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In the Netherlands, central heating boilers will be banned by 2026 and its government has incentivized the installation of heat pumps. Meanwhile, the U.K. government estimates that heating buildings accounts for 25% of the U.K.’s greenhouse gas emissions. It passed the Energy Security Bill, and is aiming to install 600,000 heat pumps a year by 2028. All of this opens up opportunities for companies advising on, fitting and maintaining heat pumps, which is what Netherlands-based HeatTransformers, does. It just a raised €15 million Series A to go heavy on the (proverbial) gas.
“Heat pumps have an unbeatable CO2 reduction ratio per invested dollars for households,” says Stijn Otten, co-founder and director of HeatTransformers, “This ratio is much higher than with solar for instance. This was already the case back in 2018 when we started, but even more today.”
While heat pumps might not be new technology, the tech isn’t evenly distributed. More than 60% of homes in Norway are heated using heat pumps, for example, while the U.S. sees fewer than 6% so equipped. HeatTransformers seeks to address the traditional challenges of heat pump adoption by connecting heat pump producers and installation specialists with consumers. The HeatTransformers platform takes consumers through the process from the beginning, when they might only be thinking about the benefits of a heat pump, through installation and beyond, with maintenance, online monitoring and the optimization of heat pumps.
This is a model that has attracted global energy companies, heat pump producers and installers as committed partners, including Engie, Bosch, BDR Thermea Group and dozens of local and national installers. Its €15 million Series A funding round was led by Energy Impact Partners (“EIP”), a global investment firm supporting the transition to a sustainable future, with participation from existing investors Fair Capital Partners and InnovationQuarter.
Interestingly, HeatTransformers told TechCrunch that it could have done without the investment but felt that it needed to scale faster in order to address the general state of the global energy market: war in Ukraine, energy poverty and carbon emissions’ climate impact.
“In this process we were looking for truly professional investors who could help us scaling up across multiple markets,” says Otten. “But at the same time, we also wanted investors who share the same impact fundamentals we have. This is what we found in Energy Impact Partners — a leading investment firm in this space with experience scaling companies like us across multiple markets.”
With heat pump sales having risen by almost 38% across Europe last year, which replaced roughly 4 billion cubic meters of natural gas and avoided 8 million tons of CO2 emissions, HeatTransformers has recognized that right now is the time to be expanding, to meet the growing need for heat pumps not just in the Netherlands, but across Europe.
“This investment will cement our market-leading position in the Netherlands, it will enable us to grow into other markets like Germany and the U.K.,” says Otten. “Fundamentally, it will help us grow and increase our impact.”
For Otten himself, the excitement lies in growing his company and, further into the future, having a lasting impact on global residential heating, as well as climate change.
“I am specifically looking forward to building the teams, further developing the tech-platform and building our partnerships with suppliers, energy companies and installation companies across Europe,” says Otten. “In 10 years’ time, heat pumps will be the common way of heating your home across the entire globe. HeatTransformers will have played a pivotal role in speeding up this transition and [will still be] playing a role in the installation of heat pumps and optimizing the energy systems of households across multiple countries.”
HeatTransformers turns up the dial on heat pumps with new funding by Haje Jan Kamps originally published on TechCrunch
Cows are a significant source of methane emissions, primarily due to their unique digestive system. Milk and beef cows are ruminants, which means they have a specialized stomach chamber (called the rumen), which houses billions of microbes that facilitate the breakdown of fibrous plant material. The process is called “enteric fermentation,” and as these microbes work to digest the cellulose found in the cows’ diet, methane is produced as a byproduct. That’s a problem: The EPA identifies methane as being about 25 times more potent as CO2 as a greenhouse gas. Alga Biosciences leaps to the rescue, creating a new feed for cows that dramatically reduces how much burping goes on.
“Enteric methanogenesis, also known as cattle burps — is the single biggest source of anthropogenic methane emissions in the world. During the digestive process of cows, sheep, goats and other ruminants, microbes in the stomach of these animals break down food into smaller components, such as carbohydrates, proteins and fats. As a byproduct of this process, methane is produced and released into the atmosphere when the animal belches,” explains Alex Brown, co-founder/CEO of Alga Biosciences in an interview with TechCrunch. “When we got into Y Combinator, we put all of our money at the time into academic live animal trials to test our product, and found that methane emissions from beef cattle were undetectable with our approach. This is the first time results of this magnitude have been observed in live animals.”
Reducing belching has a side effect beyond just the environment. Methane is full of energy, and Alga claims that roughly 12% of all the calories a cattleman feeds his cow end up being wasted in the form of methane burps. This is a massive hidden cost for farmers, and it poses a huge opportunity for re-directing those calories to meat and milk production. The theory goes that kelp-based feed additives provide a direct avenue to reduce anthropogenic methane emissions; it could also be a massive economic benefit for farmers.
The company raised a round led by Collaborative Fund, and the company now has raised a total of $4 million in funding. In addition to Collaborative, Y Combinator, Day One Ventures, Cool Climate Collective, Pioneer Fund, Overview Capital and others also participated. The company has also received a grant from USDA Climate Smart Commodities.
Caroline McKeon (co-founder and Chief Scientific Officer), Daria Balatsky (co-founder and Chief Technology Officer), Alex Brown (co-founder and CEO). Image credit: Alga.
“The best climate tech startups will build solutions that reduce greenhouse gas emissions while being cheap, scalable and safe. We are thrilled that cattle farmers, like us, believe that Alga’s solution hits that trifecta,” said Tomas Alvarez Belon, investor at Collaborative Fund. “We are thrilled to support Alga Bio in this journey to create a methane-free world.”
The company is working on producing its feed additive for larger commercial pilots, and the company tells TechCrunch it can already produce at a scale of tens of thousands of head per day. There’s plenty of scale for growth; some sources estimate that there are around 1.5 billion cows in the world.
Alga Biosciences wants to help climate change, one bovine burp at a time by Haje Jan Kamps originally published on TechCrunch
For the last two years, climate tech was on a tear. To be fair, so were a lot of other sectors. But when a slowdown hit tech investing in the middle of last year, climate tech startups bucked the trend and kept racking up the deals.
Now the party might be over, if preliminary data from a new report holds up.
Climate tech deal-making in the first quarter registered $5.7 billion across 279 deals, according to a new PitchBook report. The amount raised was down 36% year over year with 35% fewer deals. That’s certainly suggestive of a correction.
Investors have been keeping a closer eye on their pocketbooks as fears of a recession continue to rumble through the markets. And yet key economic indicators show a striking resilience in the U.S. economy, with strong hiring keeping unemployment low while consumer sentiment remains high. That hasn’t stopped economists and big names on Wall Street from continuing to predict a recession in the coming months. (Certainly not the first time they’ve done that.)
Still, all that noise tends to give investors the jitters. Since no one wants to be left holding the bag, investor sentiment has a way of becoming a self-fulfilling prophecy. If you’re a startup squeezed for cash, you’ve undoubtedly heard from your investors, and it may feel like a recession is already here.
Yet climate tech’s resilience has led some to call it the ultimate “recession proof” investment. Is that still true?
Maybe.
Let’s break it down. For one, these are preliminary figures looking at data through March 31. It’s hard to say how many deals closed in the last few days of the quarter that weren’t picked up by this report. It might be billions!
Climate tech tapped the brakes in Q1. Will the slowdown continue? by Tim De Chant originally published on TechCrunch
Africa contributes less than 3% of the world’s energy-related carbon dioxide emissions but the continent will be one of the most impacted by the adverse effects of climate change. Some explanations for Africa’s vulnerability include poor diffusion of technologies and information relevant to supporting adaptation, usually provided by clean or climate tech companies.
Despite the precise role that technologies such as renewable energy, recycling and green transportation play in improving the world’s environmental footprint, raising venture capital has proved chiefly hard for the companies behind them in years past. However, investor appetite has been enhanced in recent times. In 2021, climate tech startups raised over $60 billion, about 14% of VC dollars raised that year; in Africa, clean tech accounted for 15% to 18% (about $863 million) of the total funding that venture capitalists poured into the region last year in companies such as Sun King, making clean tech second only to fintech.
Development finance institutions (DFIs), including the British International Investment (BII), FMO and Norfund, are active investors in the clean tech space, as are clean tech–focused funds such as All On, Ambo Ventures and Catalyst Fund. In the latest development, Equator, a climate tech venture capital firm focused on sub-Saharan Africa, has reached an initial close of its first fund with $40 million in commitments. Its limited partners include BII, the Global Energy Alliance for People and Planet (GEAPP), the Shell Foundation and impact investor DOEN Participaties, according to the company’s statement.
Equator backs seed and Series A startups across energy, agriculture and mobility sectors. On a call with TechCrunch, managing partner Nijhad Jamal said the firm is interested in these sectors because of numerous untapped market opportunities. He also noted that deploying capital at seed and Series A stages allow Equator to act as a bridge between startups’ earliest checks (at the pre-seed stage) and growth capital, which could come from its limited partners.
“The challenge for many of those larger funds and international investors is that they tend to come in when things have already been de-risked and proven out. At the seed and Series A stage, there is a shortage of capital and institutional investors supporting companies at that stage of their life cycle and journey,” commented Jamal. “The hope is that by investing at these stages, we can mobilize capital at Series B and growth equity stages from large regional funds, global climate tech funds, and corporations excited about the sector and region.”
Jamal, before joining Equator, had several stints with asset manager BlackRock and impact investment Acumen Fund, where he managed the firm’s clean tech group. At Moja Capital, a personal fund he founded, Jamal made seed and Series A investments across several sectors, including those central to Equator’s strategy: clean energy, agriculture and mobility. SunCulture, a Kenya-based off-grid solar tech for smallholder farmers, was one of Jamal’s investments. Equator made a follow-on investment in SunCulture and other startups backed by the firm’s operators, including Morgan DeFoort, partner at Equator and founder of Factor[e] Ventures; Apollo Agriculture; Odyssey Energy Solutions; and Roam.
L-R: Nijhad Jamal and Morgan DeFoort. Image Credits: Equator
According to Jamal, Equator wants to back tech-enabled ventures that bring some element of technology, whether hardware or software or business model innovation, to bear in a region where innovation might be lacking. As such, the fund will pay attention to technical founders with domain expertise who are building solutions around clean energy, agriculture and mobility, and who ultimately address the impact of climate change on income inequality in Africa.
“Climate change and income inequality are proven to be directly correlated. Data shows that the gap between the economic output of the world’s richest and poorest countries is 25% larger today than it would have been without global warming,” Jamal remarked. “So climate change has worsened global income inequality and we’re seeing that very acutely in sub-Saharan Africa. And the ventures and innovation that we’re investing in is a material component to addressing some of these challenges.”
Equator, hoping to make up to 15 investments throughout this fund’s life cycle, says it participates in round sizes of $10 million or less, which is typical for pre-Series B clean tech startups in sub-Saharan Africa. For seed stages, the clean tech VC invests between $1 million and $2 million; for Series A stages, it cut checks between $2 million and $4 million. The firm, which has teams in Nairobi, Lagos, London and Colorado, will also leverage support from Factor[e] Ventures, an organization of venture builders and pre-seed investors. While both companies operate independently, Equator and Factor[e] collaborate on sourcing deals and undertaking due diligence, and they share a post-investment support platform to provide value to portfolio companies as they scale.
“The reality is that capital alone is only part of the problem. Ventures also need highly active and engaged investors to help them reach the growth stage of their trajectory,” added DeFoort.
In all, Equator will be expecting to leverage the current shift in the global narrative about climate tech’s importance and its impact on climate change. The investments coming into the sector, despite lagging fintech by a mile, are progressively being funneled into reducing the cost of technologies such as solar systems and batteries while enabling better access for individuals and businesses with pay-as-you-go models. Jamal says these trends could make the sector more investable and, in many ways, more exciting. “We’re optimistic about the role that we have to play in this ecosystem. I hope this is the first of many funds that continue to follow in these footsteps because more capital, talent and innovation are needed to develop more holistic solutions to the challenges in the climate space.”
Equator secures $40M in commitments for fund targeting climate tech startups in Africa by Tage Kene-Okafor originally published on TechCrunch
The materials developer formerly known as ELeather has a new name and $18 million in fresh growth funding from some of the world’s fanciest brands.
Now going by Generation Phoenix, the upcycler says its new investors include Coach parent Tapestry, Jaguar Land Rover (via InMotion Ventures) and Dr. Martens, plus lead investor Material Impact and prior investor Hermès.
The 15-year-old firm is based in Peterborough, U.K., and has worked with brands such as Nike and Delta. The upcycler intends to use the new cash to expand “into the luxury fashion and footwear categories,” Gen Phoenix said in a statement. The company claims it has diverted more than 8,000 tons of leather waste from landfills to date.
“Imagine what can happen when waste is no longer wasted,” Gen Phoenix says in an aspirational message on its new website. The upcycler tells TechCrunch that its “feedstock comes directly from tanneries where about 1/3 of a leather hide is typically discarded.” Turning the leather waste into a usable, leather-like product involves shredding and “entangling” it “around a high-performance core using nothing but high pressure water,” the firm said.
Gen Phoenix’s “recycled leather” is not entirely made of recycled materials. A spokesperson for the company tells TechCrunch that its products feature “up to 86% recycled content,” including recycled leather and recycled plastic. Still, the firm’s final product also contains virgin plastic.
Gen Phoenix founder and CEO John Kennedy explaining the company’s leather-like product. Image Credits: Gen Phoenix
Without sharing a specific deadline, a spokesperson for Gen Phoenix said the company aims to “reduce and eliminate virgin materials from their products completely.”
The upcycler is also “commercialising a bio-based coating system and bio-based substitutions for any synthetic materials used in the process,” the spokesperson added. Hopefully, we’ll soon see Gen Phoenix kick virgin materials altogether.
Zooming out: Gen Phoenix’s inclusion of plastics is hardly unusual, even for “sustainable” brands. Fossil fuel–based materials permeate the fashion business. Polyester? Nylon? Elastane? All plastic.
Even the rise of recycled plastic fabrics warrants deep skepticism; the resulting synthetic clothing is rarely recycled, and the microplastics they shed go basically everywhere, including the ocean, mountaintops, the insides of sea critters and even our own bodies. Addressing the industry’s climate and broader environmental toll demands rethinking everything, from how we dye fabrics to killing “fast fashion” altogether.
Gen Phoenix’s upcycled leather woos luxury brand investors by Harri Weber originally published on TechCrunch
Here’s a clever new bit of kitchen tech. Victoria, BC firm Sepura recently introduced its eponymous home appliance, which sits under a sink in place of a garbage disposal. There’s an included Bluetooth button, which can be stuck anywhere near the sink. The system itself sits underneath the sink and is designed to hook directly into the drainage.
When enough foodstuffs have accrued beneath the drain, tap the button, and it will initiate a process that effectively shoves the waste products into the appliance. In an introductory video, co-founder and CEO Victor Nicolov is quick to note that the system doesn’t actually grind the food waste, unlike a traditional garbage disposal. “We found it was better to keep things [intact]. We found it was better for our planet to avoid crushing things into our drains.”
The system also has a safeguard to stop water from entering the receptacle, allowing it to drain out of the pipe first. It will also stop if it detects something like a utensil, which you don’t want in the composting bucket.
Today, the firm announced the close of a $3.7 million seed round designed to accelerate production and delivery of its product, which will run $700 when it starts shipping in July. The round was led, appropriately, by sink-maker Blanco.
Image Credits: Sepura Home
“Sepura represents a significant step forward in sustainable living. With its advanced technology and user-friendly design, Sepura offers a simple and effective way to minimize waste and promote a cleaner, healthier environment,” Nicolov says in a release. “We are excited to bring consumers the sustainable solution they are seeking and work to improve how food waste impacts the environment moving forward.”
The company claims that its system can “effectively separate 99.9% of solid waste that goes down the drain.”
Sepura Home raises $3.7 million to make your kitchen sink a composter by Brian Heater originally published on TechCrunch
Battery materials and recycling startup Redwood Materials is expanding a partnership with Volkswagen of America in its bid to collect more end-of-life batteries from consumer electronics and strip out the valuable materials so they can be used to make batteries for electric vehicles.
Redwood has said its technology can recover more than 95% of the critical minerals from batteries (like nickel, cobalt, lithium and copper) and then manufacture the metals into battery components that are supplied to U.S. battery manufacturers for new electric vehicles and energy storage products. Co-founder and CEO JB Straubel, who was formerly the co-founder and CTO at Tesla, has long argued that creating a closed-loop system will reduce battery costs and the need to mine and ship raw materials.
Volkswagen of America and sibling brand Audi contracted with Redwood last year to recover and recycle end-of-life EV battery packs from its thousand-dealership network in the United States. Audi then expanded its partnership with Redwood to launch a consumer-focused recycling program.
Now Volkswagen of America has agreed to set up bins at certain dealerships to collect consumer electronics. The batteries and devices, including cell phones, cordless power tools, electric toothbrushes, wireless headphones and other lithium-ion-powered devices that are collected in the bins, will be sent to Redwood’s Nevada facility to be repurposed as EV batteries.
The consumer recycling program officially launches at 14 dealerships April 22, including locations in New Jersey and Wisconsin. Volkswagen will also set up a bin during the New York International Auto Show, which will be held from April 5 to April 16. Additional dealerships will be added throughout the year.
Redwood has largely been a B2B enterprise since its founding. The company has locked in deals with companies like Panasonic to recycle and process the scrap to recycle scrap from battery cell production. In early 2021, Redwood quietly opened a recycling program to everyday consumers and all of the old electronics sitting in their junk drawers. Redwood posted a “recycle with us” tab on its website, along with an address, where consumers can send their e-waste, and a “contact us” button.
The program has collected tens of thousands of pounds of electronics from consumers, according to Redwood.
VW and Redwood want to turn your old laptops into EV batteries by Kirsten Korosec originally published on TechCrunch
A warming world is going to need a lot of cold drinks. Problem is, today’s refrigeration tech is anything but climate friendly.
The way we cool our food and drinks has barely changed in a century and the technology is still reliant on environmentally harmful refrigerants. Now, a German startup thinks it can freeze those refrigerants out of the market using little more than magnets and water while consuming up to 40% less energy.
Magnotherm has been refining its technology, known as magnetocaloric refrigeration, since it was spun out of TU Darmstadt in 2019. Though it’s only a seed-stage company, the startup has already shipped five display coolers to beverage giant Coca-Cola, TechCrunch+ has learned, and it’s on track to build another 55 that will be rented out for events.
But beverage coolers are just the tech demo: “We are really building a bigger box for supermarket cooling cabinets,” co-CEO Timur Sirman said. “This is where we can actually reduce energy costs and maintenance costs significantly.” The global market for commercial refrigeration is worth $37 billion, according to Grand View Research.
To capitalize on the opportunity, Magnotherm is announcing a seed round today. In an exclusive with TechCrunch+, Sirman said the company was shooting for €5 million, “and now, we’re actually oversubscribed.” Investor interest was so great that they’re closing the round with €6.3 million.
Extantia Capital led the round, with Hessen Kapital, Lauda Dr. R. WOBSER Beteiligungs-GmbH and Revent joining. Four investors from the Better Ventures Angel Club also participated.
The technology Magnotherm hopes to dethrone is broadly used and deeply entrenched. It’s not as efficient as it could be, but more troubling are the substances it uses to keep things cool. The refrigerator sitting in your kitchen gets its chill from the physical properties of its refrigerants, the gases that loop through the cooling system.
None of these refrigerants come without tradeoffs. First generation refrigerants — freon and its ilk — chewed a hole in the ozone layer. Newer ones are more ozone-friendly, but they are powerful greenhouse gases, warming the Earth hundreds to thousands of times more than an equivalent amount of carbon dioxide.
Countries are working to phase out their use, but finding replacements hasn’t been easy. One frontrunner, propane, is flammable, and regulators have hesitated to greenlight its use in larger refrigerators in case of leaks. Carbon dioxide is another contender, but it only works as a refrigerant under very high pressures, which makes the whole system more expensive.
Magnets and water net Magnotherm $6.9M seed round to kill hazardous refrigerants by Tim De Chant originally published on TechCrunch
TechCrunch Disrupt 2023 will have a whole new look this fall with one aim in mind: bring together investors, founders and technologists who have specific industry interests — all under one roof at the Moscone Center in San Francisco.
Disrupt has always been big. But this year we’re folding TC Sessions, the standalone industry events that are traditionally held throughout the year, into the big annual tech event.
Disrupt will have six industry tracks, each with its own stage, including AI, fintech, hardware, SaaS, security and sustainability. Yup, sustainability, a category that will combine transportation, climate tech, smart cities and renewables.
What the heck is sustainable tech, anyway? In our experience, it’s a moving target. The term is arguably many things: aspirational, a misnomer, a buzzword and a catch-all for products and services that are less environmentally destructive than doing business as normal.
To us, the goal of sustainable tech is simply to do less harm to the planet (thus sustaining something close to life as we know it). Yet, how to achieve that goal — without resting on piecemeal tweaks and greenwashing — is a rich and messy topic worth probing.
That is what we aim to do on the Sustainability Stage — discuss material ways to mitigate the damage we’re doing, while interrogating bullshit and distractions along the way.
The stakes have never been higher. As the Intergovernmental Panel on Climate Change said with the release of its sixth major assessment, “keeping warming to 1.5°C above pre-industrial levels requires deep, rapid and sustained greenhouse gas emissions reductions in all sectors.” The tech industry must do its part by drawing down scope 1, 2 and 3 emissions, cleaning up its pollutive supply chains and accelerating the transition to renewables.
Disrupt in particular is all about startups. The specific areas we’re eager to dig into this year via panels and fireside chats include: fixing the broken U.S. power grid, examining how cities will adapt to more frequent extreme weather events, mitigating fast fashion’s environmental toll and rethinking some of the world’s most-loved beverages.
Book your early-bird pass today and save $800 to the startup event of the year. Prices go up May 12.
Sustainability at Disrupt by Kirsten Korosec originally published on TechCrunch
Steering humanity out of the climate crisis demands action in a very literal way. Boots on the ground, people rolling up sleeves and getting hands dirty retrofitting existing infrastructure, such as poorly insulated houses, type stuff. The goal is to re-make our built environment to be energy efficient and drive down carbon emissions ASAP. So we really need lots and lots more skilled tradespeople — fast. Aka, the kind of multifaceted, hands-on skills that technologists haven’t figured out how to automate yet.
Fixing this problem absolutely, therefore, demands human beings. Lots and lots of people to come in, eager and willing to learn new stuff, and take up green retrofitting jobs. So it’s a job discovery problem. And a training/upskilling/reskilling problem. Which means digital technology can of course help. And this is where a U.K. edtech startup founded last year, called greenworkx, is angling to step in — with a new spot of supportive construction: A digital pathway designed to boost the flow of skilled workers into green jobs.
The London-based team, which has just closed a £600k pre-seed funding round, describes what’s it’s building as “the go-to talent portal for green jobs”. The app soft launched towards the start of the year, after the co-founders formally incorporated the startup in mid June last year. The early stage funding round was led by Mangrove Capital Partners, with participation from Ada Ventures, and a number of angel investors in the climate and edtech sectors, including the CEOs of Multiverse (Euan Blair), MyTutor (Bertie Hubbard) and Octopus Electric Vehicles (Fiona Howarth).
Commenting in a statement, Nikolas Krawinkel, partner at Mangrove, heralded the opportunity of the looming “green industrial revolution”, writing: “We’re on the cusp of a green industrial revolution, which will require a huge rethink of our education and training systems. The greenworkx team have a deep understanding of digital-first learning methodologies and we’re excited to work with them to take on this profoundly important challenge.”
“The urgent ramp-up needed in the green workforce is a unique opportunity to build a fairer, more equitable future by bringing millions into a rapidly-growing sector of huge social and environmental importance,” added Matt Penneycard, founding partner at Ada Ventures, in another supporting statement. “We’re incredibly excited about the double impact that greenworkx can have in empowering people to access well-paid, future-ready jobs, whilst simultaneously directly driving the net-zero revolution to address the climate crisis.”
The startup’s vision is to build a platform and digital tools to drive awareness and accelerate the uptake of green jobs, using techniques like bite-sized learning and algorithmic matching of jobseekers to connect them with relevant opportunities to help build and power up the green economy.
Co-founders Mat Ilic and Richard Ng bring backgrounds in public policy work and education and edtech to bear on this skills funnel challenge.
Ilic, the policy guy, says he was inspired to tackle the people side and the green jobs challenge as he was reading John Doerr’s book, Speed and Scale — which is literally subtitled an “action plan for solving our climate crisis now”. “It was the first time that net zero felt like a manageable problem,” he tells TechCrunch, saying the book helped him realize “how significant people are” — especially “the people we need to bring about the transition, not just people to make lifestyle changes” — and so the “loose idea was was born then and there”.
Ng, who started his career as a maths teacher before moving into edtech and, latterly, training software engineers at U.K. tech apprenticeship startup Multiverse, says he’d felt pretty settled in that career — until he got speaking to Ilic and also got the green jobs itch.
“He was explaining to me this problem that in order to reach Net Zero we need to deploy all this green infrastructure… and I remember being really shocked by this because I thought wow, this is obviously a huge problem, which is really high stakes, really time urgent, and yet when I think about skills and future work so often it’s purely about ‘oh we need to code’,” he says in a video call with TechCrunch, offering a tacit critique of the full-throttle focus on ‘learn to code’ of the past (many) years. (Code, after all, may well end up being automated by powerful technologies like generative AI — even as we’re still in desperate need of double glazers, plumbers, electricians etc etc.)
There are also of course plenty of people for whom learning to code is never going to be the right fit. And Ng says he realized there’s an unfolding opportunity for all sorts of workers to thrive in green jobs as demand for these more hands-on, people-facing skills keeps growing — as well as being excited by the chance to build out the kind of support for vocational training and learning that the U.K.’s traditional educational system has not been geared toward.
“We need people to work with data, that’s very necessary, and there’s a bunch of people working on that now. But I was like this is also super, super important and really, really underserved,” he says. “Coding, unfortunately, is phenomenally inaccessible for a bunch of people… [Whereas] these jobs… are really, really meaningful, they’re pretty well paid and they’re actually very accessible as well. And so, for me, it was also about making sure that as we think about this really important challenge Net Zero we’re also using that as an opportunity to make sure we have this bright future of work which is hopefully much more inclusive and accessible to the communities which I care a lot about.”
The scale of the retrofit challenge means the skills supply problem is vast indeed. Ilic cites a statistic suggesting at least 30 million roles will be needed globally by the end of the decade — and half a million in the U.K. alone, just for domestic energy retrofitting. (And the startup’s stated mission is to get 10 million people into green jobs over 10 years.)
While the challenge is global the U.K. certainly has some of the worst insulated homes in Europe, making that element a particularly acute local problem. Solutions can also be interdependent, too — since, for example, poorly insulated homes aren’t a good fit for low carbon heat pumps — which means tackling drafty buildings is really a prerequisite for speeding up the decarbonization of U.K. housing stock.
“We’re talking about half a million different professions and trades needed in already an existing skills shortage in construction — and that’s before we start talking about the other aspect of this, which is the existing workers who need to be reskilled in what’s basically the biggest reallocation of capital and the means of production since the Industrial Revolution,” says Ilic, adding: “And no one seems to be talking about it with the level of urgency and emergency and scale that is needed — and more fundamentally, we’re here because we believe it’s eminently solvable. And that’s what’s so practical about the way that we’re looking at this challenge.”
Some other startups are talking about it, of course. Denmark-based Lun, for example, recently bagged seed funding to build software tools to encourage more tradespeople to focus on installing heat pumps, instead of taking on less climate friendly jobs. While US-based BlocPower has already been beavering away for almost a decade with a residential retrofit-as-service platform focused on low-income communities. But it’s fair to say the scale of the change needed across our societies is so absolute — so root and branch — that it’ll need a tsunami of startups tackling as many bits and pieces as possible if we’re to drive the necessary system flip at the blistering pace now required to avoid even worse heating and weather extremes (not to mention the risk of runaway climate change).
Greenworkx’s app is soft launched at this stage — with a handful (around 40) of green skills seekers signed up to a (free) introductory retrofit course they’re offering.
Early users are more of a mix than the team’s expected target youth demographic (i.e. 16-24-year-old school and college leavers who did not follow the academic higher education route to university) — with Ng noting other profiles of interest include immigrants in their mid thirties to forties seeking a career switch into more stable work. Another early user he mentions was a former nurse — a women in her late fifties who could no longer continue working in a patient-facing role (owing to developing allergies) but who was looking for another job that allows her to keep serving her community and retrofitting social housing fit the bill for her. (“It’s a way to basically continue serving her community.”)
To locate their first users they’ve been partnering with organizations and charities that are focused on employability. But as they seek to scale up they plan to expand the pool of jobseekers via digital marketing on social media and tapping up the sorts of influencers who might resonant with key targets. They’re also planning a possible green jobs travelling roadshow to take their message of climate opportunity around the country in an electric bus.
The early product is still quite a manual experience, per the co-founders, as the team has been focused on understanding learner profiles and needs so they can better tailor the platform experience. But the goal is, ultimately, to automate the process of matching jobseekers to green skills opportunities to be able to scale the platform and its outputs.
“We’ve had our first proactive inbound from a small company this week looking for energy assessors and retrofit assessors,” notes Ilic. “So it’s been really interesting to see that. And in terms of where we focus attention on the job side, so really a lot of investment is going into decarbonizing social housing at the moment — housing associations, local authorities and smaller energy efficiency or construction companies are all looking for these sort of energy efficiency professionals or trades. So some of that is them reaching out to us some of it is us working with them. So we’re pretty confident that for this kind of batch of people that we’re taking through — both the understanding retrofit courses as well as some partnerships that are more focused on domestic energy assessment or retrofit advice — we should be able to get our first job outcomes and then explore how it goes from there.”
For larger energy companies and construction firms the first focus is likely to be on upskilling an existing workforce, rather than trying to hire scores of new workers. So the startup is thinking how it might best support those goals. They’re also still figuring out how much training content they might offer themselves — vs working with partners and/or employers to provide it. But the overarching goal is to find ways to support as many people as possible to think about a career switch, skills upgrade or first leap into green jobs.
“We’re a b2b proposition. And the ultimate goal is to create value by giving people the talent they couldn’t otherwise reach — so filling roles,” says Ilic. “But I think we’re exploring a range of different steps in between, including actually having that curriculum and training proposition to support reskilling existing workers, because if we’re building a high quality digital curriculum for connecting people to these jobs from a standing start, actually it’s also relevant for people that are learning about low carbon heating technologies in their current jobs. So both reskilling and recruitment are going to be part of our value proposition.”
“We are starting supply side. We want to build a tool that will matter so much to learners that they will obsess about,” he adds. “They would be prepared to pay for it even though we’d never want to charge them for it because we want to create a frictionless route for them to be able to access these roles. Because that’s partly in our collective interest — as I said, we’re looking at servicing the labour demand — but, yeah, we feel that the business side will become kind of apparent as things unfold; as you see the kind of exponential growth, say the consumer demand for solar among other things, so that’s what we’re planning.”
This report was updated to correct a citation by Ilic: The projection is for 30M retrofit jobs being needed globally before the end of the decade, not in the U.K. — there the projection is for half a million roles being required by 2030
UK’s greenworkx takes aim at the domestic retrofit skills challenge by Natasha Lomas originally published on TechCrunch
In a major blow to shared micromobility companies Lime, Dott and Tier, Paris has voted to ban rental e-scooters from its streets. Many in the industry fear the move in Paris, where free-floating scooters initially took off in 2018, will have ripple effects in other cities.
Paris has been one of the most heavily regulated e-scooter markets, something companies have pointed to as an example of how they can play nice with cities. Yet, despite limiting scooter top speeds to as slow as 10 kilometers per hour (about 6 miles per hour) and requiring riders to use dedicated parking areas or pay fines, Paris has become the first city to completely reverse its policy on offering contracts to shared micromobility companies.
In a referendum on Sunday organized by Paris mayor Anne Hidalgo, Paris residents voted 89% against keeping shared e-scooters in the city. The three companies that pay for contracts to operate in the City of Light will have to pull their fleets — a total of 15,000 e-scooters — out of the city by September 1.
Hidalgo, who originally welcomed shared e-scooters to Paris, has pushed for the city to become a more livable 15-minute city and has spearheaded policies that reclaim parking spots from cars to create new bike lanes and pedestrian-friendly areas. However, shared scooters have gotten a lot of pushback from many city residents who often complain about reckless driving and clutter on sidewalks.
Hidalgo said on Sunday that scooters are the cause of a lot of accidents and that the business model was too expensive to be sustainable, with a 10-minute ride costing about €5. She also said free-floating scooters aren’t as climate friendly as she’d want. At the start of the year, TechCrunch dived deep into scooter usage in Paris and found through a variety of studies that while e-scooters are incredibly popular, they mostly replace walking or public transit rather than car usage.
That doesn’t mean they didn’t replace any car trips. One study from 2019 found 7% of kilometers covered by scooters replace car and personal taxi trips, a number that has likely grown over the years. But 7% is not nothing, says Hélène Chartier, director of urban planning at C40, a global network of mayors taking urgent climate change action. Chartier previously served as an advisor to Hidalgo.
“As part of a mobility package that Paris would offer as an alternative to cars, [shared e-scooters] could have been an option,” said Chartier. “Without all of the other problems, they could have said, ‘Ok why not?’ But if you add the accidents, if you add the difficulty on the public space, at some point, you need to say this is not the main solution. We should invest more in bikes, e-bikes, walking.”
David Zipper, a visiting fellow at the Harvard Kennedy School’s Taubman Center for State and Local Government, tweeted that he wasn’t surprised to see Paris vote against shared e-scooters, but he didn’t expect such a large margin. That sentiment has been mirrored by scooter advocates and the companies themselves.
Dott, Lime and Tier said in a joint statement that the low voter turnout affected the results of the referendum. Only 103,084 people turned out to vote, which is about 7.5% of registered Paris voters. They blamed restrictive rules, a limited number of polling stations (and thus long lines that dissuade young voters) and no electronic voting, saying the combination “heavily skewed toward older age groups, which has widened the gap between pros and cons.”
Additionally, the companies said the referendum was held the same day as the Paris marathon, and that only residents of the city were allowed to vote, leaving out those who live just outside the city but commute in.
The operators offered free rides to customers who voted Sunday and relied on social media influencers to try to get young users to vote, efforts that seem to have gone in vain. Parisians reported there were a high proportion of older voters in the queues.
The referendum isn’t binding, so Hidalgo can still make the unlikely decision to keep scooters in the city based on the low voter turnout. The numbers clearly show that scooters are popular. Lime has previously told TechCrunch that 90% of its fleet in Paris is used every day. In 2021, over 1.2 million scooter riders, 85% of whom were Parisians, took a total of 10 million rides across Lime, Dott and Tier. That’s around 27,000 rides per day.
The ban will not have an effect on the e-bikes offered by shared micromobility companies, which will remain in the city. Similarly, privately owned scooters are not affected by the ban, of which 700,000 were sold in France last year, according to transport ministry figures.
Paris votes overwhelmingly to ban shared e-scooters by Rebecca Bellan originally published on TechCrunch
It’s estimated that about a third of all food produced worldwide every year, which is approximately 1.3 billion tons, is estimated to be wasted. Aravita, a Brazilian artificial intelligence startup, thinks that supermarkets are the best place to start fixing this problem.
Marco Perlman, co-founder and CEO, started the company with Aline Azevedo and Bruno Schrappe in 2022 to tackle waste in the fourth-largest food producing country in the world where 33 million Brazilians have some type of food insecurity.
Aravita is developing an AI-powered solution for supermarkets that looks at variables, including climate, seasonality, consumer behavior and economic scenario, to manage the purchasing of fresh food — mainly fruits and vegetables — to reduce the instances of surplus items and lost sales due to waste. At the same time, the software increases the availability of items in demand.
“Supermarkets are our target audience because they are a great place to drive the first wedge of data availability,” Perlman told TechCrunch. “They have point-of-sale consumer data, and this is the data that we need to start making the predictions for low-demand forecasting. Unlike other parts of the supply chain, where the data is much harder to get a hold of, eventually we think that this will be digitized.”
Aravita is still in the very early stages: It has a conceptual prototype and started a pilot with a mid-sized supermarket chain near São Paulo and has the first set of algorithms developed. It is also in the process of integrating the first database of historical data into that model.
However, that first pilot didn’t come easy. Perlman recalls that potential customers were initially worried that startups were “having difficulty raising money, hiring and surviving,” and were uncomfortable giving store data to a company without financial resources that could stick around.
Aravita co-founders, Marco Perlman, Aline Azevedo and Bruno Schrappe. Image Credits: Aravita
So the trio started reaching out to investors and was able to secure a $2.5 million investment earlier this year, co-led by Qualcomm Ventures and 17Sigma.
“Fresh food management is highly fragmented and complex,” said Michel Glezer, director of Qualcomm Wireless GmbH and director at Qualcomm Ventures, in a written statement. “Aravita’s solution enables retailers to optimize inventory management, helping increase efficiencies and reduce waste.”
Joining those two firms were Bridge, DGF Investimentos, Alexia Ventures, BigBets, Norte Capital and a group of angel investors, including ClearSale partner and CEO Bernardo Lustosa and Flávio Jansen, former CEO of LocaWeb and Submarino.
Aravita is now in good company among other startups tackling food waste that also recently attracted venture capital, including Divert, which is trying to stop food before it reaches landfills; Diferente, also in Brazil, that is finding places for imperfect produce; and food resale app Recelery. They join other companies like Shelf Engine, Apeel, OLIO, Imperfect Foods, Mori and Phood Solutions.
The next steps are to develop the solution over the next few months and add a second pilot customer, Perlman said. He expects to have product-market fit next year and the ability to “step on the gas to accelerate” Aravita’s business model into other supermarket departments, including baked goods, pastry, cold cuts, fish and meat.
The new capital enables the company to hire additional employees and for future innovation, including inventory management, point-of-sale integration and technology development like AI and computer vision for process automation.
Qualcomm-backed Aravita wants to help Brazilian supermarkets control food waste by Christine Hall originally published on TechCrunch
Effy is at a crossroads. The energy renovation company based in France is doing well, but it is addressing a market that is much bigger than anticipated. That’s why it is making a bet. The company just closed a €20 million funding round (roughly $22 million at today’s exchange rate) from Felix Capital. This is the first external funding round for the company.
“Our story starts 15 years ago,” founder and CEO Frédéric Utzmann told me. “We tackled this market very early on because we really believed in it.”
At first, Effy wasn’t a tech-enabled startup. The company worked on energy renovation for public buildings, residential buildings and industrial facilities. “We started with heavy energy consuming projects with a business that was very much ‘brick and mortar,’ old school. But this allowed us to develop the company in a self-financed and profitable way,” Utzmann said.
Quickly after that, the company started acquiring websites and services that were useful for energy renovation projects. In 2011, the company acquired Calculeo, a tool that helps you calculate how much you can get in public subsidies for energy renovation work. In 2015, Effy acquired Quelle énergie, a VC-backed startup that could calculate how much money you would save by insulating your roof, changing your windows and more.
At the same time, Effy’s traffic started growing rapidly. Search engine optimizations led to more organic traffic. Effy started building a significant network of contractors and redirecting home owners to these partners.
In 2019, Effy chose to focus exclusively on small residential projects. Engie acquired its B2B activities for an undisclosed amount. Effy chose to reinvest everything in product development and growth. In addition to organic traffic, the company spent some money on brand awareness ads (like TV spots), as well as Google and social media ads.
And it has paid off, as Effy attracted 18 million visitors to its websites in 2022. Some people just want to use Effy’s tools to see how much money they could save with energy renovation projects. Others go one step further and submit a request for some construction work.
Effy then contacts those potential customers to understand their needs. To give you a sense of Effy’s scale, last year, the company ended up contacting 500,000 individuals and completing 100,000 energy renovation projects. Effy handled €800 million in transactions on its platform.
Effy can still improve its service in several ways. In particular, its marketplace is still mostly a lead generation product for energy renovation contractors. When potential clients want to move forward with their home projects, they are connected with independent contractors.
These contractors supply quotes, which means that it creates some friction for the end customer. They have to compare quotes between multiple contractors and pick one.
Of course, Effy spends a lot of time curating its marketplace. There are currently 3,800 contractors working with Effy. The company gathered 16,000 reviews and the average rating is 4.8 stars.
Similarly, Effy can handle the paperwork to obtain subsidies for energy renovation work. The company takes a cut on this administrative process and charges contractors a small nominal fee for new potential clients.
Effy now wants to switch to a first-party marketplace model. Clients interact directly with Effy and negotiate the quote with Effy. “Historically, we had an almost 100% third-party business — it represents 90% of our business today,” Utzmann said.
It opens up some new possibilities on the product front. First, there are a lot of optimization possibilities when it comes to creating a quote, sourcing materials and everything that isn’t the construction work itself. This way, contractors can accept more jobs as Effy handles the rest.
Second, Effy could start offering some financing options with partners. For small amounts, Effy can use “buy now, pay later” products. For bigger sums, Effy has an internal team that can negotiate credit lines with Sofinco and Cetelem.
Sure, energy renovation projects can be expensive. But customers often end up paying smaller bills once these projects are done. Effy could even look at the impact on your bills thanks to smart meters.
“Let’s say you pay €2,000 per year and you will pay €1,000 per year starting tomorrow. You could set aside €800 to pay back your investments. You end up saving less because you have to pay something back, but your house is also worth more money,” Utzmann said.
In addition to this product roadmap, Effy’s business could end up growing rapidly thanks to favorable market conditions. The war in Ukraine has had a significant impact on energy bills.
At the same time, the European Union wants to finance projects that have a positive impact on climate change. Residential buildings indirectly generate a ton of carbon emissions as it requires a lot of energy to heat and cool them. Many EU countries are rolling out generous subsidies to foster energy renovation projects.
Finally, Effy is only available in France for now. The company could expand to other European countries in the future, starting with Germany and Spain.
After bootstrapping for 15 years, energy renovation company Effy raises $22 million by Romain Dillet originally published on TechCrunch
UPDATE: Tesla tweaks Model 3 page of U.S. website encouraging buyers to take delivery now in anticipation of reduced tax incentives by March 31.
The U.S. Treasury Department’s guidance on battery sourcing requirements for the electric vehicle tax credits will result in fewer vehicles being eligible for full or partial credits, reports Reuters, citing an unnamed U.S. official.
The proposed EV credit guidance as included in the Inflation Reduction Act says that in order for vehicles to qualify for $3,750, which is half of the total credit, 50% of the value of battery components must be produced or assembled in North America. To get the remainder of the credit, 40% of critical minerals must be sourced from the U.S. or a country with which it has a free trade agreement.
The guidance on battery sourcing was meant to kick in on January 1, 2023, but in December the Treasury Dept. decided to hold off until March to give some EV-makers a grace period to meet the requirements.
The Treasury Dept. is expected to share its guidance Friday, and while the Reuters report doesn’t state exactly what it will be, we can guess that the full guidance will kick in, meaning many EVs will lose tax credits or see them cut. The Treasury Dept. is also expected to define key terms like processing, extraction, recycling and free trade deals.
The battery sourcing rules are aimed at helping the U.S. decrease its reliance on China for batteries. While most automakers have been reorganizing supply chains and bringing more processes onshore since COVID, not all will have had the chance to completely upgrade their battery sourcing in time to meet both the Treasury Dept.’s requirements and the increased demand for EVs.
China currently makes 81% of the world’s cathodes, 91% of the world’s anodes and 79% of the world’s lithium-ion battery production capacity, according to data from Benchmark Mineral Intelligence, a market research firm. For comparison, the U.S. has just 0.16%, 0.27% and 5.5% market share, respectively.
Despite the U.S., and most of its free trade agreement partners, being woefully behind China, the Biden administration has said it thinks over time, the tax credit will result in more EVs sold as automakers reorganize supply chains to meet the IRA rules, the source told Reuters.
In February, the Treasury Dept. updated the vehicle classification standard to redefine what makes a vehicle a sedan, an SUV, a crossover or a wagon. The change made more Tesla, Ford, General Motors and Volkswagen EVs eligible for up to $7,500 tax credits. Those vehicles stand to lose some or all of the tax credits once the battery sourcing guidance is out. In fact, Tesla on Wednesday evening updated the Model 3 page on its U.S. website to reflect this, saying the tax credit is expected to be reduced for the vehicle by March 31 and encouraging buyers to “take delivery now.”
Battery sourcing guidance might slash EV tax credits by Rebecca Bellan originally published on TechCrunch
Investors just pumped millions into Irrigreen, a startup vying to quench America’s thirsty lawns with “approximately 50% less water.”
Seed investor Ulu led the $15 million funding round. Two tech investors that are focused on water conservation — Burnt Island and Echo River — also chipped in, among a handful of others.
The San Francisco–based sprinkler startup says it maps lawns to drizzle water precisely where lawn-havers want it, without clumsily soaking walkways and passersby.
Irrigreen’s system tasks users with tracing the contours of their yard, and identifying obstacles, such as footpaths and driveways. The tech sounds somewhat like Roomba’s Keep-Out Zones, yet these sprinklers are stationary; instead of wandering the lawn, the startup says its sprinkler heads adjust the stream to send water where you want it.
Image Credit: Irrigreen
Americans are thirsty mfs: The typical family uses around 320 gallons per day, “about 30 percent of which is devoted to outdoor uses,” the EPA says. Water is already scarce, and droughts exacerbated by climate change make water conservation all the more critical. There are lots of ways to conserve water, and outdoor options include planting native ground cover and installing custom irrigation systems.
In other words, internet-connected sprinklers like Irrigreen’s are not the only way to save water. Still, founder Shane Dyer tells TechCrunch that the startup’s system is cheaper than traditional options “for larger yards (those with 7 or more zones).”
Dyer added, “Our hardware costs more, but the labor to install is 1/3 of a traditional system since there is 80% less heads and trenching and piping.” Regardless, if tech is what gets you jazzed about saving water, then by all means give it a go.
TechCrunch has not tested Irrigreen’s sprinklers. The startup pointed us to a Fresno State study it commissioned, which found that its sprinkler heads used around 40% less water by avoiding “overwatering, overspray, and application rate inaccuracy.” Dyer told TechCrunch that Irrigreen also factors in weather, soil, plant types, and shade to “calculate the minimum water needed for healthy plants.” The startup says these additional factors deliver around 50% water and cost savings in all.
Dyer declined to share Irrigreen’s valuation but said the new cash will go toward “developing next generation sprinkler software, creating next generation cloud watering intelligence, and smartphone app control and reporting features.”
Among the coming software updates, Dyer said Irrigreen will be able to adjust the amount of water it sends to different sections of plants via a single sprinkler head. This could come in handy if, for example, you plopped some thirsty flowers beside some drought-tolerant shrubs.
Irrigreen’s precision sprinklers prevent water waste and wet legs by Harri Weber originally published on TechCrunch
Pity Donald Trump. He spent four years in office tearing up trade agreements and ranting about rewriting old ones, all to little avail. Now, a key U.S. climate law is doing more to change the dynamics of international trade than any blustering and bullying ever did.
The Inflation Reduction Act has been hailed as a win for domestic producers of minerals that are critical to electric vehicles and other hallmarks of the decarbonized economy. The most impactful so far have been the provisions that require a minimum amount of domestic sourcing and processing to be eligible for the $7,500 EV tax credit. That language alone has spurred tens of billions of dollars of investment in the U.S. battery supply chain.
But there’s no way the U.S. can produce all that’s needed — the country simply doesn’t have enough reserves, while China has a lock on many parts of the market. So the law also includes a handy loophole qualifying minerals from countries with which the U.S. has a free trade agreement. The law already qualified “North American” suppliers, and the free trade language opens the door further.
Late on Monday, the door opened a little wider as the U.S. and Japan announced a trade deal encompassing cobalt, graphite, lithium, manganese and nickel, all minerals that are key components of EV batteries. The agreement opens up both markets to new supplies of the minerals, allowing battery manufacturers and automakers to benefit from the IRA’s minerals requirement.
For now, Japan is the only country to successfully negotiate a new agreement in the wake of the IRA, but it probably won’t be the only one. The EU, which has made no secret about its displeasure with the new law, is also in talks with the U.S.
In the seven months or so since the IRA was passed, the global landscape for critical minerals and battery manufacturing has changed rapidly, and a potentially steady stream of new free trade agreements promises to keep things fluid. For founders and investors alike, that injects a fresh dose of uncertainty.
Why startups should care about geopolitical repercussions of US climate law by Tim De Chant originally published on TechCrunch
Google is introducing new extreme heat alerts in Search that are designed to surface information to help people stay safe during heat waves. The new heat alerts will roll out in the coming months.
When people search for information on extreme heat, they will now see information about when a heat wave is expected to begin and end. The alert will also surface tips on staying cool and warn users about related health concerns they should be aware of. All of this information will be prominently displayed in Search results. The search giant said it has partnered with the Global Heat Health Information Network to ensure that the information it surfaces in the alerts is accurate.
“We’ll be launching a new feature to raise awareness about extreme heat to keep people safe, cool and healthy,” said Hema Budaraju, Google’s senior director of product for health and search, during a briefing with reporters. “Soon, you will see dedicated features highlighting relevant news, recommended actions and local information during a severe heat wave. The new heat alert is one of the many ways we’re continuing to update search to help people find timely, authoritative and actionable information when they need it the most.”
Google has been displaying alerts for things like wildfires, earthquakes, hurricanes and more for several years. The company notes that the introduction of the heat alerts feature comes as search interest in heat waves reached a record high globally in June 2022.
Image Credits: Google
The company also said Tree Canopy, a tool that combines AI and aerial imagery so cities can understand their current tree coverage and better plan urban forestry initiatives, has expanded from 14 cities to nearly 350 cities globally — including Atlanta, Baltimore, Buenos Aires, Lisbon, Mexico City, Paris, Sydney and Toronto. Google plans to expand the tool to thousands of additional cities this year.
Today’s announcement comes a day after Google said it was introducing new ways for users to verify information on Search. The search giant is launching new features called “Perspectives” and “About this author,” while also expanding some of its current tools, including “About this result.”
Two weeks ago, Google said it was making it easier for people to find affordable healthcare centers near them in Search. If a medical clinic offers affordable care, you will soon see a label that reads “Free or low-cost care” under its name in search results.
Google to roll out new extreme heat alerts in Search soon by Aisha Malik originally published on TechCrunch
The pet industry grew rapidly over the past three years as people, stuck at home during the pandemic, decided to add a furry friend to their families. Analysts say this industry, where spending was $118 billion in 2019, isn’t done with big growth and predict it will more than double by 2030 to $277 billion.
This category is very dog-dominated — dog owners spend, on average, $1,480 per year, while an average of $902 is spent annually by cat owners; therefore, there are a lot of dog-focused products, including food.
Some startups in the pet space have tried to give equal footing to both dogs and cats, for example, The Farmer’s Dog, which direct-to-consumer cat food brand Smalls co-founder and CEO Matt Michaelson says is a close competitor. However, there are relatively few that cater just to cats. Smalls is among a small group that includes Cat Person, Ziggy, Made by Nacho and KatKin.
“It became really clear that during the pandemic, adoption was skyrocketing,” Michaelson told TechCrunch. “Cat adoption really outpaced dog adoption, so we expected the category to heat up and that there would be more innovation at this point. However, we’re still really alone in bringing fresh food to the category and to cat parents. That was a surprise to us. We think there’s a continuing manifestation of the cultural bias against cats and toward dogs in the U.S.”
Five years and over four product introductions later, Michaelson and co-founder Calvin Bohn are guiding the company to take matters into its own hands and expand by opening a first-of-its-kind cat café and launching into retail, Michaelson said. This was buoyed by $19 million in Series B funding in a round that closed in mid-2022.
The company has now raised a total of $34 million, which includes a $9 million Series A that TechCrunch covered in 2020. Michaelson didn’t disclose valuation for the most recent round, but did call it an “up round.”
The Series B is led by existing investors Founder Collective, Companion Fund and Left Lane Capital and also includes new investors like Valor Capital, 301 INC, General Mills’ venture capital arm and The Ohio State University’s endowment fund.
In addition to the cat café, which will open in New York in the fall, and retail launch, the new capital enables Smalls to grow its headcount by 25%. The company has 50 people currently.
The brand has doubled year over year in both customers and revenue since 2017, growing to eight figures in sales to feed more than 100,000 cats. Amid all that growth, Smalls also has a path to profitability, Michaelson said.
“We are still a tiny sliver of a $12 billion category,” Michaelson said. “Anyone can advertise on TV or the subway, but only Smalls could open a cat café and it make sense. That’s one example of many things we want to do to build the brand. The other piece is continuing to invest in product innovation. Fresh food is a very fast-growing category, and we think there’s plenty of room in it, but we need to stay one step and two steps ahead of the category to continue to bring healthier food and healthier products to market.”
Fresh funding gives cat food brand Smalls avenue into retail for the first time by Christine Hall originally published on TechCrunch
One fusion startup is betting that a 70-year-old idea can help it leapfrog the competition, so much so that it’s planning to skip the experimental phase and hook its prototype reactor up to the grid.
The decades-old concept, known as a stellarator, is deceptively simple: design a fusion reactor around the quirks of plasma, the superheated particles that fuse and generate power, rather than force the plasma into an artificial box. Easier said than done, of course. Plasma can be fickle, and designing “box” around the fourth state of matter is fiendishly complex.
That’s probably why stellarators spent years in the fusion-equivalent of the desert while the simpler doughnut-shaped tokamak ate everyone’s lunch, and nearly all of their research funding.
But not all of it. Type One Energy is the brainchild of a handful of physicists steeped in the stellarator world. One built the HSX stellarator at the University of Wisconsin-Madison, two more performed experiments on it, and a fourth worked on the Wendelstein 7-X reactor, the world’s largest stellarator.
Together, they founded Type One in 2019 and nudged forward their approach to fusion at a steady pace. The company wasn’t in stealth — TechCrunch+ identified it as a promising fusion startup last year — but it was operating on a slim budget.
Fusion startup Type One Energy gets $29M seed round to fast-track its reactor designs by Tim De Chant originally published on TechCrunch
Concrete is ubiquitous. A mainstay of the construction industry, over 10 billion cubic meters of concrete is used every year. It’s also responsible for up to 8% of CO2 emissions: one ton of ordinary Portland cement creates somewhere between 800 and 900 kilograms of CO2 emissions. Finnish startup Carbonaide has just raised €1.8 million (~$1.9 million at today’s exchange rate) in seed funding to knock down concrete’s carbon emissions, but not the construction industry.
“Our goal at Carbonaide is to create a more sustainable future with cutting-edge tech that doesn’t just reduce the carbon emissions of construction materials like concrete, but that traps more CO2 than they emit throughout their lifetime,” explains Tapio Vehmas, Carbonaide’s CEO. “It is very natural that the constructed environment becomes a CO2 sink, as it is the largest volume of man-made material.”
Carbonaide’s process binds carbon dioxide into precast concrete using an automated system at atmospheric pressure. By reducing the quantity of required cement content and mineralizing CO2 into the concrete itself, Carbonaide believes it can halve the carbon dioxide emissions of traditional Portland cement concrete. If it can introduce industrial waste products, for example, industry slag, green liquor dregs, and bio-ash into the process, it has the potential to produce concrete with a negative carbon footprint.
The next step for Carbonaide is to scale the technology into a production line at its factory in Hollola, Finland, which is where this seed funding round comes in.
“The goal for this funding round is to scale the technology into an industrial-scale pilot factory. With the funding, we can implement the technology into a precast concrete production line that allows carbon curing as a part of the industrial process,” says Vehmas. “When we have done that, we will know exactly the cost structure and needed parameters for effective curing,” because it does need to add up.
“Can we develop technical solutions that also make sense commercially? Low-carbon products have to have a lower price than normal products. Otherwise, we can’t be sure that our technology will prevail,” says Vehmas.
Carbonaide has calculated that a fully operational chain could mineralize up to five tons of CO2 per day and increase production by 100-fold of its carbon-negative concrete products, but it’s not just about making this type of concrete industrially scalable. Carbonaide also needs to bring the naturally conservative construction industry with it.
“The technology must fit in perfectly, otherwise, it won’t make a change,” says Vehmas. “The industry is very conservative, but there is a good reason for that. We build structures that are meant to last, and by being conservative, we can ensure that they will remain in the future.”
It’s easy to say that if something isn’t broken, it doesn’t need to be fixed, but Vehmas recognizes how the carbon footprint of concrete is breaking the Earth, and it does need to be fixed: “I want to see how a low-carbon industry can become a reality in highly conservative markets. If we can make this happen, maybe our generation will have some hope to pay our carbon debt for future generations.”
Importantly, Vehmas has experience in the construction industry that he can bring on this quest, and he believes that the investment that Carbonaide has raised validates both its necessity and viability.
“I also have 20+ years of experience working with concrete, meaning I have dealt with industry my whole adulthood. I basically live and breathe concrete. That helps a lot when introducing new technology into a highly conservative industry,” says Vehmas. “This investment is a sign of good progress for us because we’ve received the support and backing of players in the industry already.”
Backing for Carbonaide comes from Lakan Betoni and Vantaa Energy, which led the seed funding. The round was completed with public loans and in-kind contributions from Business Finland and other Finnish concrete companies and strategic investors.
The concrete and energy companies supporting Carbonaide are doing so in more ways than just financially. They are also able to provide CO2 for Carbonaide’s processes, because believe it or not, while too much carbon dioxide is fizzing its way into the atmosphere, the captive kind that we need for everything from concrete to soda is in short supply.
If Carbonaide’s pilot factory goes to plan, Vehmas hopes that it can have a planet-saving impact on the construction industry.
“After the piloting, our goal is to commercialize the technology. We want to make this process easy to implement by packing the technology into a modular unit that is easy to install and enables easy implementation of the technology on-site,” says Vehmas. “If everything goes as I dream, our technology will start a process where the constructed environment becomes a carbon sink in the future, not a source of massive emissions.”
When life gives you carbon, make Carbonaide by Haje Jan Kamps originally published on TechCrunch
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