Private equity investors are leaning into energy transition with new funds, strategies, and attitudes about risk as more emerging categories go mainstream. Regulation remains the perennial spoiler
India’s Euler Motors, a logistics-focused electric three-wheeler maker, has lifted its Series C round to about USD 83m with a USD 14m tranche featuring cleantech investor Green Frontier Capital.
US-based Algenesis has figured out how to make plastic from algae. Singapore’s Circulate Capital is helping the company bring the technology to Asian manufacturers
Aramaco Ventures, a VC unit of Saudi oil giant Aramaco, has led a USD 10m Series A round for Singapore’s Redex, an early mover regionally in renewable energy certificates (RECs).
Mandiri Capital, the venture arm of Indonesia’s Bank Mandiri, and Australia-based VC firm Investible have launched a climate technology fund of unspecified size.
Saudi Arabia’s Neom Investment Fund, a strategic venture vehicle for the planned smart city of Neom, has made a USD 100m commitment to Chinese autonomous driving player Pony.ai.
India, US, and Nigeria-based renewable energy developer Husk Power has raised USD 43m in Series D funding from global VC investors for a South Asia and sub-Saharan Africa mini-grid rollout.
Bolt.Earth turned its electric vehicle operating system into the foundation stone for India’s largest charging network aimed at two- and three-wheelers overlooked by mainstream operators
Stilt Studios, a sustainable construction start-up founded by the former co-CEO of Lazada Indonesia, has secured USD 10m in Series A funding – comprising debt and equity tranches – which will be used to support expansion into Australia, Europe, and...
Korea’s STIC Investments has agreed to sell biofuels producer Daekyung Oil & Transportation to a consortium backed by SK Group, Korea Development Bank (KDB), and Eugene Private Equity.
TPG Rise Climate, a dedicated climate fund under TPG’s global impact platform, has invested about INR 14.7bn (USD 176m) in an engineering and digital services division of India’s Tata Motors.
Indian electric vehicle (EV) charging infrastructure developer Bolt.Earth has raised USD 20m from a mix of investors including US-based Union Square Ventures.
Brookfield Asset Management has launched its second India renewable energy platform in three months, committing USD 845m alongside Axis Energy to the latest venture.
KKR helped GreenCollar take advantage of carbon credit markets that have become increasingly global and economically viable – and it took dozens of employees along for the ride
Asia-focused industrial technology investor ShawKwei & Partners has announced its third investment in a US-based company in three weeks, with a USD 34.3m commitment to battery manufacturer Group14 Technologies.
Pacific Equity Partners (PEP) has agreed to pay AUD 272.1m (USD 174m) for a 50% stake in LMS Energy, a biogas-to-energy and solar renewable energy business held by Australian metals recycler Sims.
Chinese private equity firm Hony Capital has filed to raise a special purpose acquisition company (SPAC) in Hong Kong, having previously failed to get traction with a similar structure in the US.
Investors targeting green technology in China are looking beyond saturated areas such as renewable energy projects to opportunities that target unaddressed industry pain points, the AVCJ Private Equity & Venture Forum China 2023 heard.
Singapore-based e-commerce services provider Amp, which was founded by the team behind inventory and order management platform TradeGecko, has raised USD 18.5m in Series A funding.
ShawKwei & Partners found its niche in Asia-based industrials businesses with relative cost advantages. Thanks to geopolitics and shifting growth patterns, the GP is now targeting assets in North America
Japan’s Mitsui Sumitomo Insurance Venture Capital (MSIVC) has joined a Series A round for Israel-based nuclear fusion start-up NT-Tao that had raised USD 22m as of February.
Hozon Auto, a Chinese electric vehicle (EV) manufacturer, has raised CNY 7bn (USD 961m) in crossover or pre-IPO funding from unnamed investors.
The HSBC GBA Sustainability Fund, a debt vehicle launched in May with an initial size of USD 5bn, has been increased to USD 9bn due to a positive market response.
Horizons Ventures, a deep tech investment arm of Hong Kong billionaire Li Ka-Shing, has led a USD 50m Series B round for Indonesian electric vehicle (EV) maker Ilectra Motor Group (IMG).