The GreenTech Industries Taking Over The World
Green Technology, more commonly named CleanTech or ClimateTech, is the disruptive GreenTech industry gaining momentum as the climate crisis becomes imminent. As awareness and support increase for innovation and technology to drive a cleaner future, global leaders around the world are focusing efforts on pouring investment into these GreenTech industries. From AgTech, Decarbonization and Future Mobility, to Circular Economy, Smart and Energy Storage, these sectors are developing trail-blazing technologies to reverse the devasting effects of climate change and accelerate a sustainable future.
Armed with the task to solve the planet’s biggest sustainability challenges, these GreenTech industries are equipped with a whole host of technologies that are ready to scale. Such technologies are undoing the planet’s build-up of the greenhouse effect, disturbed ecosystems, and global warming.
And the achievements so far are something to shout about. GreenTech investment is now 23 times larger than it was over a decade ago, and 2.5 times larger than pre-pandemic levels in 2019. Notable funding rounds have hit the headlines, such as Northvolt’s $2.8B Series E raise and Rivian’s $5.2B Pre IPO Series F round, as well as 43 GreenTech’s hitting unicorn status as of 2022, collectively raising $50B at a $130B valuation.
The Emerging GreenTech Industries
At Storm4, we are proud to partner with many amazing GreenTech’s making a remarkable impact on the future of our planet. This article spotlights these startups, who are developing technologies across the GreenTech industries of:
Muddy Boots | Herefordshire, UK
Trusted by over 3,300 brands, Muddy Boots helps its customers produce safer, more sustainable food through supply chain and farm management software. Delivering insights, driving better decisions and enabling collaboration across global supply chains, the start-up offers leading solutions for Farm and Agronomy, Food Safety and Compliance, Product Quality, Supply Chain Management and Sustainability.
Acquired by Telus, the leader in communications and information technology, the partnership has fuelled Muddy Boot’s ability to grow in key markets across North America and Asia, and to accelerate the development of its digital supply chain solutions.
The Managing Director of Muddy Boots Software, Jonathan Evans, comments; “This acquisition positions Muddy Boots well to continue the journey towards providing the best connected digital experience for our customers in the food supply chain market and gives us access to the necessary resources to further enhance our advanced analytics and connected digital services”.
rePurpose Global | New York, US
With the world on track to double plastic pollution to 104 million metrics by 2030, rePurpose is hoping to change the trajectory and empower the world to go plastic neutral. The Plastic Action Platform is dedicated to reducing waste, reviving lives, and restoring nature’s balance, helping people and companies calculate, reduce, and offset their plastic footprint.
To date, rePurpose Global has created systemic change for people across 26 countries and hundreds of purposeful brands worldwide, positively impacting the lives of 10,000+ marginalized waste workers and community members worldwide.
Co-Founder, Aditya Siroya, comments; “We want to connect conscious, like-minded consumers across cities, even countries, to collectively identify and act on the issue of plastic pollution through a range of actions, from advocacy to activism to volunteering on the ground”.
Bullfinch | Hessen, Germany
Described as ‘the catalyst for local clean energy’, Bullfinch is a clean-energy-as-a-service technology platform that brings together clean energy project developers, investors, and lenders. They specialize in clean energy project financing, enabling the growth of clean energy entrepreneurs with easy and accessible financing solutions.
By leveraging smart tech infrastructure to enable large-scale investing into decentralised assets, the platform is the first of its kind with the best possible risk-return ratio in the industry.
Founder, Robin Haack, comments; “By 2025, 80% of the world will have access to bullfinch’s simplified financing solutions. Our mission is to make it possible for everyone in the world to have access to clean, reliable, affordable and locally generated energy so as to restore balance on our beautiful planet.”
Persefoni |Arizona, US
The leading climate management and accounting platform (CMAP), Persefoni’s SaaS technology enables the world’s largest organizations to measure, report, and reduce their carbon footprints. Its pitch is an “ERP for Carbon Data”, replacing the traditional manual and consulting-based approach and avoiding proprietary approaches.
October 2021 witnessed the company raise an impressive $101 million in a Series B funding round, and its current portfolio to date holds four of the 10 largest global Private Equity firms and four of the world’s 20 largest banks, along with several global insurance companies and pensions/endowments.
CEO and co-founder of Persefoni, Kentaro Kawamori, comments; “The market is rife with data and software solutions that create new proprietary methodologies every day, and our customers are beyond tired of that approach. We work daily with the world’s pre-eminent industry standards setters and regulators to enable transparency and trust at the highest levels.”
Tesvolt | Saxony-Anhalt, Germany
Specialising in developing innovative, sustainable energy storage systems (ESS), Tesvolt assembles ESS for a variety of commercial and industrial (C&I) markets, using third party-supplied lithium-ion battery cells. These batteries, combined with their patented TÜV-certified Active Battery Optimizer (ABO) smart cell control system, reap rewards for the environment and are the economical choice for the most demanding applications.
Back in 2019, Europe’s first Gigafactory for battery storage systems opened in Germany, designed for the fully carbon-neutral production of Tesvolt battery storage systems. More recently, November 2021 witnessed a €40 million raise in equity funding, which will be used to accelerate its international activities and pursue its focus on developing innovative products.
Founders, Daniel Hannemann and Simon Schandert commented; “Our goal is to bring affordable, clean energy to every corner of the world. Even to places where people have no access to the utility grid.”
Joby Aviation | California, US
Despite being founded over 10 years ago, Joby Aviation is one of a handful of players in the electric vertical takeoff and landing (eVTOL) space. In that time, it has developed an eVTOL aircraft that seats five people, a pilot and four passengers, and can travel at speeds of up to 200 miles per hour. It plans to launch its air-taxi service in 2024 and aims to be the world’s largest airline by departures by 2030.
The start-up received a monster $590 million Series C round of funding back in 2020, led by Toyota Motor Corporation, who will share its expertise in manufacturing, quality, and cost controls. This support, along with the capital investment, will accelerate the certification and deployment of this new mode of local transportation.
Founder and CEO, JoeBen Bevirt, commented about the injected capital; “We are building a new system for transportation to transform your daily life, at greater safety and, in time, at a similar cost to driving. I am excited to harness Toyota’s engineering and manufacturing prowess helping to drive us to achieve our dream of saving a billion people an hour a day”.
Vimcar | Berlin, Germany
Having established themselves as Germany’s leading fleet management software, Vimcar originally launched with a mileage-logging product but has since extended its offering with a dynamic fleet management platform, designed for the needs of SMEs.
Since its founding in 2013, Vimcar has recorded more than 222 million journeys and over 2.7 billion miles. Raising 20 million euros in two investment rounds has led to Vimcar connecting its 100,000th company vehicle last year.
Co-founder and Managing Director, Andreas Schneider, commented on this impressive milestone; “It’s incredible to think of what we’ve achieved and hitting 100,000 connected cars is a huge moment for Vimcar. Our customers choose us because we develop the product specifically to meet their needs – to be easy to use, to increase efficiencies, to save them time and money, and working in partnership for mutual success.”
Cityzenith | Chicago, US
Described as the world’s leading urban Digital Twin platform provider, Cityzenith creates next-generation software tools for building professionals. The platform creates a single 3D earth model platform that would unify, correlate and optimize all the disparate data systems and tools used to design, build and run today’s modern cities.
Today, the company is on an upward trajectory, raising $12 million since inception and doubling headcount over the last year. Earning its place in the market, Cityzenith won its first major international award at the World Smart Cities Awards in Barcelona, for ‘Top Innovation’.
Founder and CEO, Michael Jansen, commented; “3D virtual replicas of buildings and infrastructure are really taking off and I believe we are well-positioned to help enable President’s Biden’s post-COVID ‘Race to Zero’ and ‘Build Back Better’ plans to cut carbon emissions and face up to Climate Change. Our user-friendly SmartWorldOS™ platform has unique flexibility to work with almost any existing technology and data on projects of any size – building, campus, district, city, county, state, country”.
Despite these start-ups working in varying GreenTech industries, their goal is alike; develop ground-breaking technology to accelerate a sustainable future. But this goal can only be achieved with the right talent. If you’re looking to scale your GreenTech start-up, get in touch with one of our specialist consultants today!