📈 Here are the climate tech funding rounds from this week you (may have) missed:
Large funding rounds
🔋 Redwood Materials, based out of Carson City, NV, raised more than $1B in Series D funding to expand its domestic battery recycling & refining business.
🔌 Avatr Technology, based out of Chongqing, China, raised ~$411.5M in Series B funding for its EV manufacturing company.
Medium-sized venture funding rounds
🛵 Ilectra Motor Group, based out of Indonesia, raised $50M in Series B funding for its electric two-wheeler manufacturing business.
♻️ Sortera, based out of Fort Wayne, IN, raised $30.5M in Series C funding for its automated metal sorting facilities that facilitate recycling and metal recovery.
🐄 CH4 Global, based out of Henderson, NV, raised $29M in Series B funding to develop an additive for cattle feed to reduce methane emissions from enteric fermentation.
🌞 UrbanVolt, based out of Dublin, Ireland, raised ~$28.6M in equity funding from Verdane for its solar-as-a-service business targeted at European markets.
⚛️ nT-Tao, based out of Tel Aviv, Israel, raised $22M in extended Series A funding from Mitsui Sumitomo Insurance Venture Capital to build a compact and scalable nuclear fusion reactor.
🛰️ SatSure, based out of Bengaluru, India, raised $15M in Series A funding for its satellite Earth observation data analytics business. The company aims to launch four high-resolution optical and multispectral satellites by Q4 2025.
🦜 NatureMetrics, based out of Surrey, U.K., raised ~$12.6M in equity funding for its biodiversity monitoring and analysis products.
🔌 Wirelane, based out of Munich, raised ~$12M in extended Series B funding for its full-service electric mobility offerings, including charging stations and consumer-facing payment solutions.
📊 Amplified Industries, based out of Somerville, MA, came out of stealth with $10M in funding to develop industrial IoT solutions to help “asset operators with real-time operations data and control to cut cost, slash emissions and increase production.”
Smaller funding rounds
💱 REDEX, based out of Singapore, raised $8M in equity funding for its renewable energy credit management platform. Saudi Aramco Energy Ventures participated.
⚛️ Novatron Fusion Group, based out of Stockholm, Sweden, raised ~$5.5M in seed funding to build a commercial stable plasma confinement fusion reactor by 2040.
📊 Kamma, based out of London, raised ~$4.5M in equity funding for its property data software platform intended to help customers decarbonize.
👕 Refiberd, based out of Cupertino, CA, raised $3.4M in seed funding to repurpose used textiles into new thread.
🔌 Kite Mobility, based out of Toronto, raised $3.5M for its electric rideshare business targeted at residents of multi-unit buildings.
🖥️ Valyuu, based out of Rotterdam, Netherlands, raised ~$2.7M in seed funding for its second-hand electronics marketplace that aims to reduce electronic waste by making it easy for people to sell & buy pre-owned goods.
🧪 Measurlabs, based out of Helsinki, raised ~~$2.75M in seed funding to assist companies with material and product testing and to provide laboratory analysis and testing services to researchers, quality assurance, and R&D professionals.
📊 SNERPA Power, based out of Reykjavík, Iceland, raised ~$2.4M in equity funding for its SaaS software that helps metal and hydrogen producers monitor and manage their electricity consumption in real-time.
🍄 MadeRight, based out of Kiryat Shmona, Israel, raised $2M in seed funding for its fungi-based packaging solutions.
🐟 Umami Bioworks, based out of Singapore, raised an undisclosed amount of seed funding from Maruha Nichiro, a massive Japanese fish company, for its lab-cultured seafood products.