Weekly · Monday, Nov 2 – Sunday, Nov 8, 2026

Weekly funding picks, November 2–8: three energy deals

Return finances German grid batteries, Candi Solar signs a facility for Indian businesses, and 6K gets a conditional loan offer for a Tennessee cathode plant.

Return secured €835 million in portfolio financing on November 4, underwritten by Deutsche Bank and Rabobank. The framework lets it finance several German storage sites under one agreement. The first three, totalling 117 MW, are already under construction. Energy companies can contract for capacity across the sites without owning a battery themselves.

Candi Solar’s customers can buy power without buying panels

On November 5, Candi Solar signed a $50 million financing partnership with Pentagreen Capital, which manages the Green Investments Partnership. It targets approximately 400 MWp of solar and storage projects in India. Candi builds and operates the installations; business customers pay for the electricity generated rather than funding a system upfront.

6K gets a conditional loan offer for a Tennessee cathode plant

On November 5, the US Office of Strategic Capital conditionally committed up to $250 million for 6K’s proposed plant in Jackson, Tennessee. Final financing and disbursement depend on appropriations, due diligence and other approvals. The plant would use microwave plasma to make cathode material for lithium-ion batteries.

The three financing announcements

Sources

  1. return.energy ↗
  2. candi.solar ↗
  3. 6kinc.com ↗

All rounds in this edition

All funding rounds in this edition
CompanyAmountRoundSector · countryInvestorsDate
Rabbit Trigger

Rabbit Trigger is an independent game development team creating DEATH A LIVE, a rhythm-action adventure for PC built in Unreal Engine 5.

UndisclosedEpic MegaGrantMedia & gaming · UnknownEpic Games
newmo

Taxi operations and technology for autonomous urban transport.

¥20.8BSeries BMobility · JapanKokusai Motorcars, NEX-T Tokai Innovation Fund, ANRI, Fidea Capital Co., Ltd., BRICKS FUND TOKYO, Daiwa Motor Transportation, SBI Investment Co., Ltd., KDDI Corporation (lead), DG Daiwa Ventures, Global Brain, SMBC-GB Growth Fund, Resona Capital, Eight Roads Ventures, GMO VenturePartners, Inc., Value Chain Innovation Fund, Rice Capital, Mercari, Japan Post Bank Spiral Regional Innovation Fund 1, Yokohama Capital, Globis Capital Partners, Headline Asia, MPower Partners Fund L.P., Mori Building Innovation Fund, JAFCO Group Co., Ltd., KRAFTIA Innovation Fund, Keio Innovation Initiative
Physicl

Synthetic 3D environments and labelled training data for robotics and world models.

$10MSeedAI · United StatesInovia Capital (lead)
Human Physical Intelligence

Human Physical Intelligence develops AI-controlled assist suits that help care workers learn and maintain less physically demanding working postures.

¥10MJapan Finance Corporation startup loanRobotics · JapanJapan Finance Corporation
TASE Global

Precision manufacturing and engineering group serving aerospace, defence, medical and industrial customers.

₹3BInvestment commitmentIndustrial tech · IndiaValueQuest Tristar Fund
MucoLife Therapeutics

Developing inhaled peptide medicines to clear mucus obstructions in lung disease.

SEK 1MVinnova ScaleGla grantBiotech · SwedenVinnova
ONSOH

Japanese biotechnology company developing hot-spring microalgae ingredients for livestock and aquaculture feed.

UndisclosedConvertible bond investmentAgritech · JapanFunds Venture Debt Fund 2
GHGSat

Canadian company measuring greenhouse gas emissions at individual industrial facilities using satellites, aircraft sensors and analytics.

UndisclosedConvertible note investmentClimate tech · CanadaClimate Investment, ME Innovation Fund, MUFG Bank
PUBLIC CONNECT

Japanese recruitment platform connecting jobseekers with government agencies and local authorities.

UndisclosedCorporate venture investmentBusiness services · JapanNANKAI NEXT Ventures Co., Ltd.
SKINGARDEN

SKINGARDEN operates a Korean beauty retail store in Tokyo’s Shin-Okubo district and sells products through online channels.

UndisclosedStrategic investmentConsumer · JapanKoraininginsha
NUVVE JAPAN

Japanese energy technology company aggregating electric vehicle batteries and stationary storage to optimise power supply and demand.

UndisclosedJ-KISS share acquisition rightsClimate tech · Japan
NIPPONIA Operations

Japanese hospitality operator turning historic buildings and local culture into NIPPONIA accommodation experiences.

UndisclosedCapital and business allianceBusiness services · JapanHolonic
Vensum Power

Finnish power electronics company developing software-defined converters for charging, energy storage and computing infrastructure.

€9MSeries AClimate tech · FinlandEviny Ventures (lead), Lifeline Ventures (lead), Larsen & Toubro Group (lead)
Ocient

Ocient develops a unified data and analytics platform for running governed AI and analytical workloads on petabyte-scale enterprise datasets.

$100MSeries CEnterprise software · United StatesOCA Ventures (lead), BOKA Capital (lead)
Claimlane

Warranty claims software connecting brands, retailers, customers and service partners.

€5.6MSeries AEnterprise software · DenmarkSkagerak Capital, Verb Ventures (lead), Vendep Capital
Calogena

Calogena develops compact nuclear heat modules for district-heating networks.

€40MInnovation Fund grantClimate tech · FranceEuropean Commission
Nealle

Nealle operates Park Direct, software for parking contracts, payments and property management.

UndisclosedSeries CProptech · JapanInsight Partners (lead), JPS Growth Investment No. 2 Limited Partnership
MUSE

MUSE develops Armo, a multi-purpose robot for retail stores.

¥1.8BUndisclosedRobotics · JapanRakuten Capital, Toshiba Tec, Incubate Fund, Spiral Capital, Gogin Capital Co., Ltd., Canal Ventures Co., Ltd., New Commerce Ventures, Inc., XTech Ventures, ALPHA (lead), YMFG Capital
Shield AI

Shield AI develops autonomy software and uncrewed aircraft for military and defense customers.

$500MDebt financingDefense tech · United StatesJPMorgan Chase (lead)
Alethio Therapeutics

Oxford spin-out developing targeted medicines for myeloproliferative neoplasms, a group of blood cancers.

$90MSeries ABiotech · United KingdomOxford Science Enterprises, University of Oxford, RA Capital Management (lead), Sofinnova Partners (lead), Cancer Research Horizons
MindMax

MindMax develops conversational AI tutoring for people preparing for exams and learning new skills.

£2.5MUndisclosedEdtech · United KingdomMaria Raga, Daybreak Ventures, Lerer Hippeau, Torsten Reil, Concept Ventures (lead), Redrice Ventures
Humble Robotics

Autonomous electric vehicles and operating systems for regional freight.

$51MSeries AMobility · United StatesEnergy Impact Partners, Obvious Ventures (lead), Ironspring Ventures, Eclipse
睿芯行

Ruixinxing develops controllers, vision systems and operating software for autonomous mobile robots.

UndisclosedUndisclosed roundRobotics · ChinaEP Equipment, Sinovation Ventures, NTI
Harbinger

Electric and hybrid vehicle platforms, battery systems and auxiliary power technology for commercial fleets and industrial customers.

$240MSeries DIndustrial tech · United StatesAustralian Gulf Capital, Squarepoint Capital, Greycroft, Capricorn Technology Impact Funds (lead), BuildGroup, FedEx, Tiger Global (lead), Ridgeline (lead), Maniv, Leitmotif, TechNexus, PanaceaVC, Fidelity Management & Research Company, ArcTern Ventures, Xantium
altM

altM converts agricultural residue into specialty chemicals for industrial manufacturers seeking alternatives to fossil-derived ingredients.

$10.3MSeries AIndustrial tech · IndiaMela Ventures, Spectrum Impact, Rainmatter, Omnivore, Theia Ventures, VC Grid, Aureolis Ventures
FluoRok

FluoRok develops manufacturing processes for fluorochemicals that bypass hazardous hydrogen fluoride.

$30MSeries AIndustrial tech · United KingdomBGF, Oxford Science Enterprises, Bidra Innovation Ventures, Orano Venture Fund (lead), University of Oxford, EverQuest Capital Partners, Innovate UK
Pay2o

Pay2o develops bank-account payment services for recurring tuition, membership fees and other subscription charges.

¥170MSeedFintech · JapanMizuho Capital Co., Ltd., XTech Ventures (lead), PLAID, Inc.
Cosmoserve Space

Robotic spacecraft and orbital servicing technology to remove debris and decommissioned satellites.

$6MSeedSpace tech · IndiaShakti VC, AUM Ventures, Aranya Holdings, Rebright Partners, Naandi Ventures
DGV Fund I

Consumer-focused Indian investment fund backing pre-Series A and Series A businesses.

₹1.3BFirst closeConsumer · India
Shield AI

Shield AI develops autonomy software and uncrewed aircraft for military and defense customers.

$1BStructured equityDefense tech · United States