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  1. Deals Analysis
July 21, 2021

Power industry venture financing deals total $340.3m globally in June 2021

By Baghmar P

The $100m venture financing of EcoFlow was the power industry’s top venture financing deal as total deals worth $340.3m were announced globally in June 2021, according to GlobalData’s deals database.

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The value marked an increase of 17.6% over the previous month of $289.33m and a drop of 33.4% when compared with the last 12-month average, which stood at $510.83m.

Comparing venture financing deals value in different regions of the globe, Asia-Pacific held the top position, with total announced deals in the period worth $147.17m. At the country level, the China topped the list in terms of deal value at $131.4m.

In terms of volumes, North America emerged as the top region for power industry venture financing deals globally, followed by Asia-Pacific and then Europe.

The top country in terms of venture financing deals activity in June 2021 was the US with ten deals, followed by the China with four and India with two.

In 2021, as of June, power venture financing deals worth $4.59bn were announced globally, marking a decrease of 408.8% year on year.

power industry venture financing deals in June 2021: Top deals

The top five power industry venture financing deals accounted for 62.6% of the overall value during June 2021.

The combined value of the top five power venture financing deals stood at $213.11m, against the overall value of $340.3m recorded for the month.

The top five power industry venture financing deals of June 2021 tracked by GlobalData were:

1) China International Capital, Hillhouse Ventures and Sequoia Capital China Fund’s $100m venture financing of EcoFlow

2) The $34.11m venture financing of Skeleton Technologies by Adyen, KIC InnoEnergy and Marubeni

3) QED Investors and Valor Capital Group’ $30m venture financing of Solfacil Energia Solar Tecnologia e Servicos Financeiros

4) The $25m venture financing of CubicPV by Breakthrough Energy Ventures, First Solar and Hunt Energy Enterprises

5) Breakthrough Energy Ventures, Prelude Ventures and Technology Impact Fund’s venture financing of Electric Hydrogen for $24m.

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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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