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Natel Energy Announces $20M Series B to Further Deploy Modern, Renewable Hydropower
Natel Energy Announces $20M Series B to Further Deploy Modern, Renewable Hydropower
UN

Unicorn Nest news

Natel Energy Announces $20M Series B to Further Deploy Modern, Renewable Hydropower

– Natel Energy announced a $20m funding.
– The round led by Breakthrough Energy Ventures and supported by Chevron Technology Ventures.
– The company will use the funding to build momentum in the deployment of its flagship product, the Restoration Hydro Turbine (RHT), which enables cost-effective production of distributed reliable renewable energy, while supporting the health and climate resilience of watershed ecosystems.

Source
Award-Winning Technology Firm mIQrotech Oversubscribes Series A Funding Round
Award-Winning Technology Firm mIQrotech Oversubscribes Series A Funding Round
UN

Unicorn Nest news

Award-Winning Technology Firm mIQrotech Oversubscribes Series A Funding Round

– mIQrotech announced the close of an oversubscribed Series A financing round that exceeded its fundraising target of $6m by nearly double.
– This investment will enable mIQrotech to scale up product development to meet its rapidly increasing market demand.
– The company is quickly disrupting the oil and gas industry by innovating pipeline optimization and preventing pipeline leaks.
– With additional support as a Chevron Technology Ventures Catalyst Program Participant, mIQrotech is quickly approaching unicorn status.

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Infinitum Electric Raises $40 Million in Series C Funding Led by Energy Innovation Capital
Infinitum Electric Raises $40 Million in Series C Funding Led by Energy Innovation Capital
UN

Unicorn Nest news

Infinitum Electric Raises $40 Million in Series C Funding Led by Energy Innovation Capital

– Infinitum Electric, creator of the breakthrough air-core motor, announced $40 million in Series C funding to scale production of its ultra-high-efficiency, lightweight motors.
– The investment will be used to expand production of the company’s IEs Series motors for commercial and industrial applications and complete development of its IEm Series motors for the rapidly growing electric vehicle market.
Energy Innovation Capital led the round with Infinitum Electric’s existing investors Cottonwood Technology Fund, Chevron Technology Ventures and Ajax Strategies participating. Rockwell Automation also purchased an equity stake in Infinitum Electric, bringing the company’s total funding to date to $55 million.

Source
Zap Energy Raises $27.5 Million to Advance Reactor Technology
Zap Energy Raises $27.5 Million to Advance Reactor Technology
UN

Unicorn Nest news

Zap Energy Raises $27.5 Million to Advance Reactor Technology

– Zap Energy announced an $27.5m Series B funding round.
– The round was led by Addition and includes participation from Energy Impact Partners, GA Capital and Fourth Realm, as well as existing investors Chevron Technology Ventures and LowerCarbon Capital.
– The new financing comes just nine months after closing a $6.5m Series A funding round, following the achievement of a major scientific milestone in late 2020 that brings Zap Energy closer to energy breakeven.
– Zap Energy is building the most compact, low-cost and scalable fusion reactor that does not employ magnets.
– Zap Energy achieved thermonuclear fusion in 2018 and is targeting scientific energy breakeven by 2023.
– Success would mean the production of inexpensive and unlimited carbon-free energy.

Source
Baseload Capital Closes $25M Equity Funding Round
Baseload Capital Closes $25M Equity Funding Round
UN

Unicorn Nest news

Baseload Capital Closes $25M Equity Funding Round

– Baseload Capital from Sweden specializes in funding the deployment of heat power worldwide.
– The company closed a $25m round.
Chevron Technology Ventures acted as a new strategic investor.
– The company intends to use the funds to accelerate deployment in its key markets.

Source
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