Cleantech
Nissan terminates sale of battery business to China's GSR Capital
Nissan Motor has abandoned plans to sell its electric battery operations and production facilities to GSR Capital because the Chinese private equity firm didn’t have sufficient funds to complete the transaction.
Deal focus: Byton plans China luxury breakthrough
Legend Capital-backed Byton plans to pursue global expansion in the luxury electric car market with the help of a $500 million Series B round
Macquarie exits 80% stake in Australia wind farm
Macquarie Capital has exited an 80% holding in Australian wind farm project Lal Lal, with Canada-based Northleaf Capital Partners and UK-based Infrared Capital Partners each taking 40% stakes.
Chinese smart vehicle start-up raises $500m
Byton, a China-based manufacturer of smart electric cars backed by Legend Capital, has secured a $500 million Series B funding round from a group of domestic strategic investors.
Beyond backs Hong Kong electric motor company
Hong Kong-based Beyond Ventures has joined a $10 million round for ePropulsion Innovation, a domestic technology developer focused on electric motors for recreational boating.
GIC-backed Greenko raises $447m, plans acquisition
Greenko Energy, an Indian renewable energy producer owned by the Singapore sovereign wealth fund, GIC Private, has raised $447 million primarily from GIC and the Abu Dhabi Investment Authority (ADIA).
US, China-based Protean gets $40m Series E
Chinese automotive industry supplier Weifu High Technology Group has led a $40 million Series E round for Protean Electric, a US and China-based auto equipment developer backed by a number of VC investors.
Partners Group commits $530m to Australia renewables platform
Partners Group has agreed to invest A$700 million ($530 million) in an Australian renewable energy platform with plans to advance an existing wind power project.
CDH, DCP to invest $70m in China's Sunpower
DCP Capital Partners, a private equity firm established by the former China heads of KKR, has agreed to jointly invest $70 million alongside CDH Investments in Chinese energy industry supplier Sunpower.
Beyond, Linear invest Hong Kong’s Insight Robotics
Beyond Ventures and Linear Capital have co-led a $9 million investment in Insight Robotics, a Hong Kong-based company that specializes in advanced forest fire detection systems.
PE investors set for partial exits in ReNew Power's India IPO
Indian renewable energy producer ReNew Power has filed for a domestic IPO that will enable Goldman Sachs, Abu Dhabi Investment Authority (ADIA), and Global Environment Fund (GEF) to make partial exits.
GSR invests $236m in China environmental technology player
GSR Capital, a Chinese private equity firm with a strong interest in clean energy technology, has agreed to invest RMB1.5 billion ($236 million) in overleveraged domestic environmental project developer Shenwu Technology Group.
EV in Asia: Easy Riders
Higher scooter and motorcycle use rates in Asia suggest an opening for the region to take the lead in clean mobility. Early investors in electric two-wheelers have outlined the opportunity
Asian investors commit $150m to Arctic Green Energy
CITIC Capital and China Everbright have committed $100 million in debt and equity funding to Iceland-based geothermal energy developer Arctic Green Energy (AGE), alongside a $50 million loan facility provided by the Asian Development Bank (ADB).
PE to find few inroads in renewable energy
Renewable energy appears set to remain a fringe interest for private equity investors despite rapid sector growth and significant opportunity for disruption.
Temasek, Sailing lead $114m round for Impossible Foods
Singapore’s Temasek Holdings and China’s Sailing Capital have led a $114 million round for Impossible Foods, a US-based vegetarian food technology company currently expanding into Asia.
Cathay launches $239m China smart energy fund
Cathay Capital Private Equity has launched a fund with a targeted corpus of RMB1.5 billion ($239 million) for investment in emerging technologies and business models in the Chinese energy sector.
China’s CHJ Automotive raises $474m Series B
Chinese electric vehicle maker CHJ Automotive has completed a RMB3 billion ($474 million) Series B round led by Matrix Partners China and Shougang Fund, an investment firm backed by state-owned steel producer Shougang Corporation.
Brookfield, GLP launch China rooftop solar venture
Brookfield Asset Management and Singapore-based warehouse operator GLP have formed a joint venture aimed at enabling construction of rooftop solar projects in China.
Korean cross-border fund supports US solar panel buyout
The Corporate Partnership Fund (COPA Fund), a cross-border program backed by Korea's National Pension Service (NPS), has joined Korea Electric Power Corporation (KEPCO) in the acquisition of three US solar power projects.
Corporate VC funds foreshadow auto sector M&A wave
A raft of specialist fundraising activity by technology and automotive corporates suggests start-ups in nascent areas of the mobility industry could benefit from a near-term uptick in M&A activity.
Auto technology: Investment vehicles
New and old players are vying for market share as the global automotive industry experiences a multifaceted reboot. Investment inroads abound, but there is much uncertainty in the evolution
China's Farasis Energy secures $793m Series C
Farasis Energy, a rechargeable battery manufacturer with operations in China and the US, has raised RMB5 billion ($793 million) in Series C funding from the China State-owned Venture Capital Fund.
Deal focus: CITIC identifies OBOR cleantech angle
Organica Water's plans to build botanical garden-style wastewater treatment plants in urban centers along the Silk Road make it well-suited to CITIC Capital's One Belt One Road (OBOR) agenda
