[Earth VC Monthly Roundup] Greener 2024 as Climate Tech Seeds Sprouting!

Dear valued readers,

2024 is finally here! During the past years, despite ups and downs and market turbulence, Earth VC was able to navigate through all the challenges and achieve remarkable milestones in our journey of making an impact on our planet.

Join us in celebrating the changing seasons in this December edition of Earth Venture Capital's newsletter! As nature transforms, so do our efforts in the sustainable investment landscape. In this edition, we are excited to share the latest progress of innovative startups committed to creating a more sustainable and prosperous future.

PORTFOLIO UPDATES

GetSolar

Eyes on the future

Renewable energy is the inevitable solution that the global market is demanding, to save our planet from damage and pollution from greenhouse gas.

GetSolar (formerly SolarAI) had a fantastic year in 2023, pursuing their mission of “making solar journey effortless to all” by covering as much surface with solar panels as possible.

They have covered 16,000 tons of CO2 abated, with 1200kWp of system through 90+ residential projects installed last year. With such momentum, GetSolar aims for even bigger coverage in the year to come. Their plan includes innovation and updates of available services, ranging from app updates to expansion and divergence into other markets.

Learn more

BeeX

$2 million bridge round secured

Our portfolio company BeeX has recently announced the closing of their oversubscribed funding round! With the total amount of $2 million, the funding round led by EarthVC, Seeds Capital and participation from NUS Technology Holdings, Ship Focus Ventures and Infinitia VC, BeeX is on the mission to speed up its go-to-market efforts for autonomous offshore wind farm inspections in Europe.

They announce that by the end of 2024, BeeX aims to launch a next-gen HAUV called Betta to address the heightened demands for offshore wind inspection services.

Learn more

CLIMATE INVESTMENT INSIGHTS

Cop28 President throws shade on fossil fuel phase-out, sparking fiery debate and highlighting the immense market potential for clean energy alternatives

While Cop28 President's stance against a complete fossil fuel phase-out ruffled feathers, it also unveiled a critical reality: the clean energy revolution needs robust alternatives ready to fill the gap. This creates a fertile ground for climate tech investors to focus on solutions in sectors like sustainable aviation fuels, clean hydrogen production, and advanced carbon capture technologies. Be prepared for a potentially prolonged transition period. Investors are reacting to the change by turning in companies capable of navigating complex policy landscapes and demonstrating rapid scalability to capture early market share.

Collaboration is underway in order to fuel the innovations in Climate Tech

A number of corporations have already made efforts to support innovation, with climate-risk analytics providing insights for asset owners and financiers. Ratings agencies have also been acquiring innovators. Examples include S&P Global launching its Global Sustainable platform and acquiring The Climate Service. Multinational investment company BlackRock also joined in by acquiring physical climate risk models from Rhodium, a climate research group, and developed Aladdin Climate, a climate risk analytics service for clients. Policymakers are also taking note. Miami Dade was recently selected as a regional tech hub for climate resilience, unlocking access to up to $75 million, funded by the U.S. Economic Development Administration’s Regional Technology & Innovation Hubs Program. The U.K’s Innovation Fund is investing $181 million in 25 projects addressing flooding and coastal resilience. The UN’s Adaptation Fund committed $998 million for climate change adaptation and resilience through 139 projects in developing countries.

Carbon Pricing Maze: Can Tech Navigate Policy Twists to Unlock Green Gold?

While the fight against climate change heats up, governments are experimenting with diverse carbon pricing mechanisms. From carbon taxes in Europe to cap-and-trade schemes in Asia, the landscape is a complex patchwork. For climate tech investors, deciphering this policy puzzle holds the key to unlocking lucrative opportunities. Companies developing technologies that adapt to different pricing models, be it carbon capture solutions that benefit from direct taxes or renewable energy providers poised to thrive in a cap-and-trade system, stand to win big. Navigating this policy labyrinth may be tricky, but the rewards for tech pioneers with adaptable solutions could be truly golden.

UPCOMING EVENTS/ PROGRAMS

The livability challenge 2024 - Submission form closing soon!

Asia's largest sustainability solutions platform, The Livability Challenge 2024 (TLC 2024) submission form will be closed in 1 month!

Start-ups that focus on solutions enabling large-scale decarbonization, ecological resilience and climate adaptation, as well as efficient and circular food systems, are eligible to apply for the program.

The team with the most potential and successful execution will have the opportunity to receive over S$2 million in funding and incubation opportunities on two main tracks - Climate Change and Food & Nutrition.

?? Earth VC is honored to be this year The Liveability Challenge Amplifier Partner. As a venture capital firm dedicated to investing in companies that tackle the climate change crisis with deepened technological solutions and innovations, we are confident in our ability to be a part of this global platform that seeks to find disruptive changes to urban challenges.

Submit your innovation

HAPPY NEW YEAR 2024TO OUR ESTEEMED READERS ??

As 2024 is already here, the team at Earth Venture Capital would like to entend our heartfelt thank you for all the support that we received in the last year!

We have achieved valuable milestones in our investment journey, onboarding innovative teams to our portfolio with lots of diversification, all of which will not become a reality without the support from all of you, those who not only trust but also actively join hands toward a common vision of building a greener and sustainable Earth.

Thank you for joining us on this journey to drive positive change and create a meaningful impact in the world. Your attention and interest are genuinely appreciated.

Earth VC would like to wish all of you a prosperous and cheerful new year. May we all seize valuable opportunities, filled with lots of luck and successful ventures ??

For those eager to delve deeper into Earth Venture Capital, visit our website or connect with us on Facebook and Linkedin. We're excited about the prospect of staying connected with you and working together toward a more sustainable future.

Best regards,

Earth Venture Capital