KKR has agreed to invest an additional USD 250m in India’s Serentica Renewables, a clean energy provider focused on energy-intensive commercial and industrial segments.
Japanese e-scooter maker and urban shared micro-mobility developer Luup has raised a JPY 4.5bn round led by local VC firm Spiral Capital.
Legend Capital has led a CNY 1bn (USD 145m) Series B funding round for China-based energy storage battery developer Rongke Power.
Lowercarbon Capital, a US-based VC firm specialising in climate, has led a AUD 23m (USD 15.5m) Series A round for Australian lithium production services company Novalith Technologies.
Queensland Investment Corporation (QIC), an Australian sovereign wealth fund, has agreed to acquire a 50% stake in New Zealand-listed Vector Metering at an enterprise valuation of NZD 2.5bn (USD 1.6bn).
BP Ventures and Morgan Stanley Infrastructure have made a USD 22m equity investment in Magenta Mobility, an Indian electric vehicle (EV) charging station provider.
Goldman Sachs has clocked a healthy return from ReNew Energy Global after helping the company diversify its offering and navigate the regulatory pitfalls of India’s renewables space
Ondine Capital, a Southeast Asia-focused VC firm set up by investors from China's CICC Capital and JD.com and Indonesia's MediaTek, has invested in Indonesian battery-swapping scooter maker Swap Energy.
Japanese electric vehicle (EV) manufacturer EV Motors has completed an extended Series C round, raising JPY 3.6bn (USD 27.1m) from at least 23 investors.
Weview, a China-based battery manufacturer, has raised a Series A of CNY 600m (USD 87m) led by two state-backed investors - Guohe Xinli, which is a fund under the State Development & Investment Corporation (SDIC) and Zhuhai-based Da Heng Qin Group.
Singapore-based private equity firm Heritas Capital has reached a first close of USD 20m on its latest Asia impact fund against an overall target of USD 50m. DBS contributed USD 10m.
The Blackstone Group has completed a staged exit from India-listed automotive industry supplier Sona Comstar, selling its remaining 20.5% via bulk open market deals worth about USD 600m.
India’s Multiples Alternate Asset Management has led a INR 12bn (USD 145.7m) investment in TI Clean Mobility, an electric vehicle (EV) subsidiary of engineering conglomerate Murugappa Group.
New Zealand’s Mint Innovation, a precious metals refiner that salvages electronic waste, has raised NZD 60m (USD 37m) in Series C funding featuring Australian PE firm Liverpool Partners.
PCG Power, a Chinese energy management services provider incubated by property developers China Poly Group and Country Garden, has raised CNY 500m (USD 73m) in Series A funding.
Soil carbon sequestration specialist Loam Bio’s Series B is the largest ever seen in Australian agricultural technology. The company’s backers expect it to go big and go global
Bluepha, a Chinese start-up focused on bio-based chemicals, has raised CNY 400m (USD 58m) in a fourth tranche of Series B funding.
Loam Bio, an Australia-based agricultural technology start-up that uses microbes to sequester carbon in farm soils, has received AUD 105m (USD 73m) in Series B funding.
Zypp Electric’s USD 25m Series B comes on the back of a business model pivot, a pandemic-driven boom, and a tie-up with its lead investor to put swappable batteries into its two-wheelers
TCab Tech has won USD 15m in funding to bankroll its electric-powered alternative to helicopters. The path to market might be relatively short, but the wait for revenue will be longer
Zeekr, a Chinese electric vehicle (EV) brand under traditional automaker Geely, has closed a Series A round of USD 750m at a valuation of USD 13bn.
B Capital Group and Quona Capital have led a USD 13.8m Series A round for Turno, an India-based platform that helps small and medium-sized enterprises (SMEs) switch from combustion engine-powered three-wheelers to electric vehicles (EVs).
Asian Infrastructure Investment Bank (AIIB) has committed USD 160m to a plan to back small-scale venture capital funds targeting cleantech and technology-enabled sustainable infrastructure.
New Zealand hydrogen and zero-emission technologies developer Fabrum has raised a NZD 23m (USD 14.5m) Series A round led by UK-based AP Ventures.