ImpactAlpha’s deal news coverage for the week:
Agrifood investing. Grow Indigo, a Mumbai-based startup which trains farmers on regenerative agriculture practices and links them to carbon markets, raised $10 million from British International Investment.
Electric vehicles. Rivian-spinoff Also raked in $105 million from Eclipse for electric micro-mobility.
Energy transition. I&P made first energy investment in Zimbabwe… North Carolina-based Terrestrial Energy, which makes small modular reactors that generate industrial heat and electricity to power data centers, merged with a special purpose acquisition company… German solar provider Enpal, Team Global and Geschwister Oetker Beteiligungen invested €15 million in battery startup Theion to upcycle sulfur to cut battery production costs and minimize environmental impact.
Financial inclusion. German development finance institution DEG re-upped its investment in Malta-based Mediterrania Capital’s fourth fund with €15 million to support medium-sized businesses in North and West Africa.
Investing in nature. Japanese paper and pulp maker Oji Holdings and Sydney-based New Forests launched the Future Forest Innovations Fund to acquire and manage plantation forests in Southeast Asia, North America, Latin America and Africa.
Sustainable fashion. Lululemon entered a multiyear partnership with California-based biotechnology firm ZymoChem to introduce bio-based nylon in its athletic wear products.
