Lisbon’s BM2Solar Closes €2M Series A Round

Lisbon’s BM2Solar closes €2M Series A round

Lisbon-based BM2Solar closes €2M Series A funding round. The company’s mission is to increase the profitability of independent power producers’ (IPPs) solar power plants by integrating battery storage with no upfront investment required. The current investment was led by Axon Partners, with participation from Inclimo Climate Tech Fund and Black and Blue Investimentos. BM2Solar mentions in a LinkedIn post, “With this capital, we’ll expand our tea…

ARENA backs Luminous robots to scale up solar construction - Manufacturers' Monthly

Image: teamjackson/stock.adobe.com Luminous, an Australian robotics company, will receive $4.9 million in funding as the inaugural winner of ARENA’s $100 million Solar ScaleUp Challenge – a program designed to cut costs and supercharge innovation in large-scale solar deployment. The funding will support Luminous’ deployment of its AI-powered LUMI robots, a pick-and-place system that automates one of the most labour-intensive parts of solar farm…

US company to receive $4.9m from ARENA for solar installation robot trial

The LUMI robot is an AI-powered pick-and-place technology designed to streamline utility-scale solar construction.