Kunamneni Wins NTPC’s EPC Auction for 92 MW Floating Solar Project

Inox GFL Secures $50 Million Funding from International Finance Corporation

APM Projects Wins MES’ 1 MW Solar EPC Contract

IISER Bhopal Invites Bids from Shortlisted Parties for 2 MW Solar Project

Bihar Regulator Approves Procurement of 144 MW Solar Power Under KUSUM

POWERGRID Commissions Key ISTS to Evacuate Renewables from Rajasthan

CTUIL has Revoked Grid Connectivity for 6.3 GW of Delayed Renewable Projects

CERC Issues Key Relaxations to Ease Implementation of GNA Regulations

Clean Energy Solutions for C&I Sector Take Center Stage at Nagpur

Daily News Wrap-Up: India’s Solar Exports Up 65.2% YoY in Q3 2025

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					</table>From: <a href="https://mercomcapital.com/funding-and-ma-roundup-neovolta-to-secure-13-million-in-private-placement-financing/" target="_blank" rel="noopener">Mercom Capital Group</a>
NeoVolta, a U.S.-based energy storage solutions provider, has <a href="https://mercomcapital.com/neovolta-to-secure-private-placement-financing/" target="_blank" rel="noopener">entered</a> into agreements for $13 million in private placement financing led by Infinite Grid Capital (IGC). The funding is structured to offer both immediate and future capital support for the company’s planned domestic manufacturing initiative and will be used to accelerate growth. A significant portion of the funding is allocated to advance this initiative, under a memorandum of understanding with third parties, to establish and operate a battery energy storage manufacturing plant in Georgia.
Moment Energy, an electric vehicle battery repurpose company, has <a href="https://mercomcapital.com/moment-energy-secures-5-million-in-debt-funding/" target="_blank" rel="noopener">secured</a> $5 million in growth financing from TD Innovation Partners, the innovation banking division of The Toronto-Dominion Bank. The company will use the funds to accelerate the repurposing of lithium-ion batteries into safe, high-performance, and compliant energy storage systems for commercial, industrial, and utility applications. To meet the growing domestic demand for its Luna BESS, the company plans to boost production.
EQORE, a distributed battery storage company, has <a href="https://mercomcapital.com/eqore-raises-million-seed-funding/" target="_blank" rel="noopener">raised</a> $1.7 million in an oversubscribed seed funding round. The round saw participation from Massachusetts Clean Energy Center, Henry Ford III of Ford Motor Company, and Jonathan Kraft of The Kraft Group. It also included investors such as industry operators Andrew Slifka, Mitch Coddington, and the Betti family, led by Nicholas Betti. Veteran entrepreneur Luke Merrow and tech executives Kent Helfrich and Kristin Welch, via Pointe Angels. The funding is intended to help the company expand its team and accelerate deployments at its manufacturing facilities.
Rooftop solar solutions and products company Fujiyama Power Systems <a href="https://www.mercomindia.com/fujiyama-power-systems-debuts-on-bourses-after-strong-response-to-ipo" target="_blank" rel="noopener">debuted</a> on the Indian stock exchanges after its initial public offering (IPO) of ₹8.28 billion (~$93.5 million) was oversubscribed 2.14 times. The price band was set at ₹216(~$2.4) to ₹228(~$2.6) per equity share, with a face value of ₹1(~$0.11). The IPO saw bids for 56 million shares, exceeding the 26 million shares on offer. Qualified institutional buyers led the demand, with a subscription rate of 5.15 times, followed by the employee-reserved portion at 1.47 times, and retail individual investors at 100%.
AMPYR Distributed Energy (ADE), an investor in renewable energy solutions and part of the AGP Group, has <a href="https://mercomcapital.com/ampyr-distributed-energy-acquires-shawton-energy/" target="_blank" rel="noopener">announced</a> the acquisition of Shawton Energy, a company that provides fully-funded solar energy solutions to U.K. businesses. The acquisition is expected to strengthen ADE’s position in the U.K. distributed energy market, further expanding its customer base and operational capabilities through Shawton’s experience and commercial relationships.
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-sedgeley-solar-group-raises-60-million" target="_blank" rel="noopener">roundup</a>.

Funding and M&A Roundup: NeoVolta to Secure $13 Million

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					</table>From: <a href="https://mercomcapital.com/funding-and-ma-roundup-moment-energy-secures-15-million/" target="_blank" rel="noopener">Mercom Capital Group</a>
Moment Energy, an electric vehicle (EV) battery repurposing company, <a href="https://mercomcapital.com/moment-energy-secures-15-million-in-series-a-funding/" target="_blank" rel="noopener">raised</a> $15 million in a Series A funding round, bringing the company’s total funding raised to date to $52 million. The Amazon Climate Pledge Fund and Voyager Ventures co-led the funding round. The company provides second-life battery energy storage systems from repurposed EV batteries.
responsAbility, a Switzerland-based impact asset manager, has <a href="https://www.mercomindia.com/responsability-injects-20-million-in-ev-manufacturer-euler-motors" target="_blank" rel="noopener">announced</a> an investment of up to $20 million (₹1.7 billion) in New Delhi-based electric commercial vehicles manufacturer Euler Motors. The funding is part of responsAbility’s $500 million (₹42.5 billion) climate investment strategy to reduce CO2 emissions in Asia by supporting e-mobility solutions.
Li-Cycle, a lithium-ion battery recycling company, <a href="https://mercomcapital.com/li-cycle-closes-15-million-underwritten-public-offering/" target="_blank" rel="noopener">announced</a> the closing of its previously announced underwritten public offering, raising approximately $15 million in gross proceeds. The company plans to use the net proceeds from this offering for working capital and general corporate purposes. The offering consisted of 5,000,000 units and 10,000,000 pre-funded units.
Ecozen, a Pune-based company focused on clean energy solutions, has <a href="https://www.mercomindia.com/clean-energy-tech-firm-ecozen-raises-23-million-in-debt-funding" target="_blank" rel="noopener">raised</a> over $23 million in debt funding. Investors for this round included responsAbility Investments, Northern Arc Capital, and Maanaveeya Development &amp; Finance. The company plans to use the funds to scale its current businesses and expand its operations within India and abroad.
Electric vehicle charging solutions provider Bolt.Earth <a href="https://www.mercomindia.com/bolt-earth-raises-5-million-in-series-a-funding" target="_blank" rel="noopener">raised</a> $5 million in a series A+ funding round. The funding round was led by Version One Ventures, a new investor and returning investors USV and Prime Venture Partners. Bolt.Earth plans to utilize the funds to scale operational capacity across India. The company also aims to develop fast charging stations for two-, three–, and four-wheelers.
Hydro, a renewable energy company, has signed an agreement with Northvolt, a battery manufacturer, to <a href="https://mercomcapital.com/hydro-acquires-remaining-shares-battery-recycling-company-hydrovolt/" target="_blank" rel="noopener">acquire</a> Hydrovolt’s remaining shares for NOK 78 million (~$7 million). Hydro is increasing its ownership in Hydrovolt from 72 to 100% through this transaction. Hydrovolt is a battery recycling and raw materials company formed in 2020 as a joint venture between Hydro and Northvolt. The company is mainly focused on the recycling of industrial and EV batteries.
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-eqt-to-acquire-scale-microgrids" target="_blank" rel="noopener">roundup</a>.

Funding and M&A Roundup: Moment Energy Secures $15 Million

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