Published by Todd Bush on November 2, 2022
HONOLULU and EAST PALO ALTO, Calif., Nov. 2, 2022 /PRNewswire/ -- Elemental Excelerator, a climate tech investor for more than a decade, today announced its 11th cohort of investments. These 17 industry-leading technology companies enable system-wide decarbonization, support communities to become more climate resilient and redesign built environments, bringing Elemental's portfolio – one of the most robust climate tech portfolios in industry – to a total of 151 startups.
>> In Other News: Nearly All Companies Will Miss Net Zero Goals Without At Least Doubling Rate of Carbon Emissions Reductions by 2030, Accenture Report Finds
"Today we welcome 17 teams working to redraw the big picture around our largest-emitting sectors and meaningfully collaborate with communities tackling climate change," Elemental Founder & CEO Dawn Lippert said. "Entering our second decade of climate investing, we are betting on entrepreneurs tackling major sources of emissions -- like shipping, air conditioning, transportation and construction -- and working with every company to deploy successfully in local communities."
Elemental has one of the most robust climate tech portfolios in the industry and an exit rate of 17%
Highlights:
With this latest cohort of 17 climate tech companies, Elemental's portfolio now includes more than 150 startups, with 26 having celebrated exits
Elemental's 11th cohort
Now in its 2nd decade of investment, Elemental has one of the most robust climate tech portfolios in industry and an exit rate of 17% as a proven track record
This new group tips Elemental's total number of portfolio companies above 150. To date, Elemental's work has led to more than 119 primarily first-of-a-kind climate tech projects spanning 16 countries and this year expands by adding companies from India and Mexico to its portfolio. Notably for Cohort 11, Elemental is diving deeper into technologies in maritime, ports, air conditioning and affordable housing.
"Our communities and climate need zero-emission solutions for heavy duty goods movement -- and Forum's goal is to make it simple, reliable and cost-effective for fleets and drivers. It's a complex challenge, and as much as we benefit from Elemental's deep experience, we're also enjoying working in concert with the broader Elemental ecosystem of amazing entrepreneurs," Forum Mobility CEO Matt LeDucq said.
Elemental's investment model is distinct from conventional investment in that it has centered impact and communities from its inception. It was built to ensure that massive incentives for innovation translate into commercialization and community impact that benefit communities and tech builders alike. With 26 exits to date and an exit rate of 17%, Elemental has a proven track record demonstrating the scalability of this approach. Including Cohort 11, Elemental has now awarded more than $57M to its portfolio, and those companies have gone on to raise $7B in follow-on funding. Every dollar Elemental has invested has catalyzed more than $100 in follow-on investment across the portfolio.
Elemental Excelerator is a leading non-profit investor focused on scaling climate solutions and social impact for all communities. Elemental fills two gaps that are fundamental to tackling climate change: funding first-of-a-kind projects for climate technologies in real communities, and embedding equity and access into climate solutions.
Photos, logos, fact sheet: Link
Contact: Tom Biro
(862) 485-0711
[email protected]
SOURCE Elemental Excelerator
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 💰 Gevo Sells Carbon Credits from North Dakota Asset ⚡ US Companies CPS Energy, Modern Hydrogen Agree to Work on Clean Power Generation Project ✈️ ESAF Takes Flight: Power-to-Liqu...
Inside This Issue 💰 Gevo Transforms Carbon Waste Into Market Gold 🛫 CADO and 4AIR Harmonize SAF Registries for Commercial and Business Aviation 🌊 Vortex Energy Receives Government Approval for Amb...
Inside This Issue 🌎 US Carbon Capture Race: $77B Industry Shifts Global Balance 🛠️ NETL Releases Tool To Calculate Costs of Geologic Carbon Storage Projects in the Gulf of America ✈️ Avia Solution...
SLB Awarded Carbon Storage Contract for Northern Endurance Partnership Project in UK
Global energy technology company SLB (NYSE: SLB) has been awarded a technologies and services contract for carbon storage site development in the North Sea by the Northern Endurance Partnership (NE...
SANTA MONICA, Calif. & HOUSTON—Carbon Ridge, a leading developer of onboard carbon capture and storage solutions for the maritime industry, has achieved a shipping industry first with the succe...
Decarbontek Launches Commercial Production and Sale of Breakthrough Low-Cost MOF for Carbon Capture
BOSTON--Decarbontek, Inc., a leader in carbon capture and removal technologies, today announced the commercial availability of DCF-1 (De-Carbon Framework -1), a groundbreaking, low-cost, high-perfo...
Amogy, a provider of scalable and efficient ammonia-to-power solutions, today announced a landmark partnership with GreenHarvest, a Taiwan-based renewable energy firm, to deploy the first-ever ammo...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.