Announced
Completed
Financials
Tags
Acquisition
Single Bidder
Minority
renewable energy
Completed
Semiconductors
Friendly
United States
semiconductor manufacturing
Cross Border
Private
Venture Capital
Private Equity
Synopsis
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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