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As mega-rounds become rarer, energy startups are powering up
The largest funding rounds raised by startups are becoming rarer and rarer. For upstart companies working on the future of energy, however, the market is
During the first two months and first days of March last year, some 12 deals met our “energy” criteria, tracking companies that are working in power generation and distribution using Crunchbase data. That’s because of credit industrial policy: The Inflation Reduction Act in the U.S. and the Green Deal in the EU offered hundreds of billions in incentives for manufacturers and suppliers to set up operations onshore. The wide range of industries represented this year suggests that many formerly early-stage companies have mastered their science or technical risks and have started their journey toward commercialization.
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