Northeast Frontier Railway Tenders 5.7 MW of Rooftop Solar Projects

RBI to Raise ₹200 Billion in Sovereign Green Bonds in Second Half of 2024-25

HLE Glascoat to Procure Power from CleanMax’s Wind and Solar Projects  

Daily News Wrap-Up: NVVN Awards 66 MW Solar Projects to Two Companies

Kirloskar and Oriana Win Contracts for 66 MW of Solar Projects from NVVN

SECI Invites Bids for Supply of 400 MW of India-made Solar Modules

Torrent Power’s Revenue Grows 3% YoY in Q2 FY 2025

CleanMax to Supply 33 MW of Renewable Energy to Equinix’s Data Centers in Mumbai

CERC Proposes New Regulations for Trading in Carbon Credit Certificates

UAE’s Masdar Signs Investment Agreement for 1 GW Wind Project in Kazakhstan


					<table id="amazon-polly-audio-table">
						<tr>
						<td id="amazon-polly-audio-tab">
							<div id="amazon-ai-player-label">Listen to this article</div>
							<div id="amazon-ai-player-container">
			<audio class="amazon-ai-player" id="amazon-ai-player" preload="none" controls   controlsList="nodownload" >
				<source type="audio/mpeg" src="https://cms.mercomindia.com/wp-content/uploads/2024/06/amazon_polly_67257.mp3?version=1718772563">
			</audio>
		</div>
							<div id="amazon-polly-subscribe-tab"></div>
							<div id="amazon-polly-by-tab"></div>
						</td>
						</tr>
					</table><p><strong>From: <a href="https://mercomcapital.com/funding-and-ma-roundup-ev-charger-manufacturer-ekoenergetyka-secures-170-million/" target="_blank" rel="noopener">Mercom Capital Group</a></strong></p>
<p><strong>Ekoenergetyka, a manufacturer of EV chargers, has <a href="https://mercomcapital.com/ev-charger-maker-ekoenergetyka-secures-170-million-loan/" target="_blank" rel="noopener">secured</a> a loan of PLN 691 million (~$170 million) from Bank Pekao</strong>, which is the leader and agent of the consortium. The funding will provide the company with the opportunity for further development both in the area of international expansion across Europe and in the area of planned ambitious investments. Upon meeting certain conditions, the loan amount can also be increased up to PLN741 million (~$183 million).</p>
<p><strong>Swift Solar, a company that designs and manufactures Perovskite-based photovoltaic cells, </strong><a href="https://mercomcapital.com/swift-solar-raises-27-million-in-series-a-funding/" target="_blank" rel="noopener"><strong>raised</strong></a><strong> $27 million in a Series A funding</strong> round co-led by Eni Next, Eni’s corporate venture capital arm, and Fontinalis Partners, a mobility and deep tech VC firm that invests in startup companies. With this funding round, the company has raised a total of $44 million.</p>
<p><strong>Gorilla, a clean energy provider of data-driven solutions, has </strong><a href="https://mercomcapital.com/energy-data-startup-gorilla-raises-25-million-in-series-b-funding/" target="_blank" rel="noopener"><strong>closed</strong></a><strong> €23 million (~$25 million) in a Series B funding</strong> round led by global venture capital firm Headline, with existing investors including Beringea and the Flemish investment company PMV. Gorilla offers solutions for utility companies to help maximize efficiency, understand energy portfolios influenced by distributed energy resources such as solar panels, wind turbines, and battery storage, ensure operational stability, and develop pricing strategies based on individual usage patterns.</p>
<p><strong>UNIGRID, a provider of sodium-based battery solutions, </strong><a href="https://mercomcapital.com/sodium-ion-battery-startup-unigrid-secures-12-million/" target="_blank" rel="noopener"><strong>raised</strong></a><strong> $12 million in an oversubscribed Series A funding round</strong>. The round was co-led by Transition VC and Ritz Venture Capital and joined by new investor Union Square Ventures. Existing investor Foothill Ventures also participated in this round. The company stated that this investment would accelerate and scale up its battery production to a megawatt-scale to satisfy the customer demand for electric mobility and stationary storage markets.</p>
<p><strong>Samara, a provider of solar and energy storage solutions for households, </strong><a href="https://mercomcapital.com/solar-energy-startup-samara-closes-10-million-series-a-funding/" target="_blank" rel="noopener"><strong>secured</strong></a><strong> a €9 million (~$10 million) in Series A funding</strong> round. With this funding, the company plans to expand its services, develop new products, and reach larger market segments with its financing solutions. This round was led by Green Generation Fund and Move Energy, accompanied by impact funds Ring Capital and Athletico Ventures.</p>
<p><strong>Princeton NuEnergy, a provider of battery recycling solutions, <a href="https://mercomcapital.com/princeton-nuenergy-closed-oversubscribed-funding/" target="_blank" rel="noopener">closed</a> $30 million in an oversubscribed Series A funding</strong> round with a strategic investment from Samsung Venture Investment Corporation, Samsung&#8217;s corporate venture arm, investing in breakthrough technologies across industries and from Helium-3 Ventures. The funding brings the total amount raised by the company to over $55 million, including multiple U.S. Department of Energy grants totaling $18 million and a $7.9 million seed and angel rounds.</p>
<p>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>.</p>
<p>Read last week&#8217;s funding <a href="https://www.mercomindia.com/funding-and-ma-roundup-vulcan-secures-44-millionhttps:/www.mercomindia.com/funding-and-ma-roundup-vulcan-secures-44-millionhttps:/www.mercomindia.com/funding-and-ma-roundup-vulcan-secures-44-million" target="_blank" rel="noopener">roundup</a>.</p>


Funding and M&A Roundup: EV Charger Manufacturer Ekoenergetyka Secures $170 Million


					<table id="amazon-polly-audio-table">
						<tr>
						<td id="amazon-polly-audio-tab">
							<div id="amazon-ai-player-label">Listen to this article</div>
							<div id="amazon-ai-player-container">
			<audio class="amazon-ai-player" id="amazon-ai-player" preload="none" controls   controlsList="nodownload" >
				<source type="audio/mpeg" src="http://mercomindia.com/wp-content/uploads/2023/01/amazon_polly_47284.mp3?version=1672810589">
			</audio>
		</div>
							<div id="amazon-polly-subscribe-tab"></div>
							<div id="amazon-polly-by-tab"></div>
						</td>
						</tr>
					</table><p><strong>From: <a href="https://mercomcapital.com/funding-and-ma-roundup-rabobank-invests-in-battery-energy-storage-project-developer/" target="_blank" rel="noopener">Mercom Capital Group</a></strong></p>
<p><strong>Rabo Investments has </strong><a href="https://giga-storage.com/en/news/rabo-investments-acquires-a-participation-in-giga-storage/" target="_blank" rel="noopener"><strong>infused</strong></a><strong> an undisclosed amount in GIGA Storage</strong>, a large-scale battery energy storage project developer. The investment will enable GIGA Storage to expand its network of large-scale energy storage. GIGA Storage has 420 MWh of projects in the pipeline.</p>
<p><strong>India-based automobile conglomerate and the parent company of Royal Enfield, Eicher Motors, said it would </strong><a href="https://mercomindia.com/eicher-motors-to-acquire-in-e-motorcycle-firm-for-million/" target="_blank" rel="noopener"><strong>acquire</strong></a><strong> a 10.35% stake in European electric motorcycle manufacturer Stark Future</strong> with an initial equity investment of €50 million (~$53.2 million). Both Royal Enfield and Stark Future will use the investment for the electrification of motorcycles. The investment will help Enfield enter the electric mobility segment.</p>
<p><strong>GCL Optoelectronic Material, a subsidiary of Hong Kong-listed GCL Technology Holdings, one of China’s largest photovoltaic materials makers, has </strong><a href="https://www.dealstreetasia.com/stories/gcl-optoelectronic-material-series-b-321514" target="_blank" rel="noopener"><strong>secured</strong></a><strong> 500 million yuan (~</strong><strong>$72 million) in a Series B </strong>extension round led by Temasek Holdings, Sequoia Capital China, and IDG Capital. The company will use the proceeds to upgrade the craftsmanship and equipment of its 100 MW large–area perovskite solar module assembly lines.</p>
<p><strong>Suryanesia a clean energy startup that provides a SaaS platform for commercial and industrial clients to access renewable energy </strong><a href="https://www.finsmes.com/2022/12/suryanesia-raises-us2m-in-seed-funding.html" target="_blank" rel="noopener"><strong>raised</strong></a><strong> $2 million in seed funding.</strong> The round was led by Intudo Ventures with participation from several angel investors. The company intends to use the funds to grow its team to accelerate marketing efforts and project delivery. With its Solar-as-a-Service solution, the company finances, installs, operates, and maintains solar power systems on its clients’ rooftops, and the clean energy generated helps clients save on electricity bills and reduce their carbon footprint.</p>
<p><strong>Samara, a provider of solar energy-based solutions, </strong><a href="https://www.eu-startups.com/2022/12/madrid-based-samara-scores-e4-5-million-to-help-households-transition-to-solar-energy/" target="_blank" rel="noopener"><strong>raised</strong></a><strong> €4.5 million (~$4.7 million) in seed funding</strong> led by Seaya and included participation from Pelion Green Future bringing the total funding raised by the company to €6.5 million (~$6.9 million). The funding will help in the company’s expansion efforts.</p>
<p>For reports and trackers on funding and M&amp;A transactions in solar, energy storage, smart grid, and efficiency sectors, click <a href="https://mercomcapital.com/clean-energy-reports/" target="_blank" rel="noopener">here</a>.</p>
<p>Read last week’s funding <a href="https://mercomindia.com/funding-and-ma-roundup-eqt-acquires-renewable-developer-madison-energy/" target="_blank" rel="noopener">roundup</a>.</p>


Funding and M&A Roundup: Rabobank Invests in Battery Energy Storage Project Developer

samara

Get the most relevant India solar and clean energy news.

RECENT POSTS