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Update on Venture Capital Investments in Clean Technology
Insight
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Updated September 6, 2022
Check out this week's VC investments in companies and startups in the energy space
Alex Airala
Darcy Partners
Power & Utilities
Sustainability
Methane Emissions
Renewables & Energy Storage
Water, Waste, Spills
Find below a list of VC deals done on the past week:
- Ascend Elements a lithium-ion battery recycling and materials company. Ascend raised $50m from SK Group.
- Blue World Technologies developer of methanol fuel cells, raised $37m in Series B funding from Breakthrough Energy Ventures, Vaekstfonden, and DEUTZ AG.
- Cellfion a company that developed ion-selective membranes for electrochemical energy and conversion devices, raised $1.3m in Seed funding from Voima Ventures, LIU Invest, KTH Holding, Klimatet Invest, and Almi Invest GreenTech.
- Convalt Energy a company that has a panel portfolio for utility-scale solar, rooftop solar, and builds integrated panels, is going public via SPAC GigInternational1.
- Direct-C offers a polymer nano-composite platform technology for use in leak detection in the upstream and midstream oil & gas sectors. Direct-C has raised $3.9m in Series A funding from Henkel and GreenSky Capital.
- GreenTrade a blockchain-based carbon credit and impact claims marketplace, raised $750k in Pre-seed funding from Cerulean Ventures, Flori Ventures, Draft Ventures, and Allegory Labs.
- Pixxel a space data company, building a constellation of hyperspectral earth imaging satellites and the analytical tools to mine insights from that data, raised an undisclosed amount of funding from Accenture Ventures.
- Populus a comprehensive digital solution that empowers cities to manage their streets, and develop data-driven policies with access to data from mobility operators (shared bikes, scooters, and cars), raised $11m in Series A funding from Zero Infinity Partners, Climactic VC, Comcast Ventures, Precursor Ventures, and FootPrint Coalition.
- Recurve provides resource planning, fleet management, and a ledger for tracking the performance of demand side energy assets at scale. Recurve raised $18m in Series B funding from Calpine Energy Solutions, Quantum Energy Partners, Toshiba Energy Systems and Energy Foundry.
- SparkCharge makes portable modular ultra fast charging units for electric vehicles, raised $7m in additional Series A funding from Cleveland Avenue.
- Wattics an energy and IoT analytics platform for global firms to tackle sustainability, energy-saving & green certifications, was acquired by EnergyCap, a State College, PA-based provider of energy and sustainability ERP software.
- Zanskar, a company providing an AI platform for geothermal discovery designed to identify and de-risk new geothermal resources, raised $12m in Series A funding from USV, Lowercarbon, Munich Re Ventures, Safar Partners, Grantham Foundation, and First Star Ventures.
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