Energy

Innovative region: Brazil

Sector challenged amid fintech disruption

Toyota and EDF-backed Nuvve, a developer of electric vehicle charging technology, is merging with Newborn Acquisition Corp to form a $202m business.

Cleantech-focused Breakthrough Energy Ventures II has attracted corporate backing on its way to a projected $870m close.

IQM Quantum Computers, a Finland-based quantum computing spinout of Aalto University and VTT Technical Research Centre, attracted a €39m ($46m) series A round from investors, including internet group Tencent.

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

China-based financial services provider Ant Group, spun off by e-commerce group Alibaba, intended to float on the Shanghai and Hong Kong stock markets.

Ant Group, the financial services subsidiary of China-based e-commerce group Alibaba, was due to raise a targeted $37bn in a dual listing in Shanghai and Hong Kong but the mega-initial public offering was unexpectedly blocked by an intervention from financial regulators in Beijing at the eleventh hour.

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

Norilsk Nickel, the world's largest miner of palladium and high-grade nickel, has joined several peers in corporate venturing.

Harju Elekter helped graphene ultracapacitor developer Skeleton Technologies complete a $48.3m round yesterday that included existing investor Harju Elekter.