VC funding for Battery Energy Storage Companies Was up 78% With $661 Million in Q3

Mercom India | Oct 21, 2020 at 6:48 AM
  • Global corporate funding (including venture capital funding, public market, and debt financing) for the battery storage, smart grid, and energy efficiency sectors was up 165% in the third quarter of 2020 (Q3 2020) at about $3.2 billion.
  • In 9M 2020, announced debt and public market financing for Smart Grid companies stood at $10 million raised through three deals compared to $45 million raised from two deals in 9M 2019.
  • In July, Mercom reported that global VC funding for battery storage, smart grid, and efficiency companies in the first half of 2020 was down 51% at $858 million from $1.8 billion in 1H 2019.