Transactions of over $100M announced by SunRoof and others, and the Biden-Harris administration steers USA into a greener economic future

Sustainable Investment Round-Up

Transactions of almost $100 million announced by Sublime Systems, SunRoof, Forum Mobility, Membrion, Log9 Materials and Triple Solar?

Sublime Systems, a developer of technology which decarbonizes cement raises $40M in a Series A financing round

US-based developer of the technology that producers low-carbon cement, Sublime Systems, has raised $40 million in a Series A funding round. Lowercarbon Capital led the round with participation from existing investors including The Engine and Energy Impact Partners. Siam Cement Group – the largest cement producer in Southeast Asia – is said to join as a strategic investor. The raised funds will be directed to increase its pilot plant production, expand its team, continue product testing and advance offtake commitments from new customers and partners. The decarbonised-cement technology firm is the first of its kind to produce building material through a process that eliminates the emissions from limestone and fossil fuel emissions from high-temperature firing processes. https://bit.ly/3ZWt4eR?

SunRoof, a developer of fully solar 2-in-1 roofs, raises €13.5M in a Venture Round with the World Fund as lead investor

SunRoof, Sweden-established renewable energy manufacturer, has closed around $14 million in an extended round. The extension was led by the trio of titanic European climate tech investors World Fund, Nordic Alpha Partners and Legal & General Capital. The raised funds are an extension of the former growth round led by Klima Energy Transition, the growth equity fund of Alantra, which totals the investment to over $30 million. SunRoof intends to utilise the funds for its increased international reach into households and businesses located in Germany, the Nordic zone, Poland and the US. https://bit.ly/3H3v4t5?

Forum Mobility raises $15M Series A financing with CBRE Investment Management as lead investor

US-based zero-emission trucking solutions provider, Forum Mobility, has announced the closure of a $15 million Series A round and a $400 million joint venture both led and funded by a fund sponsored by CBRE Investment Management. Amazon’s Climate Pledge Fund also took part in the round, alongside Homecoming Capital, which provided $100 million to the joint venture. The raised funds will assist Forum Mobility to provide comprehensive and zero-emission charging and vehicle solutions to truck drivers. https://bit.ly/3R6xNqA?

American manufacturer of high performance ion exchange membranes, Membrion, raises $7M in a Series B round

Membrion, a US-based start-up manufacturer of durable ceramic desalination membranes, has raised $7 million in a Series B investment round led by PureTerra Ventures. Other investors included Safar Partners, GiantLeap Capital, Freeflow and existing shareholders. As a result of the transaction, both the managing partner of PureTerra Ventures and co-founder of GiantLeap Capital will join the Board of Directors at Membrion. The Series B investment will fund Membrion in its continued expansion of ceramic desalination membranes for water recovery, as the firm strives to reduce the expense of treating harsh industrial wastewater sources. https://bit.ly/3kDQMfK?

India Nanotech company, Log9 Materials, raises ?912.5M (over $11M) in a Series B funding round

India-established electric vehicle battery manufacturer, Log9 Materials, has raised over $11 million in an extended Series B round led by PTV International Ventures. SiriusOne Capital and Cornerstone Ventures were amongst other investors included in the cash injection, states Salman Ashrafi at Entrackr. The extended round follows a $9.4 million fundraise from Amara Raja Batteries. https://bit.ly/3D89gvf?

Triple Solar, a solar heat pump manufacturer from the Netherlands, raises €10M in a Venture Round to further their mission of making heating homes sustainable

Triple Solar, Netherlands-based solar heat pump designer and manufacturer, has secured over $10 million in a growth fund. The involved investors included existing shareholders such as Participatiefonds Duurzame Economie Noord-Holland (PDENH), DOEN Participaties and Enfuro Ventures. The two Triple Solar founders, Cees Mager and Terence van Buuren, also invested. According to Vishal Singh from Silicon Canals, ABP participated as a new investor. The raised funds will be used by Triple Solar to continue the rollout of its heat pump system on an international scale; expand its production capacity, and develop a range of new energy-efficient products and services. https://bit.ly/3Dvxdx5?

Biden- Harris Administration Releases National Strategy to Put Nature on the American Balance Sheet

The Biden-Harris administration announced last week its plans to create a roadmap for the quantification of the value the environment has on the North American economy. This data is proposed to be used as a guide to policy and business decisions, and ensure that nature is viewed as an asset on the balance sheet of the nation.?

“Natural assets, like land and water, underpin businesses, enhance quality of life, and act as a stabilizing force for economic prosperity and opportunity. They also help counteract the destabilizing risks to our environment and markets caused by climate change and nature loss. Yet the connections between nature and the economy are not currently reflected in our national economic statistics.”?

– Arati Prabhakar, The White House Office of Science and Technology Policy (OSTP) Director?

The National Strategy to Develop Statistics for Environmental-Economic Decisions, as a historic roadmap, will initiate a series of efforts to include natural capital in the national economic accounting system so as to better understand the link between nature and the economy.?

In combination with current authorities and the integration of numerous existing natural capital measurement efforts across the government, the roadmap will ensure the organisation of information needed to inform decisions that will enhance future nature-dependent economic opportunities.?

Find out more in the press release by The White House.?

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The Endow Capital Team?

Endow Capital meets the most pressing global development issues by matching innovative companies with impact capital, achieved by its corporate finance advisory and strategic consulting services. Find out more about our work.

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