Shell E4, established in 2017, is a Bengaluru-based accelerator focused on fostering clean technology and sustainability ventures. It invests in and supports startups working on solutions such as waste management, plastic circularity, carbon capture, and decarbonization technologies, aligning with Shell's broader commitment to a lower-carbon future.
Hydrogen Mem-Tech specializes in advanced hydrogen separation technology that incorporates carbon capture. The company develops palladium membranes that efficiently capture carbon dioxide while facilitating the production of clean hydrogen. This innovative technology is designed for a variety of applications, including refineries, bio-refineries, chemical plants, steel production, power generation, gas networks, and agriculture. By providing sustainable energy solutions with zero emissions, Hydrogen Mem-Tech aims to support industries in making a green transition while minimizing maintenance costs and environmental impact.
Mantel
Series A in 2024
Mantel is focused on developing innovative carbon capture technology aimed at reducing carbon dioxide emissions and achieving net-negative emissions. The company's method captures CO2 before it can enter the atmosphere, utilizing low energy processes to enhance efficiency. Designed for integration within boilers, kilns, and furnaces, Mantel's technology leverages biomass waste and residue to facilitate significant carbon removal. This approach addresses sustainability challenges while utilizing liquid-phase chemistry applicable across various sectors, including industrial heat, steel, and chemicals. By enabling clients to lower their costs associated with carbon capture and storage, Mantel plays a crucial role in the transition towards a more sustainable future.
Sunswap
Venture Round in 2024
Sunswap Ltd. is a London-based company that focuses on developing innovative transport refrigeration technology aimed at achieving zero-emission cold chain transportation. Incorporated in 2020, Sunswap integrates solar power, battery systems, and electric refrigeration into a single high-performance unit. This proprietary, patent-pending technology assists notable clients, such as DFDS and Samworth Brothers, as well as trial partners like Muller, in reducing diesel reliance and associated costs. The company's mission is to decarbonize the cold transportation sector, thereby addressing environmental concerns while enhancing efficiency in the supply chain.
Strohm
Venture Round in 2024
Strohm is a private supply chain company specializing in the offshore wind-to-hydrogen sector. It manufactures fully bonded, thermoplastic composite pipes designed for various applications in the offshore oil and gas industry. The company's product offerings include downlines, well intervention hoses, jumpers, spools, offshore flowlines, and risers. Strohm's composite pipes are lightweight, high-strength, and corrosion-resistant, providing significant cost and operational advantages for subsea intervention and production applications.
Soly
Series B in 2024
Soly is an international Clean Energy Tech company with a mission to make solar energy available to everyone. The company was founded in the summer of 2013 by brothers Patrick and Milan van der Meulen. The brothers were inspired at a young age by Al Gore’s documentary “An Inconvenient Truth” and have since decided to use their entrepreneurship ‘As a force for good’. The company is today one of the European market leaders in the field of decentralized energy generation and storage through solar panels, batteries and charging stations. Soly focuses on the residential and business markets and is active in the Netherlands, South Africa (2019), Belgium (2022), Germany (2023) and the United Kingdom (2023). By developing its proprietary software platform, Soly is one of the most capital-efficient energy providers, with only 140 employees across five countries. The Soly platform won a spot in the Deloitte Technology Fast50 in 2021. Soly is an impact driven company and since 2018 B Corp certified. B Corp is an international label for companies that strive for the highest standards of sustainability, financial transparency, and social justice.
Ionomr Innovations
Series A in 2023
Ionomr Innovations Inc. is a Vancouver-based company specializing in the design, adaptation, and manufacture of advanced ion-exchange membranes and polymer technologies. Founded in 2013, Ionomr focuses on creating environmentally friendly materials that replace toxic fluorinated chemicals often used in electrochemical applications. Its flagship product line, Aemion, is designed for various applications, including water treatment, energy storage, and clean energy generation. The company’s innovative membranes are known for their alkaline stability, strength, and performance, enabling optimal integration into electrochemical systems. By providing solutions that enhance efficiency and reduce environmental impact, Ionomr aims to support the decarbonization of the planet and foster the development of sustainable systems in the renewable energy and circular chemical economies. Additionally, Ionomr offers chemical engineering services to further support its clients in achieving their operational goals.
Husk Power Systems
Series D in 2023
Husk Power Systems Pvt. Ltd. is a renewable energy company based in Patna, India, that focuses on generating and distributing electricity to households, community services, small businesses, and factories. Founded in 2007, the company utilizes biomass waste—such as rice husks and other agricultural residues—to produce electricity through its proprietary technology. Husk Power Systems designs and operates mini-power plants and micro-grids, offering electricity as a pay-for-use service primarily to rural areas. This approach not only provides reliable lighting, reducing reliance on kerosene, but also fosters economic development by enabling microenterprises and the use of electricity-operated machinery. By creating a sustainable energy ecosystem at each power plant, Husk Power Systems aims to deliver shared value to its stakeholders and stimulate local economies.
Xcharge
Series C in 2023
XCharge is a prominent provider of high-power electric vehicle (EV) charging solutions, established in 2015. The company focuses on the design, manufacturing, and sales of advanced EV charging infrastructure, including its C6 and C7 series of DC fast chargers and the Net Zero Series, which integrates battery storage technology. XCharge aims to enhance the EV charging experience for energy companies, fleet operators, and parking lot managers across over 25 countries. By combining hardware and software solutions, the company seeks to maximize charging revenue while minimizing maintenance costs. Its innovative approach allows for scalable, cost-effective installations tailored for diverse grid conditions, facilitating a smoother transition to clean transportation in North America. With a team of experienced professionals, XCharge is dedicated to addressing the challenges of EV infrastructure and promoting sustainable energy practices.
Kraftblock
Series B in 2023
Kraftblock specializes in developing innovative thermal energy storage systems that facilitate the transition to renewable energy for various industries. By focusing on a materials-development approach, the company offers efficient and sustainable solutions for decarbonizing heat processes, addressing the urgent need to combat the climate crisis. Kraftblock's unique technology enables the storage and delivery of heat at temperatures up to 1300°C, making it suitable for a wide range of industrial applications that traditional thermal storage systems cannot support. In addition to promoting sustainable practices, Kraftblock's systems also enhance safety by providing reliable solutions during fire outbreaks, positioning the company as a key player in the energy transition towards 100% renewable sources.
Verdagy
Series B in 2023
Verdagy is focused on advancing water electrolysis technology to enable large-scale production of green hydrogen. Based in Moss Landing, California, the company develops high-performance cells, electrolyzers, and plants aimed at achieving low upfront capital and operating costs. Their innovative approach positions them to offer competitive unit economics in hydrogen production, making it more accessible for various industries to adopt clean energy solutions. Verdagy operates laboratory and pilot plant facilities to support the rapid scaling of its technology platform.
DexMat
Seed Round in 2023
DexMat specializes in the production of Galvorn, a high-performance conductive carbon nanomaterial that surpasses traditional materials in strength, weight, and durability. Galvorn is ten times stronger than steel, half the weight of aluminum, and offers a flex life that is one hundred times greater than copper. This innovative material is designed to replace heavy and environmentally damaging metals across various industries, including sporting goods, e-textiles, electronics, energy, aerospace, and automotive sectors. DexMat manufactures Galvorn as fibers, yarns, films, and fabrics, providing a lightweight and flexible alternative to conventional metals. The company's commitment to sustainability is evident in its carbon-negative production processes, positioning Galvorn as a key player in reducing carbon emissions on a global scale.
QpiVolta Technologies
Seed Round in 2023
Qpivolta is a premium battery design and manufacturing company with focus on next generation solid state batteries based on Quantum and AI simulation.
Strohm
Venture Round in 2022
Strohm is a private supply chain company specializing in the offshore wind-to-hydrogen sector. It manufactures fully bonded, thermoplastic composite pipes designed for various applications in the offshore oil and gas industry. The company's product offerings include downlines, well intervention hoses, jumpers, spools, offshore flowlines, and risers. Strohm's composite pipes are lightweight, high-strength, and corrosion-resistant, providing significant cost and operational advantages for subsea intervention and production applications.
Strohm
Venture Round in 2022
Strohm is a private supply chain company specializing in the offshore wind-to-hydrogen sector. It manufactures fully bonded, thermoplastic composite pipes designed for various applications in the offshore oil and gas industry. The company's product offerings include downlines, well intervention hoses, jumpers, spools, offshore flowlines, and risers. Strohm's composite pipes are lightweight, high-strength, and corrosion-resistant, providing significant cost and operational advantages for subsea intervention and production applications.
Aurora Hydrogen
Series A in 2022
Aurora Hydrogen is focused on advancing hydrogen production technology that leverages efficient microwave energy to create clean hydrogen. This innovative approach is designed to decarbonize transportation and industrial processes, allowing for significant reductions in carbon dioxide emissions. The technology is highly scalable, making it suitable for a range of applications from small fueling stations to large industrial setups. Notably, Aurora Hydrogen's production process does not generate carbon dioxide or consume water, positioning the company as a key player in efforts to mitigate climate change by potentially reducing global carbon dioxide emissions by over 500 million tonnes annually.
Statiq
Series A in 2022
Statiq is an electric vehicle charging network that allows customers to find the closest charging station, book a slot, and pay online. Statiq creates and aggregates its own smart EV chargers as well as other public EV chargers. Founded in the year 2020 by Akshit Bansal and Raghav Arora and is based in Gurgaon, Haryana, India.
HYDROGEN Mem-Tech
Venture Round in 2022
Hydrogen Mem-Tech specializes in advanced hydrogen separation technology that incorporates carbon capture. The company develops palladium membranes that efficiently capture carbon dioxide while facilitating the production of clean hydrogen. This innovative technology is designed for a variety of applications, including refineries, bio-refineries, chemical plants, steel production, power generation, gas networks, and agriculture. By providing sustainable energy solutions with zero emissions, Hydrogen Mem-Tech aims to support industries in making a green transition while minimizing maintenance costs and environmental impact.
South 8 Technologies
Series A in 2022
South 8 Technologies, Inc. is a manufacturer based in San Diego, California, specializing in advanced lithium batteries and electrochemical capacitors that utilize a unique liquefied gas electrolyte known as LiGas®. Founded in 2015, the company addresses key issues associated with traditional lithium-ion batteries, particularly their susceptibility to fire and performance limitations in extreme temperatures. LiGas technology enhances energy density and safety, allowing batteries to operate effectively within a temperature range of -60 to 60 °C. This innovation serves a diverse array of applications, including electric vehicles, energy storage, aerospace, and defense industries, by providing improved performance and reduced flammability compared to conventional materials. South 8 has developed its first battery cell, the Arctic™ LiGas 18650, and is actively working on additional battery chemistries. The company holds 23 patents across multiple jurisdictions, with a customer base that includes cell manufacturers and end-users, supported by various investors in the technology and automotive sectors.
Soly
Series A in 2022
Soly is an international Clean Energy Tech company with a mission to make solar energy available to everyone. The company was founded in the summer of 2013 by brothers Patrick and Milan van der Meulen. The brothers were inspired at a young age by Al Gore’s documentary “An Inconvenient Truth” and have since decided to use their entrepreneurship ‘As a force for good’. The company is today one of the European market leaders in the field of decentralized energy generation and storage through solar panels, batteries and charging stations. Soly focuses on the residential and business markets and is active in the Netherlands, South Africa (2019), Belgium (2022), Germany (2023) and the United Kingdom (2023). By developing its proprietary software platform, Soly is one of the most capital-efficient energy providers, with only 140 employees across five countries. The Soly platform won a spot in the Deloitte Technology Fast50 in 2021. Soly is an impact driven company and since 2018 B Corp certified. B Corp is an international label for companies that strive for the highest standards of sustainability, financial transparency, and social justice.
GridPoint
Private Equity Round in 2022
GridPoint Inc., established in 2003 and headquartered in Reston, Virginia, specializes in comprehensive energy management solutions. The company offers hardware devices like submetering and advanced monitoring systems for managing energy endpoints such as controllers, submeters, thermostats, and sensors. GridPoint's cloud-based software platform, Energy Manager, enables real-time monitoring and control of energy-consuming assets like HVAC and lighting systems. Additionally, they provide mobile applications for accessing site details and data on-the-go, along with energy management services including customer support and consultative advisory services. Serving diverse sectors such as retail, commercial buildings, and government institutions, GridPoint aims to maximize energy savings, operational efficiency, and sustainability benefits through its innovative solutions.
Antora Energy
Series A in 2022
Antora Energy specializes in providing zero-carbon industrial heat and power solutions for heavy industries, offering a more reliable alternative to fossil fuels. The company develops innovative thermal batteries that utilize excess solar and wind electricity to heat blocks of carbon, creating a sustainable energy source. These thermal energy storage systems effectively convert heat energy into electric energy, facilitating the electrification of heavy industry. By enabling the integration of renewable resources into the electricity grid, Antora Energy aims to deliver convenient, sustainable, and reliable electricity while significantly reducing carbon emissions on a global scale.
Offgrid Energy Labs
Seed Round in 2022
Offgrid Energy Labs specializes in the development of energy storage battery technology aimed at creating efficient and safe batteries for a sustainable future. The company focuses on innovating chemistry, materials, and design using eco-friendly and readily available resources. Its technology provides cost-effective and low-maintenance renewable energy storage solutions, which are particularly beneficial for microgrids. Offgrid Energy Labs also offers improved alternatives for electric vehicles and enhances capabilities for grid balancing. By surpassing traditional lead-acid batteries in power density, battery life, and overall cost, the company positions itself as a leader in the transition to advanced energy storage systems.
Verdagy
Series A in 2022
Verdagy is focused on advancing water electrolysis technology to enable large-scale production of green hydrogen. Based in Moss Landing, California, the company develops high-performance cells, electrolyzers, and plants aimed at achieving low upfront capital and operating costs. Their innovative approach positions them to offer competitive unit economics in hydrogen production, making it more accessible for various industries to adopt clean energy solutions. Verdagy operates laboratory and pilot plant facilities to support the rapid scaling of its technology platform.
Ionomr Innovations
Series A in 2022
Ionomr Innovations Inc. is a Vancouver-based company specializing in the design, adaptation, and manufacture of advanced ion-exchange membranes and polymer technologies. Founded in 2013, Ionomr focuses on creating environmentally friendly materials that replace toxic fluorinated chemicals often used in electrochemical applications. Its flagship product line, Aemion, is designed for various applications, including water treatment, energy storage, and clean energy generation. The company’s innovative membranes are known for their alkaline stability, strength, and performance, enabling optimal integration into electrochemical systems. By providing solutions that enhance efficiency and reduce environmental impact, Ionomr aims to support the decarbonization of the planet and foster the development of sustainable systems in the renewable energy and circular chemical economies. Additionally, Ionomr offers chemical engineering services to further support its clients in achieving their operational goals.
ZeroAvia
Series B in 2021
ZeroAvia, Inc. is a company focused on developing zero-emission aircraft and hydrogen-electric propulsion systems aimed at transforming short-haul commercial aviation. Established in 2017 and headquartered in Hollister, California, with an additional office in Cranfield, United Kingdom, ZeroAvia is dedicated to eliminating aviation emissions while maintaining operational efficiency. The company's innovative powertrain utilizes a hydrogen fuel-cell system, allowing for retrofitting of existing aircraft and facilitating the adoption of sustainable aviation practices. By emphasizing scalable technologies, ZeroAvia seeks to partner with various stakeholders in the aviation industry to provide cleaner, more efficient flight options, thereby reducing costs and carbon dioxide emissions associated with air travel.
Ample
Series C in 2021
Ample, Inc. is a San Francisco-based company that specializes in electric battery stations and offers innovative battery swap solutions for electric vehicles. Founded in 2014, Ample operates within the smart energy sector, focusing on enhancing energy delivery for electric transportation. The company employs autonomous robotics and advanced battery technology to facilitate efficient energy exchange. Ample's unique battery system utilizes smaller, interchangeable battery modules, allowing compatibility with a diverse range of vehicles. This approach aims to streamline the charging process, making electric vehicle use more accessible and convenient for consumers.
ZeroAvia
Venture Round in 2021
ZeroAvia, Inc. is a company focused on developing zero-emission aircraft and hydrogen-electric propulsion systems aimed at transforming short-haul commercial aviation. Established in 2017 and headquartered in Hollister, California, with an additional office in Cranfield, United Kingdom, ZeroAvia is dedicated to eliminating aviation emissions while maintaining operational efficiency. The company's innovative powertrain utilizes a hydrogen fuel-cell system, allowing for retrofitting of existing aircraft and facilitating the adoption of sustainable aviation practices. By emphasizing scalable technologies, ZeroAvia seeks to partner with various stakeholders in the aviation industry to provide cleaner, more efficient flight options, thereby reducing costs and carbon dioxide emissions associated with air travel.
Xcharge
Series B in 2021
XCharge is a prominent provider of high-power electric vehicle (EV) charging solutions, established in 2015. The company focuses on the design, manufacturing, and sales of advanced EV charging infrastructure, including its C6 and C7 series of DC fast chargers and the Net Zero Series, which integrates battery storage technology. XCharge aims to enhance the EV charging experience for energy companies, fleet operators, and parking lot managers across over 25 countries. By combining hardware and software solutions, the company seeks to maximize charging revenue while minimizing maintenance costs. Its innovative approach allows for scalable, cost-effective installations tailored for diverse grid conditions, facilitating a smoother transition to clean transportation in North America. With a team of experienced professionals, XCharge is dedicated to addressing the challenges of EV infrastructure and promoting sustainable energy practices.
ZeroAvia
Series A in 2021
ZeroAvia, Inc. is a company focused on developing zero-emission aircraft and hydrogen-electric propulsion systems aimed at transforming short-haul commercial aviation. Established in 2017 and headquartered in Hollister, California, with an additional office in Cranfield, United Kingdom, ZeroAvia is dedicated to eliminating aviation emissions while maintaining operational efficiency. The company's innovative powertrain utilizes a hydrogen fuel-cell system, allowing for retrofitting of existing aircraft and facilitating the adoption of sustainable aviation practices. By emphasizing scalable technologies, ZeroAvia seeks to partner with various stakeholders in the aviation industry to provide cleaner, more efficient flight options, thereby reducing costs and carbon dioxide emissions associated with air travel.
ZeroAvia
Series A in 2020
ZeroAvia, Inc. is a company focused on developing zero-emission aircraft and hydrogen-electric propulsion systems aimed at transforming short-haul commercial aviation. Established in 2017 and headquartered in Hollister, California, with an additional office in Cranfield, United Kingdom, ZeroAvia is dedicated to eliminating aviation emissions while maintaining operational efficiency. The company's innovative powertrain utilizes a hydrogen fuel-cell system, allowing for retrofitting of existing aircraft and facilitating the adoption of sustainable aviation practices. By emphasizing scalable technologies, ZeroAvia seeks to partner with various stakeholders in the aviation industry to provide cleaner, more efficient flight options, thereby reducing costs and carbon dioxide emissions associated with air travel.
GreenCom Networks
Venture Round in 2020
GreenCom Networks AG is an energy IoT company based in Munich, Germany, with a focus on developing innovative solutions for the energy sector since its founding in 2011. The company operates an Energy Information Brokerage Platform that integrates various distributed energy assets, including solar panels, battery storage, electric vehicles, and heat pumps. Its platform offers several services, such as eibp connect for managing and controlling energy assets, eibp boost for visualizing and optimizing energy flows, eibp mesh for connecting customers to energy communities, eibp empower for developing energy tariffs, and eibp cluster for enhancing the capabilities of distributed assets. By providing these tools, GreenCom Networks enables utilities and energy service companies to improve customer engagement and introduce new digital energy services.
Nirvana Energy Systems
Pre Seed Round in 2020
Nirvana Energy Systems focuses on creating innovative home energy solutions that generate electricity and heat using clean natural gas. The company has developed a micro-combined heat and power system designed for residential use, which efficiently converts gas into electricity while also providing domestic water and space heating. This technology aims to help users save on energy costs and reduce their carbon footprint by offering a compact, effective, and dependable power source.
Palmetto Clean Technology
Series B in 2020
Just as technology has advanced society and delivered exciting consumer products, like Tesla cars and the iPhone, tech innovation is empowering homeowners across the country to join the New Utility Revolution. Palmetto’s clean energy marketplace and custom software tools help homeowners quickly estimate utility cost-savings and get renewable energy sources up and running, with ongoing data insights and support. For individuals, this innovation means lower utility bills, more transparency, control over energy use, increase in property value, and protection against power outages. When adopted en masse, a clean energy shift is a major step towards combating climate change and achieving American energy independence.
Go GreenBOV ( Battery Operated Vehicles )
Pre Seed Round in 2020
Go GreenEoT is building India's intelligent electric vehicles which are made for every purse and every purpose.
Magenta Mobility
Seed Round in 2020
Magenta Mobility is an EV charging and mobility solution provider whose mission is to revolutionize and aggregate the urban freight and transportation segment. It is creating an electric ecosystem for e-Commerce, FMCG, FMCD, Pharmaceuticals, Food, Courier & Logistics companies, as well as for employee transportation and last-mile deliveries. Magenta bases its EV delivery and logistics services on unrivaled full-stack software technology and has implemented a connected Fleet Management System.
Energos
Pre Seed Round in 2020
Energos develops a unified platform and edge AI for managing EV charging infrastructure and microgrids. The company's platform enables seamless integration with various electric vehicle chargers, storage systems, PV systems, HVAC, and other technologies. This allows retailers such as fuel service stations, convenience stores, EV charging and battery swap stations, hydrogen and CNG stations, and utilities to establish and manage multiple energy choices for EV car owners.
Offgrid Energy Labs
Pre Seed Round in 2020
Offgrid Energy Labs specializes in the development of energy storage battery technology aimed at creating efficient and safe batteries for a sustainable future. The company focuses on innovating chemistry, materials, and design using eco-friendly and readily available resources. Its technology provides cost-effective and low-maintenance renewable energy storage solutions, which are particularly beneficial for microgrids. Offgrid Energy Labs also offers improved alternatives for electric vehicles and enhances capabilities for grid balancing. By surpassing traditional lead-acid batteries in power density, battery life, and overall cost, the company positions itself as a leader in the transition to advanced energy storage systems.
Salient Energy
Seed Round in 2019
Salient Energy is focused on the commercialization of a novel zinc-ion battery developed from research at the University of Waterloo. This innovative battery technology is designed for electricity storage in the grid, offering a safer and more sustainable alternative to conventional lithium-ion batteries. Salient Energy's proprietary cathode materials uniquely incorporate zinc into their crystal lattice, resulting in a relatively high energy density. This advancement allows for the use of traditional battery designs compatible with existing manufacturing processes, making it feasible to produce these batteries in current facilities worldwide. Consequently, Salient Energy's products provide a cost-effective, long-lasting solution for energy storage, catering to the needs of electric industry stakeholders.
ZIPTRAX Cleantech
Seed Round in 2019
Ziptrax CleanTech specializes in Closed Loop Recycling for lithium-ion batteries, focusing on the recovery of valuable metals such as lithium, cobalt, nickel, and manganese. This process supports various applications, including electric vehicles, renewable energy grids, and consumer electronics. The company employs a Cradle-to-Grave approach that not only reduces costs for manufacturers and distributors but also offers significant benefits to end-users. Additionally, Ziptrax CleanTech utilizes artificial intelligence to enhance battery longevity through a digital platform that facilitates the collection and recycling of used lithium-ion batteries. These batteries undergo extensive testing and quality checks before being repurposed for second-use applications in e-mobility and energy storage, thereby contributing to sustainable practices in the industry.
Corvus Energy
Venture Round in 2019
Corvus Energy Ltd. is a Canadian company specializing in the research, development, manufacture, and supply of energy storage solutions for the marine, oil and gas, and port sectors. Established in 2009 and headquartered in Richmond, the company focuses on delivering advanced lithium-ion battery technologies that create modular energy storage systems. These systems are designed to offer consistent and economical power for hybrid and all-electric maritime applications, including cruise ships, ferries, offshore vessels, and heavy industrial machinery. In addition to its energy storage products, Corvus Energy provides a range of services such as technical support, spare parts, extended warranties, field service, and training. The company's innovative solutions are recognized for enhancing operational efficiency and promoting clean energy leadership in the industry.
Nordsol
Private Equity Round in 2019
Nordsol is a Dutch company based in Bunnik, founded in 2009, that specializes in the development and production of biofuels derived from organic waste. The company produces BioLNG, or liquefied biomethane, which is a CO2-neutral biofuel created by converting biogas through its proprietary iLNG technology. Nordsol collaborates with dedicated BioLNG clients who help mitigate trading risks and secure fixed offtake volumes. This unique combination of innovative patented technologies and financial support enables Nordsol to establish and operate its own BioLNG facilities in partnership with biogas production providers, creating a robust business framework for sustainable energy solutions.
SET Ventures
Funding Round in 2019
SET Ventures, established in 2007 and based in Amsterdam, Netherlands, is a venture capital firm focusing on early to growth-stage investments in Europe. The company specializes in digital technology for a carbon-free energy system, backing pioneering startups with sustainable solutions and a strong digital DNA. Its investment priority lies in sectors such as distributed infrastructure, energy retail, buildings, mobility, industry, and enabling technologies. SET Ventures typically invests between €0.5 million to €6 million per portfolio company, aiming to take a seat on the supervisory board.
ZIPTRAX Cleantech
Pre Seed Round in 2019
Ziptrax CleanTech specializes in Closed Loop Recycling for lithium-ion batteries, focusing on the recovery of valuable metals such as lithium, cobalt, nickel, and manganese. This process supports various applications, including electric vehicles, renewable energy grids, and consumer electronics. The company employs a Cradle-to-Grave approach that not only reduces costs for manufacturers and distributors but also offers significant benefits to end-users. Additionally, Ziptrax CleanTech utilizes artificial intelligence to enhance battery longevity through a digital platform that facilitates the collection and recycling of used lithium-ion batteries. These batteries undergo extensive testing and quality checks before being repurposed for second-use applications in e-mobility and energy storage, thereby contributing to sustainable practices in the industry.
Ample
Series A in 2018
Ample, Inc. is a San Francisco-based company that specializes in electric battery stations and offers innovative battery swap solutions for electric vehicles. Founded in 2014, Ample operates within the smart energy sector, focusing on enhancing energy delivery for electric transportation. The company employs autonomous robotics and advanced battery technology to facilitate efficient energy exchange. Ample's unique battery system utilizes smaller, interchangeable battery modules, allowing compatibility with a diverse range of vehicles. This approach aims to streamline the charging process, making electric vehicle use more accessible and convenient for consumers.
Sonnen
Series E in 2018
Sonnen is a developer of solar-based energy storage systems that provide clean and affordable energy solutions for residential homes, agricultural farms, and commercial enterprises. Since the introduction of the Sonnenbatterie in Germany and Austria in 2011, the company has focused on integrating energy storage with home automation platforms. This integration allows users to actively manage their energy consumption, optimizing the use of energy harvested from solar photovoltaic systems or the grid. Sonnen's offerings extend beyond simple storage, incorporating features such as smart metering and virtual power plant integration, designed to enhance energy management and provide tailored solutions for various energy needs.
Axiom Exergy
Series A in 2018
Axiom Exergy Inc. is an energy storage company focused on developing innovative refrigeration batteries designed for supermarkets, cold-storage facilities, and food processors. Founded in 2014 and headquartered in Richmond, California, the company provides energy management solutions that include thermal energy storage retrofits and software for monitoring and managing energy use in refrigeration systems. Its products feature an optional integrated backup cooling system, which safeguards food from spoilage during power outages. Axiom Exergy also offers services related to energy management, thermal energy systems engineering, and hardware development, aiming to optimize energy consumption and reduce operational costs for commercial buildings with significant thermal loads.
ION Energy
Pre Seed Round in 2018
ION Energy, Inc. is a manufacturer of energy storage systems based in Bayside, New York. The company produces batteries designed for scooters and homes, along with battery management systems that enhance the performance and reliability of these energy solutions. ION Energy also offers a battery analytics and diagnostic platform known as RIFT, which utilizes advanced analytics and artificial intelligence to support electric vehicle and energy storage providers. This technology enables organizations to make informed decisions quickly, providing them with the flexibility to either deploy ready-to-use battery management systems or develop custom solutions tailored to their specific needs. ION Energy has positioned itself as a key partner for original equipment manufacturers and battery pack manufacturers seeking innovative battery technology.
Husk Power Systems
Series C in 2018
Husk Power Systems Pvt. Ltd. is a renewable energy company based in Patna, India, that focuses on generating and distributing electricity to households, community services, small businesses, and factories. Founded in 2007, the company utilizes biomass waste—such as rice husks and other agricultural residues—to produce electricity through its proprietary technology. Husk Power Systems designs and operates mini-power plants and micro-grids, offering electricity as a pay-for-use service primarily to rural areas. This approach not only provides reliable lighting, reducing reliance on kerosene, but also fosters economic development by enabling microenterprises and the use of electricity-operated machinery. By creating a sustainable energy ecosystem at each power plant, Husk Power Systems aims to deliver shared value to its stakeholders and stimulate local economies.
Grassroots Energy
Seed Round in 2018
Grassroots Energy is an energy company focused on developing clean energy solutions by producing biomethane and bio-hydrogen from waste. Utilizing various technologies, the company converts agricultural and farm waste into biogas, which can be used for electricity generation and clean cooking. This approach not only contributes to sustainable energy production but also helps small and marginal farmers enhance their income by adding value to their bio-waste. Through its innovative methods, Grassroots Energy aims to address environmental challenges while supporting local economies.
ArSta eco
Seed Round in 2018
ArSta eco is an eco-technology company focused on transforming agricultural waste into sustainable carbon products, including biocarbon, biochar, and sustainable charcoal. The company employs advanced technology, such as a pyrolysis reactor, to convert agricultural residue into useful resources, thereby facilitating waste recycling and promoting carbon sequestration. By integrating modern technology with traditional methods, ArSta eco aims to optimize resource usage while addressing the essential needs of food, water, and energy for society. The company's mission underscores the importance of sustainability, emphasizing that responsible resource management today is crucial for meeting future generations' needs.
Geli
Series A in 2016
Geli, or Growing Energy Labs, Inc., specializes in providing software and business solutions for the design, automation, and management of energy storage systems. The company's offerings create a cohesive ecosystem that allows project developers, original equipment manufacturers, financiers, and project operators to efficiently deploy advanced energy projects. By utilizing a hardware-agnostic software platform, Geli streamlines the energy storage development process, enabling clients to minimize their environmental impact while enhancing project efficiency.
Aquion Energy
Series E in 2014
Aquion Energy is a manufacturer of innovative energy storage solutions, specializing in sodium ion batteries designed for long-duration stationary energy storage. The company's proprietary Aqueous Hybrid Ion (AHI™) battery technology, developed from research by Carnegie Mellon University Professor Jay Whitacre, addresses the limitations of conventional energy storage systems. Aquion's batteries are safe, reliable, and environmentally friendly, utilizing non-toxic components such as saltwater, and they are free from heavy metals and toxic chemicals. These features make the AHI systems non-flammable and non-explosive, positioning them as a sustainable alternative for clients seeking to decrease reliance on fossil fuels. By optimizing existing grid-tied generation assets, Aquion Energy enhances the flexibility and efficiency of the electrical grid, facilitating the broader adoption of renewable energy technologies.
GlassPoint Solar
Series C in 2014
GlassPoint Solar, Inc. specializes in the design, manufacture, and installation of solar thermal steam generators tailored for the oil and gas industry globally. The company focuses on providing solar steam for enhanced oil recovery (EOR) applications, significantly reducing gas consumption by up to 80% compared to traditional gas-fired steam generation. GlassPoint serves a diverse clientele, including independent producers, national oil companies, and various manufacturing sectors, with a particular emphasis on regions such as Southern California, North Africa, Western China, and Madagascar. Founded in 2008 and headquartered in Fremont, California, GlassPoint also maintains regional offices in Muscat, Oman; Kuwait City, Kuwait; Bakersfield, California; Santiago, Chile; and Shenzhen, China.
GlassPoint Solar
Series B in 2012
GlassPoint Solar, Inc. specializes in the design, manufacture, and installation of solar thermal steam generators tailored for the oil and gas industry globally. The company focuses on providing solar steam for enhanced oil recovery (EOR) applications, significantly reducing gas consumption by up to 80% compared to traditional gas-fired steam generation. GlassPoint serves a diverse clientele, including independent producers, national oil companies, and various manufacturing sectors, with a particular emphasis on regions such as Southern California, North Africa, Western China, and Madagascar. Founded in 2008 and headquartered in Fremont, California, GlassPoint also maintains regional offices in Muscat, Oman; Kuwait City, Kuwait; Bakersfield, California; Santiago, Chile; and Shenzhen, China.
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