Each week our research team tracks cleantech transactions across the globe. This week we recorded 37 investments, 18 M&As, 228 relationships and eight other news items. Below are some of the highlights. The complete version of the weekly roundup can be found here.
New Investments
- Vivint Solar received $75,000,000 from US Bancorp. Vivint Solar will continue its push to provide affordable solar energy into consumer homes for between about $50 and $70 per month.
- Waze received $30,000,000 from Horizon Ventures and Kleiner Perkins Caufield & Byers (KPCB). The company plans to capitalize international opportunities, particularly in China.
- Consert received $7,000,000 from an undisclosed investor. The target amount of this financing round is $8.75 million, according to a regulatory filing.
New Mergers & Acquisitions
- Palko Environmental was acquired by Gibson Energy for $62,700,000. Gibson entered into an agreement to acquire 100% of Palko.
- Northeast Energy Solutions was acquired by World Energy Solutions for $4,700,000. The acquisition expands World Energy’s role in energy efficiency services, including lighting, mechanical and HVAC retrofits.
- Industrial Battery Holding was acquired by EnerSys for an Undisclosed Amount
New Relationships
- Enphase Energy and Silver Spring Networks have formed a Technology Partnership. The two companies have developed a standards-based smart grid energy management platform for PPAs and third-party solar financing companies.
- Smart Metering Systems added D-ENERGi as a Customer. SMS will provide meter related services, including the installation and maintenance of the meters as well as automated meter reading.
- Smart Metering Systems added Vayu as a Customer. SMS will provide meter related services, including the installation and maintenance of the meters as well as automated meter reading.
Top News
- GGV Capital: “GGV Capital revealed that the firm has recently closed a RMB-denominated fund at RMB 700 million (~$110 million). The fund will investment growth stage companies in cleantech, consumer goods, biotech and IT sectors.”
- TriplePoint Capital: “TriplePoint Capital closed on $1 billion of private capital funds. With this funding, TriplePoint will continue to grow its portfolio of venture debt financing and equity investments, as well as broaden its geographic focus both domestically and internationally.”
- IFC (International Finance Corporation): “IFC announced the launch of the $60 million Cleantech Innovation Facility, which will support cleantech companies originating from or moving to developing countries.”
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