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

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.