This summary is generated by an algorithm. If you find any mistakes, let us know.

Energy Energy Management Energy Storage Renewable Energy Western Europe

Energy Vault Raises $100M in Series C Funding

– Energy Vault is a Westlake Village, CA-based creator of gravity-based, grid-scale energy storage solutions with its proprietary technology.
– Company raised $100m in Series C funding.
– The round was led by existing investor Prime Movers Lab, with participation from other existing investors SoftBank Vision Fund, Saudi Aramco Energy Ventures, Helena, and Idealab X, and new investors Pickering Energy Partners through its Energy Equity Opportunity Fund, SailingStone Global Energy Transition, A.T. Gekko, Crexa Capital Advisors LLC, Green Storage Solutions Venture I LLC, and Gordon Crawford.
– The company intends to use the funds to ramp up multi-continent deployments of its innovative EVx™ platform, including fulfilling a pipeline of customer agreements across markets in the U.S., Middle East, Europe, and Australia.

Source
Energy Energy Storage Manufacturing North America Oil and Gas Renewable Energy Solar

Ambri Raises $144M in Financing

– Ambri from Marlborough, Massachusetts develops a new, long-duration battery technology that will enable widespread use of renewable energy sources, reduce electricity costs, and enable power systems to operate efficiently.
– The company raised $144m in Series C round.
– The round was led by strategic investors Reliance New Energy Solar Ltd, a wholly owned subsidiary of Reliance Industries Limited, Paulson & Co. Inc., and includes Ambri’s largest shareholder, Bill Gates, new investors, Fortistar, Goehring & Rozencwajg Associates, Japan Energy Fund and others.
– The company intends to use the funds to commercialize and grow its daily cycling, long-duration system technology, and to build a domestic manufacturing facility.

Source
Battery Eastern Asia Electric Vehicle Energy Energy Storage Manufacturing

SVOLT Energy Closes RMB10.28 Billion Series B Financing

– SVOLT Energy Technology Co., Ltd. is a Beijing, China-based EV battery manufacturer.
– Company raised a total amount of RMB 10.28 billion ($US 1.58 billion) in Series B funding.
– The round was led by Bank of China Group Investment (BOCGI), Country Garden Venture Capital, Shenzhen Capital Group (SCGC), CCB Investment, IDG Capital, Sany, Xiaomi Corporation, Oceanpine Capital, CHINA RENAISSANCE among others.
– The Series B funds will be mainly used for R&D of new technologies and construction of new factories.

Source
Energy Energy Storage Infrastructure South Asia

ION Energy Raises $3.6 Million with the Participation of Amazon’s Climate Pledge Fund

– ION Energy, an energy-tech startup building advanced electronics and software platforms for new energy enterprises, announced it has raised $3.6 million in Pre-Series A funding.
– The round was raised from Amazon’s Climate Pledge Fund and joined by Silicon Valley-based Climate Capital, early-stage investor YourNest Venture Capital, Riso Capital, Venture Catalysts, and other angel investors.
– The funds will be used to grow the ION team to 125+ (currently 70), invest in product development, and expand the software business in North America and Europe.
– As part of the round, Anup Menon, Head of Strategy & Emerging Technology at Bank of America will join ION’s Board of Directors.

Source
Battery Clean Energy CleanTech Electronics Energy Energy Storage Manufacturing Western Europe

Swedish company Northvolt raises $2.75B to accelerate European battery production

– Swedish battery developer and manufacturer Northvolt raised $2.75bn funding.
– The round was led by Goldman Sachs and Volkswagen, and new investors including the Swedish pension funds AP1-4 and OMERS, one of Canada’s largest pension plans.
AMF, ATP, Baillie Gifford, Baron Capital Group, Bridford Investments Limited, Compagnia di San Paolo through Fondaco Growth, Cristina Stenbeck, Daniel Ek, IMAS Foundation, EIT InnoEnergy, Norrsken VC, PCS Holding, Scania and Stena Metall Finans also participated in the raise.
– Northvolt has already scored major deals with automakers like Volkswagen and BMW.

Source
Energy Energy Management Energy Storage Renewable Energy Western Europe

Energy Vault Receives Investment from Saudi Aramco Energy Ventures

– Energy Vault from Lugano, Switzerland develops renewable energy storage products.
– Company received investment from Saudi Aramco Energy Ventures (SAEV).
– The amount of the deal was not disclosed.
– The company intends to use the funds to accelerate global deployment of its technology.

Source
Clean Energy CleanTech Electrical Distribution Energy Storage North America Renewable Energy

Moxion Power Raises $10 Million Series A led by Energy Impact Partners to Electrify the Construction Industry

– Moxion Power has raised a $10m Series A financing led by Energy Impact Partners.
– The round was completed with the support of several of Moxion’s existing investors, including Tamarack Global and Liquid 2 Ventures.
– Moxion is replacing inefficient, heavily-polluting, fossil-fuel-burning generators with its proprietary mobile energy storage technology and all-electric equipment rental solutions, helping customers reduce the costs of temporary power and decarbonize their operations.
– Moxion’s initial products are designed and engineered to meet the demands of the construction industry, which relies on renting generators and other equipment that traditionally runs on diesel fuel.

Source
Energy Energy Storage North America Transportation

24M Raises $56.8M in Series E Funding

– 24M announced has raised a $56.8m Series E.
– The financing was led by global trading company ITOCHU Corporation and as a part of the financing.
– Also participating in the round were new investors Fujifilm Corporation and Mirai Creation Fund II, along with previous investors, including Kyocera Corporation, Global Power Synergy Public Company Ltd (GPSC) and North Bridge Venture Partners.

Source
Battery CleanTech Energy Energy Storage North America Renewable Energy

Gridtential Raises $12M in Funding

– Gridtential Energy, a Santa Clara, Calif.-based creator of advanced AGM battery technology Silicon Joule, raised $12M in financing.
– The round was led by 1955 Capital with participation from Silicon Valley Bank, August Capital cofounder David Marquardt, ReneSola CEO Yumin Liu and existing investors East Penn Manufacturing, Crown Battery and the Roda Group joining as well.
– The company, which has raised $28M to date, intends to use the funds to support a new production line of advanced lead reference batteries, including the single-block 24V deep-cycle lead battery.

Source
Battery Energy Storage Europe Renewable Energy

betteries Raises €2.1M in Seed Funding

– betteries, a Berlin, Germany-based profit for impact startup, closed its €2.1m seed funding.
– The round was led by impact funds Factor[e] Ventures and Beyond Black with participation from Munich-based family office ISAR AG, an undisclosed French family office as well as existing shareholders.
– The company intends to use the funds to refine its business model, serve more customers in developed economies and frontier markets, get its first two products – the betterPack and the betterGen – launched into the market in 2021 and kick-start the development of the betterStore.

Source
CleanTech Commercial Real Estate Electric Vehicle Energy Energy Storage Internet of Things North America Renewable Energy Software

Peak Power Inc. Closes Latest Funding Round with Investment from The Atmospheric Fund

– Toronto-based Peak Power (Peak) today announced that it has closed funding from The Atmospheric Fund (TAF), representing the fifth investor in Peak’s capital funding round.
– TAF will join Sensata Technologies, Export Development Canada (EDC), BDC Capital, and Hatch/Canadian Shield as a strategic investor in Peak.
– TAF brings to the round their focus on carbon emissions reduction, as they have a mandate to advance local solutions to climate change through high impact investments.
– Their contribution aligns with Peak’s commitment to decarbonize energy, the built environment, and mobility through enabling intelligent energy in smart cities.

Source
Battery Electric Vehicle Energy Energy Storage Manufacturing North America Renewable Energy

Fidelity Leads $81M Investment in Enevate to Accelerate Commercialization of Fast-Charging Electric Vehicle Battery Technology

– Enevate announced that it has secured a $81M Series E funding led by Fidelity Management & Research Company, providing the company with additional new resources aimed at accelerating global mass adoption of Enevate’s unique battery technology in electric vehicles.
– Existing investors, Mission Ventures and Infinite Potential Technologies, also participated in the round.
– The funding will enable Enevate to significantly expand its pre-production line designed to guide EV and other battery customers toward implementing larger-scale battery manufacturing utilizing Enevate’s silicon anode-based batteries.
– The funding would also enable Enevate to scale and grow. Included will be the hiring of additional personnel with an emphasis on scientists and engineers.
– With this latest funding round, Enevate has raised $191 million to date.

Source
Crunchbase icon

Content report

The following text will be sent to our editors: