RECPDCL Announces Winner of 4.5 GW Transmission Project

SAS, URECO Form US Joint Venture to Build 1 GW Solar Module Plant

PFC Consulting Tenders Two 765 kV Intrastate Transmission Projects in Rajasthan

Brookfield to Acquire Battery Storage Platform Aypa Power for $7 Billion

MNRE Issues Model Agreement for Electrolyzer as a Service

Sofab Inks Raises $6 Million to Scale Perovskite Solar Cell Materials

China’s Solar Capacity Tops 1.27 TW but Capacity Additions Drop 66% in 1H 2026

SECI Announces Winners of 4.4 MW Rooftop Solar Project Auction

Open Access Will Drive Large-Scale C&I Renewable Adoption: Interview

Tesla Q2 2026 Revenue Rises 26% on Record Deliveries, Misses Earning Estimates

phelas, a provider of long-duration energy storage solutions, <a href="https://cms.mercomindia.com/phelas-secures-4-5-million-seed-funding/" target="_blank" rel="noopener">secured</a> €4.1 million (~$4.5 million) in a seed funding round led by E44 Ventures, an Israel-leading climate tech fund. It also saw participation from Axon Partners Group, Deutsche Telekom Hubraum Fund, BNV Partners, other investors, and existing angel investors. phelas specializes in the development of its Aurora long-duration energy storage, a proprietary Liquid Air Energy Storage technology that is modular, scalable, and tailored for integrating with renewable energy sources.
Glimpse, a provider of battery quality monitoring solutions for battery producers and electric mobility companies, <a href="https://cms.mercomindia.com/glimpse-raises-4-million-in-seed-funding/" target="_blank" rel="noopener">raised</a> $4 million in a seed funding round from venture capital firms Ibex Mobility and Flybridge Capital Partners and a syndicate of battery and EV angel investors. The company has created a battery quality monitoring platform.
Attron Automotive, an electric mobility motor and controller solutions company, has <a href="https://www.mercomindia.com/attron-secures-seed-funding-round" target="_blank" rel="noopener">raised</a> ₹47.5 million (~$573,956) in a seed funding round led by Anicut Capital and co-led by Venture Catalysts. The company will use the funding to promote electric mobility with technology and innovation. The company is setting up a new facility that will produce 8,000 units every month, allowing Attron to meet its growing demand for motor and controller solutions, particularly in the electric two-wheeler and three-wheeler segments.
Sermsang Palang Ngan Company (SPN), a renewable energy project developer, <a href="https://cms.mercomindia.com/spn-secures-64-million-loan-for-renewables-expansion/" target="_blank" rel="noopener">secured</a> $64 million through a green loan facility provided by the International Finance Corporation (IFC). The financing package includes an IFC loan of up to $32 million (THB1.2 billion) and a parallel loan from Siam Commercial Bank (SCB) for a similar amount. IFC&#8217;s funding will help SPN finance the acquisition, development, and construction of renewable projects—especially solar farms, solar rooftops, and biomass—in Thailand as well as in other ASEAN countries.
Volvo Cars has <a href="https://www.media.volvocars.com/global/en-gb/media/pressreleases/325193/volvo-cars-partners-with-and-invests-in-breathe-for-next-generation-fast-charging" target="_blank" rel="noopener">announced</a> an investment in UK-based battery management software startup Breathe Battery Technologies. Volvo plans to use the company&#8217;s battery software to cut charging time for its next generation of electric vehicles by 30% while maintaining the same energy density and range. Breathe’s software uses adaptive charging to dynamically control the battery in real-time, resulting in shorter charging times.
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-ascend-elements-raises-162-million/" target="_blank" rel="noopener">roundup</a>.

Funding and M&A Roundup: Energy Storage Firm phelas Secures $4.5 Million Funding

<table id="amazon-polly-audio-table">
						<tr>
						<td id="amazon-polly-audio-tab">
							<div id="amazon-ai-player-label">Listen to this article</div>
							<div id="amazon-ai-player-container">
			<audio class="amazon-ai-player" id="amazon-ai-player" preload="none" controls controlsList="nodownload" >
				<source type="audio/mpeg" src="https://cms.mercomindia.com/wp-content/uploads/2024/03/amazon_polly_64286.mp3?version=1710306056">
			</audio>
		</div>
							<div id="amazon-polly-subscribe-tab"></div>
							<div id="amazon-polly-by-tab"></div>
						</td>
						</tr>
					</table>From: <a href="https://mercomcapital.com/funding-ma-roundup-energy-storage-firm-phelas-secures-funding/" target="_blank" rel="noopener">Mercom Capital Group</a>
phelas, a provider of long-duration energy storage solutions, <a href="https://mercomcapital.com/phelas-secures-4-5-million-seed-funding/" target="_blank" rel="noopener">secured</a> €4.1 million (~$4.5 million) in a seed funding round led by E44 Ventures, an Israel-leading climate tech fund. It also saw participation from Axon Partners Group, Deutsche Telekom Hubraum Fund, BNV Partners, other investors, and existing angel investors. phelas specializes in the development of its Aurora long-duration energy storage, a proprietary Liquid Air Energy Storage technology that is modular, scalable, and tailored for integrating with renewable energy sources.
Glimpse, a provider of battery quality monitoring solutions for battery producers and electric mobility companies, <a href="https://mercomcapital.com/glimpse-raises-4-million-in-seed-funding/" target="_blank" rel="noopener">raised</a> $4 million in a seed funding round from venture capital firms Ibex Mobility and Flybridge Capital Partners and a syndicate of battery and EV angel investors. The company has created a battery quality monitoring platform.
Attron Automotive, an electric mobility motor and controller solutions company, has <a href="https://www.mercomindia.com/attron-secures-seed-funding-round" target="_blank" rel="noopener">raised</a> ₹47.5 million (~$573,956) in a seed funding round led by Anicut Capital and co-led by Venture Catalysts. The company will use the funding to promote electric mobility with technology and innovation. The company is setting up a new facility that will produce 8,000 units every month, allowing Attron to meet its growing demand for motor and controller solutions, particularly in the electric two-wheeler and three-wheeler segments.
Sermsang Palang Ngan Company (SPN), a renewable energy project developer, <a href="https://mercomcapital.com/spn-secures-64-million-loan-for-renewables-expansion/" target="_blank" rel="noopener">secured</a> $64 million through a green loan facility provided by the International Finance Corporation (IFC). The financing package includes an IFC loan of up to $32 million (THB1.2 billion) and a parallel loan from Siam Commercial Bank (SCB) for a similar amount. IFC&#8217;s funding will help SPN finance the acquisition, development, and construction of renewable projects—especially solar farms, solar rooftops, and biomass—in Thailand as well as in other ASEAN countries.
Volvo Cars has <a href="https://www.media.volvocars.com/global/en-gb/media/pressreleases/325193/volvo-cars-partners-with-and-invests-in-breathe-for-next-generation-fast-charging" target="_blank" rel="noopener">announced</a> an investment in UK-based battery management software startup Breathe Battery Technologies. Volvo plans to use the company&#8217;s battery software to cut charging time for its next generation of electric vehicles by 30% while maintaining the same energy density and range. Breathe’s software uses adaptive charging to dynamically control the battery in real-time, resulting in shorter charging times.
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-powerdot-secures-108-million" target="_blank" rel="noopener">roundup</a>.

<a href="https://glimp.se/" target="_blank" rel="noopener">Glimpse</a>, a provider of battery quality monitoring solutions for battery producers and electric mobility companies, raised $4 million in a seed funding round from venture capital firms Ibex Mobility and Flybridge Capital Partners and a syndicate of battery and EV angel investors.
The company has created a battery quality monitoring platform. This platform is stated to be scalable, collaborative, and cost-efficient, aiming to assist battery producers and buyers in saving significant amounts of money by reducing production scrap, battery pack failures, and fleet recalls.
To address this, Glimpse utilizes X-ray CT scanning, which is akin to CAT scanning in the medical field. The company’s launch coincides with the surge in Gigafactories and electric vehicles (EVs) in the United States, driven by legislative acts such as the Bipartisan Infrastructure Law (BIL) and the Inflation Reduction Act (IRA).
“Just like critical minerals and production capacity, battery quality is a major bottleneck to the electrification of everything,” said Glimpse co-founder and CEO Eric Moch. “X-ray CT scanning, with its ability to generate a high-resolution map of an object’s internal structure, is one of the best available technologies to comprehensively determine the build quality of a battery cell.”
The Glimpse Portal, a web application, allows Glimpse’s existing customers to continuously monitor their battery quality through high-resolution cross-section images and an automated inspection layer.
“In many cases, attempting to detect a latent battery defect with electrochemical tests is akin to trying to find an early-stage tumor by measuring a patient’s blood pressure and heart rate. While these conventional battery inspection tests can certainly inform diagnosis, CT scanning can unambiguously identify hidden defects in battery cells,” said Peter Attia, Glimpse co-founder and CTO.
According to Mercom’s Annual and Q4 2023 Funding and M&amp;A <a href="https://cms.mercomindia.com/product/annual-q4-2023-funding-ma-report-storage-grid/" target="_blank" rel="noopener">Report</a> for Storage &amp; Smart Grid, Venture capital (VC/PE) funding in Energy Storage in 2023 was the highest ever recorded, increasing 59% year-over-year (YoY), with $9.2 billion in 86 deals compared to the $5.8 billion raised in 96 deals in 2022.

Glimpse Raises $4 Million in Seed Funding

glimpse

Get the most relevant India solar and clean energy news.

RECENT POSTS