Energy

Amid the covid-19 pandemic, interest in life sciences is now perhaps at its highest. This is true in corporate venture capital and three of the multimillion-dollar stories we reported in mid-August corroborate this.

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

Shell is set to exit the energy storage platform developer in an acquisition by Q Cells, which is already utilising its technology.

The number of corporate-backed companies going public declined in 2019, despite some major IPOs like those of Uber, Lyft and Slack.

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

Evergy Ventures and Shell Ventures contributed to the latest round for clean energy equipment and energy management software provider Palmetto.

American Electric Power and Chevron Technology Ventures were among the existing investors that helped the EV charging service boost its overall funding to $667m.

The Tunghsu, ZGC and BAIC-backed hydrogen fuel engine producer has reportedly raised at least $67m of the $193m target for its initial public offering.

Over the past four quarters, almost one of every four corporate investors seems to be new, even in lockdown.

Stephen Cook, previously chief commercial officer of group technology for BP, has moved to senior vice-president of its Launchpad and Ventures subsidiary.

GE Ventures has divested stakes in 16 companies including Carbon, Desktop Metal and Proterra to venture firm 40 North Ventures.