Top 10 CleanTech/Clean Energy Capital Raises in the U.S. – October 16th-31st, 2024
Several interesting transactions closed in the CleanTech/Clean Energy Capital sector over the past two weeks. If you would like more info on these deals or would like to discuss the capital raising market for your company, please contact me.
PE Growth/Expansion
- Redaptive, provider of energy system upgrade services intended to serve heating, ventilation and air conditioning (HVAC), lighting and data analytics industries, received $100 million of development capital from CPP Investments and other investors.
- NEO Battery Materials, focuses on developing silicon anode materials for lithium-ion batteries in electric vehicles, electronics, and energy storage systems, received CAD 800,000 of development capital from investors.
Merger/Acquisition and Corporate
- Aligned Incentives, operator of a sustainability enterprise platform intended to reduce environmental impacts such as carbon emissions, especially in the supply chain, acquired by Bureau Veritas.
- Pioneer Custom Electrical Products, manufacturer of electrical switchgear and electrical systems integrators intended to serve utility, transportation, commercial, industrial and renewable energy industries, commissioning and technical training services., The company was acquired by Mill Point Capital through a $50 million LBO.
Later Stage VC
- Alterra, developer of a recycling technology designed to free society from landfilling, incinerating or exporting plastic waste, raised for venture funding in a deal led by Infinity Recycling.
- Carbitex, manufacturer of carbon fiber fabrics intended to increase the tensile strength of shoes, raised $3.35 million through a combination of Series B Prime, and Series B-1 Prime venture funding from Michael Marks, and other investors.
Early Stage VC
- CapeZero, operator of a clean energy finance ecosystem intended to streamline tax equity and tax credit financing for clean energy developers, raised $2 million of venture funding in the form of convertible debt from Avesta Fund and other investors.
- Glow International, developer of a blockchain project designed to incentivize the creation of solar plants with carbon credits rewarding, raised $30 million of venture funding in a deal led by Framework Ventures and Union Square Ventures.
Angel, Seed, and Grant
- 2040 Energy, manufacturer of a heat pump boiler designed to provide efficient heating and cooling without burning fossil fuels, raised $35,000 of seed funding in the form of SAFE notes.
- Aether NRG, operator of a comprehensive platform for solar and roofing management intended to streamline workflows for installers, raised $2.5 million of seed funding in a deal led by noa.
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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 VitalManaging Director |
Please contact me if you have any questions or would like to discuss your capital raise:
Email: tvital@castleplacement.com
(C) (917) 432-8474
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.
