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Announced

Completed

SoftBank Vision Fund 2 and Greenbacker led a $120m funding round in Swell Energy.

Financials

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Transaction Value£101m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Single Bidder

Minority

renewable energy

Completed

Semiconductors

Friendly

United States

semiconductor manufacturing

Cross Border

Private

Venture Capital

Private Equity

Synopsis

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SoftBank Vision Fund 2, a fund with a goal to invest in AI-based technology, and Greenbacker, a green energy investment company, led a $120m funding round in Swell Energy, a renewable energy semiconductor manufacturing company, with participation from Ares Management and Ontario Power Generation. “By coordinating distributed energy resources across the grid to intelligently meet fluctuating demand, Swell’s AI- and machine learning-driven platform helps address a major challenge of the energy transition, while also lowering customers’ bills. We are excited to support Swell’s team as they accelerate clean energy adoption,” Ben Parton, SoftBank Group Director.

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