rarer

The largest funding rounds raised by startups are becoming rarer and rarer. The venture deceleration, and its late-stage glaciation, are not stopping the companies that want to reinvent energy from raising huge rounds. Powering upNine-figure rounds are often called “megarounds” due to their massive heft. Inside energy’s power surgeIn 2023, China dominated energy megarounds, with most of the money going to makers of solar panels and battery materials. Fast forward to this year, and the picture in energy megarounds looks dramatically different.