ImpactAlpha, Nov. 3 – Early-stage climate tech investor and accelerator Elemental Excelerator has helped launch some of the hottest names in climate tech. Among its winners: BlocPower, ChargerHelp and Solstice, Heliogen, Proterra and Stem.
Hawaii and California-based Elemental prioritizes community relevance, deployment and scalability.
Elemental’s latest cohort puts a bullseye on solutions for heavy emitting industries like shipping, air conditioning, transportation and construction.
“We are betting on entrepreneurs tackling major sources of emissions,” said Elemental’s Dawn Lippert. “And working with every company to deploy successfully in local communities.”
The 17 startups in the latest cohort include Somerville, Mass.-based Transaera, a producer of efficient air conditioners; London-based Modulous, which digitizes construction design and logistics; Portland-based Community Energy Labs, which builds energy management tech for schools, universities, and government buildings; and Origen, a zero-carbon lime producer, also in London.
The new additions bring Elemental’s portfolio to more than 150 startups, with 26 exits. The organization has invested $57 million; those companies have gone on to raise more than $7 billion in follow-on funding.
Elemental last year spun out Earthshot Ventures, a climate VC firm with limited partners including Emerson Collective, Microsoft’s Climate Innovation Fund, NextGen America’s Tom Steyer, Kleiner Perkins’ John Doerr and others.