Trust Ventures has secured $35m for its inaugural fund from investors including Koch Disruptive Technologies to invest in sectors where public policy is proving a hurdle to startups.

Energy storage and management technology provider Sonnen has formed a cooperation agreement with Shell, which led its latest round.

The investment brought the total raised by the fast-charging battery developer, which is also backed by Samsung and Daimler, to $146m.

BP has signed a memorandum of understanding with Nio Capital that is expected to lead to investments in advanced mobility technologies.

The Tokyo Electric and Chubu Electric-backed renewable energy provider is targeting an initial $386m, though share sales could take the offering to $1bn.

BayWa RE Energy Ventures will target energy-related technological areas like digitalisation, energy storage and e-mobility.

Gerd Goette built a storied career at Siemens, investing in more than 50 transactions and taking more than 25 directorships and board observer positions.