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Updated June 18, 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:
- Crusoe: a developer of a flare mitigation solution that converts natural gas into electricity to power energy-intensive data centers at the wellsite, raised $750m in Debt funding from Brookfield Asset Management.
- ENVGO: an electric hydrofoiling boat combining aerospace-grade engineering and AI-powered autonomy, raised $2m in Seed funding from Two Small Fish, Garage Capital, and Waterloo Venture Group (WVG).
- Fervo Energy: a next-generation geothermal developer that commercializes proprietary technology to own, develop, and operate geothermal assets as the dispatchable foundation for a 100% clean energy future, raised $106m in Debt funding from Mercuria and X-Caliber Rural Capital, and raised $100m in PF Equity funding from Breakthrough Energy Catalyst.
- Kazam: a software development company offering a platform for EV charging management for electric vehicle fleets, chargepoint operators and charging stations manufacturers, raised $6m in Series B funding from Vertex Ventures, Avaana Capital, and Chakra Growth Capital.
- Proxima Fusion: an optimized stellarator fusion reactors designer, raised $149m in Series A funding from Balderton Capital, Cherry Ventures, Bayern Kapital, Club degli Investitori, DeepTech & Climate Fonds (DCTF), and others.
- Vecmocon Technologies: a developer of electric smart vehicles designed to provide services like core electric vehicle subsystems, motor controllers and vehicle communication and integration modules, raised $18m in Series A funding from Ecosystem Integrity Fund, Aavishkaar Capital, Blume Ventures, and British International Investment (BII).
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!