Agriculture & Food 

Arable, developer of crop monitoring and predictive analytics solutions for crop growth, raised $40 million in growth equity from Galvanize Climate Solutions, Qualcomm Ventures, Prelude Ventures, S2G Ventures and Ajax Strategies. The company offers sensing and monitoring solutions to collect data on soil, weather and crops. It also offers agronomic data modelling solutions to derive actionable insights using both collected and third-party data. Arable aims to use the funding to develop more product offerings and expand geographically. 

Energy & Power 

Terabase Energy, provider of a development and deployment platform that tracks and automates utility-scale solar development, raised $44 million in a Series B round co-led by Breakthrough Energy Ventures and Prelude Ventures. Other existing investors including SJF Ventures also participated. The company has developed a design platform, cloud-based solar energy modeling tool, and construction management software for large-scale applications. Terabase aims to develop a robotics system to automate the development and operation of PV plants.  

Materials & Chemicals  

Nexeon, developer of second-generation lithium-ion batteries using silicon anode technology, raised $90 million in growth equity from Ingevity, GLY Mobility Fund, Daishin Private Equity, Shinhan Capital and SKC. The company’s silicon materials reportedly result in higher energy density batteries. Nexeon aims to increase its manufacturing capabilities of silicon-based anode materials. This round brings the total raised in the growth equity round to $170 million with an additional $50 million strategic commitment.  

Resources & Environment 

NTX, developer of textile printing dye technology to reduce energy use and wastewater, raised $200 million in growth equity from Centurium Capital, NRL Capital and Index Capital. NTX has introduced a sustainable dyeing technology, NTX Cooltrans™, that can reportedly dye any material without using any heat – leading to a more energy-efficient process. The system also reduces water consumption by 90%, reportedly. Funding to go towards operational costs of the business.  

Transportation & Logistics 

Onto, provider of electric vehicles on subscription, raised $60 million in growth equity from Legal & General Capital, Alfvén & Didrikson, Accelerated Digital Ventures and Cerebrum Tech Limited. Operating on a subscription model, the company offers a rolling month-to-month contract, with servicing and maintenance, as well as free public charging across its network of charging partners in the UK. Onto aims to expand further into Europe with the new round of funding, starting with Germany.