Recent Deals – 27 October

Looking for the latest market movements in cleantech? From Fresh produce to your doorplastic and metals recycling, to hybrid charging  find the insights you’re looking for right here.

Agriculture & Food

Instacart, provider of same-day delivery for fresh produce and organic products, raised $200 million in growth equity funding from D1 Capital Partners and Valiant Capital Partners. This new round brings the total raised in 2020 to $525 million. The funding will be used for product development to enhance the online platform’s capabilities and features, as well as to expand customer outreach through advertisements.

Energy & Power

Redaptive, provider of turnkey energy efficiency retrofitting solutions including HVAC and LED lighting, secured $156 million in a Series B funding round. Investors include CarVal Investors, CBRE Group, ENGIE New Ventures, Evergy Ventures and Linse Capital. The company aims to expand its product offerings, as well as finance and deploy new projects. Redaptive’s efficiency-as-a-service solution caters to both commercial and industrial customers across their portfolio.

Materials & Chemicals

6K Additive, developer of plasma technologies for the production and processing of nanomaterials, secured $1 million in grant funding from the U.S. Department of Defense through a Phase ll SBIR program. The funding will be used to convert nickel scrap metals into powder suitable for use in additive manufacturing utilizing 6K’s proprietary UniMeltÒ technology. The Phase II program objective is to establish a domestic supply chain for alloys.

Resources & Environment

Renew ELP, developer of chemical recycling technology to transform plastic into chemicals and oils, secured $5.2 million from Innovate UK to finance the development of a plastic chemical recycling plant in the UK. The plant aims to recycle circa 80 MT of plastic per annum and is poised to tackle waste from previously unrecyclable plastics.

Transportation & Logistics

Blackburn Energy, developer of renewable electricity generation system for heavy duty trucks, raised $100,000 in seed funding from Massachusetts Clean Energy Center (MassCEC), Breakthrough Energy Ventures, SE Ventures (SEV), Clean Energy Venture Group and NOVA. The funding comes through MassCEC’s Bridging Recovery for Innovators Driving Green Energy Solutions (BRIDGES) program, developed to support early-stage start-ups in Massachusetts affected by Covid-19.

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