Manulife Investment Management, an asset management firm, led a $225m round in NineDot Energy, a battery storage developer, with participation from Carlyle, a multinational private equity company. “We are honored and excited to have Manulife Investment Management as a NineDot equity investor and partner. From our first meeting it was clear that Manulife IM understood the importance of battery storage in modernizing the urban electric grid, making it cleaner, more resilient, more equitable, and less costly. Having Manulife Investment Management and Carlyle – two of the world’s leading infrastructure investors – in our corner will truly energize NineDot’s future,” David Arfin, NineDot Energy CEO and Co-Founder.