The world is moving towards a more sustainable future, and Climate Tech is at the forefront of this change. With billions of dollars in investments pouring into the sector, there's no doubt that the industry is experiencing a significant shift. In this snapshot, we've compiled some of the most significant trends and developments in Climate Tech for FY 2022.
The most-funded Climate Tech segments are electric car manufacturers, electric pickup truck manufacturers, and lithium-ion batteries. These segments have received $2.5B, $2.3B, and $2.0B, respectively. This shows that investors are heavily interested in companies that are promoting sustainable transportation and energy storage solutions.
Rivian, a manufacturer of off-road electric pickup trucks for adventures, takes the lead with $10.5B in funding, followed by Northvolt, a manufacturer of lithium-ion batteries for electric vehicles, with $5.5B. View, a developer of AI-powered and app-based glass for commercial buildings, received $3.5B in funding. These companies are leading the charge in Climate Tech innovation, and investors are taking notice.
Apart from the most-funded companies, several other notable companies are making strides in Climate Tech. CFS provides tokamak nuclear fusion reactors, while Enovate is a manufacturer of electric cars. Redwood Materials offers lithium-ion battery recycling solutions, and TIER is an app-based rental platform for electric kick-scooters. These companies are paving the way for a more sustainable future.
Climate change is not just an issue for the Climate Tech industry. Many other industries are also making strides to reduce their carbon footprint. This snapshot provides insights into the deals made by different industries, such as the oil and gas industry, to reduce their impact on the environment.
Many companies are investing heavily in R&D to develop new solutions for Climate Tech. This snapshot provides insights into the patents filed by different industries, such as the automotive industry, for sustainable transportation solutions.
Don't miss out on the latest trends and developments in Climate Tech for FY 2022. Download the full snapshot now and stay ahead of the curve.