Almost $285M in transactions announced as Everon raises Series B funding & other sustainable news from cleantech firms

Orennia Secures $25 Million in Series B Funding to Boost Energy Transition Analytics

Orennia, a data and analytics platform based in the Netherlands and Canada, has successfully raised $25 million in its Series B financing round.? Wellington Management spearheaded the round and saw contributions from existing investors, including Quantum Innovation Fund, NGP, Veriten, and Tupper Lake Partners.?

Specialising in state-of-the-art analytics about energy transition with a focus on renewables, storage, clean fuels, and decarbonisation, Orennia aims to assist developers, investors, corporations, and bankers optimise capital deployment and maximise returns in the booming energy transition market.

The significant global investment in energy transition technologies positions Orennia's platform as a critical asset, enabling smarter capital allocation decisions for clients in the energy sector. The latest funding round will facilitate the expansion of the Orennia team, the improvement of product offerings, and the continuation of delivering precise insights to clients in sectors such as solar, wind, storage, power, RNG, CCUS, clean fuels, and hydrogen. https://bit.ly/3Q5sv05

Power2X Partners with CPP Investments to Boost Green Molecules Market with $145.6M Investment

Power2X, a global hydrogen project developer, has partnered with Canada Pension Plan Investment Board (CPP Investments) for an initial $145.6 million investment. This move aims to enhance Power2X's growth in the green molecule space, focusing on green hydrogen, methanol, and ammonia.?

Power2X, known for developing large-scale new energy assets, will continue working on projects such as ErasmoPower2X and MadoquaPower2X, each a $1.12 billion initiative. CPP Investments will acquire a majority stake in Power2X as part of the agreement. https://bit.ly/3DlYAsA

South Korean EV Charging Startup Everon Raises $39M in Oversubscribed Series B Round

Everon, a South Korean-based charging infrastructure provider, has raised $39 million in a Series B funding round, surpassing its initial goal of $23.5 million due to high investor demand. Ten entities backed the investment including Korea Development Bank, Industrial Bank of Korea, DSC Investment, L&S Venture Capital, and K2 Investment Partners. This brings Everon's total venture capital to almost $50 million, which the firm plans to use to secure its standing in the flourishing South Korean EV charging market.

Established in 2012, Everon is now one of the top three EV charging service providers in South Korea, managing around 30,000 EV chargers across the country. New regulations that mandate the installation of EV charging stations in new apartment complexes are expected to cause the market to surge. However, the sector is becoming increasingly competitive, with about 30 startups and large conglomerates entering the fray. https://bit.ly/3DhBbZn

Oriana Power Secures Funding in Pre-IPO Round, Draws Almost $122 000 from Leading Market Veterans

Oriana Power Limited, a rapidly expanding provider of solar energy solutions based in India, has successfully closed its pre-IPO round, drawing investment worth $121,860 from prominent stock market veterans such as Anil Kumar Goel, Prashant Jain, Neeraj Gupta, Manoj Agarwal, and Amit Kumar. The company recently filed Draft Red Herring Prospectus (DRHP) for its anticipated IPO on NSE Emerge, with plans to issue 50.55 lakh Equity Shares through the book-building route.

Oriana Power specialises in delivering solar energy solutions to industrial and commercial clients. Their expertise includes on-site solar projects like rooftops, ground-mounted systems, and off-site solar farms.?

Guided by co-founders Anirudh Saraswat, Rupal Gupta, and Parveen Kumar Jangra, Oriana Power is planning to extend its reach into other renewable energy sectors beyond solar, a move marked by the recent unveiling of their corporate brand, TrueRE. The company boasts a prestigious client list that includes Indian Oil Corporation Ltd (IOCL), Hindustan Petroleum Corporation, Tata Memorial Hospital, among others. https://bit.ly/44ugwxp

AMEA Power Receives $75M Equity Funding from SoftBank for Expansion in Renewable Energy

AMEA Power, a Dubai-based renewable energy developer, has secured its first external equity funding of $75 million from Japanese investment holding company SoftBank Group Corp. Until now, the AlNowais family, AMEA Power's founding shareholders, privately funded the company. This financial boost will propel AMEA Power and SoftBank into a strategic partnership that will create value in Africa, the Middle East, and other emerging markets.

Currently, AMEA Power boasts a considerable generating capacity of approximately 1.45 GW and an additional clean energy pipeline of nearly 6 GW across 15 countries. With SoftBank's support, the company plans to expedite its strategic objectives in the solar and wind power, water desalination, energy storage, and green hydrogen sectors, expanding its footprint in the target markets. The collaboration positions AMEA Power favourably to drive and contribute to the global transition towards net-zero energy. Committed to uplifting local communities, AMEA Power aims to stimulate economic and social development through its renewable energy projects near its operations. https://bit.ly/3JWIJEz

If you have any questions please reach out. We’d also love to expand our network, so please share this email with anyone in your network who may enjoy it.

Best Regards,

The Endow Capital Team

Endow Capital meets the most pressing global development issues by matching innovative companies with impact capital, achieved by its corporate finance advisory and strategic consulting services.?Find out more about our work.