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Vulcan Energy Resources, a material exploration company, <a href="https://cms.mercomindia.com/vulcan-energy-resources-secures-44-million-investment/" target="_blank" rel="noopener">secured</a> €40 million (~$44 million) through strategic investments. The breakdown of this funding includes €25 million (~$27 million) from CIMIC Group for 10 million shares, €12.5 million (~$13.6 million) from Hancock Prospecting for 5 million shares, and €2.5 million (~$2.7 million) from Victor Smorgon Group for 1 million shares, all through private placements. The funds raised will facilitate the early validation processes for the Engineering Procurement and Construction Management contract related to Vulcan’s Phase One lithium plant.
Microvast Holdings, a company that designs and manufactures lithium-ion batteries,<a href="https://cms.mercomindia.com/battery-manufacturer-microvast-secures-25-million-loan-facility/" target="_blank" rel="noopener"> secured</a> an initial $12 million draw of a $25 million secured debt facility. According to the company, fierce competition in the battery market has forced it to streamline its operations to ensure long-term sustainability, including workforce reductions and consolidations within its U.S. battery division. The funding will be used to provide working capital to continue operating in the U.S.
candi solar, a solar solutions provider for commercial and industrial (C&amp;I) consumers, has <a href="https://www.mercomindia.com/candi-solar-secures-38-million" target="_blank" rel="noopener">secured</a> $38 million in equity investment in its Series C funding round led by Norfund, Kyuden International, and STOA. This investment will support candi solar’s growth plans in India and Africa, financing an additional 200 MW of solar projects for C&amp;I consumers and bolstering hiring initiatives to sustain its expansion. candi solar operates across 17 states and two union territories in India, and eight provinces in South Africa.
Hero MotoCorp has <a href="https://www.mercomindia.com/hero-motocorp-increases-stake-in-ev-firm-ather-by-2-2" target="_blank" rel="noopener">increased</a> its stake in electric mobility firm Ather Energy by 2.2% by purchasing shares worth ₹1.24 billion (~$14.85 million). The indicative period for the completion of the acquisition is July 31, 2024. The transaction will be made on an arm’s length basis.
Yokogawa Electric, a provider of systems and solutions for measurement, control, and information technologies, has <a href="https://cms.mercomindia.com/yokogawa-acquires-energy-management-software-provider-baxenergy/" target="_blank" rel="noopener">acquired</a> BaxEnergy, a provider of renewable energy management solutions. With this acquisition, Yokogawa has access to a range of solutions provided by BaxEnergy that are adopted by power companies across Europe.
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-ma-roundup-apricus-acquires-controlling-stake-in-nexus/" target="_blank" rel="noopener">roundup</a>.

Funding and M&A Roundup: Vulcan Energy Resources Secures $44 Million

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					</table>From: <a href="https://mercomcapital.com/funding-and-ma-roundup-vulcan-energy-resources-secures/" target="_blank" rel="noopener">Mercom Capital Group</a>
Vulcan Energy Resources, a material exploration company, <a href="https://mercomcapital.com/vulcan-energy-resources-secures-44-million-investment/" target="_blank" rel="noopener">secured</a> €40 million (~$44 million) through strategic investments. The breakdown of this funding includes €25 million (~$27 million) from CIMIC Group for 10 million shares, €12.5 million (~$13.6 million) from Hancock Prospecting for 5 million shares, and €2.5 million (~$2.7 million) from Victor Smorgon Group for 1 million shares, all through private placements. The funds raised will facilitate the early validation processes for the Engineering Procurement and Construction Management contract related to Vulcan’s Phase One lithium plant.
Microvast Holdings, a company that designs and manufactures lithium-ion batteries,<a href="https://mercomcapital.com/battery-manufacturer-microvast-secures-25-million-loan-facility/" target="_blank" rel="noopener"> secured</a> an initial $12 million draw of a $25 million secured debt facility. According to the company, fierce competition in the battery market has forced it to streamline its operations to ensure long-term sustainability, including workforce reductions and consolidations within its U.S. battery division. The funding will be used to provide working capital to continue operating in the U.S.
candi solar, a solar solutions provider for commercial and industrial (C&amp;I) consumers, has <a href="https://www.mercomindia.com/candi-solar-secures-38-million" target="_blank" rel="noopener">secured</a> $38 million in equity investment in its Series C funding round led by Norfund, Kyuden International, and STOA. This investment will support candi solar’s growth plans in India and Africa, financing an additional 200 MW of solar projects for C&amp;I consumers and bolstering hiring initiatives to sustain its expansion. candi solar operates across 17 states and two union territories in India, and eight provinces in South Africa.
Hero MotoCorp has <a href="https://www.mercomindia.com/hero-motocorp-increases-stake-in-ev-firm-ather-by-2-2" target="_blank" rel="noopener">increased</a> its stake in electric mobility firm Ather Energy by 2.2% by purchasing shares worth ₹1.24 billion (~$14.85 million). The indicative period for the completion of the acquisition is July 31, 2024. The transaction will be made on an arm’s length basis.
Yokogawa Electric, a provider of systems and solutions for measurement, control, and information technologies, has <a href="https://mercomcapital.com/yokogawa-acquires-energy-management-software-provider-baxenergy/" target="_blank" rel="noopener">acquired</a> BaxEnergy, a provider of renewable energy management solutions. With this acquisition, Yokogawa has access to a range of solutions provided by BaxEnergy that are adopted by power companies across Europe.
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-apricus-acquires-nexus" target="_blank" rel="noopener">roundup</a>.

<a href="https://www.yokogawa.com/" target="_blank" rel="noopener">Yokogawa Electric</a>, a provider of systems and solutions for measurement, control, and information technologies, has acquired <a href="https://www.baxenergy.com/" target="_blank" rel="noopener">BaxEnergy</a>, a provider of renewable energy management solutions (REMS). With this acquisition, Yokogawa has acquired access to a range of solutions provided by BaxEnergy that are adopted by power companies across Europe.
Simone Massaro, CEO of BaxEnergy, said, &#8220;We are proud to now be part of the Yokogawa family. Through this relationship, we will be able to scale globally and provide power producers and process industry users with our intelligent data engineering and renewable energy management expertise, delivered through our data infrastructure and ecosystem of applications&#8221;.
Established in 2010, BaxEnergy provides flexible and scalable REMS. The company said that its REMS solutions integrate the management of a wide variety of renewable power generation facilities and can analyze data from turbines, inverters, and other types of power generation equipment from many different manufacturers to improve power generation efficiency.
Koji Nakaoka, a senior vice president and head of Yokogawa Electric&#8217;s Energy &amp; Sustainability Business Headquarters, said, &#8220;Yokogawa contributes to the realization of a resilient and sustainable society by supporting safe and optimal operations throughout the increasingly diversified energy supply chain. We look forward to leveraging BaxEnergy&#8217;s unique strengths to generate synergies and accomplish this aim.&#8221;
According to Mercom&#8217;s Q1 2024 Funding and M&amp;A <a href="https://cms.mercomindia.com/product/q1-2024-funding-ma-report-storage-grid/" target="_blank" rel="noopener">report</a> for Storage &amp; Smart Grid, there was one corporate M&amp;A transaction in Q1 2024 compared to four transactions in Q1 2023.
EnergyCAP, an energy and sustainability enterprise resource planning software company, recently announced the <a href="https://cms.mercomindia.com/energycap-acquires-software-provider-wattics/" target="_blank" rel="noopener">acquisition</a> of Wattics,  an energy management analytics and monitoring platform that allows professionals in the energy and sustainability industry to manage, monitor, and analyze energy and commodities from a single dashboard.

Yokogawa Acquires Energy Management Software Provider BaxEnergy

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