Climate Tech Updates

Take a look at what happen in the European climate tech startup ecosystem last week! 👀




Funds


💸 Women-led VC firm TMV, formerly known as Trail Mix Ventures, raises $64 million to back ‘Triple Bottom-Line’ startups benefiting the planet. The new fund is backed by financial giants including Bank of America and J.P. Morgan Asset Management.




🇪🇺 EU Request for Proposals


Breakthrough Energy Catalyst published a request for proposals for large-scale deep green tech projects based in Europe. The request will trigger investments in the areas of clean hydrogen, sustainable aviation fuels, direct air capture, and long-duration energy storage. The Partnership will mobilise €820M between 2022-2026.




Corporate commitments


🌐 SAP commits to achieve net-zero along our value chain in line with a 1.5°C future in 2030, 20 years earlier than originally targeted. SAP is tackling sustainability challenges such as climate change, waste and pollution, and social inequality to advance market development for adoption of sustainable business solutions and practices that benefit our customers, people, and the planet and profit.



⛰ Silicon Valley Bank announced it has committed to provide at least $5B by 2027 in loans, investments and other financing to support sustainability efforts and the company has set a goal to achieve carbon neutral operations by 2025.




Open calls


‼️ Are you a startup, scaleup or SME developing a triple-bottom line solution in Healthcare, Cleantech, Biodiversity or Education? Then submit up to 3 project proposals and get a fully sponsored internship position in your company. The purpose of the programme is to bring smart early in career talents together with game-changing startups, scaleups or SMEs through sponsored paid 3-month summer internships.



🧠 Don’t miss out on your chance to apply for the RESPOND Accelerator 2022 – cohort #3. The RESPOND Accelerator is a 6-month startup accelerator program that systematically advances how entrepreneurs lead, grow and scale sustainable businesses. The program is seeking sustainable business models that systematically addresses: Future of Work, Sustainable Urbanization, and Responsible Economy.



💠 Are you a clean tech startup ready to explore opportunities and strategic partnerships? Join the DeepTech Alliance Clean Energy Accelerator that matches clean energy startups with corporate partners across Europe through an eight-week program.



Ecosystem


🌿 10 Climate Tech Predictions For 2022: don’t miss out on Andrew Beebe’s and Arek Zarowski’s predictions on what to look out for in the months ahead from climate unicorns and carbon disclosure to EV infrastructure scales and clean agriculture.




Milestones


📱 French Back Market, seller of refurbished Iphones, hit a €5.1B valuation becoming the most valued French startup. This came after the startup raised €450M which will be invested in boosting its reputation internationally and launching new services.



🏠 Tado, the German smart home startup that specialises in thermostats and more recently moved into flexible “time of use” energy tariffs based on loadshifting technology, is announcing it is going public by way of a SPAC deal.



📝 Funding from the European Research Council of over €5M will support three new research projects at University of Warwick. The SHINE project will investigate promising new material for solar energy conversion. The DeepSpark project will develop machine learning algorithms to simulate sustainable chemical catalysis based on light. Lastly, data from the Large Hadron Collider will be used by the KstarKstar project to help understand matter-antimatter asymmetry of the universe.





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