Amber Electric, based in Melbourne, secured €49 million in a Series E round led by Morgan Stanley Investment Management’s 1GT climate strategy. The company controls over 50% of Australia’s automated residential-battery market and plans to use the capital to expand into Europe through a partnership with E.ON.
Cairo-based fintech Paymob raised $35 million in a pre-Series C round co-led by Mubadala and the European Bank for Reconstruction and Development. The company serves over 390 000 merchants across the MENA region, with its GCC revenue increasing sevenfold over the past 18 months.
London’s Unit1 Studio disclosed £20 million (€23.3 million) in combined equity and production financing. The startup develops technology for relocatable avatar concerts, aiming to reduce fixed costs by allowing digital performances to move between venues, as demonstrated in a recent test with KT Tunstall.
Spiro, an electric mobility firm, secured an additional $18 million in debt from the Africa Go Green Fund. The company operates over 135 000 electric motorcycles and 2 500 battery-swap stations across seven African markets, with the new funds designated for deployments in Uganda and Rwanda.
Indian fintech BharatPe raised ₹135 crore (approximately $1.55 million) in debt financing from InnoVen Capital, Neo Group, and Alteria Capital. The company provides payment and credit services to merchants, utilizing debt capital to support its lending operations and infrastructure.
