The investment and collaboration unit combines portfolio companies and corporate venturing staff from Eon and peer Innogy, which it acquired earlier this year.

The cash will go to the solar energy provider's solar modules and systems subsidiary, CSI Solar, in advance of a planned IPO in China.

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

Volkswagen has co-led a $600m round for Northvolt together with Baillie Gifford and Goldman Sachs, while Scania also returned.

Hexing Electrical, CSD Environment, Hailang Group and SIG are among the limited partners in a $73m fund raised by Qiming spinoff Inspiration Capital.

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

AEP, BMW, Chevron, Constellation Energy, Daimler, Siemens, The Hartford and Toyota are all in line for exits as ChargePoint goes public through a reverse merger at a $2.4bn valuation.

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

Bonnier contributed to the $170m first close of a the urban farming technology developer's series C round, taking its debt and equity financing to at least $305m.

The corporate is putting $9.4m into Sony Innovation Fund: Environment, which will initially invest in environmental technology developers at seed stage.