Energy

360 Security and CATL helped Hozon Auto close a $1.5bn series D while Origin Energy and Tokyo Gas backed a $550m round for Octopus Energy.

Amid a general downturn, spinouts have been faring much better than the startup world at large.

Novartis and Cigna Ventures were part of Cleerly’s $192m series C round while Aptos Labs secured $150m from investors including FTX, Circle and Jump Trading.

Corporations have been behind many of the largest and most interesting deals in the energy and industrials transition.

The dollar valuation of corporate-backed deals in the energy sector dropped sharply in Q2. Cleantech deals are the only exception.

There has never been a better time for corporates to invest in this sector, says Meghan Sharp, Global head of Decarbonization Partners.

Being from a small country with few resources, Doral Energy has had to innovate fast. Its CVC is no different.

But there are other benefits for both sides, researchers find.

SAIC Motor’s Shang Qi Capital vehicle led RT Advanced Materials’ $740m series D round while Contentsquare pulled in $600m from investors including SoftBank Vision Fund 2.

Intesa Sanpaolo Group helped online property marketplace Casavo pull in over $400m while collaborative robotics developer Jaka raised $150m from investors including SoftBank and Saudi Aramco.