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Updated January 15, 2025
Check out this week's VC investments in companies and startups in the energy space!
Olivia Suarez Cantero
Darcy Partners
Find below a list of VC investments in the following Innovators:
- Advanced Ionics: a green hydrogen electrolyzers developer using heat from industrial processes, raised $7m in funding from Argosy Foundation, Clean Energy Venture Group, JERA, Lummus Technology, and bp Ventures.
- Afryen Neoxy: a biotech company developing innovative solutions for the production of high value-added biobased compounds, raised $10m in Debt funding from BNP Paribas, Banque Populaire Auvergne Rhône Alpes, and Société Générale.
- BluSmart: an electric shared smart mobility platform for efficient, affordable, intelligent, and sustainable transportation, raised $50m in Series B funding from 100Unicorns, Green Frontier Capital, JITO Angel Network, MS Dhoni Family Office, Mayfield India Fund, and other investors.
- Gridware: a grid inspection technology provider that continuously monitors for possible changes that could affect the quality of the grid’s performance or ignite wildfires, raised $26m in Series A funding from Sequoia Capital.
- Karman Industries: an electric heat pump developer helping global enterprises significantly reduce manufacturing costs and onsite Scope 1 emissions, raised an additional $8m funding from 8090 Industries, Riot Ventures, Space VC, and Wonder Ventures.
- Qvantum: an electric heat pumps developer for the next generation heating and cooling technologies that enable building decarbonization, raised $112m in Series C funding from Climentum Capital, DIG Investment, IMAS Foundation, Munters, 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!