Recent Cleantech Deals – 10 December 2019

An overview of the latest  cleantech deals across all our sectors. 

Agriculture & Food

Plantix, a developer of monitoring software with automatic image recognition of plant damage, disease or nutrient deficiencies, received $7.3 million in Series A funding. The round was led by RTP Global, Piton Capital, Atlantic Labs and Index Ventures. The funding round will be used to improve Plantix’s AI-driven solution which provides a digital method for the automated detection of plant diseases. The company is also set to expand into Indonesia and Vietnam.

Energy & Power

Group14 Technologies, a manufacturer of lithuim-ion battery materials, has raised $18 million in a Series A round from Amperex Technologies Ltd., Cabot Corporation, BASF Venture CapitalOVP Venture Partners, and Showa Denko. This investment from major chemical companies BASF and Cabot alongside large scale battery manufacturers Amperex Technologies represents strong validation of Group14’s technology and the significant market opportunities in vehicle electrification. This funding will be used to scale manufacturing of next-generation silicon carbide composite anode material and support commercial production.

Materials & Chemicals
Nantero is a nanotechnology company that uses carbon nanotubes to produce semiconductor devices for next generation computer memory technology. Nantero has raised $12.7 million in a Growth Equity round. The investor was undisclosed and the funding round was released via regulatory filing.

Resources & Environment

Major clothing brand, Prada, has secured $55.1 million in structured debt from Credit Agricole. The debt will be a sustainability-linked loan with interest rates dependent on lighting efficiency and more sustainable material use within Prada’s working practices. This financing model presents a fashion industry first, where interest loans are more favourable if the Prada Group hits sustainability targets. It provides a financial incentive for the group to hit targets on time.  

Transportation & Logistics

SWAT, provider of shared mobility route optimization services for workforces in Singapore, has raised $10.1 million in a Series A round. The round was led by University of Tokyo Edge Capital (UTEC) with additional funding support from SMRT, ComfortDelGro Capital Partners (CCP)Singapore Economic Development Board (EDB)EDB Investments, LKJ Capital Japan, iGlobe, and Goldbell Investments. The capital will be used for geographic expansion, including new markets such as Japan, China, Indonesia and the Philippines; internal technology development and data and engineering team expansion.

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