Hong Kong-based private equity firm RRJ Capital has agreed to invest USD 300m in Malaysia-listed Yinson Holdings, an oil and gas industry supplier aiming to bring cleantech to the local energy sector.
PowerX, a Japanese start-up developing a “battery tanker” for shipping stored renewable electricity across oceans, has raised a USD 32m Series B round featuring US-based Translink Capital.
CITIC Securities and Goldstone Investment have led a CNY 1bn (USD 137 m) Series A round for China-based solar panel mounting equipment maker Guoqiang Singsun Energy.
Vietnam-based electric vehicle (EV) manufacturer VinFast saw its stock climb 287% and then fall back by 47% during the first two days of trading following one of the largest mergers to date with a US-listed special purpose acquisition company (SPAC).
Evergrande New Energy Vehicle (NEV), the electric vehicle (EV) unit of defaulted property developer China Evergrande, has raised USD 500m from Dubai-based carmaker NWTN.
Venturous Group, a Chinese smart city platform, has raised USD 21m in Series B funding led by Hong Kong utility CLP Group. It follows a USD 131m Series A in June 2021.
Cathay Capital has led a Series C round of undisclosed size for Unisun Energy, a China-based green power service provider for industrial and commercial sites.
BlackRock will manage a climate fund launched alongside the New Zealand government with a target of NZD 2bn (USD 1.2bn). It will focus on renewable energy.
GLP Capital Partners, an alternatives fund manager controlled by warehouse operator turned logistics and infrastructure investment manager GLP, has closed a CNY 4bn (USD 556m) China clean energy fund.
Japan’s The Fund, a joint venture between Mizuho Capital and VC firm Signifiant, has invested JPY 30bn (USD 21m) in local corporate energy management advisor I-Grid Solutions.
Olympus Capital Asia has made a partial exit from Singapore-based renewables platform Constant Energy through a sale to Europe-headquartered Virya Energy.
Singapore’s GIC is leaning towards infrastructure and sustainability-related assets as part of efforts to ensure portfolio resilience in the face of continued disruption driven by inflation, chronic geopolitical risk, and rising interest rates.
Australian deep tech VC firm Main Sequence has reached a AUD 450m (USD 305m) first close on its third fund, bringing overall funds under management to about AUD 1bn.
Eurazeo shattered the target for its second smart city fund thanks to an agenda that dovetails with LP interest in decarbonisation. Nine Asian LPs backed the fund and 35% of the corpus will be deployed in the region
Linc Liu, founding partner and chairman of SparkEdge Capital, a sector specialist formerly known as Ori-mind Capital, discusses new energy investment opportunities in China
Japanese power producer and utility Jera has launched a USD 300m venture capital programme aimed at sustainability-themed technology start-ups and related funds.
East Ventures, AC Ventures, and SV Investment have led a USD 37.6m seed round for Maka Motors, an Indonesian electric vehicle (EV) maker in the R&D phase.
France-based GP Eurazeo won support from several Asian institutional investors for its latest smart city fund, which has closed on EUR 400m (USD 445m). The vehicle is also expected to deploy significantly in the region.
Government and state-owned investors accounted for most, but not all, of Xiamen Hithium Energy Storage Technology’s USD 622m Series C, underlining where China’s strategic priorities lie
Wollemi Capital, an Australia-based investment firm that targets climate-related businesses globally, has raised AUD 220m (USD 147m) in Series A funding anchored by Commonwealth Bank of Australia (CBA).
Tiger Global Management and Blume Ventures have supported a INR 2.7bn (USD 33m) pre-Series B round for Indian battery-swapping electric vehicle (EV) infrastructure provider Battery Smart.
IMM Investment and Premier Partners are the largest participants in a KRW 400bn (USD 302.7m) funding round for EcoPro Innovation, a battery materials business of KOSDAQ-listed EcoPro.
Brookfield Asset Management has invested about USD 1bn in Indian energy platform Avaada as part of a newly closed USD 1.3bn funding round.
Australian middle market GP Adamantem Capital has reached a first close of AUD 150m (USD 100m) on its debut environmental opportunities fund (EOF) and made a first investment from the vehicle in food packaging business PAC Trading.