Case Study | March 02, 2021
In January 2021, Breakthrough Energy Ventures (BEV) announced it had raised a second $1 billion fund following up on the inaugural fund in 2015 of the same size. With the second fund, BEV will target between 40 and 50 startups, emphasizing hard‑to‑decarbonize sectors. To date, BEV has made 36 ... Not part of subscription
News Commentary | January 22, 2021
Thomson Reuters reported that the share prices of green hydrogen companies have risen by more than 500%, with companies like Plug Power, Ceres Power, and FuelCell Energy headlining the rise. Cleantech ETFs have also grown by up to 200% in the same period as investor interest in cleantech continues ... Not part of subscription
News Commentary | January 22, 2021
Rivian's $2.65 billion funding round comes just six months after the company raised $2.5 billion from mostly the same investors. Rivian is the most well‑funded BEV startup at this point, as it has raised a total of roughly $8 billion dollars, include raising more than $2 billion in 2019, 2020, and ... To read more, click here.
by Yuan-Sheng Yu
According to Rhodium Group, U.S. VC investments in China dropped to less than $4 billion in 2019 compared to $17.4 billion in 2018. While total VC funding in U.S. startups remains fairly flat in 2019 at $108 billion, Chinese startups saw their investments more than halved after a record-setting 2018 of $95 billion. While a drop was expected this year, missing U.S. funding was a major factor. The polarization of the two ecosystems has been building up since 2018 as the trade war unfolded. China is now looking at the regional innovation ecosystem instead, contributing significant capital to startups throughout Southeast Asia and India as it diverts its capital away from the U.S., leading to an even more clear divide between the two.
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