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:
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 Name||Description||Total Funding|
|Bowery Farming||Vertical farming using AI and robotics.||$648.9MM|
|BETA Technologies||eVOTLs for rapid delivery and short trips.||$886.6MM|
|Aurora Solar||Software to power the solar industry.||$523.5MM|
|UPSIDE Foods||Meat made from animal cells, not actual animals.||$581MM|
|Watershed Climate||Climate programming for enterprise companies.||$70MM|
|Dott||Micromobility via scooters.||$226.1MM|
|KoBold Metals||AI materials discovery for EVs & renewable energy.||$212.5MM|
|MycoWorks||Sustainable textiles through science.||$187MM|
|Northvolt AB||Batteries for renewable energy & transport.||$6.1BN|
|Commonwealth Fusion Systems||Designers of fusion energy systems for clean power.||$1.2BN|
|Redwood Materials||Creating sustainable solutions for recycling EV batteries and electronics.||$792MM|
|Farmer's Business Network||Farmer-to-farmer network promoting environmental standards.||$918.9MM|
|Formlabs||3D Printing for every industry.||$252.4MM|
|Pivot Bio||Zero waste and zero footprint fertilizers.||$616.7MM|
|Solugen||Carbon negative molecule factory.||$444.4MM|
|Tier Mobility||Micromobility through bikes, scooters, & more.||$637.1MM|
|Rad Power Bikes||Electric bicycles with cargo capacity.||$329MM|
|Perfect Day||Milk protein minus the cows.||$711.5MM|
|Nature's Fynd||Fungi based foods.||$508MM|
|Prometheus Fuels||Carbon removal and fuel creation in one.||$115.8MM|
|Inari Agriculture||Gene editing for resilient food systems.||$397MM|
|Bolt Threads||Leather alternatives with fungi.||$471.1MM|
|The EVERY Company||High protein foods with no animals.||$239.8MM|
|Indigo Ag||Biological innovations for sustainable farming.||$1.2BN|
|Geltor||Biodesigned proteins for beauty, food, and beverages.||$114.3MM|