Energy

More value and focus should be on the investors scaling up the business rather than those coming up with the idea and helping the entrepreneur set up a business.

The distributed energy management platform has closed an ABB, General Electric and National Grid-backed round at $17.5m after adding $5.5m from Zoma Capital.

Ameren Accelerator has chosen the seven energy technology startups startups that will make up its first batch.

The bankrupt saltwater electrolyte battery developer had raised $190m in financing from investors including Shell, Total and Exelon but was bought for less than $9.2m.

Temasek led the Alphabet-backed vegan food developer's latest round, which took its funding over the past three years to about $260m.

Closed Loop Ventures, which manages a $100m social impact fund backed by several retail and consumer goods companies, has invested $3m in GreenMantra.

Agricultural digitisation technology developer Prospera has secured $15m in a series B ronud led by Qualcomm Ventures that included Cisco Investments.

Existing investors SoftBank and Didi Chuxing invested $2bn at a $6bn post-money valuation, and Grab aims to use the money to expand its services far beyond ride hailing.

The round, which was led by SoftBank Vision Fund, reportedly represents the largest ever agricultural technology investment, and will be used to expand Plenty's urban farm network.