PowerUP is a clean-tech product development company focused on building the best and most appropriate products for customers in low-income contexts.
Okra Solar
Series A in 2023
Okra Solar is an innovative technology company based in Sydney, Australia, focused on facilitating access to affordable solar energy for rural and off-grid communities. Founded in 2016, the company has developed a plug-and-play smart grid solution that leverages IoT technology, machine learning, and mobile payments to enable solar generating communities to share and efficiently utilize energy. Its modular grid design allows for rapid electrification of last-mile areas, while cloud software provides real-time data to utility companies, helping them manage and scale solar networks effectively. By connecting these communities to reliable and affordable energy sources, Okra Solar aims to integrate them into the modern economy and promote energy abundance.
BluLever Education
Seed Round in 2023
BluLever Education is dedicated to creating a collaborative ecosystem that supports artisans at all stages of their careers. The company focuses on delivering demand-driven vocational education and skills training, aiming to enhance the professional development of craftsmen. By providing a platform for artisan education, BluLever Education fosters effective and forward-thinking training programs. These initiatives not only empower apprentices to thrive in their careers but also contribute positively to the ecosystem by promoting value addition within companies. Through its holistic approach, the company seeks to catalyze meaningful change in artisan communities, ensuring that craftsmen receive the necessary tools and opportunities to advance their enterprises and professions.
Last Energy
Series B in 2023
Last Energy is focused on the development and delivery of small modular nuclear power plants designed to transform the nuclear energy sector. By utilizing proven reactor technology and a unique delivery model, the company aims to significantly reduce construction time and costs associated with nuclear projects. Last Energy's modular plants produce both direct heat and electricity, employing standard pressurized water reactor technology. These plants can be easily integrated into industrial processes, supporting clients in their sustainability efforts. The company's mission centers on decarbonizing global energy production while enhancing access to clean and affordable power.
Delta40
Seed Round in 2023
Delta40 is the venture studio that invests in African female entrepreneurs involved in energy, agriculture and mobility sectors.
Joule Labs
Pre Seed Round in 2022
Joule Labs is a company focused on enhancing the electric vehicle (EV) charging experience through innovative technology. It specializes in developing software that facilitates the discovery, scheduling, and booking of available EV chargers. The company has created a robotic mobile EV charging platform that is designed to serve various parking spaces, incorporating mobile battery pods and autonomous robots. This technology aims to streamline the charging process by eliminating challenges such as navigating limited charging spaces and dealing with malfunctioning charging equipment. Joule Labs enables parking lot and garage owners to efficiently manage EV charging operations, covering aspects from maintenance and upkeep to monitoring usage and revenue generation.
Vartega
Seed Round in 2022
Vartega Inc. is a technology development firm based in Golden, Colorado, that specializes in the recycling of carbon fiber, a strong and lightweight material used across various industries, including aerospace, automotive, wind energy, and sporting goods. Founded in 2014, Vartega employs a patented recycling process to transform carbon fiber scrap and waste into low-cost, high-quality products suitable for mass-market applications. The company’s offerings include semi-continuous, chopped, and milled carbon fiber, which can be utilized in thermoplastics, nonwoven fabrics, and molding compounds. By diverting carbon fiber waste from landfills, Vartega aims to enhance the sustainability of these industries, contributing to improved fuel economy and significant reductions in greenhouse gas emissions.
Okra Solar
Seed Round in 2022
Okra Solar is an innovative technology company based in Sydney, Australia, focused on facilitating access to affordable solar energy for rural and off-grid communities. Founded in 2016, the company has developed a plug-and-play smart grid solution that leverages IoT technology, machine learning, and mobile payments to enable solar generating communities to share and efficiently utilize energy. Its modular grid design allows for rapid electrification of last-mile areas, while cloud software provides real-time data to utility companies, helping them manage and scale solar networks effectively. By connecting these communities to reliable and affordable energy sources, Okra Solar aims to integrate them into the modern economy and promote energy abundance.
Prometheus Materials
Series A in 2022
Prometheus Materials is a company dedicated to developing bio-cement with zero carbon emissions, aiming to contribute to global sustainability efforts. The company specializes in creating innovative construction materials by utilizing algae, water, ambient carbon dioxide, sunlight, and sand. Through its production of bio-cement and bio-concrete, Prometheus Materials enables clients to use carbon-negative alternatives, thereby helping to significantly reduce carbon dioxide emissions in the construction industry.
Vartega
Series A in 2021
Vartega Inc. is a technology development firm based in Golden, Colorado, that specializes in the recycling of carbon fiber, a strong and lightweight material used across various industries, including aerospace, automotive, wind energy, and sporting goods. Founded in 2014, Vartega employs a patented recycling process to transform carbon fiber scrap and waste into low-cost, high-quality products suitable for mass-market applications. The company’s offerings include semi-continuous, chopped, and milled carbon fiber, which can be utilized in thermoplastics, nonwoven fabrics, and molding compounds. By diverting carbon fiber waste from landfills, Vartega aims to enhance the sustainability of these industries, contributing to improved fuel economy and significant reductions in greenhouse gas emissions.
M2X Energy
Series A in 2021
M2X Energy is a company that specializes in scalable methane conversion technology, focusing on automated gas-to-product systems. It aims to minimize gas flaring and mitigate its environmental impact through innovative methods. The company employs a non-catalytic, partial-oxidation reformer approach to produce low-carbon methanol from methane-rich stranded gas. This technology is versatile, accepting various feedstocks such as landfill gas, biogas, and well gas. By converting these waste streams into valuable products, M2X Energy provides essential climate services that help businesses enhance their environmental sustainability efforts.
Rebound Technologies
Series A in 2020
Rebound Technologies, Inc. is a manufacturer of innovative thermal energy storage systems aimed at enhancing refrigeration efficiency in commercial and agricultural settings. Founded in 2012 and headquartered in Commerce City, Colorado, the company specializes in two main products: IcePoint and SunChill. IcePoint employs a refrigeration cycle with embedded thermal energy storage, which allows supermarkets to significantly reduce their low-temperature cooling costs. SunChill provides an off-grid refrigeration solution that effectively cools agricultural products immediately after harvest and maintains their quality in local markets and processing facilities. Rebound Technologies is dedicated to developing tailored, thermally-driven heat pump architectures that utilize renewable resources and waste heat capture, promoting cost-effective and practical solutions for refrigeration. By focusing on customized technologies rather than a one-size-fits-all approach, the company aims to lower the costs of efficient systems and foster self-sustaining business models that contribute to job creation.
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