Third Derivative

Third Derivative, founded in 2020 and based in Boulder, Colorado, is an accelerator focused on supporting climate-tech startups. It operates as a partnership between the Rocky Mountain Institute and New Energy Nexus, aiming to expedite the commercialization and scaling of technologies that significantly reduce global carbon emissions. The organization provides startups with critical resources, including access to funding, corporate partners, and policymakers, to tackle challenging climate issues in various sectors such as energy, hard science, hardware, and software. Through these efforts, Third Derivative seeks to drive substantial progress in climate solutions.

Ryan Laemel

Principal

20 past transactions

Capture6

Series A in 2025
Capture6 is a company focused on developing and commercializing innovative technologies for removing carbon dioxide from the atmosphere. It employs electrochemical methods to convert seawater into a solution that effectively captures CO2 from the air and deposits it into the ocean, contributing positively to ocean health. By leveraging existing industrial-scale technologies, Capture6 aims to offer scalable solutions for decarbonization, enabling businesses, governments, and communities to reduce their climate gas emissions. This approach not only targets environmental benefits but also seeks to generate profit and improve livelihoods, demonstrating a commitment to both economic and ecological sustainability.

Terran Robotics

Pre Seed Round in 2024
Terran Robotics is a construction company based in Bloomington, Indiana, that focuses on the integration of artificial intelligence and robotics in home construction. The company specializes in automated adobe wall building, utilizing a custom-designed cable-driven robot to create three-dimensional printed homes. This innovative approach enhances traditional earthen building techniques, offering features such as fire resistance and superior sound dampening. By leveraging advanced technology, Terran Robotics aims to significantly reduce housing costs, lower energy expenses, and promote environmentally friendly construction practices.

Blitz Electric Mobility

Seed Round in 2024
Blitz Electric Mobility is a data-driven logistics startup based in Indonesia that specializes in electric vehicle solutions. The company manufactures a range of electric vehicles, including scooters, mopeds, motorbikes, and cars, aimed at enhancing delivery services for enterprises. Blitz provides instant and same-day delivery capabilities, catering to the needs of courier services and domestic tasks. By focusing on a tech-enabled and eco-friendly supply chain, Blitz Electric Mobility aims to revolutionize logistics in Indonesia while promoting sustainable transportation options.

Safearth

Seed Round in 2023
SafEarth Clean Technologies is a company based in India that operates a renewable energy marketplace designed to connect solar installers with customers. By facilitating the installation of solar power systems, SafEarth enables consumers to adopt renewable energy without the burden of upfront costs; they only pay for the energy generated. The company emphasizes quality and compliance by providing access to a team of trained experts who ensure that the solar installations meet international standards. Additionally, SafEarth allows vendors to procure necessary equipment from leading manufacturers, ultimately aiming to reduce reliance on fossil fuels and promote sustainable energy solutions.

Kazam

Series A in 2023
Kazam is a company specializing in IoT-based charging solutions for electric vehicles. It develops smart charging stations and a battery management system designed to simplify the charging process for users. Kazam's Charging Station Management Software features an open software architecture that allows businesses, electric vehicle manufacturers, and fleet operators to easily integrate application programming interfaces with various hardware. This system includes a dashboard for monitoring utilization, cost savings, and environmental impact, enabling users to establish their own charging networks without the need for complex software development.

Wild Microbes

Pre Seed Round in 2023
Wild Microbes is a pioneering microbial platform focused on producing sustainable chemicals, ingredients, and materials. The company specializes in developing new microbial strains through synthetic biology, which allows for the efficient modification and cultivation of microbes. This innovative approach enables Wild Microbes to create a wide range of products, from plastics to proteins, while significantly reducing costs and accelerating the scaling of sustainable solutions. By leveraging its expertise in microbial engineering, Wild Microbes aims to facilitate the adoption of environmentally friendly practices across various industries.

Kelp Island

Pre Seed Round in 2023
Kelp Island manufactures negative emission materials, such as SeaBricks. SeaBrick is a revolutionary new way of building on the ocean that will address challenges of climate change and sustainability. SeaBrick is an interlocking, buoyant, brick system composed primarily of kelp biomass and designed to support the marine sector in the journey to decarbonization.

Terran Robotics

Seed Round in 2022
Terran Robotics is a construction company based in Bloomington, Indiana, that focuses on the integration of artificial intelligence and robotics in home construction. The company specializes in automated adobe wall building, utilizing a custom-designed cable-driven robot to create three-dimensional printed homes. This innovative approach enhances traditional earthen building techniques, offering features such as fire resistance and superior sound dampening. By leveraging advanced technology, Terran Robotics aims to significantly reduce housing costs, lower energy expenses, and promote environmentally friendly construction practices.

MYCL | Mycotech Lab

Seed Round in 2022
Mycotech Lab is a company focused on producing mycelium-based composites that utilize agricultural waste to create sustainable materials. Established in 2012 as gourmet mushroom producers, the team recognized the potential of mushrooms to contribute positively to the environment. Their research began when they identified the challenges associated with mushroom growth bags, which were difficult to decompose. Leveraging partnerships with mycology labs in Indonesia, Singapore, and Switzerland, they transitioned their work from small-scale experiments to pilot production. Mycotech Lab’s composites are designed to be affordable, environmentally friendly, and recyclable, allowing for the creation of durable, lightweight products such as panels, tiles, cabinetry, and other interior applications. The company is dedicated to empowering farmers by transforming agricultural waste into valuable resources.

Renewell

Seed Round in 2022
Renewell, headquartered in Bakersfield, California, specializes in repurposing idle oil and gas wells into gravity-based energy storage systems. Their technology involves lowering a weight connected to a regenerative winch down an abandoned wellbore during periods of low demand, storing potential energy, and raising it back up when demand is high, releasing electricity onto the grid. This innovative approach helps reduce greenhouse gas emissions by transforming inactive oil and gas infrastructure into flexible renewable energy storage solutions.

Power to Hydrogen

Convertible Note in 2022
Power to Hydrogen (P2H2) focuses on advancing hydrogen production through its innovative anion exchange membrane (AEM) electrolyzers. The company’s technology leverages low-cost materials to generate high-pressure, high-efficiency hydrogen directly from renewable energy sources, addressing both technical and economic challenges in the hydrogen sector. By enabling the production of clean hydrogen at a targeted cost of $1 per kilogram, P2H2 aims to facilitate clean transportation, enhance energy storage, and support the decarbonization of industrial processes. Additionally, the technology can produce high-pressure oxygen and has the capability to operate reversibly to generate electricity, thereby creating multiple revenue streams and contributing to a sustainable energy ecosystem.

BasiGo

Seed Round in 2022
BasiGo is an e-mobility start-up focused on transforming public transportation in Kenya and Rwanda by providing electric buses as a sustainable alternative to diesel. The company operates under a pay-as-you-go model, which includes maintenance and battery charging services, facilitating the transition for bus owners to adopt electric vehicles. BasiGo's electric buses are designed to operate throughout the day on a single charge, utilizing proven battery technology that offers a reliable and economical solution amidst rising diesel costs. By making electric buses more accessible, BasiGo aims to enhance the efficiency of public transport while contributing to environmental sustainability.

Energy Dome

Series A in 2021
Energy Dome is an Italian company based in Lonate Pozzolo, Lombardy, that specializes in innovative energy storage technology aimed at addressing climate change. The company has developed a low-cost and efficient system for long-duration electricity storage utilizing liquid carbon dioxide. This technology employs a thermodynamic transformation of carbon dioxide in a closed-loop process, allowing for the storage of energy and making renewable power more dispatchable. Energy Dome's focus is on enhancing renewable energy production's affordability and reliability, contributing to the decarbonization of the energy sector and promoting a more sustainable future.

BasiGo

Pre Seed Round in 2021
BasiGo is an e-mobility start-up focused on transforming public transportation in Kenya and Rwanda by providing electric buses as a sustainable alternative to diesel. The company operates under a pay-as-you-go model, which includes maintenance and battery charging services, facilitating the transition for bus owners to adopt electric vehicles. BasiGo's electric buses are designed to operate throughout the day on a single charge, utilizing proven battery technology that offers a reliable and economical solution amidst rising diesel costs. By making electric buses more accessible, BasiGo aims to enhance the efficiency of public transport while contributing to environmental sustainability.

Traxen®

Seed Round in 2021
Traxen is a developer of a cloud-based intelligent cruise control system aimed at enhancing driving efficiency and safety. The platform is designed to optimize fuel consumption by adjusting driving styles based on various factors, including weather, traffic, and road conditions. By considering the hours of service and time of arrival requirements, Traxen's technology not only helps drivers achieve significant cost savings on fuel but also contributes to lower insurance and training expenses. The company's innovations support safer driving practices, promoting a smarter approach to transportation while contributing to energy conservation and overall safety on the roads.

Figorr

Convertible Note in 2020
Figorr is a company that specializes in cold chain solutions, providing temperature-controlled products and comprehensive temperature monitoring services. It focuses on understanding the specific challenges faced by various markets that require reliable temperature management. Figorr offers enterprise software designed for real-time monitoring and tracking of temperature-sensitive items. This software provides clients with crucial information regarding temperature, humidity, and location of their cold chain products, alongside auto-generated reports that summarize cold storage performance over designated periods. By ensuring accurate and timely data, Figorr enables clients to obtain both qualitative and quantitative insights into their temperature-sensitive deliveries, enhancing overall supply chain efficiency.

Energy Dome

Seed Round in 2020
Energy Dome is an Italian company based in Lonate Pozzolo, Lombardy, that specializes in innovative energy storage technology aimed at addressing climate change. The company has developed a low-cost and efficient system for long-duration electricity storage utilizing liquid carbon dioxide. This technology employs a thermodynamic transformation of carbon dioxide in a closed-loop process, allowing for the storage of energy and making renewable power more dispatchable. Energy Dome's focus is on enhancing renewable energy production's affordability and reliability, contributing to the decarbonization of the energy sector and promoting a more sustainable future.

TexPower

Seed Round in 2020
TexPower is a manufacturer based in Austin, Texas, specializing in the design and production of lithium-ion battery cells and cobalt-free cathode materials. Founded in 2019 by Wangda Li, Arumugam Manthiram, and Evan Erickson, the company focuses on creating high-capacity, drop-in cathodes that can replace conventional battery cathodes. These cathodes are composed of various metals, including nickel, manganese, aluminum, iron, and zinc, synthesized through standard industrial processes. TexPower's products are tailored for diverse applications such as portable electronics, electric vehicles, drones, and robotics. The company's offerings are designed to provide at least 10% higher energy density and 25% lower raw material costs while enhancing sustainability and ensuring a secure battery supply chain. Additionally, TexPower's cobalt-free solutions are particularly advantageous for military battery applications, addressing both performance and security needs.

Mootral

Seed Round in 2020
Mootral SA is a British-Swiss AgriTech company founded in 2017 and based in Rolle, Switzerland. The company develops innovative solutions aimed at mitigating the environmental impact of agriculture, specifically focusing on reducing greenhouse gas emissions and addressing antimicrobial resistance. Mootral's primary products include a natural feed supplement designed to significantly lower methane emissions from ruminants, as well as solutions that eliminate the need for antibiotics in monogastric livestock. By providing these tools, Mootral aims to promote sustainable food production that benefits the environment, human health, and animal welfare, while also enhancing the economic viability for farmers.
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