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.
"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%
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
SOURCE Elemental Excelerator
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