Total power industry venture financing deals in Q1 2019 worth $1.97bn were announced globally, according to GlobalData’s deals database.
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The value marked a decrease of 294.9% over the previous quarter and a rise of 395.3% when compared with the last four-quarter average, which stood at $397.41m.
Comparing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $1.26bn. At the country level, the US topped the list in terms of deal value at $1.17bn.
In terms of volumes, North America emerged as the top region for power industry venture financing deals globally, followed by Europe and then Asia-Pacific.
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By GlobalDataThe top country in terms of venture financing deals activity in Q1 2019 was the US with 43 deals, followed by the UK with six and Canada with five.
In 2019, as of the end of Q1 2019, power venture financing deals worth $1.97bn were announced globally, marking an increase of 485.5% year on year.
Power industry venture financing deals in Q1 2019: Top deals
The top five power industry venture financing deals accounted for 67.2% of the overall value during Q1 2019.
The combined value of the top five power industry venture financing deals stood at $1.32bn, against the overall value of $1.97bn recorded for the quarter. The top announced power industry venture financing deal tracked by GlobalData in Q1 2019 was Amazon.com’s $700m venture financing of Rivian Automotive.
In second place was the $446.88m venture financing of Weimaraner Automotive Technology Group by Baidu, Linear Venture and Taihang Industrial Fund and in third place was Benjamin Family, Bethel Lands, BHP, Bill Gates, Carbon Order, Chevron Technology Ventures, First Round Capital, Hodgkinson Family, Hutchison Family, Lowercase Capital, Murray Edwards, Oxy Low Carbon Ventures, Rusheen Capital Management, Starlight Ventures and Thomvest Ventures’ $68m venture financing of Carbon Engineering.
The $65m venture financing of Yellow Door Energy by Adenium Energy Capital, Arab Petroleum Investments, International Finance, Mitsui & Co, and Equinor and Legal & General Group, Equinor and Xinjiang Goldwind Science & Technology’s venture financing of Oxford Photovoltaics for $41.09m held fourth and fifth positions, respectively.
This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.
GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.
More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.