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Leaders in Climate Tech

Written by Nellie Stokeld
leaders in climate tech

The latest climate report from the Intergovernmental Panel on Climate Change (IPCC) emphasized a heating planet's disastrous and likely consequences. That is unless we dramatically reduce our consumption of fossil fuels and extract carbon already emitted into the atmosphere. That's a big what-if as governmental policy and investment have yet to address the crisis with the urgency required, despite increasingly desperate pleas from climate scientists. The IPCC report’s section on investment recommends a 2x increase of investment in climate technologies. As many have pointed out, this goes beyond paper straws.

Meanwhile, the war in Ukraine rages on, casting a harsh light on our energy dependence on fossil fuels. The U.S. imported 700,000 barrels of Russian crude oil and refined petroleum a day in 2021, directly or indirectly contributing to Putin’s war chest. With embargos now placed on Russia and gas prices spiking in the U.S., President Biden has urged places like Venezuela and Saudi Arabia to pick up the slack to meet our energy needs.

There’s never been a better time for private industry to step up to address the climate crisis. In this report, we examine the 25 highest-growth leaders in climate tech, from electric aviation to the future of farming.

Here are the Top 5: top 5 leaders

Our data shows that high-growth companies are aggregated in biological engineering for sustainable farming and animal product alternatives, micromobility, and innovative engineering.

Here's the complete list:

Company NameDescriptionTotal Funding
Bowery FarmingVertical farming using AI and robotics.$648.9MM
BETA TechnologieseVOTLs for rapid delivery and short trips.$886.6MM
Aurora SolarSoftware to power the solar industry.$523.5MM
UPSIDE FoodsMeat made from animal cells, not actual animals.$581MM
Watershed ClimateClimate programming for enterprise companies.$70MM
DottMicromobility via scooters.$226.1MM
KoBold MetalsAI materials discovery for EVs & renewable energy.$212.5MM
MycoWorksSustainable textiles through science.$187MM
Northvolt ABBatteries for renewable energy & transport.$6.1BN
Commonwealth Fusion SystemsDesigners of fusion energy systems for clean power.$1.2BN
Redwood MaterialsCreating sustainable solutions for recycling EV batteries and electronics.$792MM
Farmer's Business NetworkFarmer-to-farmer network promoting environmental standards.$918.9MM
Formlabs3D Printing for every industry.$252.4MM
Pivot BioZero waste and zero footprint fertilizers.$616.7MM
SolugenCarbon negative molecule factory.$444.4MM
Tier MobilityMicromobility through bikes, scooters, & more.$637.1MM
Rad Power BikesElectric bicycles with cargo capacity.$329MM
Perfect DayMilk protein minus the cows.$711.5MM
Nature's FyndFungi based foods.$508MM
Prometheus FuelsCarbon removal and fuel creation in one.$115.8MM
Inari AgricultureGene editing for resilient food systems.$397MM
Bolt ThreadsLeather alternatives with fungi.$471.1MM
The EVERY CompanyHigh protein foods with no animals.$239.8MM
Indigo AgBiological innovations for sustainable farming.$1.2BN
GeltorBiodesigned proteins for beauty, food, and beverages.$114.3MM
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