Venture Capital funding in Green Energy Raises $1.3 billion in Jan-Mar 2021
Paris, Apr 30th, 2021: Global venture capital funding in energy storage, smart grid, and energy efficiency rose to USD 1.3 billion during January-March 2021, registering a whopping 410 percent year-on-year growth, a report released on Friday said.
According to the report by Mercom Capital Group, the said segments had saw a combined funding of USD 252 million in same period of 2020.
The venture capital (VC) funding (including private equity and corporate venture capital) raised by battery storage companies in Q1 or January-March quarter of 2021 came to USD 994 million in 13 deals compared to USD 164 million in six deals in Q1 2020, it said.
The report said 33 VC investors participated in battery storage funding during the said quarter.
The VC funding for smart grid companies in...