Rising Global Investments In The Battery Storage Sector

Mercom Capital Group recently released its funding and M&A report covering the global battery storage, smart grid and efficiency sectors for Q2 and the first half of 2017. The companies featured in this report raised US$ 1 billion in venture capital funding (including private equity and corporate venture capital) in 1H 2017. Indian firms also raised considerable global investments.

- Baishakhi Dutta

Mercom Capital Group recently released its report on funding as well as the mergers and acquisitions (M&A) activity for the global and Indian battery storage, smart grid and energy efficiency sectors for the second quarter and first half of 2017. Here are the key excerpts…

Global investments in battery storage are on the rise

Globally, venture capital (VC) funding (including private equity and corporate venture capital) for battery storage companies jumped in Q2 2017 to US$ 422 million covering 10 deals compared to US$ 58 million for eight deals in Q1 2017 due to a  very large funding deal. Year-over-year (YoY) funding was also higher compared to the US$ 125 million raised in Q2 2016 from 10 deals. In the first half (1H) of 2017, US$ 480 million was raised in 18 deals compared to the US$ 179 raised in 0 deals in 1H of 2016.

The top VC funded battery storage companies in Q2 2017, globally, were Microvast Power, which raised US$ 400 million from CITIC Securities, CDH Investment, National Venture Capital, and others; Vionx Energy, which received US$ 12.75; and Moixa Technology, which raised US$ 3.2 million in funding from the Greater Manchester Combined Authority, Tokyo Electric Power Company (TEPCO) and First Imagine! Ventures.

Eleven investors participated in battery storage funding in Q2 2017, with lithium-based battery companies raising the most.