funding

Mumbai-based solar funding platform, Aerem has elevated $2.5 Million in financing in a pre-series round from New Delhi-based capital firm, Blume Ventures. Aerem said it is making every effort to get to 20 million industrial MSMEs. The firm estimated that the marketplace capacity for MSME alone is over $200 billion.

Australian energy software firm Evergen has shut a AU$ 15 million (US$ 10.4 million) series B funding round, its biggest capital expense to date.

US perovskite company Tandem PV has closed on the first half of a US$ 12 million Series A raise after raising US$ 6 million for constructing a pilot production center in its headquarters of San Jose, California.

Japanese investment company Mitsui has spent EUR575 million (US$ 631.6 million) in renewables designer Mainstream Renewable Power, bringing its valuation to EUR2.1 billion after the transaction.

LevelTen Energy, a United States company that has developed a platform for renewable resource asset deals, has secured the support of Google as part of a US$ 35 million Collection C funding round.

Solavio Labs, an Indian startup that offers self-governing solar panel cleaning technology, is increasing its footprint to North America and the Middle East after safeguarding fresh funding.

The US Department of Energy (DOE) will certainly reserve US$ 45 million to develop technology that will enable businesses to bring "big amounts of solar" onto the grid.

US PV developer Urban Grid has closed a senior secured term loan facility for up to US$100 million with New York-based private credit manager and asset-based lender Crayhill Capital Management LP.