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					</table><p><strong>From: <a href="https://mercomcapital.com/funding-and-ma-roundup-eclipse-raises-23-million/" target="_blank" rel="noopener">Mercom Capital Group</a></strong></p>
<p><strong>Eclipse, a European platform that develops, operates, and optimizes battery energy storage systems, has raised €20 million (~$23 million) in a Series A financing <a href="https://mercomcapital.com/eclipse-raises-23-million-to-expand-battery-storage-platform-in-europe/" target="_blank" rel="noopener">round</a> </strong>to expand battery storage deployment across Europe. The round was co-led by BNP Paribas and Noria. The company said the capital will support three priorities: deploying its first proprietary battery storage projects, continuing the development of Flowstream, and expanding long-term offtake solutions across Europe.</p>
<p><strong>Japan-based energy utility firm Chubu Electric Power has </strong><a href="https://www.mercomindia.com/chubu-electric-to-invest-141-million-in-continuum-green-energy" target="_blank" rel="noopener"><strong>entered</strong></a><strong> into agreements to invest approximately ¥23 billion (~$141.15 million) in Continuum Green Energy</strong>, a renewable power producer in India. Chubu said the investment aims to support India’s decarbonization and help Japanese companies entering the Indian market procure renewable energy through Chubu Electric Power Miraiz’s customer network.</p>
<p><strong>Residential rooftop solar company, SolarSquare, has </strong><a href="https://www.mercomindia.com/solarsquare-raises-53-million-in-series-c-funding-round" target="_blank" rel="noopener"><strong>raised</strong></a><strong> $53 million in a Series C funding round</strong> led by B Capital, with participation from existing investors Lightspeed, Elevation Capital, Lowercarbon, Rainmatter by Zerodha, and Good Capital. The company said the latest investment brings its total capital raised to more than $100 million. SolarSquare plans to use the funding to expand into new cities, strengthen its technology platform, hire talent, and scale its residential energy business across India.</p>
<p><strong>Sweden-based Vaja has </strong><a href="https://mercomcapital.com/solar-tracker-startup-vaja-raises-3-5-million-seed-funding/" target="_blank" rel="noopener"><strong>raised</strong></a><strong> €3.1 million (~$3.58 million) in seed funding</strong> to support the market entry and validation of its vertical single-axis solar tracking system. The Footprint Firm led the funding round, with participation from node.vc. The latest funding brings Vaja’s total capital raised to date through equity investment and grants to €6 million (~$6.94 million), according to the company.</p>
<p><strong>Granarium Technologies, a Finland-based supercapacitor startup, has </strong><a href="https://mercomcapital.com/supercapacitor-startup-granarium-technologies-raises-over-1-2-million/" target="_blank" rel="noopener"><strong>raised</strong></a><strong> over €1 million (~$1.2 million) in total funding</strong>, including a pre-seed round led by BSV Ventures and joined by Beamline. FiBAN, the Finnish Business Angels Network, EstBAN, and LatBAN also participated in the round. Granarium’s energy storage technology is based on a nanocellulose material platform that binds biocarbon structures for power storage.<strong> </strong></p>
<p><strong>Electric mobility platform,</strong> <strong>Trevel, operated by Inwisement Technologies, has </strong><a href="https://www.mercomindia.com/trevel-raises-1-million-to-expand-electric-mobility-platform" target="_blank" rel="noopener"><strong>raised</strong></a><strong> $1 million</strong> in a funding round co-led by India Accelerator, Finvolve, the Haldiram Family Office, and Rohit Qamra. The company said it will use the funding to expand its electric vehicle (EV) fleet, enhance its technology platform, increase marketing efforts, and strengthen operations.</p>
<p>For reports and trackers on funding and M&amp;A transactions in solar, energy storage, and smart grid sectors, click <a href="https://mercomcapital.com/clean-energy-reports/" target="_blank" rel="noopener">here</a>.</p>
<p>Read last week&#8217;s funding <a href="https://www.mercomindia.com/funding-and-ma-roundup-voltseal-raises-1-5-million" target="_blank" rel="noopener">roundup</a>.</p>


Funding and M&A Roundup: Eclipse Raises $23 Million


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					</table><p>Japan-based energy utility firm <a href="https://www.chuden.co.jp/english/" target="_blank" rel="noopener">Chubu Electric Power</a> has entered into agreements to invest approximately ¥23 billion (~$141.15 million) in <a href="https://www.continuumenergy.in/" target="_blank" rel="noopener">Continuum Green Energy</a>, a renewable power producer in India.</p>
<p>Chubu said the investment aims to support India’s decarbonization and help Japanese companies entering the Indian market procure renewable energy through Chubu Electric Power Miraiz’s customer network.</p>
<p>Continuum supplies electricity to India’s commercial and industrial sector through corporate power purchase agreements.</p>
<p>The company is sponsored by CGEHL, a Singapore-incorporated holding company of Continuum, Just Climate, a London-based climate solutions fund, and Chubu Electric Power.</p>
<p>In 2023, JERA <a href="https://www.mercomindia.com/jera-acquire-viryas-equity-wind-platform" target="_blank" rel="noopener">agreed</a> to acquire Virya Energy’s offshore wind platform Parkwind for €1.55 billion (~$1.7 billion). The Japanese utility, a TEPCO Fuel &amp; Power and Chubu Electric joint venture, has a 2 GW renewable energy portfolio.</p>
<p>In 2022, India-based rural distributed renewable energy company OMC Power <a href="https://www.mercomindia.com/japanese-energy-utility-firm-chubu-electric-invests-in-omc-power" target="_blank" rel="noopener">announced</a> a partnership with the Japan-based energy utility firm Chubu Electric Power, through a Share Subscription Agreement, to expand OMC’s renewable distribution portfolio in rural India.</p>
<p>In October 2025, Sangam India <a href="https://www.mercomindia.com/textile-firm-sangam-india-to-source-wind-solar-energy-from-continuum" target="_blank" rel="noopener">announced</a> that it would procure renewable energy from CGE II Hybrid Energy, a special-purpose vehicle of Continuum, to power its manufacturing units in Rajasthan.</p>
<p>In September, Rajasthan-based textile manufacturer Nitin Spinners announced it would <a href="https://www.mercomindia.com/nitin-spinners-increases-renewable-energy-procurement-with-continuum-deal" target="_blank" rel="noopener">procure</a> 18 MW of power from Continuum’s wind-solar hybrid projects.</p>
<p>Public sector banks, government-owned/controlled financial institutions, and foreign direct investments cumulatively <a href="https://www.mercomindia.com/india-attracts-%E2%82%B97-16-trillion-in-clean-energy-investments-since-fy-2021?" target="_blank" rel="noopener">invested</a> around ₹7.16 trillion (~$79.13 billion) in India’s renewable energy sector between December 2025 and the financial year (FY). Investments rose from ₹660 billion (~$7.29 billion) in FY 2021 to ₹2.68 trillion (~$29.6 billion) in FY 2025, according to data furnished in Parliament by the Minister of State for New and Renewable Energy, Shripad Yesso Naik.</p>
<p>Global energy transition investment <a href="https://www.mercomindia.com/global-energy-transition-investments-rise-to-2-3-trillion-in-2025-bnef-report?" target="_blank" rel="noopener">reached</a> $2.3 trillion in 2025, up 8% from a year earlier, while investment in the clean energy supply chain rose to $127 billion.</p>


Chubu Electric to Invest $141 Million in Continuum Green Energy

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