Funding Archives - Page 2 of 2

Avnos is a Los Angles based direct air capture company, developing a Hybrid Direct Air Capture (HDAC) technology to remove carbon. Photo by Allan Nygren on Unsplash.

Avnos secures $80 million funding in a strategic partnership to create Hybrid Direct Air Capture (HDAC) technology for reversing climate change

Neel TAugust 18, 2023April 27, 202403 mins

Avnos is a Los Angles-based direct air capture company, developing a Hybrid Direct Air Capture (HDAC) technology to remove carbon. It has announced to sign a multi-year strategic and investment partnership with more than $80 million in total with its partners. The partners are ConocoPhillips, JetBlue Ventures, corporate venture capital division of JetBlue, and Shell…

FAA invests $92 million in aviation sector to fulfill net zero criteria.

U.S. aviation sector receives $92 million investment from Federal Aviation Administration (FAA)

Neel TAugust 11, 2023April 27, 202405 mins

FAA invests $92 million in aviation sector to accomplish net zero targets in this field by 2050. The mentioned investment is a part of a $268 million in grants. The $92 million will fund 21 airports to transition their infrastructure and facilities to meet net zero goal in time. Additionally, as part of this sustainability…

Pano AI, climate adaption technology, raises $17M in Series A funding.

Pano AI raises $17M in new capital growth in Series A funding round

Neel TJuly 19, 2023April 27, 202403 mins

Pano AI raised $17M in new capital growth, led by Valor Equity Partners in a series A round. New investors joining the funding are Salesforce Ventures, T-Mobile Ventures and the 5G Open Innovation Lab. Along with existing investors include Initialized Capital, Congruent Ventures, Convective Capital and more. Acquired funding will be used to advance the AI-based detection for active wildfire and to…

India’s Avaada Group announces $1.3 billion funding for green energy solutions

Neel TJune 30, 2023April 27, 202403 mins

India’s Avaada Group has announced the successful closure of $1.3 billion (INR 10,700 crore) funding round. The funding is the largest equity round to be raised in the green energy sector in Asian continents. Avaada Group will use the funding to boost its initiatives of green hydrogen, green methanol, green ammonia, solar manufacturing and renewable…

German startup 1KOMMA5° becomes unicorn with €215 million equity funding

Editorial staffJune 29, 2023April 27, 202402 mins

1KOMMA5° has raised €215 million in a Series B equity funding round at a valuation of more than $1 billion in just 23 months after the climate-focused company was founded. G2VP led the round that also includes €215 million in re-participation options, which can be paid as part of the purchase price for new acquisitions….

CleanHub secures $7 million funding to keep oceans plastic-free.

Neel TJune 28, 2023April 27, 202402 mins

CleanHub secures $7 Million funding led by Lakestar and Integra Partners, for cleaner plastic free coastal regions and oceans. The company aims to fill the waste management gap in developing countries and use funding the funding along with infrastructure to manage waste more efficiently. CleanHub states that 2 billion people in coastal regions worldwide lack…

Carbon removal marketplace Supercritical raises $13M in Series A funding

Neel TJune 22, 2023April 27, 202402 mins

Supercritical has announced $13M Series A funding, led by Lightspeed Venture Pacrtners with support from Greencode, RTP, and MMC. Supercritical has been working towards building a carbon removal marketplace to achieve the goal of removing 10 billion tonnes of CO2 by 2050. By measuring, reducing and removing CO2 with Supercritical, Michelle You, the founder, believes in supporting businesses…

Norwegian Climate fund to Invest in Indian wind power plant

Editorial staffJune 21, 2023April 27, 202405 mins

The Norwegian Climate Investment fund, managed by Norfund, and KLP, Norway’s largest pension company, together commit equity and guarantees for a 168 MW wind power plant developed by Enel Green Power in India – to avoid 570 000 tons of Carbon dioxide equivalent (CO2e) per year. The announcement comes as the first annual report of…

Reask Announces $6.55 million Total Seed Funding

Editorial staffJune 19, 2023April 27, 202406 mins

Reask has announced that it has raised a total of $6.55 million in funding. The most recent $4.6 million seed round was co-led by Mastry Ventures and Collaborative Fund, with participation from Macdoch Ventures and existing pre-seed investors Tencent, SV Angel, and Hawktail. Reask provides high-resolution weather risk analytics and forecasting to calculate the severity…