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Updated May 7, 2025
Check out this week's VC investments in companies and startups in the energy space!
Julieta Vidal
Darcy Partners
Find below a list of VC investments in the following Innovators:
- Forge Nano: a surface engineering and precision nano-coating technology developer, raised $40m in Growth funding from Ascent Hydrogen Fund, RockCreek, Orion Infrastructure Capital, and Top Material.
- Hy2gen: a green hydrogen developer, raised $54m in PF Equity funding from Hy24, BenDa, and Technip Energies.
- indiGO Technologies: a custom electric vehicle platforms and propulsion systems developer, raised $54m in Series B funding from FM Capital, FedEx Corporation, and Foxconn Technology Group.
- iwell: a smart battery systems and energy storage solutions that integrate with solar panels and energy management platforms developer, raised $31m in Series A funding from Meridiam, Invest-NL, and Rabobank.
- Kofa: a modular electric batteries and a battery swap network for electric mobility developer, raised $3m in Seed funding from E3 Capital, Injaro Investments, and Richard Thwaites.
- Near Space Labs: a provider of aerial imagery and earth observation services using high-altitude robots delivering detailed geospatial, raised $20m in Series B funding from Bold Capital Partners, Climate Capital, Crosslink Capital, Draper Associates, Gaingels, and other investors.
- Remora: a direct carbon capture technology developer for long-haul trucks, raised $117m in Series B funding from Valor Equity Partners, Lowercarbon Capital, Union Square Ventures, and Y Combinator.
- Utilidata: a real-time software solutions and machine-learning to the next generation of smart meters developer, raised $60m in Series C funding from Renown Capital Partners, Keyframe Capital Partners, NVIDIA, and Quanta Services.
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!