Battery swapping service Sun Mobility closed $50m in funding from Vitol while Sinopharm-backed drug developer Sinotau raised the same amount in a series D-plus round.

Schneider Electric has returned to reinvest in the energy management platform operator’s latest round, which also featured GS Group, National Grid, Shell, SolarEdge and TotalEnergies.

Sector report: Oil and gas

Corporate-backed communications monetisation technology developer Matrixx Software raised $50m from Francisco Partners while cancer drug developer Abalos took the same in a BIVF-backed round.

SoftBank Vision Fund 2 provided all the capital in an extension to the rooftop solar system installer's latest round, at a $1.1bn valuation.

Solar wafer technology developer NexWafe bagged $45m in a Reliance Industries-led round while BDMI helped hike collectibles marketplace Rally's series B to the same size.

Neurological disease drug developer Axial raised $37.3m from investors including Taiho Ventures while Best Buy is purchasing OSF and Legal & General-backed remote healthcare technology provider Current Health.

Orbia, Koura, Hitachi, JLR, TDK, Doral and Trumpf took part in a second $70m round to be announced by the battery recycling service provider in under a month.

Mobiliar took part in a $35m round for medicine transportation system developer SkyCell while Nice Investment co-led wealth management software provider Fount's $33.4m series C.

Amdocs and Comcast contributed to deep learning software provider Neural Magic's $30m series A round while packaging producer Creapaper completed a series B featuring Ranpak.