Energy

Q&A with Theo Schulte, investment manager, EnBW New Ventures

The Global Corporate Venturing deal net rounds up the investments from across the corporate innovation ecosystem.

Chevron led a group of corporates looking to remove industrial emissions with the latest round in the carbon capture specialist.

The oil major is pivoting away from investing through its $400m fund to focus on smaller earlier-stage investments amid rocketing valuations for climatetech companies.

Several China-based corporate venture investors backed a large round valuing lithium-ion battery Shanghai Shanshan material producer at $1.5bn. The deal highlights the importance of battery technologies not only for the emerging kind of mobility applications but for the process of energy transition as a whole.

The energy storage provider received a boost to its growth plans with a new investment from AMF.

Web3 services provider Venly and genomic analysis technology provider Genome Insight each raised $23m while Rui Ye Lian helped Cedarlake Capital close a $189m fund.

Schneider Electric, iRobot and Telus Ventures contributed to a series C round for the energy monitoring system developer.

Migdal and Menora Mivtachim helped renewable energy infrastructure developer Fu-Gen with fresh funding which will help expand its operations in the UK and Finland. This is a deal from the renewable energy space, which continues to see much momentum in the context of energy transition.

BP Ventures was among the participants in a round reportedly valuing the EV charging network and technology developer at $525m.

Call centre software producer Replicant closed a $78m series B round backed by Salesforce Ventures while Ashvattha Therapeutics raised $69m from investors including strategic partner Huadong Medicine.