Clean tech firms announce deals totalling over $60M as BeFC raises funds to revolutionise eco-friendly electronic solutions and other sustainable news

Eturnity Secures $8 Million to Drive Europe's Sustainable Energy Transition

The Swiss B2B SaaS company, Eturnity, has secured over $8 million in a Series A financing round led by Klima, Alantra's Energy Transition Fund. With the investment, Eturnity aims to expand its presence across Europe and contribute to automating and streamlining climate-tech system operations to support Europe's shift towards sustainable energy.

Eturnity offers advanced software solutions for selling, dimensioning, and implementing climate-tech systems in solar, heating, and e-mobility. Their software addresses the skilled personnel shortage and assists businesses in their energy transition efforts.

The firm will allocate a substantial portion of the raised funds towards its ambitious ‘Vision Zero’ goal. This project aims to minimise the need for manual intervention in the dimensioning, sales, and implementation processes of climate-tech systems, and reduce reliance on highly skilled experts. Through streamlining these operations, Eturnity seeks to improve the efficiency and accessibility of climate-tech solutions. https://bit.ly/3p2uAP5 ?

Woltair Raises Over $20 Million to Accelerate Heat Pump Adoption and Expand Internationally

Woltair, a Czech heat pumps and photovoltaic startup, has raised an additional investment of over $20 million in a Series A extension funding round. The round was co-led by existing investor The Westly Group and new investor Fifth Wall, with participation from ArcTern Ventures, KAYA, and Inven Capital.?

The firm specialises in selling, installing, and servicing heat and power sources, particularly heat pumps. With a focus on the German market, where the heat pump industry is experiencing significant growth, Woltair aims to bridge the gap between sales growth and the government's target for heat pump adoption.?

Abhinaya Prabhu from Tech Funding News reports that the funding will support Woltair's international expansion, strengthen its position in the supply chain, and further develop its digital platform. The company plans to launch in Germany and enter the Italian market in the coming months, accelerating the adoption of heat pumps and renewable energy sources while addressing the shortage of technicians. https://bit.ly/3oYljYo ?

BeFC Raises $16 Million to Revolutionise Eco-Friendly Electronic Solutions

BeFC – a French eco-friendly electronic solutions provider – has raised over $16 million in a Series A financing round led by new investor Otium Capital with Avolta Partners as the sole financial advisor. Existing investors Demeter, BNP Paribas Développement, and Supernova Invest participated in the round.?

The firms’ business model focuses on utilising biocatalysts to convert natural biofuels – such as glucose and oxygen – into electricity, addressing the challenges of single-use batteries. Their sustainable paper-based biofuel cell and eco-friendly microelectronics offer data opportunities without the drawbacks of traditional batteries.?

BeFC intends to implement a digital interface across various industries, such as industrial logistics and healthcare, all while reducing costs and environmental impact. The funding will support BeFC's industrialisation efforts to reach a production capacity of 1 million units per day by the end of 2024. BeFC also aims to expand their customer base and target new market segments internationally, particularly in North America and Asia. https://bit.ly/43wufTK ?

Nori Secures $6.25 Million Funding and Appoints New CEO to Drive Carbon Removal Marketplace Expansion

Nori, a US-based leading carbon removal marketplace, has secured an additional $6.25 million in funding, led by current investors M13, Toyota Ventures, Placeholder, and Cargill. With total funding of $17.25 million, Nori aims to become a top provider of solutions for carbon removal suppliers and buyers. They aim to reverse climate change by removing 1.5 trillion metric tons of legacy carbon dioxide from the atmosphere.?

Nori has announced the appointment of Matt Trudeau as CEO and board member. With his expertise in digital markets and exchanges, Trudeau will contribute to Nori's marketplace scaling and expansion of carbon removal product offerings. https://bit.ly/3J43v4H ?

Amogy Raises $11 Million in Series B-2 Funding to Revolutionise Ammonia Power Solutions?

Amogy Inc. – a US-based pioneer in emission-free, energy-dense ammonia power solutions – has concluded its $11 million Series B-2 fundraising round. Notable investors in this round included Marunouchi Climate Tech Growth Fund, Mitsubishi Corporation, Mitsubishi Heavy Industries America, and Synergy Marine. This funding completes Amogy's Series B fundraising, which began with a $139 million Series B-1 round led by SK Innovation.?

The firms’ innovative technology utilises highly-efficient ammonia-to-power systems, aiming to decarbonise heavy industries. The company plans to bring its first product to market in 2024 and has successfully field-tested an ammonia-fueled semi-truck. Amogy, with its investors' support, is ready to revolutionise the maritime industry and achieve zero-emissions targets.https://bit.ly/3qxLFAJ

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