Energy and climate deals of the week



Illustration: Sarah Grillo/Axios. Stock: Getty Images
Venture Capital
• Harbinger, a Garden Grove, Calif.-based EV truck maker, raised a $240m Series D. Tiger Global, Capricorn, and Ridgeline led, joined by FedEx, Fidelity, Squarepoint Capital, Xantium, Maniv, Greycroft, Australian Gulf Capital, PanaceaVC, ArcTern Ventures, Leitmotif, TechNexus, and BuildGroup. Go deeper
• Humble Robotics, an SF-based autonomous electric trucking startup, raised $51m in Series A funding from Obvious Ventures, Eclipse, and EIP. Go deeper
• Vaeridion, a German maker of electric planes, raised €30m. SHIFT Invest and Invest-NL led, joined by insiders World Fund, Project A and Vsquared Ventures. Go deeper
• FluoRok, a UK-based chemicals startup, raised €26.6m in Series A funding. Orano Ventures Fund and Supernova Invest led, joined bt Bidra Innovation Ventures, Oxford Science Enterprises, BGF, GGF, Volta Energy Technologies, and the University of Oxford. Go deeper
• AltM, an Indian alternate materials startup, raised $10.3m in Series A funding. Rainmatter led, joined by Omnivore, Theia Ventures, Aureolis Ventures and Spectrum Impact. Go deeper
• RadianX, a Redwood City, Calif.-based maker of perovskite solar modules for edge energy, raised $9m in seed equity and project financing. The seed round was led by SOSV and Twynam. Go deeper
Viridi, a British startup making chemicals from carbon dioxide, raised €2.6m. Odyssey Ventures led, joined by Alphatron Impact Ventures. Go deeper
Private Equity
• 1248 Holdings acquired Generate Capital's ownership interests in Ubiquity, a fiber network owner operating in Texas and Nebraska. Go deeper
• Levine Leichtman Capital Partners made a growth investment in Concentric Energy Advisors, a Marlborough, Mass.-based consulting and advisory firm serving the North American utility and energy industry. Go deeper
• L Squared acquired Edko, a provider of herbicide-based vegetation management services, from Incline Equity Partners. Go deeper
• LS Power offered to buy the stake it doesn't already own in EV charging company EVgo (Nasdaq: EVGO) for $2 per share. Go deeper
M&A
• DTE Energy agreed to sell DTE Vantage, its non-utility business, for about $3b to institutional investors. Go deeper
Liquidity
• Energy Capital Partners agreed to sell Harvestone Low Carbon Partners, owner of three corn-based ethanol biorefineries, to The Andersons (Nasdaq: ANDE) for $915m. Go deeper
• Omen AI, an SF-based liquid-cooling sensor developer, acquired Cambridge, Mass.-based fluid monitoring startup Aquatic Labs in a $16m cash-and-stock deal. Aquatic Labs raised $4.75m from Future Planet Capital, Burnt Island Ventures, Counteract Ventures, Ponderosa Ventures, and Propeller. Go deeper
Fundraising
• I Squared Capital raised $3b for its second infrastructure credit fund. Axios Pro Flashback
It's Personnel
• Raj Soi was appointed COO of Altus Power, a Stamford, Conn.-based solar developer. Soi was COO of SunVest Solar. Go deeper
Odds & Ends
• LiveWire Group (NYSE: LVWR), Harley-Davidson's electric motorcycle spinoff, warned it may not survive next year, citing liquidity concerns and weak demand. Go deeper