DCVC wanted to raise $500M for its first climate fund, but the market had other plans

DCVC's target for its first climate-focused fund, DCVC Climate Select, has been all over the place and highlights the roller-coaster venture fundraising conditions of the last few years and how LPs aren’t as quick to back new strategies from established managers. The Silicon Valley VC fir

Evari turns to rocket science to solve problems with heat pumps

Off a highway nestled in the woods of New Hampshire, a small group of engineers have been quietly working on advanced heat pumps inspired by rockets and satellites, of all things. Evari emerged from stealth on Tuesday with its core technology related to rocket turbomachinery. The goal is to add doz

AirMyne taps geothermal energy to scale direct air carbon capture

Sometimes insurance isn't just money. Sometimes it's equipment. That's one way to think about direct air capture, a technology which uses machines to pull carbon dioxide straight from the atmosphere. The idea has been floating around for years, but it received a surge of interest in the

India’s electric two-wheeler startups surge to over 150 as government revs up EV push

The number of startups in India’s electric two-wheeler market has surged to over 150 from 54 in 2021, driven by government incentives to promote clean vehicles and cut oil imports, according to a new analysis. The influx has intensified competition in a segment expected to grow 15-20 times to

Pint-sized pickup startup Telo Trucks adds Tesla co-founder to board as interest grows from fleet customers

When electric-vehicle startup Telo Trucks announced its pint-sized pickup, people predictably went nuts. There's a cadre for whom small trucks aren't just convenient, they're a lifestyle, one that major automakers have largely ignored for the last 20 years as they've chased high-mar

Leonardo DiCaprio backs YC alum SolarMente to democratize solar power in Spain

Not all countries in Europe get lots of sunlight. You’d think Spain would be big on solar energy generation since it’s one of the sunniest countries in Europe — peak sun hours in Spain put it on par with the U.S. West Coast, after all. However, Spain still lags behind Germany and the

SEC adopts climate disclosure rules, giving carbon accounting startups firm footing

The SEC voted on Wednesday to require public companies to report a portion of their greenhouse gas emissions and their exposure to risks from climate change. The rules will require certain companies to report their Scope 1 and 2 emissions, those that result from direct operations and energy use, bu

Compete or cooperate? Five deep tech investors opt for shared gain over sharp elbows

The prisoner's dilemma is a classic thought experiment that explores how people can collaborate for mutual gain — or how one might screw the other over for a lesser reward. Can you guess which outcome venture capital might resemble? A group of Boston investors wishes it were different.

Turns out you can use kombucha to make eco-friendly thread

It’s not every day you come across kombucha playing a starring role in potential industrial disruption. But here at 4YFN in MWC we got chatting to Laura Freixas about her PhD research project that’s using a base of the fermented hipster tea to “upcycle” organic waste into fi

Hohm Energy to scale adoption of rooftop solar across South Africa, backed by $8M seed

In the face of South Africa's worsening energy crisis, marked by increasingly severe power shortages, implementing daily electricity rationing has become imperative to avert the risk of a nationwide grid collapse. According to the state-owned power generator Eskom, the country witnesses a signi

Arch has a plan to help HVAC contractors install more heat pumps

Heating and cooling might sound basic, but after solar, it's the next frontier in residential decarbonization. By the end of the decade, a group of 25 states has a goal of installing 15 million heat pumps. Nine of those states want 90% of their residential heating, cooling, and hot water equipm

Arnergy, which provides solar power systems to homes and businesses in Nigeria, raises $3M

Arnergy, a Nigerian clean tech startup that deals in distributed renewable energy products and solutions, has raised $3 million in new financing. The bridge round was financed by All On, a Shell-backed off-grid energy impact investment company. The financing comes five years after Arnergy, a provid

Why Rally Cap VC, a fintech investor for emerging markets, is launching a $5M climate fund spinoff

Last year, Amini, a Kenya-based climate tech startup using data from satellites to offer insights on crop health and track farming progress, announced pre-seed and seed rounds six months apart. Not only did the startup manage to raise rounds in quick succession, which was commonplace a few years ba

ProducePay raises $38M to tackle produce supply chain waste

Food waste is a major problem. In the U.S. alone, roughly 30% to 40% of the supply ends up in landfills. A United Nations report estimated that around one-third of the world’s food is wasted every year, adding up to 1.3 billion tons — worth almost $1 trillion. Given the