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Latest VC investments in clean energy technologies
Insight • Updated May 11, 2023
Check out this week's VC investments in companies and startups in the energy space!

Jonathan Garcez

Darcy Partners

Find below a list of VC investments in the following Innovators:

  • Altris: a company specialized in producing sodium-ion batteries, raised $5M in Bridge funding.

  • Avalanche Energy: a compact fusion reactor developer, raised $40M in Series A funding from Lowercarbon Capital, Founders Fund, Toyota Ventures, Congruent Ventures, Climate Capital, Autodesk, Grantham Environmental Trust, MCJ Collective, and Clear Path.

  • Bend: a financial technology company that introduced a modern corporate card built for climate-friendly business, raised an undisclosed amount in Seed funding.

  • BluSmart Mobility: a company providing an electric shared smart mobility platform, raised $37M in Series A funding and $5M in debt financing from BP Ventures and Survam Partners.

  • BrainBox AI: a company focused on developing autonomous building technologies, raised $20M in Series A funding from ABB and Government Of Quebec.

  • Carbon Capture Scotland: a company specialized in carbon capture from organic processes, raised an undisclosed amount in Seed funding from Steyn Group.

  • CarbonChain: a supply chain emissions tracker company, raised $10M in Series A funding from Union Square Ventures and Voyager Ventures.

  • Chemix: a company that developed an AI-based EV battery development platform, raised $10M in Seed funding from Ibex Investors, Mayfield Fund, and Radical Ventures.

  • ecoplanet: a company that provides a B2B energy platform to analyze electricity values and derive recommendations for action, raised $3M in Seed funding from Gerhard Cromme and HV Capital.

  • Energy Dome: a provider of long-duration storage using liquid CO2, raised $44M in Series B funding from Neva SGR, Eni Next, Novum Capital Partners, Japan Energy Fund, Invitalia, Elemental Excelerator, CDP Venture Capital, Barclays Sustainable and Impact Banking, and 360 Capital.

  • H Cycle: a low-carbon hydrogen developer, raised an undisclosed amount in Series A funding from Azimuth Capital Management.

  • Kazam: an EV charging management software provider, raised $4M in Series A funding from Avaana Capital, We Founder Circle, Inflection Point Ventures, and Third Derivative.

  • Luup: an e-scooters and e-bikes provider, raised $34M in Series D funding from Spiral Capital, SMBC Venture Capital, ANRI, Mitsubishi UFJ Capital, 31Ventures Global Innovation Fund 2, GMO Internet Group, i-nest capital, Green Coinvest, and Chishima Real Estate.

  • Navitas Solar: a solar module manufacturer, raised $5M in Growth funding from Lemon Emerging Ventures and Parishi Diamond Group.

  • Ohmium: a manufacturer of PEM electrolyzers for green hydrogen, raised $250M in Series C funding from TPG Rise Climate, Hanover Technology Investment Management, Fenice Investment Group, and Energy Transition Ventures.

  • Redaptive: a energy-as-a-service provider that funds and installs energy-saving and energy-generating equipment, raised $50M in Growth funding from Linse Capital.

  • Reverion: a provider of biogas power plants, raised $9M in Seed funding from Doral Energy-Tech Ventures, Extantia Capital, Green Generation Fund, LANDWÄRME, and UVC Partners.

  • Selex Motors: an electric motorcycles producer, raised $3M from ADB Ventures, Sopoong Ventures, Touchstone Partners, and Schneider Electric.

  • SMPnet: a technology provider offering an advanced suite of smart solutions to support efficient energy transition and flexible control of energy systems, raised $1M in Seed funding from Marathon Venture Capital.

  • Sniffer Robotics: a company offering a wide range of drone-based services for methane emission detection, raised $2M in Seed funding from Michigan Angel Fund.

  • Solar Ladder: a company that developed  a full-stack supply chain platform for Solar Installers, raised $1M in Seed funding from Aditya Bandi, Axilor Ventures, Deepak Jain, DevCo Partners, Subin Mitra, Titan Capital, and Varun Alagh.

  • Spacedrip: a company that developed wastewater treatment and reuse systems for urban and off-grid applications, raised $2M in Venture funding from Eigenkapital, Kuldar Väärsi, Taavi Veskimägi, and Vestman Energia.

  • Span.io: a home energy devices company, raised $96M in Series B funding from Wellington Management, Congruent Ventures, Capricorn Investment Group, Qualcomm Ventures, Fifth Wall, Munich Re Ventures, A/O PropTech, and Amazon Alexa Fund.

  • Swobbee: a micromobility battery swapping company, raised $2M in Series A funding from SpeedUp Energy Innovation and Clean Future Dividend Fund.

  • UniSieve: a molecular membrane solutions company, raised $5M in Seed funding from Amadeus APEX Technology Fund, Ciech Ventures, Zürcher Kantonal Bank, and Wingman Ventures.

  • Verlume: an developer of subsea battery storage for offshore energy, raised $9M in Seed funding from Scottish National Investment Bank and Par Equity.

  • Virta: an EV charging platform, raised $93M from Future Energy Ventures, Helen Ventures, Jolt Capital, Kotkan energia, Lahti Energia, Tesi, Vantaan Energia, Vertex Growth Fund, Business Finland.

  • Xlinks: a renewable electricity connection infrastructure developer, raised $37M from Octopus Energy and TAQA.

See you next week to learn more about where VC's money is flowing!

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