It is expensive to build cars, especially electric ones with few signs they can be profitable outside selling carbon offset credits to polluters.

The Inventec Appliances-backed PV equipment provider has closed an Energy Growth Momentum-led round, five years after securing about $24m from investors including SMA Solar.

Batton, ExaWizards and Lightblue Technology are all joining the incubator and accelerator jointly run by Toho Gas and Persol’s Eiicon subsidiary.

Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.

Restructure at BP follows Meghan Sharp's return as global head of ventures.

Battery producer Sila Nanotechnologies, previously backed by a number of corporates, raised its latest multimillion dollar round, tripling its valuation.

Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.

AES and Siemens' joint energy storage venture is valued at a little over $1bn in the Qatar Investment Authority-funded transaction.

Tokyo Gas is paying $200m for a 9.7% stake in the clean energy utility while existing backer Origin energy is kicking in another $50m.

Rio Tinto, Suez, La Capitale, Hydro-Québec and Innergex helped venture capital firm Cycle Capital reach the final close of its latest cleantech-focused fund.