Led · Series D · Feb 2026

Utility Global is an industrial decarbonization company that has created H2Gen®, a proprietary process that converts water and industrial off-gases into economically viable clean hydrogen while generating a capture-ready, high-purity CO₂ stream without using electricity. The solution is designed for direct integration into existing assets in sectors such as steel, refining, petrochemicals, chemicals, low-carbon fuels, and upstream oil and gas. By leveraging waste gases, the technology provides a cost-competitive alternative to conventional fossil-based processes and supports scalable carbon capture, utilization, or storage (CCUS). The company positions itself as a practical provider of repeatable, near-term decarbonization projects and has recently announced partnerships with Kyocera, Symbio North America Corporation, the city of Seongnam, Maas Energy Works, and ArcelorMittal. Proceeds from its latest capital raise will fund expanded manufacturing capacity, bolster project-execution teams, and advance multiple commercial deployments across North and South America, Europe, and Asia. Ara Partners has been Utility Global’s majority shareholder since its initial investment in 2021 and continues to support the company’s transition from proven technology to full global commercialization.

Participated · Series A · Dec 2025

Founded in 2015, Founteyn has created an all-in-one beverage platform that chills, carbonises and dispenses a wide range of drinks through proprietary capsules. The machine can brew hot, cold, still and sparkling beverages in less than 15 seconds and reportedly reduces single-serve weight, volume and packaging by up to 80 % and CO₂ emissions by more than 50 %. Strategic partnerships with Sodastream and PepsiCo expand its flavour portfolio, while Euro-Caps handles large-scale capsule manufacturing and Culligan Quench supports initial distribution. The company is targeting the global office and SME beverage services market, estimated at €1.7-4.5 billion in 2025, and plans an initial launch in the United States. Management cites growing corporate sustainability mandates and workspace efficiency demands as key growth drivers. With its €19.3 million oversubscribed Series A now secured, Founteyn plans to refine its technology and scale production ahead of a Series B in late 2026/early 2027. The new capital validates industry appetite for sustainable beverage solutions and positions the firm for accelerated global expansion.

Led · Equity · Oct 2025

Return develops and deploys battery energy storage facilities that can be connected to electricity grids throughout Europe. By adding flexible storage capacity, the company aims to stabilise power supply and accommodate increasing volumes of renewable energy. The platform focuses on large-scale installations that can be replicated in multiple European markets. Return’s business model centres on owning and operating these assets and monetising grid services. The firm plans to accelerate the roll-out of new sites with fresh institutional capital, allowing it to scale more rapidly than traditional project-by-project funding. Its recent €300 million raise from pension investor APG marks a significant boost to its balance sheet and underpins its near-term expansion plans.

Participated · Equity · Aug 2025

JSW Cement operates manufacturing facilities at Vijayanagar (Karnataka), Nandyal (Andhra Pradesh), Salboni (West Bengal), Jajpur (Odisha) and Dolvi (Maharashtra), and through subsidiary Shiva Cement runs a clinker unit in Odisha. The company is raising capital via a public issue comprising a fresh issue of up to ₹1,600 crore and an Offer for Sale of up to ₹2,000 crore, with the issue price fixed at ₹147 per equity share. JSW Cement plans to use ₹800 crore of the fresh-issue proceeds to build a new integrated cement plant in Nagaur, Rajasthan, and ₹520 crore for debt repayment, with the remainder for general corporate purposes. The IPO had an anchor allocation of 7.35 crore equity shares at ₹147 each, and the public issue will close on August 11. Fifty-two financial institutions participated as anchor investors in the allocation. The company’s near-term capital actions are focused on funding expansion and reducing leverage.

Participated · Series D · Jun 2025

Beewise develops the BeeHome™, an AI-driven, solar-powered robotic beehive that enables real-time autonomous treatment and remote management by beekeepers and growers. The company’s BeeHome™ 4 includes Heat Chamber Technology that eliminates 99% of lethal Varroa mites without chemicals. Beewise says all 1,240 BeeHomes currently in operation use machine learning to continuously monitor hive health, and the company reports pollinating 300K+ acres annually for hundreds of growers. Its system combines precision robotics, proprietary software, and machine learning (RNNs, reinforcement learning) to deliver active interventions rather than passive monitoring. Beewise positions the product as a climate adaptation solution to address extreme weather, pesticides, and pathogen threats to bees. The company plans to use new capital to accelerate technological innovation, market expansion, and research in service of its mission to save bees and secure the global food supply. Beewise, founded in 2018, produces the Beehome: a solar-powered automated apiary enclosure that monitors beehives and provides climate control, feeding, and automated harvesting. The company sells the product to farmers on a RaaS model—$400 monthly plus a $2,000 delivery/setup fee—for 24 colonies with ongoing maintenance. The system monitors for issues (including intrusive animals) and adjusts conditions to prevent swarming, aiming to improve yields and pollination and support bee population recovery. Beewise recently unveiled a new Beehome that is 32% smaller and 20% lighter than its predecessor, with faster harvesting and improved feeding and heating. The firm reports thousands of orders placed in the U.S. in the last few months and plans to increase manufacturing and develop additional product iterations. Beewise has raised over $120 million to date, including a recent $80 million Series C to help meet market demand and scale operations. Beewise develops Beehome, a retrofitted shipping-container system that houses ~40 colonies (about 2 million bees) and uses computer vision, robotic arms, sensors, and software to monitor, treat, and harvest hives. Its ML models (trained on thousands of images) detect pests such as varroa mites and a decision-making AI on an Nvidia Jetson platform can quarantine affected hives, control climate, apply targeted treatments, and automatically extract honey. Beehome also detects swarm risk and sends actionable alerts to beekeepers via an iPad app. The product is currently in beta, priced at $15 per hive per month, and Beewise reports a 15-person team with over 40 customers. The company aims to ramp production and contract manufacturers to deliver hundreds to thousands of devices per year, targeting a global market it estimates at 100 million hives (~$14.4B opportunity).