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					</table><p><strong>From: <a href="https://mercomcapital.com/funding-and-ma-roundup-cornish-lithium-raises-47-million/" target="_blank" rel="noopener">Mercom Capital Group</a></strong></p>
<p><strong>Cornish Lithium, a U.K.-based mineral exploration and development company, </strong><a href="https://mercomcapital.com/cornish-lithium-raises-47-million-in-equity-funding/" target="_blank" rel="noopener"><strong>raised</strong></a><strong> £35 million (~$47 million) in equity funding from its existing institutional investors</strong>. The round, led by the National Wealth Fund with an investment of up to £31 million (~$41.7 million), also includes a £4 million (~$5.4 million) contribution from TechMet. The funds, combined with proceeds from an upcoming crowdfunding campaign, will be directed toward advancing two projects: the Trelavour Lithium Project and the Cross Lanes Geothermal Lithium Project.</p>
<p><strong>sun.store, a B2B digital marketplace specializing in solar and energy storage components, </strong><a href="https://mercomcapital.com/sun-store-raises-7-million-in-seed-funding/" target="_blank" rel="noopener"><strong>raised</strong></a><strong> €6 million (~$7 million) in seed funding. </strong>The investment was co-led by Contrarian Ventures, Market One Capital, and Movens Capital, with additional backing from FJ Labs, Push Ventures, and Aidiom. sun.store facilitates the buying and selling of photovoltaic components across Europe, aiming to streamline access to essential solar and storage solutions for businesses. The capital infusion will enable the company to fast-track product development.</p>
<p><strong>SunPower, a solar technology, services, and installation company, <a href="https://mercomcapital.com/residential-solar-company-sunpower-acquires-sunder-energy/" target="_blank" rel="noopener">closed</a> a strategic acquisition of Sunder Energy, a residential solar sales company. </strong>SunPower CEO T.J. Rodgers stated that the acquisition of Sunder Energy is expected to boost SunPower’s revenue back to its pre-ITC levels. This revenue increase will come from Sunder’s 893-person 1099 (dealer) sales force, overseen by 20 Sunder W-2 (permanent) employees who have already transitioned to SunPower.<strong> </strong></p>
<p><strong>Battery manufacturer Xbattery has </strong><a href="https://www.mercomindia.com/battery-manufacturer-xbattery-raises-2-3-million-in-seed-funding" target="_blank" rel="noopener"><strong>raised</strong></a><strong> $2.3 million (~₹203.95 million) in seed funding from Bipin Patel Family Office, with participation from Jhaveri Credits. </strong>The fresh infusion of capital will accelerate research and development in battery management systems and battery energy storage systems development, and sourcing of specialized hardware and components. It will also be used to expand the engineering and production teams and scale prototype production to meet rapidly growing consumer demand.</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’s funding <a href="https://www.mercomindia.com/funding-and-ma-roundup-terra-one-secures-176-million" target="_blank" rel="noopener">roundup</a>.</p>


Funding and M&A Roundup: Cornish Lithium Raises $47 Million

<p><strong>Cornish Lithium, a U.K.-based mineral exploration and development company, </strong><a href="https://cms.mercomindia.com/cornish-lithium-raises-47-million-in-equity-funding/" target="_blank" rel="noopener"><strong>raised</strong></a><strong> £35 million (~$47 million) in equity funding from its existing institutional investors</strong>. The round, led by the National Wealth Fund with an investment of up to £31 million (~$41.7 million), also includes a £4 million (~$5.4 million) contribution from TechMet. The funds, combined with proceeds from an upcoming crowdfunding campaign, will be directed toward advancing two projects: the Trelavour Lithium Project and the Cross Lanes Geothermal Lithium Project.</p>
<p><strong>sun.store, a B2B digital marketplace specializing in solar and energy storage components, </strong><a href="https://cms.mercomindia.com/sun-store-raises-7-million-in-seed-funding/" target="_blank" rel="noopener"><strong>raised</strong></a><strong> €6 million (~$7 million) in seed funding. </strong>The investment was co-led by Contrarian Ventures, Market One Capital, and Movens Capital, with additional backing from FJ Labs, Push Ventures, and Aidiom. sun.store facilitates the buying and selling of photovoltaic components across Europe, aiming to streamline access to essential solar and storage solutions for businesses. The capital infusion will enable the company to fast-track product development.</p>
<p><strong>SunPower, a solar technology, services, and installation company, <a href="https://cms.mercomindia.com/residential-solar-company-sunpower-acquires-sunder-energy/" target="_blank" rel="noopener">closed</a> a strategic acquisition of Sunder Energy, a residential solar sales company. </strong>SunPower CEO T.J. Rodgers stated that the acquisition of Sunder Energy is expected to boost SunPower’s revenue back to its pre-ITC levels. This revenue increase will come from Sunder’s 893-person 1099 (dealer) sales force, overseen by 20 Sunder W-2 (permanent) employees who have already transitioned to SunPower.<strong> </strong></p>
<p><strong>Battery manufacturer Xbattery has </strong><a href="https://www.mercomindia.com/battery-manufacturer-xbattery-raises-2-3-million-in-seed-funding" target="_blank" rel="noopener"><strong>raised</strong></a><strong> $2.3 million (~₹203.95 million) in seed funding from Bipin Patel Family Office, with participation from Jhaveri Credits. </strong>The fresh infusion of capital will accelerate research and development in battery management systems and battery energy storage systems development, and sourcing of specialized hardware and components. It will also be used to expand the engineering and production teams and scale prototype production to meet rapidly growing consumer demand.</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://cms.mercomindia.com/clean-energy-reports/" target="_blank" rel="noopener">here</a>.</p>
<p>Read last week&#8217;s funding <a href="https://cms.mercomindia.com/funding-and-ma-roundup-terra-one-secures-176-million/" target="_blank" rel="noopener">roundup</a>.</p>



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					</table><p>Hyderabad-based battery manufacturer <a href="https://xbattery.energy/" target="_blank" rel="noopener">Xbattery</a> has raised $2.3 million (~₹203.95 million) in seed funding from Bipin Patel Family Office, with participation from <a href="https://www.jhavericredits.com/" target="_blank" rel="noopener">Jhaveri Credits</a>.</p>
<p>The fresh infusion of capital will accelerate the research and development (R&amp;D) in battery management systems (BMS) and battery energy storage systems (BESS) development, and sourcing of specialized hardware and components.</p>
<p>It will also be used to expand the engineering and production teams and scale prototype production to meet rapidly growing consumer demand.</p>
<p>Xbattery is developing BharatBMS, a unified battery management system (BMS) platform for both electric vehicles and energy storage.</p>
<p>The company aims to reduce its dependency on foreign BMS technology by offering a “Made in India” solution. The BharatBMS is a unified, adaptable BMS that enhances safety, efficiency, and longevity for electric vehicles and stationary storage devices.</p>
<p>In an exclusive interview with Mercom India, Satish Reddy, Founder and CEO of XBattery, <a href="https://www.mercomindia.com/india-must-step-up-rd-funding-and-policy-push-for-battery-storage-interview" target="_blank" rel="noopener">discussed</a> India’s dependence on China for BMS technology, noting that China meets 75% of the global BMS needs.</p>
<p>Reddy had stated that the company has already secured significant orders, including a ₹36 million (~$426,297) deal with solar and real estate developers, which validates its market traction.</p>
<p>Reddy said that the company is also in talks with multiple auto original equipment manufacturers and BESS system integrators about integrating BharatBMS into their battery packs.</p>
<p>According to Mercom Capital Group’s 1H and Q2 2025 Funding and M&amp;A Report for Energy Storage, corporate <a href="https://www.mercomindia.com/energy-storage-funding-declines-in-1h-2025" target="_blank" rel="noopener">funding</a> for energy storage companies fell sharply in the first half of 2025 to $9.1 billion across 55 deals. This represents a 41% year-over-year decline from $15.4 billion, resulting from 64 deals, in the same period of 2024.</p>
<p>The downturn was attributed to the uncertainty surrounding multiple policy and tariff changes in the U.S., including proposed cuts to the Investment Tax Credit and several provisions of the Inflation Reduction Act.</p>


Battery Manufacturer Xbattery Raises $2.3 Million in Seed Funding

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