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OpenSolar, a solar software platform, <a href="https://cms.mercomindia.com/solar-software-platform-opensolar-raises-20m-equity-funding/" target="_blank" rel="noopener">raised</a> $20 million in equity funding from Titanium Ventures, Google, 2150 Sustainability Fund, and other investors. Leveraging Google’s Solar API data, the company’s platform serves as a solar operating system for installers. The new funding will enable further investment in its AI-driven technology solutions and support the expansion of its global coverage.
OpusFlow, a software platform for renewable energy installers, has <a href="https://cms.mercomindia.com/opusflow-raises-4-5-million-in-an-oversubscribed-funding-round/" target="_blank" rel="noopener">raised</a> €3.8 million (~$4.5 million) in growth capital from lead investor Move Energy, alongside Rise PropTech and existing investor Peak. The oversubscribed funding round follows a previous €1.7 million (~$2 million) investment led by Peak in July 2024, bringing the total raised capital to €5.5 million (~$6.5 million). The newly raised capital will enable OpusFlow to deepen its presence in its existing markets, the Netherlands, Belgium, Germany, Spain, and the U.K., while also supporting further international expansion.
Bowman Consulting Group, an engineering services and project management firm, <a href="https://cms.mercomindia.com/bowman-consulting-group-acquires-sierra-overhead-analytics/" target="_blank" rel="noopener">announced</a> it has acquired the assets of engineering firm Sierra Overhead Analytics and its technology affiliate ORCaS. The two companies are under common control.  The acquisition was financed through a combination of cash, seller notes, and a convertible note and is expected to generate an initial net service billing run rate of approximately $2.2 million, with immediate accretion to earnings.
Solar module manufacturer Alpex Solar has <a href="https://www.mercomindia.com/alpex-solar-raises-%E2%82%B92-6-billion-through-preferential-issue-of-equity-shares" target="_blank" rel="noopener">raised</a> ₹2.6 billion (~$29.27 million) through a preferential issue of 2.15 million equity shares and warrants. The funds will be utilized to support the company’s plans to transform Alpex into an integrated solar cell and module manufacturer. The preferential issue attracted participation from private investors and funds, with a few already having exposure to renewable energy projects. Alpex plans to triple its solar module capacity to 3.6 GW by the end of the financial year 2027, from 1.2 GW.
The board of directors and the shareholders of Ola Electric Technologies, a wholly owned subsidiary of Ola Electric Mobility, have <a href="https://www.mercomindia.com/ola-electric-subsidiary-to-raise-%E2%82%B98-77-billion-via-preferential-shares" target="_blank" rel="noopener">approved</a> a proposal to raise ₹8.77 billion (~$98.92 million) by issuing up to 877.64 million shares to Ola Cell Technologies, another subsidiary. The non-cumulative and non-participating optionally convertible redeemable preference shares will have a face value of ₹10 (~$0.11) each and will be issued in one or more tranches through private placement.
For reports and trackers on funding and M&amp;A transactions in solar, energy storage, and smart grid sectors, click <a href="https://cms.mercomindia.com/clean-energy-reports/" target="_blank" rel="noopener">here</a>.
Read last week&#8217;s funding <a href="https://cms.mercomindia.com/funding-and-ma-roundup-cornish-lithium-raises-47-million/" target="_blank" rel="noopener">roundup</a>.

Funding and M&A Roundup: OpenSolar Raises $20 Million Equity Funding

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					</table>From: <a href="https://mercomcapital.com/funding-ma-roundup-opensolar-raises-20m-equity-funding/" target="_blank" rel="noopener">Mercom Capital Group</a>
OpenSolar, a solar software platform, <a href="https://mercomcapital.com/solar-software-platform-opensolar-raises-20m-equity-funding/" target="_blank" rel="noopener">raised</a> $20 million in equity funding from Titanium Ventures, Google, 2150 Sustainability Fund, and other investors. Leveraging Google’s Solar API data, the company’s platform serves as a solar operating system for installers. The new funding will enable further investment in its AI-driven technology solutions and support the expansion of its global coverage.
OpusFlow, a software platform for renewable energy installers, has <a href="https://mercomcapital.com/opusflow-raises-4-5-million-in-an-oversubscribed-funding-round/" target="_blank" rel="noopener">raised</a> €3.8 million (~$4.5 million) in growth capital from lead investor Move Energy, alongside Rise PropTech and existing investor Peak. The oversubscribed funding round follows a previous €1.7 million (~$2 million) investment led by Peak in July 2024, bringing the total raised capital to €5.5 million (~$6.5 million). The newly raised capital will enable OpusFlow to deepen its presence in its existing markets, the Netherlands, Belgium, Germany, Spain, and the U.K., while also supporting further international expansion.
Bowman Consulting Group, an engineering services and project management firm, <a href="https://mercomcapital.com/bowman-consulting-group-acquires-sierra-overhead-analytics/" target="_blank" rel="noopener">announced</a> it has acquired the assets of engineering firm Sierra Overhead Analytics and its technology affiliate ORCaS. The two companies are under common control.  The acquisition was financed through a combination of cash, seller notes, and a convertible note and is expected to generate an initial net service billing run rate of approximately $2.2 million, with immediate accretion to earnings.
Solar module manufacturer Alpex Solar has <a href="https://www.mercomindia.com/alpex-solar-raises-%E2%82%B92-6-billion-through-preferential-issue-of-equity-shares" target="_blank" rel="noopener">raised</a> ₹2.6 billion (~$29.27 million) through a preferential issue of 2.15 million equity shares and warrants. The funds will be utilized to support the company’s plans to transform Alpex into an integrated solar cell and module manufacturer. The preferential issue attracted participation from private investors and funds, with a few already having exposure to renewable energy projects. Alpex plans to triple its solar module capacity to 3.6 GW by the end of the financial year 2027, from 1.2 GW.
The board of directors and the shareholders of Ola Electric Technologies, a wholly owned subsidiary of Ola Electric Mobility, have <a href="https://www.mercomindia.com/ola-electric-subsidiary-to-raise-%E2%82%B98-77-billion-via-preferential-shares" target="_blank" rel="noopener">approved</a> a proposal to raise ₹8.77 billion (~$98.92 million) by issuing up to 877.64 million shares to Ola Cell Technologies, another subsidiary. The non-cumulative and non-participating optionally convertible redeemable preference shares will have a face value of ₹10 (~$0.11) each and will be issued in one or more tranches through private placement.
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>.
Read last week’s funding <a href="https://www.mercomindia.com/funding-and-ma-roundup-cornish-lithium-raises-47-million" target="_blank" rel="noopener">roundup</a>.

<a href="https://bowman.com/" target="_blank" rel="noopener">Bowman Consulting Group</a>, an engineering services and project management firm, announced it has acquired the assets of Engineering firm Sierra Overhead Analytics (<a href="https://www.sierraoverhead.com/" target="_blank" rel="noopener">SOA</a>) and its technology affiliate ORCaS, two companies under common control.
SOA offers advanced environmental site analysis solutions that emphasize stormwater and watershed modeling for utility-scale solar and battery energy storage systems.
ORCaS provides proprietary tools for SOA that enable the delivery of specialized design automation, location optimization, and hydrological studies to its clients, who include data centers, energy developers, and operators.
Bowman offers a range of planning, engineering, geospatial, construction management, commissioning, environmental consulting, land procurement, and other technical services to its customers.
The acquisition strengthens Bowman&#8217;s capabilities in high-growth, high-value markets, including data center development, climate resiliency, utilities, power, and alternative energy, while expanding its digital services and delivery platform.
The acquisition, financed through a combination of cash, seller notes, and a convertible note, is expected to generate an initial net service billing run rate of approximately $2.2 million and be immediately accretive to earnings.
Bowman&#8217;s Office of Innovation will lead the integration of ORCaS technologies across the company&#8217;s operations and service lines.
&#8220;The acquisition reflects our continuing commitment to technology-enabled growth focused on lifecycle engineering,&#8221; said Gary Bowman, founder and CEO of Bowman. &#8220;Adding these new customers, digital offerings, and optimization tools enhances our value proposition and positions Bowman for accelerated organic growth in markets where technology and sustainability are driving increasing demand.&#8221;
According to Mercom&#8217;s 1H and Q2 2025 Solar Funding and M&amp;A <a href="https://cms.mercomindia.com/product/1h-and-q2-2025-solar-funding-and-ma-report/" target="_blank" rel="noopener">report</a>, there were 50 solar M&amp;A transactions in the first half of 2025, compared to 40 during the same period in 2024.
In September, Edify Energy, a renewable energy and battery storage company, entered into a binding agreement to be <a href="https://cms.mercomindia.com/investment-group-la-caisse-to-acquire-edify-energy/" target="_blank" rel="noopener">acquired</a> by global investment group La Caisse (formerly CDPQ). Once completed, the transaction, together with further equity capital funding, is expected to represent an investment of approximately A$1.1 billion (~$725 million).

Bowman Consulting Group Acquires Sierra Overhead Analytics

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