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January 22, 2021
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Venture firm 2150 launches with €200 million to reduce emissions from cities
News Commentary | March 04, 2021
The new firm aims to back companies innovating on the "urban stack," with an eye toward lowering the carbon emissions from cities. With backers from real estate, industry, and government, its initial fund has already invested in CO2‑capturing concrete developer CarbonCure Technologies. If 2150 ... Not part of subscription
Autonomous vehicle developer Argo AI to go public
News Commentary | April 02, 2021
The company's CEO announced that Argo is "considering going public later this year or early next year." This news comes at the same time that other AV companies are also considering public listings. TuSimple has filed for an IPO, and Plus is reportedly pursuing a SPAC. It's not clear which path Argo... Not part of subscription
Toyota Ventures getting $300 million in funding to invest in early-stage startups and services
News Commentary | June 14, 2021
This announcement comes after Toyota AI Ventures rebranded itself to Toyota Ventures. Its $300 million investment will be split into two $150 million early‑stage funds: the Toyota Ventures Frontier Fund and the Toyota Ventures Climate Fund. The Climate Fund will be used to invest in early‑stage ... Not part of subscription
by Yuan-Sheng Yu
Yesterday, Elon Musk tweeted that he will donate $100 million to the developer of the "best carbon capture technology." While Musk is known for his Twitter antics, this one caught our eye for two reasons. First, $100 million for a single startup will be one of the largest rounds to date for a carbon capture startup. Carbon Engineering raised $68 million in 2019, and Climeworks raised $110 million in 2020; however, both were through a group of investors. Second, because of Musk's futurist philosphy, the "winning" startup will likely be developing direct air capture, leaving only a few potential candidates. We expect carbon capture to raise record funding in 2021, and this is unlikely to be the last major funding for the technology this year.
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