So far, 2024 has proven to be a highly eventful year for climate tech startups, marked by significant funding successes and substantial investments. Startup founders have been instrumental in this surge, driving innovation through their willingness to take risks and their entrepreneurial spirit. Their vision and determination are key to developing groundbreaking technologies that address pressing environmental issues. Venture capitalists (VCs) have also played a crucial role, providing the necessary financial backing to bring these innovations to market. By investing in these startups, VCs not only support the founders’ ambitious projects but also contribute to the broader goal of combating climate change. Following are 10 climate tech founders you should know about in 2024.
- Vneet S. Jaain, MD & CEO at Adani Green Energy Ltd
About Adani Green Energy Ltd
Adani Green Energy Limited (AGEL), India’s largest renewable energy company, plays a crucial role in the clean energy transition. The company develops, owns, and operates large-scale solar, wind, and hybrid renewable power plants connected to the grid. With a portfolio of up to 21.9 gigawatts (GW) and over 10 GW of operational capacity across 12 states, AGEL offsets more than 52.3 million tonnes of CO2 emissions.
Recent Funding
In May 2024, Adani Green Energy Ltd. secured a significant USD 400 million financing for its 750 MW solar projects in Rajasthan and Gujarat from a consortium of five international banks (Cooperative Rabobank U.A., DBS Bank., Intesa Sanpaolo S.p.A., MUFG Bank, Ltd., and Sumitomo Mitsui Banking Corporation – SMBC Group).
- Alexis Normand, CEO and Co-founder at Greenly
About Greenly
Greenly makes carbon accounting and management precise and intuitive for companies, helping companies accelerate their transition to a net-zero-carbon economy. The platform allows companies to measure, monitor, reduce, and offset its carbon footprint in accordance with international carbon accounting standards like the GHG Protocol.
Recent Funding
In March 2024, Greenly secured a substantial $52 million Series B funding round led by Fidelity International Strategic Ventures
- Philip Lee, CEO at SUN Energy
About SUN Energy
SUN Energy aims to create a sustainable future that is widely accessible. They act as a comprehensive partner for all solar needs, from feasibility studies and system design to financing, construction, permits, and ongoing maintenance.
Recent Funding
In February 2024, SUN Energy secured strategic funding of US$31.9 million from PermataBank. This financial injection aims to support the development of solar energy projects in the country.
- Wen Han, Chariman and CEO at Windrose Technology
About Windrose Technology
Windrose Technology is a global enterprise developing the next-generation clean-energy class 8 truck. This vehicle features a completely redesigned chassis, interior, exterior, and drive-by-wire architecture.
Recent Funding
Windrose secured $100 million in Series B funding to accelerate the development and deployment of its zero-emission, intelligent long-haul trucks, aimed at global markets including China, the U.S., and Europe
- Michael Nagus, CEO at LiNova Energy Inc.
About LiNova energy Inc.
LiNova Energy is advancing ultra-high-energy batteries with a Polymer Cathode for the EV, aerospace, and energy storage industries. By utilising the potential of metal-free cathodes, their batteries eliminate the need for nickel and cobalt, providing a sustainable and cost-effective power solution.
Recent Funding
In May 2024, LiNova Energy Inc. secured a $15.8 million series A funding round led by Catalus Capital, with support from prominent energy transition leaders in Houston.
- Christine Moseley, CEO and Founder at Full Harvest
About Full Harvest
Full Harvest operates a B2B produce marketplace, connecting commercial buyers directly with farms to purchase all grades of produce, specializing in surplus and imperfect produce. The company’s mission is to eliminate on-farm food loss and achieve 100% “full harvests” by fully digitizing the produce supply chain for the first time, thereby increasing access to sustainable produce. Full Harvest also provides Innovation Services to assist food and beverage brands in developing new CPG products and sustainable supply chains that reduce food waste, CO2 emissions, and water use, while generating additional revenue for farmers.
- Alexia Akbay, CEO at Symbrosia
About Symbrosia
Symbrosia’s mission is to scale the production and distribution of A. taxiformis, a seaweed feed supplement designed to reduce the global warming impact of the world’s 1.5 billion cows from 10% to just 1%.
Recent Funding
In May 2024, Symbrosia received $1.2M from the USDA Organic OMDG program to boost our production and processing capacity in Kona by 1600%
- Taylor Francis, Co-Founder at Watershed
About Watershed
Watershed is the premier enterprise sustainability platform used by companies like Airbnb, Carlyle Group, Everlane, YETI, and BBVA to reduce emissions, meet customer, investor, and regulatory requirements, and modernize their sustainability programs.
Recent Funding
In February 2024, Watershed raised a $100M Series C, led by Greenoaks, and with participation from Kleiner Perkins, Sequoia Capital, and other existing investors.
- Rebeca Minguela, Founder & CEO at Clarity AI
About Clarity AI
Clarity addresses the issue of inefficient and unequal capital allocation by creating a universal framework and automated tool for rating companies, projects, governments, and NGOs.
Recent Funding
In February 2024, Clarity AI secured $16m in seed funding to combat Deepfakes with AI cybersecurity.
- Paul Barrett, CEO at Hysata
About Hysata
Hysata is developing a new type of hydrogen electrolyser. Their technology has the potential to significantly shift the economics of green hydrogen production, bringing $2/kg green hydrogen within reach, and accelerating the global transition to net zero emissions.
Recent Funding
In May 2024, Hysata secured a substantial $111.3 million USD investment led by BP Ventures LLC and Templewater, along with support from major strategic and financial investors
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