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Updated December 26, 2024
Check out this week's VC investments in companies and startups in the energy space!
Nicolas Lassalle
Darcy Partners
Find below a list of VC investments in the following Innovators:
- Deep Sky: a company that has a proprietary CO2 removal system, has raised $40m in Grant funding from Breakthrough Energy Catalyst.
- Enzinc: a company that develops advanced zinc batteries, has raised $8m in Series A funding from TO VC and American Century Investments.
- Fervo Energy: is a startup that develops advanced geothermal projects that has raised $255m in Growth and Debt funding from Capricorn Investment Group, Breakthrough, CalSTRS, CPP Investments, Congruent Ventures, and other investors.
- Form Energy: an iron-air multi-day energy storage service provider, raised $50m in Equipment Financing from Trinity Capital.
- FuelCell Energy: an integrated hydrogen fuel cells manufacturing startup, has raised $34m in Convertible Note funding.
- Haber: an AI and IoT-based industrial automation solutions provider that aims to optimize industrial processes, has raised $20m in Series B funding from Ascent Capital, Accel, BEENEXT, Elevation Capital and other investors.
- JOLT Energy: a service provider specialized on EV charging networks, has raised $4m in Series A funding.
- Mojave: company specialized in manufacturing air conditioners based on liquid desiccant processes, has raised $10m in Series A funding from At One Ventures, Fifth Wall, Alumni Ventures, Earth Venture Capital, Myriad Venture Partners, and other investors.
- Terradot: a carbon removal service provider, has raised $54m in Series A funding from Microsoft’s Climate Innovation Fund, Google, Cisco, Floodgate, Kleiner Perkins, and other investors.
- Triton Anchor: a company that develops anchors for offshore wind turbines, has raised $2m in Seed funding from MWNW Consulting Group, Active Impact Investments, Katapult Ocean, Massachusetts Clean Energy Center, OS Impact Investment, and other investors. They have also raised $4m in Grant funding from National Offshore Wind Research and Development Consortium (NOWRDC).
- Verde Clean Fuels: a low-carbon renewable gasoline developer, has raised $50m in Post-IPO Equity funding from Cottonmouth Ventures.
- Zuri: an eVTOL aircraft manufacturer, raised $3m in Seed funding from Pale Fire Capital, 10X fund, and other investors.
These investments signal industry traction - if you would like to learn more about any of the innovators in this article, you can contact a Darcy researcher or request an update via their Storefronts. See you next week to learn more about where VC's money is flowing!
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