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Updated February 5, 2025
Check out this week's VC investments in companies and startups in the energy space.
Julieta Vidal
Darcy Partners
Energy Transition
Industrial Decarbonization
Oil & Gas
Power & Utilities
Sustainability
Find below a list of VC investments in the following Innovators:
- Helion Energy: a fusion energy company with the mission to build the world's first commercial fusion powerplant, raised $425m in Growth funding from Capricorn Investment Group, Good Ventures, Lightspeed Venture Partners, Mithril Capital Management, Nucor Corporation, and other investor.
- VEIR: a superconductors electricity transmission manufacturer, raised $75m in Series B funding from Munich Re Ventures, Breakthrough Energy Ventures, Congruent Ventures, Dara Holdings, Engine Ventures, and other investors.
- Smart Wires: a provider of advanced power flow control (APFC) and dynamic line rating (DLR) technologies, raised $65m in Growth funding from BP Energy Partners and Keystone Group.
- EARTH AI: an AI-driven prospect detection, modular hardware, and streamlined operations to scale critical mineral exploration developer, raised $20m in Series B funding from Tamarack Global, Alpaca VC, Scrum Ventures, Sparkwave Capital, Y Combinator and other investors.
- Oxyle: a wastewater treatment service provider, raised $16m in Seed funding from 360 Capital, Axeleo Capital, Founderful, and SOSV.
- Kwetta: an ultra-fast EV charging solution for heavy transport, fleets, and large-scale hubs developer, raised $10m in Series A funding from Blackbird Ventures, Icehouse Ventures, and Virescent Ventures.
- Voltiris: a solar modules for greenhouses developer, raised $5m in Seed funding from 3M New Ventures, EquityPitcher Ventures, and Satgana.
- GridRaven: a grid transmission using dynamic line rating (DLR) developer, raised $4m in Seed funding from 42CAP and Icebreaker.vc.
- On.Energy: a fully-integrated energy storage developer, technology company and asset manager, raised $78m in Project finance funding from BridgePeak Energy Capital and Pathward.
- Mangrove Lithium: a lithium refining technology developer, raised $35m in Corporate Strategic funding from BMW i Ventures, Breakthrough Energy Ventures, Export Development Canada, InBC Investment Corp, Mitsubishi Corporation, and other investors.
- WeaveGrid: a smart charging software, raised an undisclosed amount in Corporate Strategic funding from Hyundai Motor Company and Kia Motors.
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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