Finance

Select VC & PE/Growth Equity Funds Raised in 2025 More than $7.6bn of capital was announced by early-stage VC and CVC funds towards climate and energy transition in 2025, with 50+ new funds raised, increasing marginally from the previous year. Number of PE/Growth Equity funds increased more significantly, with more than $10bn of capital announced as well, but 25 funds raised, greater than 21 and 17 funds from 2024 and 2023, respectively. This indicates the desire to fund the “missing middleˮ to turn the “valley of deathˮ into the ‘valley of opportunityˮ. Here are a select few that have previously announced or indicated interest towards battery investments, with examples in the description.

$5.6B February

Aypa Power, Ample

$1.36BN October

Dragonfly Energy, 6K, Form Energy

$1BN May

$270MM May

$176MM June

cylib, Electroder

$80MM December Emo Energy

Source: Sightline Climate Distinguished Partner).

SVOLT

Targeting batteries in new fund

$500M February TWAICE

Ascend Elements

$150MM September

$150MM April

$135MM September

$88MM May

Glimpse, AM Batteries, Peak Energy, Ascend

QuantumScape, Stratus Materials

Vulcan Energy

€60MM December Scale Energy

$375MM November

$744MM January

$69MM

£49MM

Nanograf

Indra, Sunswap

October

3DC, POEN

ION Storage Systems

August

€50MM September Scale Energy

Extracted from the PDF; charts and images may read imperfectly.