From: Mercom Capital Group

ACCURE Battery Intelligence, a battery software solutions provider, has secured $16 million in an oversubscribed Series B funding round. The funding round was led by Incharge Capital Partners, a joint venture of Porsche SE and DTCP, with participation from existing investors BlueBear Capital, HSBC Asset Management, Riverstone Holdings, Capnamic, and 42CAP. The company plans to use the funding to expand across the Americas, Europe, Asia Pacific, and other regions to meet growing demand.

ONGC NTPC Green (ONGPL), a joint venture between ONGC Green and NTPC Green Energy, has signed a share purchase agreement to acquire a 100% equity stake in utility-scale renewable energy platform Ayana Renewable Power for ₹195 billion (~$2.3 billion). The agreement was signed with the National Investment and Infrastructure Fund (NIIF), British International Investment and its subsidiaries, and Eversource Capital. NIIF is a majority shareholder in Ayana.

Electric Vehicle (EV) battery solutions provider, The Energy Company secured $2 million (~₹173.8 million) in a pre-Series A funding round. Siana Capital, Callapina Capital, Z21 Ventures, 1Crowd, Lets Venture, and other top-tier investors led the funding round. The company had earlier completed a pre-seed round for $600,000 (~₹52.14 million). The funds will be used to grow the company’s full-stack battery intelligence platform.

Power electronics startup Dynolt Technologies has secured $1.7 million (~₹147.7 million) in a seed funding round led by Transition VC. Angel investor Yashowardhan Shah also participated in the funding round. Dynolt develops power electronics solutions for clean energy sectors such as e-mobility, energy storage, renewables, and hydrogen. The funds will be used to expand Dynolt Technologies’ electric mobility footprint.

NatPower UK, a renewable energy company, has secured up to £60 million (~$74 million) with European infrastructure bank Kommunalkredit. The funding will support NatPower’s strategy and its 80GWh portfolio of battery storage projects, including long-duration energy storage. The company’s UK battery storage pipeline features three 1GW GigaParks in North Yorkshire and Tees Valley, with a total of 100GWh in various stages of development.

For reports and trackers on funding and M&A transactions in solar, energy storage, and smart grid sectors, click here.

Read last week’s funding roundup.