MPower Ventures AG’s Post

Hohm Energy, the South African solar company that announced a $8 million seed round in February, is currently not operational due to cash flow problems and an inability to service existing debts. The company has entered business rescue, a process that helps financially distressed companies get help, and has laid off an undisclosed number of employees. Under South African law, business rescue lasts three months. Within that time, a business rescue practitioner must investigate the company’s affairs, convene a meeting of creditors, and advise on the company’s prospects. “We are working with legal counsel to get a better understanding of a way forward, but Hohm is currently not trading,” Franc Gray, CEO of Hohm’s parent company, Spark Energy Services, told TechCabal. CEO Tim Ohlsen left the company last week, people familiar with the matter said. After Ohlsen’s resignation, managing director Ryan Steytler took over the company leadership and decided to put the business into business rescue. Gray alleges Steytler made the decision unilaterally and against shareholder advice. Hohm rapidly increased its headcount in anticipation of growing demand for solar, said Bas Hochstenbach, managing partner of E4EAfrica, one of Hohm’s investors. However, as grid electricity improved in South Africa, Hohm’s business started to show the first signs of cracks. Read more: https://lnkd.in/dCnBBhPx #RenewableEnergy #Solar #SouthAfrica #Investment

☀️🚴♂️ Feeling the sun while pedaling through the Alps 🌍 Michael Eschmann, COO of MPower, earlier this month had an unforgettable ride through the Swiss Alps with Henry Lüthi Studer supporter of MPower. While the sun was shining strong - providing the perfect metaphor for our solar energy discussions - Michael was, well... let’s just say he was feeling the burn in more than one way! 😅 Despite the uphill battle (literally!), the conversation and the views were nothing short of inspiring and produced many ideas for further collaboration. EXCITING NEWS! WE ARE CROWDFUNDING! Want to invest in clean energy? Become a shareholder of MPower Ventures AG through our crowd equity campaign launching this September on Republic. Learn more and register for the presale here: https://lnkd.in/eF2nNQSS #SolarEnergy #Africa #SwissAlps #BikeTour #SustainableFuture #NeverGiveUp #CleanEnergy #SolarPower Don't invest unless you're prepared to lose all the money you invest.

📣 Congratulations to Beacon Power Services (BPS)! The #EnergyTech company, which provides data and network management solutions to help #Africa's power sector distribute electricity more efficiently, has just announced the closing of a Series A financing round. 💬 “We are thrilled to invest alongside Partech to support the pan-African development of BPS. Indeed, BPS's goals align with Proparco's VC mandate to support innovative #startups on the continent. Through its sophisticated solutions, BPS provides a tangible answer to the major issue of electrical grid efficiency and is a good example of the private sector’s ability to tackle critical issues for development. Hence, we are very enthusiastic about this partnership which also highlights AFD group’s long-standing support of African utilities", declared Fabrice Perez, Head of Proparco's VC division.  🤝 The round was led by Partech, with participation from Finnfund, Gaia Impact, Proparco, and previous investors Kaleo Ventures and Seedstars Africa Ventures. Additional investors in this round include Clermount, Global Brain Corporation and its CVC partner JGC MIRAI Innovation Fund, and On.Capital. ✔️ The funding will enable BPS to enhance its product offerings, support growth in its current operations, and expand into new markets across Eastern and Southern Africa. AFD - Agence Française de Développement Françoise LOMBARD, Djalal Khimdjee, Jeremie Ceyrac, Jean-Benoît du Chalard Fabrice Perez, Sadio DICKO, Moustapha Ibrahim Malloum, Agnès HUANG, Gabriel-Iannis Aissou https://lnkd.in/eri6pMZY

Last week, more than $225 million was invested in clean energy companies, including Nokomis Energy, Zap Energy, UgoWork, Paces, and Amperecloud.    Investors include: Great Bay Renewables, Lowercarbon Capital, Breakthrough Energy Ventures, Fonds de solidarité FTQ, Investissement Québec (IQ), Export Development Canada | Exportation et développement Canada (EDC), Desjardins Technology & Innovation Banking, Navitas Capital, Suffolk Technologies, MCJ Collective, Resolute Ventures, Soma Capital, Y COMBINATOR MANAGEMENT, LLC, Encevo , Point9 and Vireo Electrification Fund. Stay informed about these and upcoming sustainable investment opportunities by subscribing to our weekly newsletter. https://bit.ly/3AdeBCV #EndowCapital #InvestmentRoundup #CleanEnergy #VentureCapital  #ImpactInvesting #Cleantech

Over $175 million was invested in clean energy companies this week, including 360 Energy Solar, MGA Thermal, SWTCH Energy, Ivy Energy, and Eocycle Technologies. Investors include: Stellantis, Main Sequence, Melt Ventures, Jekara Group, Blue Earth Capital AG, Alantra’s Energy Transition Fund Klima, Active Impact Investments, Giga Investments Corp, SolarEdge Technologies, Greensoil PropTech Ventures, American Family Insurance Institute for Corporate and Social Impact (AmFam Institute), Legacy Capital Ventures, Enki Solar Investments, Unit Leader, LLC, Export Development Canada | Exportation et développement Canada, Fonds de solidarité FTQ, and Investissement Québec. Find out more about these and future sustainable investments by subscribing to our weekly newsletter. https://bit.ly/3w6bPh9 #EndowCapital #InvestmentRoundup #SustainableInvesting #CleanEnergy #VentureCapital #Sustainability  #ImpactInvesting

🎯 RGREEN INVEST provided 50M€ corporate debt to CCE, the Austrian-German photovoltaic specialist. This investment was made by INFRABRIDGE III (Art.9 SFDR), the short-term senior debt fund managed by RGREEN INVEST.   CCE’s CEOs Martin Dürnberger and Joerg Menyesch declared "2024 will be a very dynamic year for CCE, as we plan the construction start of projects with a total output of over 400 megawatts. We are delighted to partner once again with RGREEN INVEST, a leading player in the renewable energy financing sector"   Nicolas Rochon, President & Founder of RGREEN INVEST, shares "By 2030, we need to reach 42% renewable energy in the energy mix in Europe. Today we are at 22%. It is therefore crucial to accelerate the financing of the energy transition. Debt is an attractive financing tool for project developers and entrepreneurs, which also enables us to deliver attractive performance to our investors"   Find out more 👉 https://urlz.fr/qjDC Mathilde Ketoff, The-Kim H., Alice Blotin   #CCEholding #climatechange #PrivateDebt #sustainablefinance

⚡ BREAKING NEWS: We’ve raised an additional €21 million in investment! ⚡ Huge thank you to our new investors A&G Energy Transition Tech Fund (A&G ETTF) and the European Investment Fund (EIF) and existing investors Activate Capital, Rubio Impact Ventures, PDENH, and Expon Capital for your ongoing support and trust. What’s next for us? 🔋 We’ll roll out #BESS 🤝 We’ll pursue M&A 🚀 We’ll further scale our operations across Europe 📈 We’ll diversify our offering to industrial companies and renewable energy producers by extending our trading capabilities to new energy markets This investment is a powerful vote of confidence in our growth and the #EnergyFlexibility space as a whole. The European Commission repeatedly highlighted energy flexibility as a cornerstone of the #EnergyTransition, critical for enhancing grid resilience and stability across Europe. "Sympower has grown tremendously in recent years, which aligns with the unprecedented demand across Europe for diversified and mature energy flexibility solutions. I'm grateful for the continuous support of our investors and delighted to see new ones putting their trust in us. Completing an oversubscribed funding round shows our investors' confidence in our vision, team, and execution capabilities. This new funding will be key in expanding our operations and enabling us to deliver a sophisticated and mature offering for battery energy storage systems." - Simon Bushell, CEO & Founder, Sympower Exciting times ahead! 👉 Read the full announcement: https://lnkd.in/e3TKjBaG #EnergyTransition #DemandResponse #FundRaising Herman Vos Vicky McIvor Claire Scott Bo Kristensen Alexandre Jennaoui Kevin Gjerstad Kim Essebaggers - Verdouw Jade Lubich Anup Jacob Jesus Lozano Lopez Charlie Macdonald Teresa Grijelmo Sada Alain Rodermann Anthony Viellevoije

#fundingalert 💼Company: Hometree 💰Funding: Undisclosed ⚡Round: Debt 👥Investors: BlackRock The goal of home energy services provider Hometree is to quicken the shift to net zero energy. They assist homeowners in making the shift to low-carbon living when they’re ready by maintaining, installing, and financing home energy gear. The facility will be used to acquire renewable energy installation businesses and support Hometree’s move to offer a “whole of life” solution. This will make the transition to renewable energy simpler and more affordable for homeowners by providing hardware installation, financing, repairs, and ongoing maintenance altogether. Simon Phelan, Tim Fenwick, John Withers, Simon Dudson Read more - https://lnkd.in/ggE-9XeR To share your startup story write us on - contact@startuprise.co.uk #Hometree #financing #renewableenergy #hardwareinstallation #businesses #funding #fundingnews #statupnews #news #startuprise

We close on Crowdcube tomorrow having raised an incredible amount - and counting - from over 350 investors. This is both thrilling and humbling and we’re still welcoming new shareholders by the minute. Every investment made brings us closer to rolling out our innovative tidal solution. Our initial target was to finalise the build of our 50kw fully submerged and nature friendly SW2 turbine. With additional funds, we’re working towards a demonstration project on the Scottish coast. The project is already agreed, with the site assessment completed and key planning permissions in place. Raising additional investment beyond our current £338k, will bring us closer to executing this - and to commercialisation. We have EIS in place, and as of yesterday, we’re now also able to welcome investors from the EU. Please note if you don’t have a Crowdcube account, you must register today to be able to invest tomorrow, due to their 24 hour cooling off period for new accounts. Joining Flex Marine Power is an opportunity, we believe, to make a tangible difference in the world, as well as being a smart investment decision based on innovative technology and a sound business model from a highly experienced team. We’re ready for the next pivotal step, but you have the power to get us there. David Mummery is here for questions until tomorrow. We hope you’ll join us in bringing the new wave of tidal energy to the market. https://lnkd.in/dFNf4ZRZ Don’t invest unless you’re prepared to lose all the money you invest. #tidalenergy #cleanenergy #renewableenergy #sustainability #sustainableinvestment #crowdfunding #EIS #investment #raising #renewables #ESG

#EnergyTransition #RenewableEnergy #Sustainability #FundingRound #InvestmentNews This is a fantastic step into the future of Demand Side Flexibility: - Sympower raised an oversubscribed €21.3 million in the Series B1 funding round. - The investment was led by A&G Energy Transition Tech Fund (A&G ETTF), with direct investment from the European Investment Fund (EIF) and participation from existing investors Activate Capital, Rubio Impact Ventures, PDENH, and Expon Capital. - Funds will be used to roll out battery energy storage solutions, future mergers and acquisitions, continue Sympower’s European expansion, and scale the business’ operations. - Sympower has a portfolio of over 2GW of flexible capacity in Europe. - This round highlights strong confidence in Sympower’s growth potential from investors, aligned with the demand surge for flexibility solutions across Europe. - The European Commission repeatedly named demand-side flexibility as a crucial lever to achieving Europe’s energy transition by helping to build resilient grids. Innovative grid strategies, including flexibility solutions, are predicted to help save €12 billion annually until 2050 in grid investments.