Wingcopter, a startup out of Germany that has made a name for itself in the world of delivery drones used primarily for delivery of medicine and other goods to remote areas, has picked up some more financing to expand its business. The European Investment Bank is putting €40 million (close to $44 million) into the
GreenTech
Helion, the clean energy company with its eye firmly on the fusion prize, announced a couple of years ago that it had secured $2.2 billion of funding to help it develop cleaner, safer energy at a commercial scale in November 2021. Today, it is starting to reap the fruits of its labor, announcing an agreement
Last year, climate tech seemed to be invincible while the venture capital and startup worlds were fretting about a downturn and scrambling to conserve cash. Climate tech investors and founders in 2022 may not have hit the heights of 2021 but they didn’t drop off a cliff either. In the first quarter of the year,
Dutch startup Farmless has today announced that it has raised a €1.2 million pre-seed equity round at an undisclosed valuation to bring to our tables proteins created without the need for traditional farming operations. The climate crisis means that it has never been more pressing to develop alternative food sources in order to both protect
Electric boats are still a rarity on America’s waterways, but everyone seems to agree they represent a cleaner, quieter future for our lakes, rivers, and coastal waters. Navier has moved impressively quickly from idea to prototype to production boat, and the startup is now touring the west coast, winning admirers in high places who hope
Tesla officially broke ground Monday on a Texas lithium refinery, making it the only U.S. automaker to refine its own lithium. CEO Elon Musk said the refinery will produce enough battery grade lithium for 1 million electric vehicles by 2025, which would make Tesla the largest processor of lithium in North America. Tesla will continue
Casey Handmer is not intimidated by very large quantities. Trillions of acres. Thousands of gigawatts of solar power. A billion metric tons of carbon. His startup, Terraform Industries, aims to operate at these ambitious scales. The company wants to turn hydrogen and atmospheric carbon into synthetic natural gas at scale. It’s more than a little
Frontline is the latest startup grabbing VC dollars with a $6.4 million seed round Rebecca Szkutak 7 hours Wildfires, and the damage they cause, are a growing problem. The U.S. saw more than 66,000 wildfires in 2022 alone, and while many think of these natural disasters as largely a California problem, they burn all across
No doubt that Rick Fox has had plenty of emotional moments in his life. There was the birth of his children, of course, and as a member of the Los Angeles Lakers in the early 2000s, he won three NBA championships. But last week, it’s clear that his third act — that of a startup
When the SEC announced that it planned to require companies under its purview to disclose their climate-related risks and emissions, plenty of companies started publicly clutching their pearls. Tracking down the extent of their pollution would simply be either too expensive, too difficult or both, they said. No surprise there: Companies strike a similar tone
“Batteries are hard,” an expert once said. He wasn’t kidding. Designing and manufacturing pouches, slabs or cylinders filled with volatile chemicals that are capable of recharging ever more quickly is far from easy. Just ask LG, which had to pay GM nearly $2 billion for a costly manufacturing defect that saw every Chevy Bolt recalled.
States have taxed motorists at the pump for more than a century. Yet, as electric cars gain ground, what happens when folks stop refueling altogether? State lawmakers are increasingly imposing annual fees on EV owners, arguing they should pay up because they still rely on public infrastructure to get around. Texas is on track to
The future is very much yet to be written about vertical farming. In many ways, the technology presents hope in the midst of rising food safety concerns, aging populations and potential environmental collapse. It’s also an intensely hard row to hoe, as it were. Early companies in the space are going to be the ones
Every day, strong gusts off the North Atlantic buffet hundreds of wind farms in Ireland, generating so much energy that owners often have no one to sell it to, forcing them to dump otherwise useful power. “12 to 14% of our potential generation goes into surplus. In Northern Ireland, it’s at 18%,” said Derek Roddy,
Everything you buy and every service you pay for pollutes. In the case of a coffee, it might be a little. In the case of a Chevy Suburban or a flight to Durban, it might be a lot. Exactly how much, though, isn’t easy to determine. That’s in part because hardly any companies comprehensively track
About two-dozen venture capital firms say they are teaming up to “build a robust movement” in the VC business to combat the climate crisis. The group calls itself the Venture Climate Alliance, or VCA. The coalition counts well-known tech investors, including Kleiner Perkins, Tiger Global and Union Square Ventures as members, and said in a
Data is becoming as precious as water in precision agriculture, and Hydrosat aims to help provide both with a new set of Earth observation satellites. The company has raised a $20M A round, including $5 million in non-dilutive funding, which should put the first two thermal infrared satellites into orbit. The company’s mission is to
Picture this: Fast-growing startup raises a high eight-figure round. Then, a year later, it decides to raise another. Investors line up, and this time they pledge more money while giving the company a healthy valuation bump. What’s wrong with this picture? It’s 2023, a year in which plenty of investors have rolled up the welcome
A newish leadership team is taking over at Arcimoto, a Eugene, Oregon–based startup that makes doorless, three-wheeled electric vehicles. On Thursday, the company said that board member Chris Dawson will step in as CEO, replacing interim CEO Jesse Fittipaldi. Arcimoto added that Fittipaldi will stick around as president and report to Dawson going forward. Two
The Arctic is melting, while hurricanes, blizzards and heat waves leave millions of people and animals in disarray. Lisa Lambert, the head of National Grid’s CVC National Grid Partners, told TechCrunch+ that environmental and social concerns should be top of mind right now for any smart investor. “Not because it’s the right thing to do,
Congruent Ventures new fund bucks the trend of venture pullback, suggesting continued confidence in climate tech Tim De Chant 8 hours Climate tech may have started the year with a down quarter, but don’t count it out just yet. Amid a backdrop of depressing figures from much of the venture capital sector, climate tech deals
What do you do when the lights go out? When the snow became too much for the power lines as a kid, I remember candles and Primus stoves. In today’s world of high-tech electrification, we’re going in a slightly different direction and Dabbsson today announced its new Portable Home Backup Power Ecosystem, which harnesses the
Taiwanese two-wheeler battery swapping company Gogoro has a plan to give energy back to Taiwan’s electrical grid and make money while doing it. The company is partnering with Enel X, an energy services provider, to integrate 2,500 of its GoStations in Taiwan into Enel X’s Virtual Power Plant (VPP). A VPP is a collection of
The United States Treasury updated its list of electric vehicles eligible for a $7,500 EV tax credit per its new rules for battery sourcing, and BMW, Nissan, Rivian, Hyundai, Volvo and Volkswagen are no longer on it. The new requirements will go into effect Tuesday, and they’ll also cut credits for the Tesla Model 3
Noya’s pitch a few years ago was pretty straightforward: lower the cost of capturing carbon dioxide from the atmosphere by using existing industrial cooling towers, which are pretty much everywhere. Noya would inject its special carbon capture compounds into the tower’s water supply and after the water had done its cooling work, remove the carbon
A slew of new funds indicate potential for dedicated pools for climate startups Annie Njanja 7 hours Venture capital activity around climate tech has been heating up in Africa despite the global VC funding cooldown. The continent’s climate tech startups secured over $860 million in equity funding, largely driven by clean energy technologies, representing 3.5x
There’s a long list of things corporations can do to lessen consumer electronics’ environmental impact. Making systems easier to repair is up there, along with encouraging device recycling and updating manufacturing and supply chain processes. Utilizing recycled material in the devices themselves is a big piece of this puzzle, as well — it’s good publicity
Opportunities abound as new rules push EVs to the forefront Tim De Chant 7 hours If there was any question as to whether the Biden administration is serious about the electrification of the U.S. economy, this week’s announcement of new automotive emissions regulations should put that to rest — along with any doubts investors have
But first it’ll have to prove its business model Tim De Chant 9 hours We’ve spent the last century and a half pumping carbon dioxide into the atmosphere, and it’s clear that we’ll have to spend the coming decades removing a significant fraction of that. But then what do we do with it all? Some
When the financial markets go all wobbly, conservative investors turn to scarce resources that are unlikely to plummet in value, including things like silver, gold, palladium and platinum. Diamond Standard wants to add diamonds to that list and has created a blockchain-based system to create tokens that gives investors access to diamonds, much like how
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