For the better part of a decade, VC firms and growth equity funds have plowed nearly $42 billion into battery technology startups across almost 1,700 deals, according to an analysis by PitchBook and TechCrunch. What’s more, about 75% of the investments in that period happened in the last two years alone.
Venture capital firms aren’t unusual in the battery world. Five years ago, they reliably made 50 to 60 deals a quarter, which would be worth a few hundred million dollars in total. That started to change toward the end of 2020 — several quarters in the last two years have seen more than $2 billion invested, and a couple have had more than $3 billion. The number of deals has ticked up, too, nearly doubling in 2021.
But the more remarkable story has been in growth equity. In the past, private equity (PE) deals in the battery sector were sporadic. In the…
Batteries have become VC and PE’s most electric investment opportunity – TechCrunch
