Top 10 Clean Energy/CleanTech Capital Raises in the U.S. – August 12th-18th, 2024
The Clean Energy/CleanTech sector has seen significant activity this past week, with several companies securing substantial funding to drive innovation.
If you would like more info on these deals or would like to discuss the capital raising market for your company, please contact me.
Here are the top capital raises:
Merger/Acquisition
- SRE Power, based in Houston, Texas, was acquired by Asia Properties for $72 million.
Later Stage VC
- Svante, located in Burnaby, British Columbia, raised $50 million in later-stage VC funding to further their carbon capture technology. (New Investor: Canada Growth Fund)
- Thintronics, based in Berkeley, California, secured $23 million in later-stage VC funding to expand its thin-film electronics solutions. (Lead Investor: Maverick Capital)
- BinSentry, located in Kitchener, Ontario, raised $15 million in later-stage VC capital to enhance its IoT solutions for agriculture. (Lead Investor: Spring Mountain Capital)
- Johnson Energy Storage, from Atlanta, Georgia, secured $10.67 million in later-stage VC funding to advance its energy storage solutions.
- EcoLectro, based in Ithaca, New York, raised $10.61 million to further its innovative electrolyzer technology. (Lead Investor: Toyota Ventures)
- Ambercycle, from Los Angeles, California, raised $10 million in later-stage VC funding to develop sustainable textile recycling. (New Investor: Shinkong Synthetic Fiber)
- Ambri, located in Marlborough, Massachusetts, raised $7.36 million in later-stage VC funding to scale its liquid metal battery technology.
- PowerLight Technologies, located in Kent, Washington, secured $5.25 million to develop wireless power transmission solutions.
Early Stage VC
- Aalo Atomics, based in Austin, Texas, raised $27 million in early-stage VC funding to innovate in atomic layer deposition technology. (Lead Investors: Fifty Years, Valor Equity Partners)
Tina Vital
Managing Director
Extensive career in engineering and investment banking focused on debt and equity transactions for infrastructure, energy, metals & mining, cleantech/waste management and other technology-based industries. Began engineering career with Exxon. Began Wall Street career at Citibank. Frequent guest on global financial news shows and the author of numerous engineering and energy finance publications. Previously served as Secretary-Treasurer and Executive Board Member for the United States Association of Energy Economics (USAEE); and Advisory Board Member for the International Pittsburgh Coal Conference. MBA from Carnegie Mellon University. ABD-PhD Chemical Engineering from the University of Massachusetts at Amherst. MS in Chemical Engineering from Lehigh University. BS in Biochemistry, Chemistry and Biology from the University of Pittsburgh. FINRA Series 7, 63 and 79 licensed.
- tvital@castleplacement.com
- (917) 432-8474
Tina Vital
Managing Director
Please contact me if you have any questions or would like to discuss your capital raise:
Email: twilliams@castleplacement.com
(C) (385) 600-1871
Sources: Information on this page was derived from a variety of sources including Bloomberg, Company Websites, Crunchbase, PitchBook and other news outlets. Castle Placement™ does not warrant or guarantee this information, nor makes any representations as to the accuracy of the information. For more Risks, see CPGO Risks and Disclaimers.
