Energy And Natural Resources

Corporate venturing deal net: 22-26 February 2021
Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.
Chevron rides to $300m Future Energy Fund II
Chevron Technology Ventures' latest fund will support developers of technology aimed at cutting carbon emissions, and it follows a $100m first vehicle in 2018.
WiTricity powers up to $52m
The vehicle charging technology developer, a spinout from MIT, has secured a further $18m for a Mitsubishi-backed round.
C-Capture breathes in fresh funding
BP Ventures, Drax and IP Group have all returned to back a $11.3m round for the smoke capturing technology provider.
ReNew Power charges towards Nasdaq
Having abandoned plans for an IPO three years ago, ReNew Power has now settled on a reverse merger and will secure proceeds worth $1.2bn.
Enovix picks partner for reverse merger
The Intel, Qualcomm and Cypress Semiconductor-backed battery technology developer will be listed on the Nasdaq Capital Market.
Xylowatt runs out of steam
John Cockerill and Air Liquide-backed Xylowatt has declared bankruptcy after failing to build a market for its biomass energy technology.
Corporate venturing deal net: 15-19 February 2021
Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.

Other News

Dandelion Energy heats up with $30m
GV (formerly known as Google Ventures) and real estate developer Lennar Corporation joined the B round.
Eavor heats up with $40m
Investments from BP and Chevron will support the thermal energy technology developer’s goal of supplying 10 million homes’ worth of power by the end of the decade.
BIG goes local with Hyogo Kobe Fund
The $9.5m investment vehicle will be run by Opt unit Bonds Investment Group for up to 13 years, targeting local entrepreneurs.
Stevens joins Energize Ventures
He was previously a partner at venture capital firm Intellis Capital.
Enevate recharges with $81m
The vehicle charging technology developer, which counts Sumitomo, LG Chem, Samsung, Bangchak and Lenovo as investors, has now raised $191m in total.
C-Zero seizes series A cash
The gas-to-hydrogen technology developer bagged $11.5m in a round co-led by Eni Next and backed by Mitsubishi Heavy Industries.

Editor's Picks

Hayes and Gimenez promoted to managing partner at BP
Restructure at BP follows Meghan Sharp's return as global head of ventures.
CVC in the Time of Coronavirus: Girish Nadkarni, Total Carbon…
Total Carbon Neutrality Ventures' international outlook has eased the switch to remote working somewhat, and opportunities are available for careful investors.
CVC in the Time of Coronavirus: Lisa Lambert, National Grid…
Lambert told GCV she believes investors will continue to back portfolio companies, but the inability to meet potential portfolio companies on the ground will hinder new investments.
Interview: Innogy Innovation Hub
Innogy Innovation Hub is seeking additional LPs as it begins to look toward a second fund, having already moved to a purer investment model.
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