Battery recycler Ascend Elements and Geely spinoff Farizon each raised $300m while Saudi Aramco launched a $1.5bn Sustainability Fund.
M&A
Electric scooter rental service Helbiz has agreed to merge with Wheels Labs, a US-based peer backed by electronics manufacturer TDK. Wheels had reportedly raised over $96m as of April 2021.
Fund
Aramco Ventures, a corporate venturing subsidiary of Saudi Arabia-based oil and gas producer Saudi Aramco, has formed a $1.5bn vehicle to back energy transition technology developers. Areas of interest for Aramco’s Sustainability…
