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					</table>From: <a href="https://mercomcapital.com/funding-and-ma-roundup-mga-thermal-secures-12-million/" target="_blank" rel="noopener">Mercom Capital Group</a>
MGA Thermal, a provider of thermal energy-based long-duration energy storage systems, has<a href="https://mercomcapital.com/thermal-energy-storage-company-mga-thermal-secures-12-million/" target="_blank" rel="noopener"> secured</a> A$17 million (~$12 million) in funding. The latest round brings the total capital raised to more than A$50 million (~$35 million). The new investment will be used to accelerate the company’s transition from pilot deployments to full commercial rollout.
Amarenco, an independent power producer, <a href="https://mercomcapital.com/amarenco-secures-150-million-preferred-equity-tranche/" target="_blank" rel="noopener">secured</a> a €130 million (~$150 million) preferred equity tranche from its long-standing shareholder Arjun Infrastructure Partners. The facility will be used to accelerate its growth in European markets. The investment is expected to reinforce the company’s integrated independent power producer platform and support its trajectory towards structural autonomy
Doral Renewables, a utility-scale renewable energy project developer, has <a href="https://mercomcapital.com/doral-renewables-secures-525-million-in-letter-of-credit-financing/" target="_blank" rel="noopener">secured</a> approximately $525 million in letter of credit facilities. The first transaction is an approximately $385 million Deferred Equity Contribution Guarantee facility, and the second arrangement is an approximately $140 million all-purpose guarantee facility.
AmpliSi, a U.K.-based advanced materials company that develops silicon anodes for lithium-ion batteries, has <a href="https://mercomcapital.com/amplisi-secures-2-7-million-in-pre-seed-funding-round/" target="_blank" rel="noopener">secured</a> £2 million (~$2.7 million) in a pre-seed funding led by Northern Gritstone and Clean Growth Fund. The latest funding round will support AmpliSi’s transition from laboratory development toward industrial scale-up and early customer engagement.
A consortium of three investors led by LeapFrog Investments, Emerging Market Climate Action Fund, and Carlyle AlpInvest has <a href="https://www.mercomindia.com/renew-offloads-11-stake-in-ci-arm-for-95-million" target="_blank" rel="noopener">picked</a> up a combined stake of approximately 11.3% in ReNew Green Energy Solutions, the commercial and industrial platform of ReNew Energy Global. LeapFrog led the investment round, committing $50 million.
Swift Solar, a company that designs and manufactures Perovskite-based photovoltaic cells, has <a href="https://mercomcapital.com/swift-solar-acquires-meyer-burgers-manufacturing-assets-and-ip/" target="_blank" rel="noopener">acquired</a> the core manufacturing assets and intellectual property of Meyer Burger, a manufacturer of solar cells and modules. With this acquisition, Swift Solar plans to build a GW-scale HJT cell and module manufacturing facility in the U.S. The company also plans to add perovskite tandems to the same factory.
Alternative credit platform BlackSoil has <a href="https://www.mercomindia.com/blacksoil-invests-%E2%82%B9750-million-in-euler-motors-to-support-ev-growth" target="_blank" rel="noopener">invested</a> ₹750 million (~$8.1 million) in electric vehicle manufacturer Euler Motors as part of a funding round following the company’s Series D raise completed in May 2025. The round was led by BlackSoil with participation from several other investors. The capital will primarily support Euler Motors’ operational requirements and expansion plans.
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’s funding <a href="https://www.mercomindia.com/funding-and-ma-roundup-heliup-raises-19-million" target="_blank" rel="noopener">roundup</a>.

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					</table>From: <a href="https://mercomcapital.com/funding-ma-roundup-ev-charging-firm-swtch-raises-27-million/" target="_blank" rel="noopener">Mercom Capital Group</a>
SWTCH Energy, an electric vehicle (EV) charging and energy management solution provider, has <a href="https://mercomcapital.com/swtch-energy-raises-series-c-funding/" target="_blank" rel="noopener">closed</a> $27.2 Million in Series B Funding led by Blue Earth Capital with participation from Alantra’s Energy Transition Fund, Klima. Additional Series B investors include Active Impact Investments and GIGA Investments Corp. The funding will help the company accelerate the expansion of EV charging solutions in multi-tenant buildings and energy management solutions for real estate customers.
Ecozen, a startup focused on clean technology solutions for agriculture, has <a href="https://www.mercomindia.com/ecozen-raises-30-million" target="_blank" rel="noopener">raised</a> $30 million in a new funding round to accelerate its growth and global expansion. The investment includes equity from existing investors like Nuveen as well as new debt financing from the InCred Credit Fund and the U.S. International Development Finance Corporation. The capital will allow Ecozen to scale up production of its solar-powered systems for agricultural irrigation and cold chain solutions, the company said in a press release.
Solar cell and module manufacturer Premier Energies has filed the draft red herring prospectus with the Securities and Exchange Board of India to <a href="https://www.mercomindia.com/premier-energies-drhp-15-billion-ipo" target="_blank" rel="noopener">raise</a> over ₹15 billion (~$179.91 million) through an initial public offering (IPO). The IPO would consist of a fresh issue of equity shares with a face value of ₹1 (~$0.012) aggregating up to ₹15 billion (~$179.91 million) and an offer for sale of up to 28.2 million shares by the selling shareholders.
MGA Thermal, a provider of thermal energy-based long-duration energy storage systems, <a href="https://mercomcapital.com/mga-thermal-raises-additional-funding/" target="_blank" rel="noopener">secured</a> $5.7 million in additional funding. The round included existing investors Main Sequence and Melt Ventures, along with new investor JEKARA. The round is an extension of the $8.25 million in funding secured by the company last year to expand its commercial division and accelerate operations into 2024, bringing its total funding round to $14 million.
AQUABATTERY, a Netherlands-based startup specializing in long-duration energy storage solutions, <a href="https://mercomcapital.com/flow-battery-startup-aquabattery-secures-million/" target="_blank" rel="noopener">secured</a> a €6 million (~$6.4 million) seed investment led by EIT InnoEnergy and supported by InnovationQuarter, Invest-NL, Init Power, and a group of business angels. The funding will help the company develop its first standardized battery module and boost hiring. The company plans to launch its fourth pilot battery in Delft, Netherlands, later this year.
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-nexamp-secures-520-million" target="_blank" rel="noopener">roundup</a>.

Funding and M&A Roundup: EV Charging Firm SWTCH Raises $27 Million

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