Energy transition

The investment will be made in the Klima Energy Fund II from global financial services firm Alantra, which will focus on scaling technologies that are needed for Europe’s energy transition.

DREV has raised €2.8m for its contamination control technology for the battery industry, helping to protect worker health and safety, improve production efficiency, and recover critical metals.

The company is developing solar and wind projects in the fast-expanding Indian market, and plans to expand its operations across Asia.

The funding, led by Afreximbank’s impact investing arm, will allow the fast-growing clean transport firm to build up its battery-swapping infrastructure across African markets.

The fund aims to support the EU’s climate neutrality objective for 2050, and has invested in key transition sectors including onshore wind, hydropower, energy storage, low-carbon mobility, and energy efficiency.

The Dutch-based investor is targeting a €150m final close in 2026 for its debut offering, which has backing from the European Investment Fund and Invest International.

The commitment reinforces European support for Vietnam’s just energy transition partnership, aimed at accelerating its move to net zero.

NBIM says the investment will broaden its exposure to global energy transition projects and decarbonisation initiatives.

The French asset manager has invested in Revfin, a Delhi-based non-banking financial company specialising in electric vehicle financing.

The investment brings total assets under management to around $95m, which will be used to support SMEs in developing countries working in the fields of renewable energy and sustainable agriculture.