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Updated September 12, 2023
Check out this week's VC investments in companies and startups in the energy space!
Camila Casamayor
Darcy Partners
Find below a list of VC investments in the following Innovators:
Ascend Elements: a lithium-ion battery materials and recycling platform, raised $542M in Series D funding from Temasek Holdings, Qatar Investment Authority, Decarbonization Partners, Tenaska, Mirae Asset Global Investments, and other investors.
Lumen Energy: a clean energy platform for commercial buildings, raised $11M in Series A funding from Ajax Strategies, Lowercarbon, Designer Fund, Nuveen, and Bridge Investment Group.
Lydian: an electrofuels developer, raised $12M in Series A funding from Congruent Ventures, Galvanize Climate Solutions, Grok Ventures, Voyager Ventures, Union Square Ventures, and other investors.
Nuventura: a developer of sulphur hexafluoride (SF6)-free switchgear technologies, raised $28M in Series A funding from Mirova, FORWARD.one, EIC Fund, IBB Ventures, ADB Ventures, and other investors.
Okra Solar: a Sydney, Australia-based solar home systems provider for electrifying off-grid households, raised $12M in Series A funding from At One Ventures, Susquehanna Private Equity Investments, King Philanthropies, FMO, and Autodesk Foundation.
Opna: a project financing platform, raised $7M in Seed funding from Atomico, DBT Labs, Pale Blue Dot, MCJ Collective, Angelinvest, and other investors.
Ostrom: a digital energy solutions provider, raised $8M in Series A funding from SE Ventures, Union Square Ventures, Übermorgen Ventures, J12 Ventures, and Adjacent.
Polarium: an energy storage system manufacturer, raised $48M from Vargas Holding, AMF and Alecta.
Spiritus: a direct air capture developer, raised $11M in Seed funding from Khosla Ventures and Page One Ventures.
VOOL: a Tallinn, Estonia-based home EV charging provider, raised $3M in Seed funding from Specialist VC and Grant funding from the Estonian Government.
See you next week to learn more about where VC's money is flowing!