Willkommen bei BASF Venture Capital

ESS Tech, Inc. (“ESS, Inc.”, “ESS” or the “Company”), a manufacturer of long-duration iron flow batteries for commercial and utility-scale energy storage applications, and ACON S2 Acquisition Corp. (NASDAQ: STWO), a publicly traded special purpose acquisition company, today announced they have entered into a definitive agreement for a business combination that will result in ESS becoming a publicly listed company.

The funding round attracted a range of leading investors committed to advancing low-carbon solutions for industry. Imperative Ventures and Zero Carbon Partners led the round and were joined by new investors Canada Pension Plan Investment Board (CPP Investments), Breakthrough Energy Ventures, Prelude Ventures, and PIVA Capital. Existing investors John Doerr, BP, OGCI Climate Investments, and Bill Joy demonstrated their ongoing commitment by investing additional funds.

EAVision Technologies, a Chinese agricultural drone company has raised $30 million for its Series C. EAVision is the technology leader in autonomous crop protection particularly in mountainous farming and other complex terrains. The investment was led by Singapore-headquartered investment company Temasek, Chinese state-sponsored fund CITIC, and Chinese agrifood tech VC Bits x Bites.