From: Mercom Capital Group

Nyobolt, a U.K.-based fast-charging Li-ion battery solutions developer, raised $60 million in a Series C funding round, bringing the company’s valuation to $1 billion. The company plans to use the proceeds to expand its development pipeline and commercialize its battery solutions for autonomous machines and AI data center infrastructure. Symbotic, an artificial intelligence-enabled robotics technology company for the supply chain, led the funding round. IQ Capital, Latitude (Phoenix Court), Scania Invest, and CBMM also participated.

Moment Energy, an electric vehicle battery repurposing company, has raised $40 million in its Series B funding round, bringing the total capital raised to more than $100 million. Evok Innovations led the funding round, with participation from Liberty Mutual Investments, W23 Global Fund, and Acario, the corporate venture capital arm of Tokyo Gas. The new investors join Moment Energy’s existing major investors, including Amazon’s Climate Pledge Fund, Voyager Ventures, and In-Q-Tel.

Ecofy, a non-banking financial company backed by Eversource Capital, British International Investment, FMO, and Finnfund, has raised $15 million in debt financing from Mirova, an affiliate of Natixis Investment Managers dedicated to sustainable investing. The loan proceeds will be used to support Ecofy’s onward lending to finance residential, commercial, and industrial rooftop solar installations, as well as electric mobility solutions across India.

MARS Energy Group has acquired California-based Solar Savings Direct, doing business as Solar and Roof Direct, and Sequoia Roofing & Construction. The two acquired companies serve California homeowners and production homebuilders across roofing, solar, and battery storage projects. The company did not disclose the transaction value or the financial terms of the acquisitions.

Private equity firm, FH Capital, has entered into a definitive agreement to acquire a 75.1% stake in China-based solar module and cell manufacturer, JinkoSolar’s U.S. subsidiary. Post-acquisition, JinkoSolar will hold a 24.9% minority stake in its U.S. subsidiary, Jinko Solar Industries. The company did not disclose the acquisition cost.

India-based Amrut Energy, a solar water pump manufacturer and renewable energy solutions provider, has announced its merger with Mascot Dynamics, a diversified engineering group operating in India’s oil and gas, chemical, and water infrastructure sectors. The merged company will operate as “Amrut Energy, a Division of Mascot Dynamics”.

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.