Energy

Čez Group supplied convertible note financing as part of an $11.2m round for InoBat Auto, which plans to build an electric vehicle battery factory.

Eneos, NEC Capital Solutions and Sojitz were among the investors to back a $26.3m round for the solar energy system installer.

Mastercard will buy financial data technology provider Finicity in a deal that could reach $985m, giving Experian an exit. This is yet another large exits in this space this year after the acquisitions of Plaid and Credit Karma earlier.

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

Duke Energy participated in a series C1 round for Zero Mass Water, the creator of a system that converts air and sunlight to drinking water.

One vaccine developer, CureVac, has received a generous backing from Germany’s government-owned development bank KfW, while another – Vaxcyte – went public raising $250m.

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

The oil and gas producer’s Wind Ventures vehicle features ex-corporate venturers from Konica Minolta and GM Ventures, and has revealed its first portfolio companies.

GCV Powerlist member Kristin Aamodt is leaving Equinor Technology Ventures, which is being merged with a sister unit under Gareth Burns, to join venture firm ArcTern Ventures.

The demographic phenomenon of ageing populations will present challenges to both developed and developing nations. Along with the challenges come opportunities, however, and corporate venture capitalists may be a particularly well-positioned group to help with them, as it is the connecting tissue between the world of incumbent corporate industry leaders and the space of disruptive innovation.

The carmaker has followed up a $100m investment two years ago with a pledge to provide up to $200m for the solid-state battery developer.