July 29, 2024 | Over the past 30 days, investments in the battery industry have rewarded various renewable energy startups, marketplaces to ease procurement, battery manufacturing solutions, and more.
$202M: Series A for Renewable Energy Integration
Symphony (Sydney, New South Wales, Australia) focuses on innovative renewable energy solutions. They raised $202 million in Series A funding from Blackstone Group. Symphony’s platform integrates various renewable energy sources into a cohesive grid system to enhance efficiency and reduce carbon emissions.
$138M: Series A for Green Hydrogen Production
LONGi Hydrogen Energy (China) is dedicated to advancing green hydrogen production technologies. They secured $138 million in Series A funding from GF Xinde Investment Management and other investors. LONGi’s proprietary electrolysis technology significantly lowers the cost of hydrogen production, making it a viable alternative to fossil fuels.
$61M: Series D for Renewable Energy Marketplaces
LevelTen Energy (Seattle, Washington, United States) operates a renewable energy marketplace that connects buyers and sellers to optimize energy procurement. They raised $61 million in Series D funding from B Capital and other investors. LevelTen’s platform uses advanced analytics to facilitate large-scale renewable energy transactions and streamline the procurement process.
$55M: Series A for Advanced Energy Solutions
Peak Energy (Denver, Colorado, United States) develops advanced energy storage and management solutions (see more about their vision for sodium ion batteries). They raised $55 million in Series A funding from Xora Innovation. Peak Energy’s technology enhances the efficiency and reliability of renewable energy systems by optimizing energy storage and distribution.
$39M: Series B for 3D Battery Manufacturing
Addionics (London, England, United Kingdom) focuses on innovative 3D battery technology. They secured $39 million in Series B funding from Deep Insight and GM Ventures. Addionics’ advanced battery architecture improves energy density, charging speed, and overall battery lifespan, making it ideal for electric vehicles and energy storage systems.
$35M: Series C for Solar Energy Innovations
EneCoat Technologies (Uji, Kyoto, Japan) specializes in next-generation solar energy solutions. They raised $35 million in Series C funding from Woven Capital and other investors. EneCoat’s solar panels use cutting-edge materials and designs to increase efficiency and reduce costs, contributing to the broader adoption of solar energy.
$28M: Series B for Battery Manufacturing
Poen (Gunpo, Kyonggi-do, South Korea) focuses on high-performance battery manufacturing for various applications. They secured $28 million in Series B funding from DSC Investment and other investors. Poen’s batteries offer improved energy density and safety features, catering to the growing demand for reliable energy storage solutions.
$22M: Series B for Renewable Energy Solutions
Naked Energy (Crawley, West Sussex, United Kingdom) develops hybrid solar technology that combines photovoltaic and thermal energy. They raised $22 million in Series B funding from E.ON. Naked Energy’s innovative solar panels maximize energy capture and efficiency, providing both electricity and heat from a single installation.
$10M: Series A for Electric Vehicle Power Solutions
ACEL Power (Vancouver, British Columbia, Canada) designs and manufactures power solutions for electric vehicles. They secured $10 million in Series A funding from Tau Capital. ACEL Power’s technology enhances the performance and range of electric vehicles by optimizing battery management and energy efficiency.
$8.3M: Series A for Energy Management Software
Greenely (Stockholm, Stockholms Lan, Sweden) offers software solutions for energy management and sustainability. They raised $8.3 million in Series A funding from Korys. Greenely’s platform uses real-time data and analytics to help users optimize their energy consumption and reduce carbon footprints.
$2.7M: Series B for Electric Vehicle Solutions
EVOS Energy (Brisbane, Queensland, Australia) focuses on developing solutions for electric vehicles. They raised $2.7 million in Series B funding. EVOS Energy’s technology includes advanced charging infrastructure and energy management systems to support the growing electric vehicle market.
$2.2M: Series A for EV Charging Infrastructure
Evmodu (Seoul, South Korea) specializes in electric vehicle charging infrastructure. They secured $2.2 million in Series A funding from Korea Technology Finance Corporation and Woori Bank. Evmodu’s charging stations offer fast and reliable charging solutions, promoting the adoption of electric vehicles.
