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  1. Deals Analysis
May 5, 2021

Power industry venture financing deals total $1.54bn in US in Q1 2021

By Baghmar P

Total power industry venture financing deals worth $1.54bn were announced in the in Q1 2021, with $590m venture financing of Sila Nanotechnologies being the sector’s biggest investment, according to GlobalData’s deals database.

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The value marked an increase of 257.2% over the previous quarter and a rise of 232.5% when compared with the last four-quarter average of $463.14m.

The US held a 53.29% share of the global power industry venture financing deal value that totalled $2.89bn in Q1 2021.

In terms of deal activity, the US recorded 65 deals during Q1 2021, marking an increase of 3.17% over the previous quarter and a a rise of 36.84% over the last four-quarter average.

US power industry venture financing deals in Q1 2021: Top deals

The top five power industry venture financing deals accounted for 68.7% of the overall value during Q1 2021.

The combined value of the top five venture financing deals stood at $1.06bn, against the overall value of $1.54bn recorded for the quarter.

The top five power industry deals of Q1 2021 tracked by GlobalData were:

1) 8VC , Bessemer Venture Partners, Canada Pension Plan Investment Board, Coatue Management, Sutter Hill Ventures and T Rowe Price Associates’ $590m venture financing of Sila Nanotechnologies

2) The $253m venture financing of Highland Electric Transportation by Fontinalis Partners and Vision Ridge Partners

3) Technology Venture Partners’ $100m venture financing of Ampion

4) The $63m venture financing of BlocPower by AccelR8, American Family Insurance Institute for Corporate and Social Impact, CityRock Venture Partners, Elemental Excelerator, Kapor Capital, Salesforce Ventures, Schmidt Family Foundation and The Goldman Sachs Urban Investment Group

5) Alfa Laval, Breakthrough Energy Ventures and Proman’s venture financing of Malta for $50m.

Related Companies

Verdict deals analysis methodology

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.

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