From: Mercom Capital Group

Terawatt Infrastructure, a charging infrastructure platform for autonomous and electric vehicle fleets, has entered into a five-year senior secured financing facility for up to $150 million, with an option to raise an additional $150 million. The company said the proceeds will support the acquisition and development of charging depots as it expands its network of sites for autonomous and electric transportation fleets.

Solar Landscape, a U.S.-based commercial rooftop solar developer, has closed an oversubscribed $125 million revolving credit facility led by M&T Bank. Flagstar Bank, Atlantic Union Bank, and Valley Bank participated in the facility. The revolving credit facility will provide working capital to support development activities across Solar Landscape’s project pipeline. The company said the funding will help projects move from origination to construction readiness.

Gaussion, a company developing energy intelligence technology for battery packs, has raised $28 million to scale its battery performance technology. The funding round was co-led by BGF and AlbionVC. Autotech Ventures, UCL Technology Fund, DN Capital, and Future Ventures, led by Steve Jurvetson, an early investor in SpaceX and Tesla, participated as follow-on investors.

CrossBoundary Access, a company that finances and operates distributed renewable energy projects across Africa, has secured a $10 million equity investment. The funding was provided by the International Finance Corporation, a member of the World Bank Group that focuses on private sector development in emerging markets. The investment is expected to support the construction and expansion of the company’s portfolio, which includes mini-grids, battery-as-a-service projects, and adjacent technologies in Sub-Saharan Africa.

Nextpower, an integrated provider of utility-scale solar infrastructure solutions offering trackers, electrical balance-of-system solutions, software, and robotics, has entered into a definitive agreement to acquire Germany-based Zimmermann PV-Steel Group. The transaction consideration comprises cash and stock of up to €330 million (~$378 million). The acquisition is subject to customary closing conditions, including required regulatory review.

Solar module manufacturer SWELECT Energy Systems announced that its wholly owned subsidiary, SWELECT SolarKraft, has signed an agreement to acquire a 49% equity stake in Gridnex Solar Power, a wholly owned subsidiary of Apollo Green Energy. SWELECT SolarKraft will acquire 4,900 equity shares with a face value of ₹10 (~$0.106) each, representing 49% of Gridnex Solar’s total paid-up equity share capital.

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.