Corporate / CVC · 1 deal
Every published round Aramco took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted.
| Company | Stage | Announced | Amount | Role | Alongside | Sources |
|---|---|---|---|---|---|---|
| Energy Vault | Unnamed stage | 4 Jun 2021 | - | Participant | RenewEconomy (Wed 16 Feb 2022), RenewEconomy (Fri 4 Jun 2021) |
Companies Aramco has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Energy Vault | 4 Jun 2021 | 1 | 0 |
Fund closes reported for Aramco, as distinct from the investments it has made.
Companies Aramco has backed that another company then bought. An exit for the holding, not a deal Aramco did.
Stories naming Aramco. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Green Gravity will trial its gravity energy storage in a closed NSW coal mine under an MoU with Yancoal, with a pre-feasibility study due in 2023, after a May capital raise.
Green Gravity, a new Australian venture developing gravity-based power storage inside abandoned mine shafts and led by Mark Swinnerton, formerly of BHP, has early private backing and is in talks with governments and VCs.
Swiss gravity-based storage firm Energy Vault has listed on the New York Stock Exchange after merging with a blank-cheque company, opening near a two billion dollar valuation before its shares slipped on day one.
Also RenewEconomy
Saudi Aramco, through its SAEV venture arm, has taken a strategic stake in Swiss gravity-based energy storage company Energy Vault to speed global deployment of its technology.
Also RenewEconomy
Ant Group is preparing a dual listing in Hong Kong and Shanghai that Reuters estimates could raise about US$35 billion, surpassing Saudi Aramco's record IPO, with Jack Ma praising the pricing.