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#139 | 2022 climate tech funding almost doubles 2021 amount
Understory newsletter on climate and sustainability tech
Welcome to the new year! We hope you are off to a great start.
📚 Worth Reading
2022 felt like a significant year for climate tech funding, and now the data proves it actually was. Venture funding for climate tech topped $70 billion, up 89% from 2021.
The energy storage and mobility sectors continued to receive the most funding. We also saw an uptick in the number of deals in emerging categories like the circular economy and carbon markets. The U.S. leads in investment over China and Europe. There are now 83 climate tech unicorns and we expect to see a lot more in 2023.
Worth reading: HolonIQ - Defying gravity, 2022 Climate Tech VC funding
🚀 Funding and Congrats!
Solar energy company Silicon Ranch Corp raised a $600 million round.
Nexus Circular, which turns plastics back into oil, raised a $150 million investment from Cox Enterprises.
Aerones raised $38.9 million in funding. The company's robots help clean and inspect wind turbines.
ElectricPe, an India-based EV charging company, raised a $5 million seed round.
Agtech company Farmwave raised a Series B round.
💡 Startup Spotlight
Sheru - an energy storage cloud based on a global network of distributed batteries.
🌱 Startup Resources
Apply by Jan 9th: gener8tor Sustainability Accelerator Spring 2023
👀 Quick Hits
Germany is working to approve underground carbon storage.
Goodyear made a tire with 90% sustainable materials.
New learnings from Roman structures can make concrete more durable and reduce carbon emissions.
Revisit episodes of The Understory Podcast to hear more stories of innovation in climate and sustainability.
Find and share your open positions on the Understory Slack channel.
🆕 Growth Team at Lithos Carbon
🆕 Vice President (Cleantech) at Antenna Group
🆕 Vice President, Sustainability Solutions at U.S. Ventures Inc.
🆕 VP Sustainability at LA28 (Olympic Games)
🆕 Director of Sustainability at alice + olivia
🆕 Vice President, EV Strategy at JLL
🆕 AVP, Corporate Development Carbon Free 2050 at Xcel Energy
ESG Intern at Platform.sh
Sustainability Manager (consulting) at Agendi
Program Operations Lead at Third Derivative
Co-Founder / Chief Marketing Officer at Climate Team
GM Sustainable Building Technology at Honeywell
Manager of Sustainability & Strategy Execution at Ericsson
Senior Manager of Innovation and Sustainability at Tropicana Brands Group
Analyst, Life Cycle Assessment at ClimeCo
Investment Associate at Energize Ventures
Multiple positions at UtilityAPI
Director, ESG at Warner Music Group
Multiple openings at Climate X
Do you have any events to share? Post them in our Understory Slack community.