Our daily look at M&A, funding and financial developments in the #sustainability market. Updates for Friday, September 6, 2024 include: 1. Financial Services: The Asian Development Bank (ADB) has approved a new goal to devote 50% of its annual lending to #ClimateFinance by 2030, Reuters reported. 2. Accelerator - MSP Software: PC Powersave, an #MSP software platform for #EnergyManagement led by Daniel Ellis, is one of three finalists in the #PitchIT2024 Accelerator Program from ConnectWise. Winners will be announced during the #ITNation Connect 2024 conference in Orlando, Florida. 3. Sustainable Mobility: A The Company Lab (CO.LAB) and TennSMART announced four winners of the Sustainable Mobility Reverse Pitch Challenge. The honorees included: - #BrdgTRK (Chattanooga, TN): Provides a cloud-based hardware solution that gives users end-to-end visibility of shipping goods in real time. - Ganaio (El Cajon, CA): Developer of a patented hardware solution that extends the driving range of electric vehicles. - #Minco Technology Labs (Austin, TX): Provides flexible fuel cell propulsion that has a lower cost of ownership than legacy propulsion systems. - #Naycel (Lake Mary, FL): Decarbonizes the battery supply chain by converting carbon gas into responsibly manufactured critical battery graphite materials. 4. M&A - Sustainability Intelligence Platform: EcoVadis has acquired Ulula, a human rights technology and analytics company "aiming to improve working conditions across global supply chains." See all the details here: https://lnkd.in/eaXzu-6F #MSP #ChannelPartners #Startups #Sustainability #NetZero #CarbonReduction #Incubators #Accelerators #MergersAndAcquisitions
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[From BSSC's Partner] 🌍 We’re thrilled to announce our partnership with Beta-i! Beta-i is supporting Free Electrons now, and this global initiative connects startups with international utilities, offering them an opportunity to co-create and scale joint solutions, tackling critical energy challenges. Why join Free Electrons? Accelerated product development: Develop your solution with real-time feedback from utilities, reducing time to market. Risk reduction for market entry: By developing and pilots with the 7 global utility partners you can mitigate the risk of entering new markets, benefiting from the safety net of direct collaboration with trusted partners. Long-term partnerships: Build lasting relationships with utilities for long-term growth and scalability. 👉 Discover more about Free Electrons and explore how your startup can benefit: [Free Electrons Website URL] or directly apply here #FreeElectrons #Innovation #EnergyTech #BetaI #StartupGrowth #Scaling
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📢 Skytree acquires ReCarbn to solidify technological dominance 📢 We’re thrilled to announce that Skytree has acquired ReCarbn, a Dutch startup renowned for its innovative advancements in Direct Air Capture (DAC) technology. This marks a significant step in our journey to scale and commercialize DAC solutions and address the global climate crisis. ReCarbn’s pioneering innovations in filtration and sorbent circulation technologies will be integrated into Skytree’s DAC portfolio, further enhancing the efficiency and scalability of our solutions. This acquisition also strengthens our R&D capabilities and accelerates our path toward capturing 10 million tonnes of CO₂ annually by 2030. Just as exciting, we welcome ReCarbn’s talented co-founders — Guus Dubbink, Ewout Ruijs, and Sophia Hummelman — to pivotal roles at Skytree. Their expertise in R&D, strategy, and business finance will be instrumental as we work toward scaling our technology worldwide. ReCarbn’s technology and talent will help us push the boundaries of DAC and deliver cost-effective, scalable, and impactful solutions. Together, we’re united by a shared mission to create a carbon-negative future. Thank you to the entire ReCarbn team for their dedication to innovation and to our team at Skytree for making this next chapter possible. Read the full press release for more information: https://bit.ly/4iAEMFD
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🚀 AC Ventures News Updates 🚀 Swipe through to catch the latest insights and updates from the world of tech and investment! From Adrian Li’s take on Southeast Asia’s tech M&A landscape to exciting developments with AC Ventures-backed companies, we’ve got you covered. 🔔 Stay updated by subscribing to our newsletter, delivered straight to your inbox: https://bit.ly/ACV-Updates #technews #investmentupdates #southeastasia #solarenergy #cleantech #electricvehicles #indonesia #startupnews #innovation #businessupdates
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‼️Funding and support to help businesses be investment and market-ready - applications open until 19 March 2025. Mobilise, delivered by Zenzic and Advanced Propulsion Centre UK (APC), is a structured early-stage accelerator programme to support micro, small and medium-size enterprises, start-ups or university spinouts, that are developing early-stage, Connected and Automated Mobility (CAM) or automotive related zero-emission technologies, products, services or solutions to accelerate the transition to a safer, smarter, more sustainable future. Find out more here: https://lnkd.in/evyM-Q7U
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🚀 The partnership between #FUCHS and E-Lyte - Solutions to power the future! is redefining the landscape of e-mobility! As a global player and a dynamic startup, we’re combining our expertise to tackle critical challenges in new mobility. Using advanced fluids such as thermofluids and electrolytes, we’re working directly on the essential component of lithium-ion batteries. Together, we’re not just advancing technology—we’re accelerating the shift toward a zero-emission future. #MOVINGYOURWORLD
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Digital technologies are opening the door to new financing models and improving the effectiveness of more established models for start-ups and SMEs 💵 This blog explores the emergence of receivables financing for #climate tech ventures in LMICs 👉 https://bit.ly/4b5GZ7J #UKAid
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“Build a business, not a technology” Sounds easy enough, but it’s always a good reminder. One of the many lessons learned at Decarb Tech Invest #DCTI24 last week in Boston, bringing together stakeholders across industrial incumbents, startups, government and investors across the different funding tickets. I absolutely loved how grounded the sessions were - the discussions were not on pie-in-the-sky, futuristic projects, but rather industrial developments that are scalable and economical today. Some of my take-aways: ⏰ Industrial companies need plug-and-play decarb tech now, and are focussing on existing technologies for the 2030 horizon. For 2050, also lower TRL technologies are considered, provided there is a clear path for scalability and cost-down 🤝 Tapping into existing customers, demand, infrastructure, suppliers and stakeholders can help accelerate uptake of decarb technologies - always make sure you fully understand the complex industry you are operating in 💵 Projects need to rely on more than just carbon credits - it can be a great additional revenue stream, but the landscape is too uncertain to build a full business case on them. This favours carbon utilization over purely sequestration. 📈 There is a missing middle between Venture and Infra Capital: Growth. Building a First-of-a-Kind plant doesn’t just need finance, it also needs committed offtakers. This is a place where corporate VC can play a critical role, as both funder and customer. ⏭ Switch to the next stage as early as possible. Before you fully finished tests in the lab, think about what your first pilot looks like. Before you start building the first pilot, have a basis of design for your first commercial plant etc. Thanks for the inspiring insights from the terrific panelists! Alex Cameron Claude Vachet David Yeh Deanna Zhang Eric Maltzer Greg Bohannon Ian Kuhlenthal Jeff Johnson Joe Lawton Josh Nycholat Kerri Fox Matt Lucas Michael Campos Francis O'Sullivan Wim Reyntiens and many others #FOAK #decarbonization #energytransition #investment Decarb Connect
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METRON has successfully closed a €12.5M funding round, led by the German GET Fund along with BNP Paribas, Climate Investment (CI), and Vertigo. The French cleantech company plans to leverage this funding to accelerate its growth strategy, expand its international presence, and further assist global industrial groups in achieving measurable decarbonization goals. Lucy Adams | Tech.eu https://lnkd.in/g6GWvRBj #CleanTech #Sustainability #ESG
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Good news! We have chosen 10 innovative startups for the Powered program after an inspiring selection process. 🤝 These startups will help to accelerate the energy transition within the domain of better grid utilization. Over the next 10 weeks, these startups will build a proof of concept to test their solution in our practice! Yesterday we had the honour to welcome them at hour office into the program. Meet the startups: Domein 1 - Dynamic Customer Demand Forecasting ⚡ NECTAWARE ⚡ Tilt ⚡ Ogre AI Domein 2 - Enabling Energy Hubs ⚡ Advanced Infrastructure ⚡ Civitas Energie ⚡ Skoon Energy Domein 3 - Real-time Grid Monitoring ⚡ PhotonPath ⚡ Zaphiro Technologies ⚡ gridhound GmbH ⚡ Energiot Read more on Powered: https://lnkd.in/ehuYZwsg #Powered #EnergyTransition #StartupEcosystem #CorporateStartupCollaboration #CorporateInnovation
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🚀 Welcome to the Industrial Vanguard: Charting the Future of Industrial Tech 🏗️⚙️ We’re thrilled to launch the first volume of the Industrial Vanguard Newsletter: a curated lens on the technologies, companies, and trends reshaping the industrial world. In this inaugural edition, we dive into: 🌐 Emerging trends shaping the future of industrial tech. 💡 Innovative companies leading the charge in areas like automation, advanced manufacturing, and AI-driven solutions. 📈 The opportunities (and challenges) for investors navigating this sector. Whether you're a startup founder, investor, or industry leader, this newsletter offers insights and fresh perspectives to stay ahead in the dynamic world of industrial innovation. #IndustrialTech #VentureCapital #Innovation #FountainheadFund https://lnkd.in/gYrgWgQt
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Thank you, STP, for featuring Ganaio in the latest sustainability market update. We're proud to be recognized alongside such innovative peers in the Sustainable Mobility Reverse Pitch Challenge. Congrats to all the honorees! #SustainableMobility #Innovation #CleanTech