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New Deal


Announced

Completed

Lightrock led a $150m Series E round in Mainspring Energy.

Financials

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Transaction Value£119m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Renewable Energy Equipment

Private

Venture Capital

Private Equity

Acquisition

Minority

Single Bidder

Completed

Domestic

Friendly

green energy

Synopsis

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Lightrock, a global growth equity investor, led a $150m Series E round in Mainspring Energy, an onsite power generation provider, with participation from Khosla Ventures, Bill Gates, Fidelity Investments, Princeville Capital and Lineage Ventures. "Mainspring's radical flexibility in clean power generation — the ability to operate multiple fuel types, to turn on and off rapidly, to be placed anywhere, easily and affordably — has the potential to demonstrably speed the world's move to zero-carbon electricity. Lightrock invests in companies that can deliver significant, measurable climate impact, and Mainspring fits ideally into our portfolio, which also includes innovators in fields such as hydrogen electrolysis and biogas conversion," Kevin Bone, Lightrock Partner.

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