Recent Deals – 28 September
Looking for the latest market movements in cleantech? From faster charging batteries and carbon sink tracking to connected cars and indoor farming of leafy greens, you’ll find the insights you’re looking for right here.
Agriculture & Food
Infarm completed a Series C funding round, closing with $170 million raised. The company is building indoor farming units that can be placed in stores to provide fresh, leafy greens. The investment was raised from LGT Lightstone, Hanaco, Bonnier Ventures, Haniel, Latitude Ventures, Atomico, TriplePoint Capital, Mons Investment, Astanor Ventures, Balderton Capital, Cherry Ventures and LocalGlobe. Infarm now has operations across 10 countries and 30 cities worldwide and it claims to harvest 500,000-plus plants monthly.
Energy & Power
Natron Energy, developer of fast- charging batteries with extended lifetime for improved stationary energy storage solutions, secured $19 million in grant funding from the U.S. Department of Energy’s Advanced Research Projects Agency-Energy (ARPA-E). The funding will enable prototyping and expansion into the electric vehicle and stationary grid battery energy storage system sectors. The batteries are reportedly less costly compared to lead acid batteries and have higher power density.
Materials & Chemicals
Sironix Renewables creates plant-based ingredients for cleaning and personal care products to reduce their environmental footprint by minimizing energy usage and waste. It received a $1.15 million grant from the U.S. Department of Energy and $645,000 in seed funding from the University of Minnesota’s Discovery Capital Investment. The new funding will allow acceleration of the production process.
Resources & Environment
Pachama, a developer of satellite and LiDAR-based carbon storage estimation solutions, secured $5 million in Series B funding from Breakthrough Energy Ventures, Amazon’s Climate Pledge Fund, Serena Ventures, Aglae Ventures, AirAngels, Sweet Capital, ThirdKind Ventures, My Climate Journey, Xplorer Capital, Saltwater, Lowercarbon Capital and other angel investors. The funding will allow continued development of Pachama’s digital carbon visualization platform.
Transportation & Logistics
Aurora Labs is developing machine learning algorithms to analyze risks and changes in software functionality and behavior used in connected cars. The company secured $23 million in Series B funding from LG Technology Ventures, Marius Nacht, Porsche SE, Toyota Tsusho and UL Ventures. The proprietary solution can detect faults and errors in vehicles’ codebases and generate fixes automatically. The company intends to use the additional funding to further develop its solution.
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