The upper end continued to grow and corporates launched a raft of AI funds, as bike sharing, real estate, smart vehicles and urban farming drew capital.

BP will take a 43% stake in the solar energy developer and operator once the full commitment is fulfilled over a three-year period.

Energy company Rosatom and Skolkovo Foundation have launched Vector, a competition

Chemicals producer BASF has led a series B round for ESS, which will use the funding to automate manufacturing of its iron flow battery.

Saint-Gobain and JLL were among the limited partners that put up the cash, which VC firm Navitas will use for real estate and construction technology deals.

Lithium-ion battery producer Corvus Energy has received an undisclosed amount of funding from Norsk Hydro, which has taken a 25.9% stake.

Yaskawa Electric has injected $15m into Transphorm, a semiconductor technology producer already backed by Nihon and Alphabet.