- Clean Energy Ventures (CEV) closes $305 million Fund II to invest in climate innovations, expanding opportunities in North America, Europe, and Israel.
- Fund II follows successful deployment of $110 million Fund I, backing 20 disruptive companies poised to mitigate over 50 gigatons of greenhouse gas emissions.
- CEV’s investment thesis focuses on mitigating at least 2.5 gigatons of CO2e emissions cumulatively by 2050, emphasizing climate impact alongside financial performance.
- CEV takes a hands-on approach in commercializing portfolio companies, leveraging a team of climate investors, venture partners, and industry experts.
- Fund II investments include companies like Noon Energy, Evari, Nitrofix, and OXCCU, with a focus on novel hardware-oriented climate-saving technologies for outsized emissions reductions and financial returns.
Clean Energy Ventures: $305 Million Fund II Closed To Invest In Climate Innovations
Clean Energy Ventures (CEV), a leading global venture capital firm funding early-stage climate innovations, has just announced the closing of its oversubscribed second flagship fund, totaling an impressive $305 million. This marks a significant milestone for the firm, allowing it to expand its investment horizons not only in North America but also in Europe and Israel, bringing its strategy and expertise to climate technology entrepreneurs across the globe.
Investing in Climate Solutions: CEV’s Fund II
The launch of Fund II comes on the heels of the successful deployment of CEV’s initial $110 million Fund I, which has already supported 20 disruptive companies in the climate tech sector. These companies are collectively projected to mitigate over 50 gigatons of greenhouse gas emissions, showcasing the tangible impact of CEV’s investments.
CEV’s team of experienced climate investors, with roots tracing back to the Cleantech 1.0 era, has been instrumental in guiding the next generation of companies in areas such as mobility, renewable energy, carbon capture utilization and storage, energy storage, critical minerals, and more. What sets CEV apart is its unique investment thesis that places equal emphasis on quantitative climate impact and financial performance. Each investment made by CEV must have the potential to mitigate at least 2.5 gigatons of CO2e emissions cumulatively by 2050, aligning financial success with environmental sustainability.
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Driving Climate Innovation Globally
CEV’s approach goes beyond mere financial backing; the firm takes a hands-on role in commercializing its portfolio companies. Leveraging a team that combines technical expertise with commercial acumen, CEV works closely with venture partners, angel investors, and industry executives to propel its investments towards success. The Strategic Advisory Board, led by former U.S. Secretary of Energy Ernest Moniz, provides valuable guidance and insights to further enhance CEV’s impact.
With a proven track record spanning over 15 years in the climate tech sector, CEV collaborates with more than 70 strategic co-investors and is supported by LPs including Carbon Equity, The Grantham Foundation for the Protection of the Environment, Builders Vision, and New Summit Investments. Fund II has already seen investments in innovative companies like Noon Energy, Evari, Nitrofix, and OXCCU, with more promising ventures on the horizon.
Fostering Climate Tech Growth and Sustainability
The demand for climate investment opportunities is on the rise globally, and CEV is well-positioned to capitalize on this trend. By focusing on hardware-oriented climate-saving technologies that offer significant emissions reductions and attractive financial returns, CEV aims to drive decarbonization efforts on a global scale.
The firm’s commitment to identifying impactful companies and technologies and shepherding them through the commercialization process has been pivotal in advancing the global climate tech ecosystem. As climate tech funding in Europe experiences exponential growth, CEV is keen on tapping into the continent’s thriving innovation hubs to support early-stage companies and expedite their journey to market success.
CEV’s hands-on approach, which includes leadership coaching, strategic marketing, IP development, engineering support, and active board participation, sets it apart from traditional venture capital firms. As the firm enters a new chapter with its second fund, it is dedicated to supporting more early-stage companies with groundbreaking approaches to decarbonization, ensuring a sustainable future for generations to come.
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