Clean Growth Fund

Clean Growth Investment Management LLP, based in London, is a venture capital firm established in 2018 that specializes in investing in growth-stage and early-stage clean growth technology companies. The firm is dedicated to supporting innovations aimed at reducing carbon emissions across various sectors, including power and energy, buildings, transport, and waste management. By focusing on the United Kingdom, Clean Growth Investment Management seeks to foster advancements in the low carbon economy and drive sustainable development through its investments.

Beverley Gower-Jones

Managing Partner

Alasdair Greig

Investment Partner

Stephen Price

Investment Director

Jonathan Tudor

Investment Partner

7 past transactions

Piclo

Series B in 2023
Piclo is a company focused on facilitating the direct purchase of renewable electricity from local suppliers. By developing a platform that connects consumers with nearby renewable energy producers, Piclo aims to enhance the accessibility and transparency of green energy sources. This initiative supports the growing demand for sustainable energy solutions, enabling individuals and businesses to make informed choices about their electricity consumption while contributing to a more sustainable future. Through its innovative approach, Piclo is helping to transform the energy market by promoting local renewable power generation.

Sunswap

Venture Round in 2022
Sunswap aims to decarbonize the cold chain with zero-emission Transport Refrigeration Units (TRUs). Sunswap's patent-pending technology provides operators with a zero-emission alternative to their existing diesel TRUs. A working prototype has successfully proven capability to meet temperature requirements of -22°C. They're collaborating with six major UK supermarkets on product development, with aims to secure sales with them in 2021.

Carbon Re

Pre Seed Round in 2021
Carbon Re specializes in the decarbonization of high-emission industries, focusing on sectors such as cement, steel, metals, bulk chemicals, glass, paper, and ceramics. The company has developed a cloud-based Foundation Platform that integrates advanced continuous improvement techniques with artificial intelligence. This platform aims to enhance operational efficiencies while significantly reducing greenhouse gas emissions in manufacturing processes. By leveraging this technology, Carbon Re enables its clients to achieve reductions in emissions of up to 20%, resulting in substantial savings on electricity, fuel, and carbon costs for each plant annually.

Holiferm

Funding Round in 2021
Holiferm Limited, founded in 2018 and based in Manchester, United Kingdom, focuses on manufacturing machinery for lipid production and the development of environmentally friendly fermentation technology. The company has created a novel process that allows for the continuous production of biochemicals, particularly biosurfactants, by using microorganisms in large-volume bioreactors. This innovative system incorporates gravity-based separation to efficiently recover lipids as they are produced, significantly reducing production costs, energy consumption, and the need for solvents. Holiferm's technology can utilize food waste as raw materials, further enhancing its sustainability. The company has garnered substantial interest from industry players, having collaborated with firms such as Croda and Godrej to demonstrate its capabilities at a pilot scale. Holiferm aims to expand its applications beyond sophorolipids to other biosurfactants and a broader range of biologically produced lipids, positioning itself as a leader in the cost-effective production of bio-based materials.

Tepeo

Seed Round in 2021
Tepeo is a British clean technology company that has developed a low-cost, easy-to-install low carbon boiler.

Piclo

Series A in 2021
Piclo is a company focused on facilitating the direct purchase of renewable electricity from local suppliers. By developing a platform that connects consumers with nearby renewable energy producers, Piclo aims to enhance the accessibility and transparency of green energy sources. This initiative supports the growing demand for sustainable energy solutions, enabling individuals and businesses to make informed choices about their electricity consumption while contributing to a more sustainable future. Through its innovative approach, Piclo is helping to transform the energy market by promoting local renewable power generation.

Indra Renewable Technologies

Venture Round in 2021
Formally established in 2013, Indra Renewable Technologies Ltd is a UK based supplier of electric vehicle components and services.
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