From: Mercom Capital Group

VoltSeal, a distributed battery storage company serving commercial and industrial consumers, has raised $1.5 million in a pre-seed funding round led by Theia Ventures. Rainmatter by Zerodha, Momentum Capital, Social Alpha, and angel investors also participated in the round. The company deploys behind-the-meter lithium-iron-phosphate battery systems at commercial and industrial sites. It pairs the systems with a software layer to charge that.

SUNation Energy, a provider of residential and commercial solar energy systems and battery storage solutions, has signed a definitive reverse merger agreement with Suniva, a U.S.-based manufacturer of monocrystalline silicon solar cells. Under the agreement, SUNation Merger Sub, a wholly owned subsidiary of SUNation, will merge with and into Suniva, with Suniva continuing as a wholly owned subsidiary of SUNation. The combined company is expected to operate under the Suniva name and continue SUNation’s listing on the Nasdaq Capital Market.

T1 Energy, a solar and battery manufacturing company, has entered into a definitive agreement to acquire KORE Power, a battery energy storage systems manufacturer, for approximately $32 million. The purchase enterprise value consists of equity, cash, and the assumption of debt at the anticipated closing in the second quarter of 2026, subject to customary conditions, including approval by KORE Power shareholders.

Rosendahl Nextrom, a manufacturing company that supplies production equipment to several industries, has signed an agreement to acquire TBS Engineering, a U.K.-based provider of battery assembly and plate manufacturing equipment, from Marmon Group. Through its brand BM-Rosendahl, Rosendahl Nextrom provides manufacturing solutions for the battery industry. The company said acquiring TBS Engineering will expand its battery business and strengthen its position in battery manufacturing solutions.

InCharge Energy, an EV charging and energy solutions provider, has announced a $46 million investment led by multi-asset investment firm S2G Investments, with participation from QIC, a globally diversified investment manager. The funding will support InCharge’s expansion beyond EV charging into broader energy solutions, including electrical infrastructure, distributed energy resources, backed by advanced software and its in-house national service organization.

Adani Energy Solutions has signed a binding securities purchase and subscription agreement to acquire 100% of the equity in smart metering company IntelliSmart Infrastructure. IntelliSmart is a joint venture between the National Investment and Infrastructure Fund and Energy Efficiency Services with a portfolio of more than 22 million meters deployed across India. The transaction is valued at ₹30.5 billion (~$319.28 million).

For reports and trackers on funding and M&A transactions in solar, energy storage, and smart grid sectors, click here.

Read last week’s funding roundup.