Recent Deals – 13 November

Looking for insight into the latest deals in cleantech? Interested in the future of innovation? Our recent Deals brings you a summary of the latest investment.

Agriculture & Food 

DeHaat, developer of a platform to give farms access to inputs, distribution network and crop advisory services, raised $115 million in growth equity from Sofina, Lightrock, Temasek Holdings, RTP Global, Seqouia Capital India, Prosus Ventures and FMO. DeHaat offers a full-stack solution for farmers, micro-entrepreneurs and corporate buyers. Farmers can request soil testing, purchase inputs and get weather updates through DeHaat’s app. They also have the option to get customized advisory services. The company aims to expand to more states in India.  

Energy & Power 

Helion Energy, developer of fusion energy technology, raised $500 million in a growth equity round led by Sam Altman. Mithril Capital, Capricorn Investment Group and Dustin Moskovitz also participated in this round. Helion’s system uses deuterium and helium-3 as fuel and utilizes pulsed non-ignition fusion, leading to smaller fusion devices. The solution also captures electricity directly from the reaction and not through steam turbines. The funding is to be used for the continued development of Polaris, Helion’s electricity demonstration generator. The company aims to start producing net electricity from 2024. 

Materials & Chemicals 

Via Separations, developer of energy-efficient membrane filtration solutions for industrial separations, secured $38 million in Series B funding from Energy Technology Partners, 2040 Foundation, The Engine, Safar Partners, Prime Impact Fund, Embark Ventures and Massachusetts Clean Energy Center. Via Separations uses graphene-oxide-membrane-based systems for mechanical separation, shifting from the need to use energy-intensive thermal solutions. The company will continue to develop its offering, including a software-based product monitoring solution. It is currently working on three pilot plants, and aims to offer its solution as a service.  

Resources & Environment 

Persefoni, developer of carbon footprint management and reporting platform for businesses, secured $101 million in Series B funding from Prelude Ventures, The Rise Fund, Clearvision Ventures, EDF Group, Parkway Ventures, Bain & Company, Sumitomo Mitsui Banking Corporation and Alumni Ventures Group. The company offers corporate and financed emissions carbon data, using automated cloud-based data integration from multiple data sources. Persefoni aims to expand its business outside the eight countries it is active in with this new round of funding.  

Transportation & Logistics 

Hozon Automobile, developer of an electric smart car, raised $625 million in growth equity from Qihoo 360 Technology, CCB International, CITIC Securities, GF Venture Capital and Shenwan Hongyuan. Hozon specializes in intelligent electric vehicles and has four models on the market currently. 360, an internet security company, contributed half of the investment in this round leading to a 17% stake in the company. The company has previously raised $1.7 billion in investment.  

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