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  1. Deals Analysis
January 29, 2021

Power industry venture financing deals in Q4 2020 total $416.53m in US

Total power industry venture financing deals in Q4 2020 worth $416.53m were announced in the US, according to GlobalData’s deals database.

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The value marked a decrease of 51.01% over the previous quarter and a drop of 5.1% when compared with the last four-quarter average of $439.12m.

The US held a 58.02% share of the global power industry venture financing deal value that totalled $717.97m in Q4 2020.

In terms of deal activity, the US recorded 60 deals during Q4 2020, marking a rise of 53.9% over the previous quarter and a rise of 42.9% over the last four-quarter average.

The US power industry venture financing deals in Q4 2020: Top deals

The top five power industry venture financing deals accounted for 28.8% of the overall value during Q4 2020.

The combined value of the top five power venture financing deals stood at $120m, against the overall value of $416.53m recorded for the quarter.

The top five power industry deals of Q4 2020 tracked by GlobalData were:

1) Air Waves Wireless Electricity, Mitsubishi(Americas) and Stage one Ventures’ $34m venture financing of WiTricity

2) The $33m venture financing of PosiGen by Emerson Collective, The 2040 Fund and The Builders Fund

3) Ajax Strategies, NGP Energy Technology Partners and Prelude Ventures’ $25m venture financing of Voltus

4) The $20m venture financing of OhmConnect by Sidewalk Infrastructure Partners

5) Climate Capital, Good Growth Capital, Grant Hummer, Jack Fuchs, James Fickel, Jonathan Lin, Safar Partners, Sid Sijbrandij, Sierra Peterson and Vitalik Buterin’s venture financing of Swift Solar for $8m.

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.

 

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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