solar energy and monetize their available roof space.
According to the company, this funding will be used to strategically expand its nationwide project portfolio, focusing on industrial rooftop solar systems in Germany.
&#8220;This financing is another milestone in our mission to make CO₂-free energy accessible to companies, without any investment of our own,&#8221; explains. The revolving structure of the credit line allows us to deploy capital flexibly and efficiently across our project pipeline. This strengthens our scalability and underlines the institutional quality of our business model,&#8221; explains Wolfgang Röbig, Co-Founder and Managing Director of GIGA.GREEN.
Last year, in July, the company also secured €25 million (~$27 million) in equity from Ichigo, a Japanese sustainable infrastructure firm. Through this, Ichigo acquired a 24.39% stake in GIGA.GREEN, marking its first investment within Europe.
According to Mercom&#8217;s 1H 2025 Solar Funding and M&amp;A <a href="https://cms.mercomindia.com/product/1h-and-q2-2025-solar-funding-and-ma-report/" target="_blank" rel="noopener">report</a>, solar debt financing activity in 1H 2025 reached $7.8 billion across 41 deals, representing a 41% decrease compared to 1H 2024, when $13.2 billion was raised in 51 deals.
In March, Apricus Generation, a distributed solar and battery development platform and independent power producer, announced that it has <a href="https://cms.mercomindia.com/apricus-generation-secures-30-million-revolving-credit-facility/" target="_blank" rel="noopener">secured</a> a $30 million revolving credit facility with Atlantic Union Bank. The funding is expected to provide the company with capital flexibility to accelerate project development.
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GIGA.GREEN Secures $35 Million Revolving Capex Facility

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