Climate-Tech continues to gather investor attention across sectors with 44 deals raising a cumulative of $193 Mn between April-June 2023
While the total investment value has seen a decline of 16% from the previous time period, the overall deal volume has seen an increase of 47% propelled by more than 30 deals each having an investment value of less than $10 Mn.
The largest investment was in the Sustainable mobility segment, which continues to lead the total investment volume as well as deal value. While EV manufacturers have raised funding such as Oben EV and River, we also see repeat funding being raised by fleet & rental service providers players, with approximately 33% of the deal value attributed to the funding raised by Blusmart Mobility ($37 Mn - Series B)
The segments of Climate-smart Agriculture & Food saw an increase in deal value, with innovative solutions such as climate precision agriculture and alternative proteins attracting investment. The increase in the deal value for Climate-Smart Agriculture can be attributed to Pixxel, a geo-spatial agri-solutions provider assisting with crop health monitoring amongst varied other solutions, which raised $36 Mn in the Series B funding round. Waste Management & Circular Economy has seen deals in the sustainable consumables space. The Energy sector has received funding towards different solutions belonging to clean energy access and energy optimisation segments.
It is also noteworthy to mention that Seed stage funding is being seen to enterprises providing innovative solutions that enable organizations to monitor and evaluate their carbon footprint, by leveraging technology.
Stage Wise Analysis
*Amounts mentioned in USD Mn
Sector wise analysis
*Amounts mentioned in USD Mn
