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TRACXN TOP BUSINESS MODELS REPORT
June 23, 2023
SUSTAINABILITY TECH
Sustainability Tech - Top Business Models Report Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Contents
Sustainability Tech Funding Overview 3
Top Funded Business Models 4
One Pagers 9
Appendix 59
2
Sustainability Tech - Top Business Models Report Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Sustainability Tech - Funding in last 1 year
3
Green Transport $8.9B
Renewable Energy Tech $3.7B
Air Pollution Management Tech $3.4B
Circular Economy $3.1B
Energy Efficiency Tech $2.2B
Solid Waste Management Tech $1.9B
Y-o-Y Funding
Top Investors by Funding Rounds
Seed
Stage
Y Combinator
Antler
Techstars
13
11
9
Early
Stage
Lowercarbon Capital
MCJ Collective
Breakthrough Energy
15
10
9
Late
Stage
Temasek
S2G Ventures
CPP Investments
7
6
5
Funding by Geography
Top Feeds by $ Funding
Top Funding Rounds
United States (44%)
India (9%)
United Kingdom (8%)
China (7%)
France (6%)
Sweden (5%)
Germany (4%)
Others (17%)
$ Funding # Rounds
Northvolt
(2016, Sweden)
$1.1B - Series C
VOYAH
(2019, China)
$637M - Series A
Octopus Energy
(2015, United Kingdom)
$550M - Series F
Clean Capital
(2015, United States)
$500M - Series B
LanzaTech
(2005, United States)
$500M - Series F
Form Energy
(2009, United States)
$450M - Series E
Electrify America
(2016, United States)
$450M - Series C
Levdeo
(2008, China)
$447M - Series A
Xpansiv
(2016, United States)
$400M - Series D
Serentica Renewables
(2022, India)
$400M - Series D
Delos
(2009, United States)
$356M - Series D
Zipline
(2014, United States)
$330M - Series F
Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Sustainability Tech - Top Business Models Report
Top Funded Business Models - last 1 year (1/5)
4
Rank Business Model $ Funding # Rounds Top Funding Round Details
1▲4 EV Charging Network Operators $1.8B 26 Electrify Ame.. | $450M | Series C Link
2▼1 Electric Car Manufacturers $1.1B 12 VOYAH | $637M | Series A Link
3▲28 Carbon Credit Trading Platform $767M 51 Xpansiv | $400M | Series D Link
4▲14 Antibiotics $657M 24 Everest Medic.. | $280M | Series D Link
5▲3 Green Utilities $639M 5 Octopus Energy | $550M | Series F Link
6▲19 Fuel From Waste $630M 10 LanzaTech | $500M | Series F Link
7<> 0 Electric Scooter Manufacturers $620M 25 Ola Electric | $300M | Series D Link
8▲1 Utility Bill Management Software $573M 5 Octopus Energy | $550M | Series F Link
9-- Solar Energy Investment Platform $510M 6 Clean Capital | $500M | Series B Link
10▲12 Plug In Electric Vehicle Chargers $428M 29 Span.IO | $96.5M | Series B Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.
Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Sustainability Tech - Top Business Models Report
Top Funded Business Models - last 1 year (2/5)
5
Rank Business Model $ Funding # Rounds Top Funding Round Details
11-- Methane Pyrolysis $352M 4 Monolith | $300M | Series D Link
12<> 0 Carbon Sequestration By Adsorption $333M 3 Svante | $318M | Series E Link
13▼2 Electric Vehicle Rentals $326M 2 Lime | $310M | Series D Link
14▼10 Automotive Batteries Manufacturers $325M 9 One AI | $300M | Series B Link
15▼5 Lithium Battery Recycling $305M 6 Ascend Elements | $200M | Series C Link
16-- Electric Four Wheeler Li-Ion Battery $300M 1 One AI | $300M | Series B Link
17▼11 Electrical Aircraft $296M 21 ZeroAvia | $80.2M | Series C Link
18▼15 eVTOL Manufacturers $250M 5 Volocopter | $182M | Series E Link
19-- Drugs for Ovarian Cancer $221M 1 ArsenalBio | $221M | Series B Link
20▼3 Diagnostic Tests for Infections $213M 9 Molbio Diagn.. | $85.0M | Series C Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.
Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Sustainability Tech - Top Business Models Report
Top Funded Business Models - last 1 year (3/5)
6
Rank Business Model $ Funding # Rounds Top Funding Round Details
21▲22 Charging Station Management Software $208M 19 Virta | $71.9M | Series D Link
22▼1 Enzyme based Carbon Sequestration $200M 1 Solugen | $200M | Series D Link
23▲4 Microfinance Providers $196M 7 Arohan | $89.2M | Series C Link
24▲9 Electric Motorcycle Manufacturers $195M 17 Zero Motorcyc.. | $107M | Series G Link
25-- Affordable Housing Developers $171M 6 Clanmil Housing | $111M | Series D Link
26▲3 Commercial Energy Management Systems $161M 21 Infogrid | $90.0M | Series B Link
27-- Electric Rickshaw Manufacturers $152M 4 TI Clean Mobi.. | $145M | Series D Link
28-- Waste Sorting Robots $137M 5 AMP Robotics | $91.2M | Series C Link
29▼3 Utility Data Management $129M 1 Arcadia | $129M | Series D Link
30▲19 Solar Products ECommerce $127M 1 Waaree | $127M | Series C Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.
Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Sustainability Tech - Top Business Models Report
Top Funded Business Models - last 1 year (4/5)
7
Rank Business Model $ Funding # Rounds Top Funding Round Details
31-- Weather Forecasting Systems $123M 5 Tomorrow.io | $87.0M | Series E Link
32▼8 Electric Truck Manufacturers $97.3M 7 Einride | $200M | Series C Link
33-- Employee Family Benefits Management $90.0M 1 Maven | $90.0M | Series E Link
34-- Drugs for Reproductive Disorders $88.5M 9 Comanche | $36.1M | Series C Link
35-- Electric Dumper Manufacturers $84.7M 2 Boreton Tech.. | $84.7M | Series C Link
36-- Electric Bicycle Rentals $83.0M 4 Yulu | $83.0M | Series B Link
37-- Electric Commercial Vehicle Manufacturers $70.8M 4 Quantron | $50.4M | Series A Link
38-- eCar Ride Hailing Platforms $70.3M 5 BluSmart | $37.0M | Series B Link
39-- Anti-Hepatitis Drugs $70.1M 4 Bluejay Ther.. | $41.0M | Series B Link
40-- Electric 3 wheeler Cargo Manufacturers $69.3M 4 Euler Motors | $60.0M | Series C Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.
Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Sustainability Tech - Top Business Models Report
Top Funded Business Models - last 1 year (5/5)
8
Rank Business Model $ Funding # Rounds Top Funding Round Details
41-- Internet First Farm Loans Marketplace $64.4M 6 Jai Kisan | $50.0M | Series B Link
42-- Online Car Subscription Platform $60.0M 2 Onto | $60.0M | Series C Link
43▼1 Renewable Energy Asset Management Software $58.1M 12 Odyssey Ener.. | $15.0M | Series A Link
44-- Grid Analytics Software $54.9M 4 eSmart Systems | $40.2M | Series B Link
45-- Menstrual Care $54.1M 4 Soothe Healt.. | $31.5M | Series C Link
46-- Grid Flexibility Marketplace $53.5M 4 Sympower | $22.3M | Series B Link
47▲1 Prenatal Diagnostic Tests $53.5M 2 BillionToOne | $48.5M | Series C Link
48▼12 Commercial BEMS $50.3M 8 Therma | $19.0M | Series A Link
49-- Electric Rickshaw Ride Hailing $50.0M 1 Mauto | $50.0M | Series C Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.
Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Sustainability Tech - Top Business Models Report
Recent Funding Rounds
EV Charging Network Operators
01
9
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$1.8B (▲31.7%)
26(▼33.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
31
$4.1B
148
6
578
24
Electric Vehicles (Lime)
(# Cos: 10101 | $88.1B)
Charging Solutions (Magenta)
(# Cos: 1941 | $7.8B)
Station Network (Volta)
(# Cos: 882 | $5.1B)
Charging (EV Connect)
(# Cos: 836 | $4.7B)
Operators (ChargePoint)
(# Cos: 578 | $4.1B)
ChargePoint
(2007, United States, $530M)
Volta
(2010, United States, $90.8M)
Magenta
(2017, India, $56.2M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Electrify Ame.. (2016, United States)
$450M - Series C - Jun 2022
DRIVECO (2010, France)
$274M - PE - May 2023
Zeplug (2014, France)
$240M - Series C - Sep 2022
Electra (2021, France)
$168M - Series A - Jun 2022
Jolt Energy (2018, Germany)
$166M - Series D - May 2023
Be.EV (2019, United Kingdom)
$127M - Series D - Oct 2022
Zunder (2018, Spain)
$97.1M - Series D - Oct 2022
View all 26 Funding Rounds on Tracxn Platform
Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Sustainability Tech - Top Business Models Report
Recent Funding Rounds
VOYAH (2019, China)
$637M - Series A - Nov 2022
Levdeo (2008, China)
$447M - Series A - Nov 2022
Lightyear (2016, Netherlands)
$8.6M - Series B - Feb 2023
$81.0M - Series B - Sep 2022
Kate (2022, France)
$7.6M - Seed - Apr 2023
Aptera Motors (2005, United States)
$3.1M - Series C - Feb 2023
$709K - Series B - Sep 2022
View all 12 Funding Rounds on Tracxn Platform
Electric Car Manufacturers
02
10
Back to index
Electric Vehicles (Lime)
(# Cos: 10101 | $88.1B)
Automaker (Ather Energy)
(# Cos: 4609 | $63.6B)
Cars (Tesla)
(# Cos: 333 | $34.3B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$1.1B (▼60.6%)
12(▼33.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
6
$34.3B
93
13
333
23
Tesla
(2003, United States, $404M)
Xiaopeng
(2014, China, $2.6B)
Rimac Automobili
(2009, Croatia, $885M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Sustainability Tech - Top Business Models Report
Recent Funding Rounds
Xpansiv (2016, United States)
$125M - Series D - Jan 2023
$400M - Series D - Jul 2022
AirCarbon (2019, Singapore)
$50.0M - Series B - Nov 2022
Carbonext (2010, Brazil)
$40.0M - Series B - Jul 2022
SINAI (2017, United States)
$22.0M - Series A - Sep 2022
Cloverly (1999, United States)
$19.0M - Series A - May 2023
CHOOOSE (2017, Norway)
$15.0M - Series A - Jul 2022
View all 51 Funding Rounds on Tracxn Platform
Carbon Credit Trading Platform
03
11
Back to index
Air Pollution Management Tech (iRobot)
(# Cos: 2228 | $11.3B)
Carbon Management (Watershed)
(# Cos: 1119 | $8.7B)
Carbon Offset Trading Platforms
(Xpansiv)
(# Cos: 399 | $1.5B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$767M (▲193%)
51(▲41.7%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
8
$1.5B
139
-
399
16
Xpansiv
(2016, United States, $675M)
BeZero Carbon
(2020, United Kingdom, $77.2M)
Nori
(2017, United States, $18.6M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Sustainability Tech - Top Business Models Report
Recent Funding Rounds
Everest Medic.. (2017, United States)
$280M - Series D - Mar 2023
Vedanta Biosc.. (2010, United States)
$107M - Series E - Apr 2023
ILiAD Biotech.. (2012, United States)
$42.8M - Series D - Sep 2022
Prokarium (2012, United Kingdom)
$30.0M - Series C - Feb 2023
Adaptive Phag.. (2016, United States)
$30.0M - Series B - Jun 2023
Pattern Biosc.. (2016, United States)
$28.7M - Series C - Apr 2023
Micreos (2005, Netherlands)
$24.6M - Series D - Oct 2022
View all 24 Funding Rounds on Tracxn Platform
Antibiotics
04
12
Back to index
Infectious Diseases (Adaptive Biotechnologies)
(# Cos: 2280 | $31.6B)
Drugs (Moderna)
(# Cos: 1275 | $26.5B)
Bacterial (Spero Therapeutics)
(# Cos: 361 | $6.2B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$657M (▲70%)
24(▲20%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
41
$6.2B
267
39
361
32
Spero Therapeutics
(2013, United States, $115M)
Locus Biosciences
(2015, United States, $67.3M)
Bioversys
(2008, Switzerland, $62.5M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Sustainability Tech - Top Business Models Report
Recent Funding Rounds
Green Utilities
05
13
Back to index
Smart Grid (OVO Energy)
(# Cos: 2349 | $12.3B)
Green Utilities (Octopus Energy)
(# Cos: 16 | $2.5B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$639M (▼33.8%)
5(▲25%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
4
$2.5B
10
-
16
2
Octopus Energy
(2015, United Kingdom, $2.0B)
OVO Energy
(2009, United Kingdom, $258M)
Bulb
(2014, United Kingdom, $91.5M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Octopus Energy (2015, United Kingdom)
Undisclosed - Series F - Sep 2022
$550M - Series F - Jul 2022
Tesseract (2022, United Kingdom)
$78.0M - Series A - Sep 2022
Ostrom (2020, Germany)
$9.8M - Series A - Dec 2022
Sunne (2017, Brazil)
$1.1M - Seed - Apr 2023
Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Sustainability Tech - Top Business Models Report
Recent Funding Rounds
LanzaTech (2005, United States)
$500M - Series F - Nov 2022
Charm Industr.. (2018, United States)
$100M - Series B - Jun 2023
WasteFuel (2019, United States)
$12.7M - Series A - Feb 2023
Sistema (2009, Kenya)
$10.0M - Series B - Oct 2022
Cetogenix (2022, New Zealand)
$4.5M - Seed - Jul 2022
Kvasir Technologies (2018, Denmark)
$2.4M - Seed - Apr 2023
WtE-As (2017, Spain)
Undisclosed - Series A - Dec 2022
View all 10 Funding Rounds on Tracxn Platform
Fuel From Waste
06
14
Back to index
Solid Waste Management Tech (Olio)
(# Cos: 1819 | $9.7B)
Waste-To-Energy (Crusoe Energy)
(# Cos: 191 | $4.2B)
Fuel (LanzaTech)
(# Cos: 115 | $2.9B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$630M (▲109%)
10(▲66.7%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
4
$2.9B
65
3
115
12
LanzaTech
(2005, United States, $869M)
Enerkem
(2000, Canada, $859M)
Charm Industrial
(2018, United States, $100M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Sustainability Tech - Top Business Models Report
Recent Funding Rounds
Electric Scooter Manufacturers
07
15
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$620M (▼36.5%)
25(▼10.7%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
11
$3.1B
86
6
424
19
Electric Vehicles (Lime)
(# Cos: 10101 | $88.1B)
Automaker (Tesla)
(# Cos: 4609 | $63.6B)
Two Wheelers (Ola Electric)
(# Cos: 963 | $4.1B)
Scooters (Ather Energy)
(# Cos: 424 | $3.1B)
Ather Energy
(2013, India, $336M)
Ola Electric
(2017, India, $1.2B)
Hero Electric
(2007, India, $72.3M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Ola Electric (2017, India)
$300M - Series D - May 2023
One Moto (2018, United Arab Emirates)
$150M - Series D - Jan 2023
Ather Energy (2013, India)
$50.0M - Series E - Oct 2022
Ray Electric Motors (2019, Spain)
$21.0M - Series A - Dec 2022
Simple Energy (2019, India)
$20.0M - Series A - Feb 2023
Bounce Infinity (2021, India)
$20.0M - Series B - Jan 2023
River (2020, India)
$15.0M - Series B - Jun 2023
View all 25 Funding Rounds on Tracxn Platform
Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Sustainability Tech - Top Business Models Report
Recent Funding Rounds
Utility Bill Management Software
08
16
Back to index
Energy Efficiency Tech (AppFolio)
(# Cos: 6858 | $24.5B)
Utility Bill Management (Octopus Energy)
(# Cos: 29 | $2.1B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$573M (▼40%)
5(▲150%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$2.1B
14
-
29
3
Octopus Energy
(2015, United Kingdom, $2.0B)
Amberflo
(2020, United States, $20.0M)
One Utility Bill
(2014, United Kingdom, $6.1M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Octopus Energy (2015, United Kingdom)
Undisclosed - Series F - Sep 2022
$550M - Series F - Jul 2022
Amberflo (2020, United States)
$15.0M - Series A - Jan 2023
Bia (2022, Colombia)
$6.0M - Seed - Jul 2022
Zero Friction (2018, Belgium)
$2.3M - Seed - Sep 2022
Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Sustainability Tech - Top Business Models Report
Recent Funding Rounds
Clean Capital (2015, United States)
$500M - Series B - Jun 2023
Sunrock (2021, United States)
$10.0M - Series A - Jun 2023
GoParity (2016, Portugal)
$2.2M - Seed - Jan 2023
$1.6M - Seed - Jul 2022
Raise Green (2011, United States)
$1.0M - Seed - Jun 2023
$1.2M - Seed - Oct 2022
Solar Energy Investment Platform
09
17
Back to index
Renewable Energy Tech (First Solar)
(# Cos: 3084 | $23.2B)
Solar Energy (SolarEdge)
(# Cos: 1551 | $12.9B)
Investment Platform (Clean Capital)
(# Cos: 47 | $655M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$510M ( -- )
6( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$655M
20
-
47
3
Clean Capital
(2015, United States, $504M)
Raise Green
(2011, United States, $2.2M)
GoParity
(2016, Portugal, $4.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Sustainability Tech - Top Business Models Report
Recent Funding Rounds
Span.IO (2014, United States)
$96.5M - Series B - Mar 2023
EO Charging (2014, United Kingdom)
$80.0M - Series B - Feb 2023
RAW Charging (2018, United Kingdom)
$60.1M - Series D - Jul 2022
Mobility House (2009, Germany)
$50.0M - Series C - Nov 2022
FIMER (1942, Italy)
$43.3M - Series C - Sep 2022
SparkCharge (2014, United States)
$29.0M - Series B - Dec 2022
Indra (2011, United Kingdom)
$23.9M - Series B - Mar 2023
View all 29 Funding Rounds on Tracxn Platform
Plug In Electric Vehicle Chargers
10
18
Back to index
Electric Vehicles (Lime)
(# Cos: 10101 | $88.1B)
Charging Solutions (ChargePoint)
(# Cos: 1941 | $7.8B)
Plug in Charging (FreeWire)
(# Cos: 729 | $1.7B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$428M (▲31.1%)
29(▲3.6%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
53
$1.7B
192
6
729
22
FreeWire
(2014, United States, $228M)
Span.IO
(2014, United States, $231M)
POD Point
(2009, United Kingdom, $58.4M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Sustainability Tech - Top Business Models Report
Recent Funding Rounds
Methane Pyrolysis
11
19
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$352M ( -- )
4( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$452M
7
-
8
3
Energy Storage Tech (ChargePoint)
(# Cos: 5553 | $44.6B)
Hydrogen (Nel Hydrogen)
(# Cos: 365 | $3.5B)
Hydrogen Generation (Sunfire)
(# Cos: 205 | $2.6B)
Methane Pyrolysis (HiiROC)
(# Cos: 8 | $452M)
HiiROC
(2019, United Kingdom, $34.6M)
Monolith
(2012, United States, $300M)
Ekona
(2017, Canada, $69.9M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Monolith (2012, United States)
$300M - Series D - Jul 2022
Modern Hydrogen (2015, United States)
$32.8M - Series B - May 2023
Levidian (2012, United Kingdom)
$13.5M - Series B - Oct 2022
Ekona (2017, Canada)
$5.5M - Series A - Aug 2022
Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Sustainability Tech - Top Business Models Report
Recent Funding Rounds
Carbon Sequestration By Adsorption
12
20
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$333M (▼56%)
3(▼62.5%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$1.4B
22
-
29
4
Air Pollution Management Tech (iRobot)
(# Cos: 2228 | $11.3B)
Carbon Management (Watershed)
(# Cos: 1119 | $8.7B)
Carbon Capture (LanzaTech)
(# Cos: 270 | $6.1B)
Carbon Sequestration (Solugen)
(# Cos: 48 | $2.1B)
Adsorption (Climeworks)
(# Cos: 29 | $1.4B)
Climeworks
(2009, Switzerland, $762M)
Svante
(2007, Canada, $493M)
Heirloom
(2020, United States, $53.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Svante (2007, Canada)
$15.0M - Series E - Mar 2023
$318M - Series E - Dec 2022
ION Engineering (2008, United States)
Undisclosed - Series A - Mar 2023
Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Sustainability Tech - Top Business Models Report
Recent Funding Rounds
Electric Vehicle Rentals
13
21
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$326M (▼57.2%)
2(▼66.7%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$2.7B
16
1
40
7
Electric Vehicles (ChargePoint)
(# Cos: 10101 | $88.1B)
Vehicle as a Service (Yulu)
(# Cos: 1299 | $7.6B)
Multi Category Vehicles (TIER)
(# Cos: 133 | $2.8B)
Free Float (Lime)
(# Cos: 40 | $2.7B)
Lime
(2017, United States, $1.8B)
TIER
(2018, Germany, $660M)
Helbiz
(2016, United States, $8.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Lime (2017, United States)
$310M - Series D - Jul 2022
Xingxing Mobility (2019, South Korea)
$15.6M - Series B - Dec 2022
Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Sustainability Tech - Top Business Models Report
Recent Funding Rounds
One AI (2016, United States)
$300M - Series B - Feb 2023
Verkor (2020, France)
$248M - Series C - Nov 2022
$61.2M - Series B - Jul 2022
Log9 Materials (2015, India)
$11.2M - Series B - Jan 2023
$40.0M - Series B - Jan 2023
$20.9M - Series B - Aug 2022
Exponent Energy (2020, India)
$13.0M - Series A - Aug 2022
View all 9 Funding Rounds on Tracxn Platform
Automotive Batteries Manufacturers
14
22
Back to index
Auto Components (Cooper Standard)
(# Cos: 11173 | $12.3B)
Electrical and Electronic System
(QuantumScape)
(# Cos: 50 | $3.8B)
Battery (Log9 Materials)
(# Cos: 44 | $3.8B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$325M (▼77.1%)
9(▼40%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$3.8B
21
3
44
7
Log9 Materials
(2015, India, $89.2M)
QuantumScape
(2010, United States, $1.0B)
StoreDot
(2012, Israel, $226M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Sustainability Tech - Top Business Models Report
Recent Funding Rounds
Lithium Battery Recycling
15
23
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$305M (▼60.9%)
6(▼40%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$1.1B
18
2
22
4
Solid Waste Management Tech (Crusoe Energy)
(# Cos: 1819 | $9.7B)
Recycling (AMP Robotics)
(# Cos: 586 | $3.8B)
Tech Enabled Recyclers (Ecovative)
(# Cos: 134 | $1.9B)
Lithium (Redwood Materials)
(# Cos: 22 | $1.1B)
Redwood Materials
(2017, United States, $792M)
Ascend Elements
(2015, United States, $301M)
Lithion Recycling
(2018, Canada, $15.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Ascend Elements (2015, United States)
$200M - Series C - Oct 2022
$101M - Series C - Aug 2022
tozero (2022, Germany)
$3.5M - Seed - Sep 2022
Lithion Recycling (2018, Canada)
Undisclosed - Series A - Sep 2022
Undisclosed - Series B - Jul 2022
Metastable Materials (2021, India)
Undisclosed - Seed - Apr 2023
Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Sustainability Tech - Top Business Models Report
Recent Funding Rounds
Electric Four Wheeler Li-Ion Battery
16
24
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$300M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
6
$1.7B
16
6
59
3
Electric Vehicles (Lime)
(# Cos: 10101 | $88.1B)
Components (KPIT Technologies)
(# Cos: 754 | $8.2B)
Batteries (Log9 Materials)
(# Cos: 277 | $6.3B)
Four Wheelers (One AI)
(# Cos: 91 | $1.7B)
Diversified (Microvast)
(# Cos: 73 | $1.7B)
Lithium-Ion (A123 Systems)
(# Cos: 59 | $1.7B)
A123 Systems
(2001, China, $201M)
Microvast
(2006, United States, $430M)
One AI
(2016, United States, $390M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
One AI (2016, United States)
$300M - Series B - Feb 2023
Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Sustainability Tech - Top Business Models Report
Recent Funding Rounds
Electrical Aircraft
17
25
Back to index
Aerospace Tech (Lilium)
(# Cos: 770 | $5.3B)
Electric Aircraft (Joby Aviation)
(# Cos: 239 | $3.3B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$296M (▼71.2%)
21(▲10.5%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
12
$3.3B
83
5
239
15
Joby Aviation
(2009, United States, $690M)
Lilium
(2015, Germany, $375M)
Elroy Air
(2016, United States, $60.6M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
ZeroAvia (2017, United States)
$80.2M - Series C - Oct 2022
$30.0M - Series B - Jul 2022
SkyDrive (2018, Japan)
$66.6M - Series C - Sep 2022
Bee Flights (2022, India)
$36.3M - Series C - Dec 2022
VoltAero (2018, France)
$31.7M - Series B - Nov 2022
TCab Tech (2021)
$14.7M - Seed - Feb 2023
Bye Aerospace (2007, United States)
$14.0M - Series C - Nov 2022
View all 21 Funding Rounds on Tracxn Platform
Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Sustainability Tech - Top Business Models Report
Recent Funding Rounds
eVTOL Manufacturers
18
26
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$250M (▼84.5%)
5(▼37.5%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
4
$4.1B
47
5
71
8
Electric Vehicles (Lime)
(# Cos: 10101 | $88.1B)
Automaker (Tesla)
(# Cos: 4609 | $63.6B)
Aerial (Lilium)
(# Cos: 197 | $4.5B)
Vertical Take-Off And Landing
(Joby Aviation)
(# Cos: 71 | $4.1B)
Joby Aviation
(2009, United States, $690M)
Lilium
(2015, Germany, $375M)
Volocopter
(2011, Germany, $725M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Volocopter (2011, Germany)
$182M - Series E - Nov 2022
SkyDrive (2018, Japan)
$66.6M - Series C - Sep 2022
HopFlyt (2016, United States)
$1.5M - Seed - Nov 2022
BETA (2012, United States)
Undisclosed - Series B - Jun 2022
Dufour Aerospace (2017, Switzerland)
Undisclosed - Series B - Jan 2023
Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Sustainability Tech - Top Business Models Report
Recent Funding Rounds
Drugs for Ovarian Cancer
19
27
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$221M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$306M
3
1
4
1
Women Health (Hologic)
(# Cos: 840 | $8.4B)
Drugs (BioNTech)
(# Cos: 139 | $2.8B)
Cancer (Atossa Therapeutics)
(# Cos: 15 | $381M)
Ovarian Cancer (ArsenalBio)
(# Cos: 4 | $306M)
ArsenalBio
(2019, United States, $306M)
Nuvectis Pharma
(2020, United States)
KeViRx
(2017, United States)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
ArsenalBio (2019, United States)
$221M - Series B - Sep 2022
Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Sustainability Tech - Top Business Models Report
Recent Funding Rounds
Molbio Diagnostics (2010, India)
$85.0M - Series C - Sep 2022
Visby Medical (2010, United States)
$35.0M - Series E - Jun 2022
SpeeDx (2009, Australia)
$26.0M - Series C - Feb 2023
DeepUll (2020, Spain)
$18.0M - Series B - Mar 2023
$13.5M - Series B - Oct 2022
Zhuhai Meihua Medical.. (2010, China)
$14.3M - Series B - Dec 2022
Biofire Diagn.. (1990, United States)
$14.0M - Series A - Nov 2022
View all 9 Funding Rounds on Tracxn Platform
Diagnostic Tests for Infections
20
28
Back to index
Infectious Diseases (Moderna)
(# Cos: 2280 | $31.6B)
In Vitro Diagnostic Tests (Inflammatix)
(# Cos: 819 | $4.7B)
Diversified (Visby Medical)
(# Cos: 406 | $3.5B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$213M (▼47%)
9(▼47.1%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
49
$3.5B
219
25
406
21
Visby Medical
(2010, United States, $331M)
Inflammatix
(2016, United States, $135M)
Karius
(2014, United States, $254M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Sustainability Tech - Top Business Models Report
Recent Funding Rounds
Charging Station Management Software
21
29
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$208M (▲36.4%)
19(▼29.6%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
13
$571M
85
-
242
17
Electric Vehicles (Lime)
(# Cos: 10101 | $88.1B)
Charging Solutions (Magenta)
(# Cos: 1941 | $7.8B)
Station Network (Volta)
(# Cos: 882 | $5.1B)
Charging (ChargePoint)
(# Cos: 836 | $4.7B)
Station Management IT (EV Connect)
(# Cos: 242 | $571M)
EV Connect
(2009, United States, $49.9M)
SWTCH
(2018, Canada, $10.8M)
Weave Grid
(2018, United States, $50.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Virta (2013, Finland)
$71.9M - Series D - Apr 2023
Xeal (2019, United States)
$40.0M - Series B - Nov 2022
Weave Grid (2018, United States)
$35.0M - Series B - Nov 2022
Monta (2020, Denmark)
$30.3M - Series A - Sep 2022
AMPECO (2018, Bulgaria)
$13.0M - Series A - Jan 2023
ChargeLab (2019, Canada)
$10.0M - Series A - Apr 2023
EcoG (2017, Germany)
$6.4M - Series A - Dec 2022
View all 19 Funding Rounds on Tracxn Platform
Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Sustainability Tech - Top Business Models Report
Recent Funding Rounds
Enzyme based Carbon Sequestration
22
30
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$200M (▼44%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$637M
3
1
3
1
Air Pollution Management Tech (iRobot)
(# Cos: 2228 | $11.3B)
Carbon Management (Watershed)
(# Cos: 1119 | $8.7B)
Carbon Capture (LanzaTech)
(# Cos: 270 | $6.1B)
Carbon Sequestration (Climeworks)
(# Cos: 48 | $2.1B)
BioTech (Living Carbon)
(# Cos: 7 | $677M)
Enzymes (Solugen)
(# Cos: 3 | $637M)
Solugen
(2016, United States, $637M)
CO2 Solutions
(1997, Canada)
Arrhenius
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Solugen (2016, United States)
$200M - Series D - Nov 2022
Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Sustainability Tech - Top Business Models Report
Recent Funding Rounds
Microfinance Providers
23
31
Back to index
Microfinance (Fusion Microfinance)
(# Cos: 713 | $3.9B)
Microcredit (Fincare Small Finance Bank)
(# Cos: 701 | $3.8B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$196M (▼33.2%)
7(▼50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
29
$3.8B
177
13
701
10
Fincare Small Finance ..
(2007, India, $195M)
Fusion Microfinance
(2010, India, $202M)
Muthoot Microfin
(2010, India, $108M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Arohan (2006, India)
$89.2M - Series C - Mar 2023
Gojo (2014, Japan)
$48.0M - Series E - Nov 2022
Light Microfinance (2009, India)
$24.6M - Series B - Sep 2022
Avanti (2016, India)
$24.0M - Series B - Apr 2023
Muthoot Microfin (2010, India)
$10.0M - Series B - Sep 2022
Djoin (2020, Indonesia)
$1.0M - Seed - Jul 2022
Centre Financier au.. (2015, Tunisia)
Undisclosed - Seed - Jun 2022
Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Sustainability Tech - Top Business Models Report
Recent Funding Rounds
Electric Motorcycle Manufacturers
24
32
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$195M (▼16.6%)
17(▼29.2%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$864M
72
2
233
10
Electric Vehicles (Lime)
(# Cos: 10101 | $88.1B)
Automaker (Tesla)
(# Cos: 4609 | $63.6B)
Two Wheelers (Ather Energy)
(# Cos: 963 | $4.1B)
Motorcycles (Damon)
(# Cos: 233 | $864M)
Damon
(2017, Canada, $65.5M)
Ultraviolette
(2016, India, $63.7M)
Zero Motorcycles
(2006, United States, $454M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Zero Motorcyc.. (2006, United States)
$107M - Series G - Sep 2022
Ultraviolette (2016, India)
$24.0M - Series D - Nov 2022
$10.0M - Series D - Aug 2022
ION Mobility (2019, Singapore)
$18.7M - Series A - Feb 2023
Dat Bike (2018, Vietnam)
$8.0M - Series B - Nov 2022
Scorpio Electric (2017, Singapore)
$6.8M - Series B - Jan 2023
Verge Motorcycles (2019, Finland)
$5.3M - Series A - Feb 2023
View all 17 Funding Rounds on Tracxn Platform
Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Sustainability Tech - Top Business Models Report
Recent Funding Rounds
Affordable Housing Developers
25
33
Back to index
Affordable Housing (Aptus Value Housing Finance India)
(# Cos: 4626 | $1.4B)
Developers (Great Places)
(# Cos: 3418 | $679M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$171M ( -- )
6( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
42
$679M
113
5
3418
2
Great Places
(1972, United Kingdom, $24.8M)
Planet Smart City
(2015, United Kingdom, $245M)
United Dwelling
(2018, United States, $10.1M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Clanmil Hous.. (1977, United Kingdom)
$111M - Series D - Oct 2022
Homz (2020, United States)
$50.0M - Seed - Mar 2023
Westhaven at .. (2022, United States)
$6.7M - Series A - Jul 2022
TRC Briarwick (2022, United States)
$1.8M - Seed - Sep 2022
Zander Park A.. (2020, United States)
$1.4M - Seed - Jul 2022
Vector Housing (2020, United Kingdom)
$547K - Seed - Mar 2023
Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Sustainability Tech - Top Business Models Report
Recent Funding Rounds
Commercial Energy Management
Systems
26
34
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$161M (▼42.3%)
21(▼34.4%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
93
$3.1B
349
11
1105
35
Energy Efficiency Tech (Octopus Energy)
(# Cos: 6858 | $24.5B)
Energy Management System (Alarm.com)
(# Cos: 3018 | $9.2B)
Building Automation Systems (Schneider
Electric)
(# Cos: 1989 | $6.2B)
BEMS (Landis+Gyr)
(# Cos: 1105 | $3.1B)
Landis+Gyr
(1896, Switzerland, $1.0B)
GridPoint
(2003, United States, $539M)
Zenatix
(2013, India, $1.7M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Infogrid (2018, United Kingdom)
$90.0M - Series B - Apr 2023
Willow (2017, Australia)
$28.8M - Series A - Dec 2022
Operto (2005, Canada)
$25.0M - Series B - Mar 2023
Kterio (2020, United Kingdom)
$10.0M - Series A - Aug 2022
Beeldi (2017, France)
$8.3M - Series A - Nov 2022
KODE Labs (2017, United States)
$8.0M - Series A - Aug 2022
CIM (2015, Australia)
$6.7M - Series A - Sep 2022
View all 21 Funding Rounds on Tracxn Platform
Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Sustainability Tech - Top Business Models Report
Recent Funding Rounds
Electric Rickshaw Manufacturers
27
35
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$152M ( -- )
4( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$215M
15
2
179
3
Electric Vehicles (Lime)
(# Cos: 10101 | $88.1B)
Automaker (Tesla)
(# Cos: 4609 | $63.6B)
Commercial Vehicles (Euler Motors)
(# Cos: 622 | $6.8B)
Light Commercial Vehicles (Nuro)
(# Cos: 412 | $2.6B)
Multi Category (ETO Motors)
(# Cos: 182 | $216M)
Rickshaws (TI Clean Mobility)
(# Cos: 179 | $215M)
TI Clean Mobility
(2022, India, $145M)
ETO Motors
(2018, India, $12.2M)
GMW
(2010, India, $50.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
TI Clean Mobility (2022, India)
$145M - Series D - Feb 2023
ETO Motors (2018, India)
$3.3M - Seed - Sep 2022
3evi (2019, India)
$2.5M - Seed - Jul 2022
HELIXX (2022, United Kingdom)
$1.3M - Seed - Jun 2023
Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Sustainability Tech - Top Business Models Report
Recent Funding Rounds
Waste Sorting Robots
28
36
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$137M ( -- )
5( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$328M
17
-
24
4
Solid Waste Management Tech (Crusoe Energy)
(# Cos: 1819 | $9.7B)
Recycling (Lohum)
(# Cos: 586 | $3.8B)
Automated Sorting (Recycleye)
(# Cos: 40 | $372M)
Robots (AMP Robotics)
(# Cos: 24 | $328M)
AMP Robotics
(2015, United States, $178M)
Smarter Sorting
(2015, United States, $62.4M)
Ishitva Robotics Systems
(2018, India, $1.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
AMP Robotics (2015, United States)
$8.0M - Series C - May 2023
$91.2M - Series C - Nov 2022
Everest Labs (2018, United States)
$16.1M - Series A - Jul 2022
Gongye Technology (2018, China)
$14.9M - Series A - Jul 2022
Smarter Sorting (2015, United States)
$7.0M - Series B - Aug 2022
Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Sustainability Tech - Top Business Models Report
Recent Funding Rounds
Arcadia (2014, United States)
$129M - Series D - Dec 2022
Utility Data Management
29
37
Back to index
Smart Grid (Octopus Energy)
(# Cos: 2349 | $12.3B)
Utility Management (Bidgely)
(# Cos: 731 | $2.6B)
Data Management (Arcadia)
(# Cos: 32 | $512M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$129M (▼57.2%)
1(▼80%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
4
$512M
12
-
32
3
Arcadia
(2014, United States, $500M)
Greenbird
(2010, Norway, $10.8M)
Bettergy
(2012, Spain)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Sustainability Tech - Top Business Models Report
Recent Funding Rounds
Solar Products ECommerce
30
38
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$127M (▼0.6%)
1(▼50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$1.2B
6
-
38
3
Renewable Energy Tech (First Solar)
(# Cos: 3084 | $23.2B)
Solar Energy (SolarEdge)
(# Cos: 1551 | $12.9B)
ECommerce (zolar)
(# Cos: 134 | $2.1B)
Products (Enpal)
(# Cos: 44 | $1.8B)
Retail (Waaree)
(# Cos: 38 | $1.2B)
Waaree
(1989, India, $143M)
zolar
(2016, Germany, $176M)
Solyndra
(2005, United States, $845M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Waaree (1989, India)
$127M - Series C - Sep 2022
Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Sustainability Tech - Top Business Models Report
Recent Funding Rounds
Weather Forecasting Systems
31
39
Back to index
Air Pollution Management Tech (iRobot)
(# Cos: 2228 | $11.3B)
Weather Forecasting (ClimateAI)
(# Cos: 318 | $460M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$123M ( -- )
5( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
5
$460M
36
-
318
6
ClimateAI
(2017, United States, $38.0M)
Skymet Weather
(2003, India, $11.8M)
AccuWeather
(1962, United States)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Tomorrow.io (2016, United States)
$87.0M - Series E - Jun 2023
ClimateAI (2017, United States)
$22.0M - Series B - Apr 2023
Perry Weather (2012, United States)
$6.3M - Series A - Oct 2022
Ex Machina (2015, Greece)
$5.0M - Series A - Jul 2022
Jua (2022, Switzerland)
$2.5M - Seed - Oct 2022
Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Sustainability Tech - Top Business Models Report
Recent Funding Rounds
Electric Truck Manufacturers
32
40
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$97.3M (▼68.7%)
7(▲16.7%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$2.3B
22
4
48
8
Electric Vehicles (Lime)
(# Cos: 10101 | $88.1B)
Automaker (Tesla)
(# Cos: 4609 | $63.6B)
Commercial Vehicles (Nuro)
(# Cos: 622 | $6.8B)
Trucks (Nikola Motor)
(# Cos: 48 | $2.3B)
Nikola Motor
(2014, United States, $760M)
Einride
(2016, Sweden, $652M)
Xos
(2016, United States, $20.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Einride (2016, Sweden)
$200M - Series C - Dec 2022
DeepWay (2002, China)
$112M - Series A - Mar 2023
$67.3M - Series A - Aug 2022
Volta Trucks (2019, Sweden)
$62.3M - Series C - Nov 2022
Orange EV (2012, United States)
$35.0M - Series A - Aug 2022
HV Systems (2017, United Kingdom)
$27.3M - Series A - Sep 2022
Lunaz (2020, United Kingdom)
Undisclosed - Seed - Aug 2022
Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Sustainability Tech - Top Business Models Report
Recent Funding Rounds
Maven (2014, United States)
$90.0M - Series E - Nov 2022
Employee Family Benefits Management
33
41
Back to index
Employee Health IT (Accolade)
(# Cos: 4223 | $26.7B)
Healthcare Benefits Administration (Progyny)
(# Cos: 8 | $541M)
Family Benefits (Maven)
(# Cos: 7 | $538M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$90.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$538M
7
1
7
3
Maven
(2014, United States, $300M)
Progyny
(2008, United States, $67.4M)
Carrot
(2016, United States, $115M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Sustainability Tech - Top Business Models Report
Recent Funding Rounds
Comanche (2020, United States)
$36.1M - Series C - May 2023
Sprout Pharma.. (2011, United States)
$7.1M - Series D - Apr 2023
$28.0M - Series D - Aug 2022
Gameto (2020, United States)
$17.0M - Series A - Sep 2022
YourChoice Th.. (2017, United States)
$15.0M - Series A - Jul 2022
CleopatraRx (2019, United States)
$250K - Seed - Mar 2023
Avana Health (2021, United States)
$128K - Seed - Nov 2022
View all 9 Funding Rounds on Tracxn Platform
Drugs for Reproductive Disorders
34
42
Back to index
Women Health (Hologic)
(# Cos: 840 | $8.4B)
Drugs (BioNTech)
(# Cos: 139 | $2.8B)
Reproductive Diseases (Forendo Pharma)
(# Cos: 41 | $600M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$88.5M ( -- )
9( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$600M
30
4
41
3
Forendo Pharma
(2013, Finland, $25.6M)
ObsEva
(2012, Switzerland, $94.7M)
OvaScience
(2011, United States, $77.2M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Sustainability Tech - Top Business Models Report
Recent Funding Rounds
Electric Dumper Manufacturers
35
43
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$84.7M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$123M
1
-
3
1
Electric Vehicles (Lime)
(# Cos: 10101 | $88.1B)
Automaker (Tesla)
(# Cos: 4609 | $63.6B)
Off Highway Vehicles (Rivian)
(# Cos: 116 | $10.8B)
High Tip Dumpers (Boreton
Technology)
(# Cos: 3 | $123M)
Boreton Technology
(2016, China, $123M)
Ecovolve
(2010, Ireland)
VPL
(1996, Pakistan)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Boreton Technology (2016, China)
$84.7M - Series C - Jan 2023
Undisclosed - Series C - Jul 2022
Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Sustainability Tech - Top Business Models Report
Recent Funding Rounds
Yulu (2017, India)
$83.0M - Series B - Sep 2022
HumanForest (2019, United Kingdom)
$15.0M - Series A - Apr 2023
Pony (2017, United Kingdom)
$6.6M - Series A - Apr 2023
Zoomo (2017, Australia)
Undisclosed - Series B - Jul 2022
Electric Bicycle Rentals
36
44
Back to index
Electric Vehicles (TIER)
(# Cos: 10101 | $88.1B)
Vehicle as a Service (Lime)
(# Cos: 1299 | $7.6B)
Bicycles (Yulu)
(# Cos: 244 | $501M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$83.0M ( -- )
4( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$501M
33
-
244
6
Yulu
(2017, India, $105M)
Wheels
(2017, United States, $92.8M)
Zoomo
(2017, Australia, $100M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Sustainability Tech - Top Business Models Report
Recent Funding Rounds
Electric Commercial Vehicle
Manufacturers
37
45
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$70.8M ( -- )
4( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
5
$1.5B
24
5
75
4
Electric Vehicles (Lime)
(# Cos: 10101 | $88.1B)
Automaker (Tesla)
(# Cos: 4609 | $63.6B)
Commercial Vehicles (Nuro)
(# Cos: 622 | $6.8B)
Multi Category Commercial
Vehicles (Proterra)
(# Cos: 75 | $1.5B)
Proterra
(2004, United States, $858M)
Arrival
(2015, United Kingdom, $111M)
EVage
(2019, India, $32.7M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Quantron (2019, Germany)
$50.4M - Series A - Sep 2022
HVS (2017, United Kingdom)
$27.3M - Series B - Sep 2022
Endera (2018, United States)
$20.4M - Series B - Aug 2022
Urban Sphere (2022)
$36.9K - Angel - Sep 2022
Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Sustainability Tech - Top Business Models Report
Recent Funding Rounds
eCar Ride Hailing Platforms
38
46
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$70.3M ( -- )
5( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$267M
16
-
45
3
Electric Vehicles (TIER)
(# Cos: 10101 | $88.1B)
Vehicle as a Service (Lime)
(# Cos: 1299 | $7.6B)
Cars (Europcar)
(# Cos: 295 | $999M)
Ride Hailing (BluSmart)
(# Cos: 45 | $267M)
BluSmart
(2019, India, $110M)
Hype
(2015, France, $113M)
Lithium Urban Technolo..
(2013, India, $28.1M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
BluSmart (2019, India)
$37.0M - Series B - May 2023
Undisclosed - Series A - Dec 2022
$15.0M - Series A - Jul 2022
Hype (2015, France)
$16.3M - Series C - Jan 2023
Eprakriti (2019, India)
$2.0M - Series A - Oct 2022
Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Sustainability Tech - Top Business Models Report
Recent Funding Rounds
Anti-Hepatitis Drugs
39
47
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$70.1M ( -- )
4( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
14
$1.2B
38
8
51
2
Infectious Diseases (Spero Therapeutics)
(# Cos: 2280 | $31.6B)
Drugs (Adaptive Biotechnologies)
(# Cos: 1275 | $26.5B)
Viral (Moderna)
(# Cos: 619 | $13.5B)
Hepatitis (Finch Therapeutics)
(# Cos: 51 | $1.2B)
Finch Therapeutics
(2004, United States, $184M)
Eiger BioPharmaceuticals
(2008, United States, $8.9M)
Aligos Therapeutics
(2018, United States, $225M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Bluejay Thera.. (2021, United States)
$41.0M - Series B - Aug 2022
Shanghai Hepu Pharmac.. (2013, China)
$14.9M - Series A - Jul 2022
Kemi Biopharmaceutical (China)
$14.1M - Series A - Sep 2022
Shanghai Auson Pharma.. (2019, China)
Undisclosed - Series B - Aug 2022
Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Sustainability Tech - Top Business Models Report
Recent Funding Rounds
Electric 3 wheeler Cargo Manufacturers
40
48
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$69.3M ( -- )
4( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$169M
19
1
57
5
Electric Vehicles (Lime)
(# Cos: 10101 | $88.1B)
Automaker (Tesla)
(# Cos: 4609 | $63.6B)
Commercial Vehicles (Nikola Motor)
(# Cos: 622 | $6.8B)
Light Commercial Vehicles (Altigreen)
(# Cos: 412 | $2.6B)
Cargo Vehicles (Nuro)
(# Cos: 74 | $2.3B)
Three Wheelers (Euler Motors)
(# Cos: 57 | $169M)
Euler Motors
(2015, India, $92.7M)
Altigreen
(2013, India, $48.8M)
ONO
(2017, Germany, $10.2M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Euler Motors (2015, India)
$60.0M - Series C - Oct 2022
ONO (2017, Germany)
$6.3M - Series A - Dec 2022
Selex (2018, Vietnam)
$3.0M - Seed - Apr 2023
Gaius (2010, Taiwan)
Undisclosed - Seed - Jun 2022
Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Sustainability Tech - Top Business Models Report
Recent Funding Rounds
Internet First Farm Loans Marketplace
41
49
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$64.4M ( -- )
6( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$222M
33
-
69
6
Alternative Lending (SoFi)
(# Cos: 13023 | $97.4B)
Online Lenders (FarmRaise)
(# Cos: 77 | $235M)
Consumer Loans (Traive)
(# Cos: 69 | $222M)
Farm Loans (ProducePay)
(# Cos: 69 | $222M)
Marketplace (Jai Kisan)
(# Cos: 69 | $222M)
Jai Kisan
(2017, India, $85.6M)
ProducePay
(2014, United States, $66.5M)
Traive
(2017, United States, $30.9M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Jai Kisan (2017, India)
$50.0M - Series B - Jul 2022
Traive (2017, United States)
$10.0M - Series A - Oct 2022
HeavyFinance (2020, Lithuania)
$3.2M - Seed - Mar 2023
Agroforte (2019, Brazil)
$1.1M - Seed - Oct 2022
Agrosperity Tech Solu.. (2021, India)
$12.7K - Seed - Sep 2022
VetsArk (2018, Nigeria)
Undisclosed - Seed - May 2023
Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Sustainability Tech - Top Business Models Report
Recent Funding Rounds
Onto (2018, United Kingdom)
$60.0M - Series C - Jul 2022
Voltric (2019, United Kingdom)
Undisclosed - Seed - Oct 2022
Online Car Subscription Platform
42
50
Back to index
Auto E-Commerce & Content (Carvana)
(# Cos: 9983 | $39.2B)
Subscription (Canoo)
(# Cos: 58 | $353M)
Cars (Onto)
(# Cos: 28 | $277M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$60.0M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$277M
11
-
28
3
Onto
(2018, United Kingdom, $241M)
Canoo
(2017, United States, $10.0M)
Autonomy
(2020, United States)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Sustainability Tech - Top Business Models Report
Recent Funding Rounds
Odyssey Energ.. (2017, United States)
$15.0M - Series A - May 2023
$5.3M - Seed - Sep 2022
$7.2M - Seed - Jul 2022
QiO (2015, United Kingdom)
$10.0M - Series B - Feb 2023
SYSO Technolo.. (2019, United States)
$10.0M - Series A - Oct 2022
New Sun Road (2014, United States)
$5.9M - Series A - Jun 2023
VECKTA (2019, United States)
$3.3M - Seed - Jul 2022
View all 12 Funding Rounds on Tracxn Platform
Renewable Energy Asset Management
Software
43
51
Back to index
Renewable Energy Tech (SolarEdge)
(# Cos: 3084 | $23.2B)
Horizontal (Nel Hydrogen)
(# Cos: 674 | $4.9B)
Portfolio Management Software
(Odyssey Energy Solutions)
(# Cos: 168 | $851M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$58.1M (▼62.6%)
12(▲71.4%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
21
$851M
71
1
168
8
Odyssey Energy Solutions
(2017, United States, $27.6M)
Lancium
(2014, United States, $150M)
Power Factors
(1978, United States)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Sustainability Tech - Top Business Models Report
Recent Funding Rounds
eSmart Systems (2012, Norway)
$40.2M - Series B - Aug 2022
BluWave-ai (2017, Canada)
$9.5M - Series A - Dec 2022
DCbrain (2014, France)
$5.3M - Series A - Jun 2022
Probus (2017, India)
$3.0M - Series A - Mar 2023
Grid Analytics Software
44
52
Back to index
Smart Grid (Octopus Energy)
(# Cos: 2349 | $12.3B)
Grid Management (AiDash)
(# Cos: 444 | $1.7B)
Analytics (BluWave-ai)
(# Cos: 117 | $321M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$54.9M ( -- )
4( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
14
$321M
51
-
117
7
BluWave-ai
(2017, Canada, $17.8M)
eSmart Systems
(2012, Norway, $104M)
SpaceTime Insight
(2008, United States, $54.6M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Sustainability Tech - Top Business Models Report
Recent Funding Rounds
Menstrual Care
45
53
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$54.1M ( -- )
4( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$135M
7
-
14
2
Beauty & Personal Care Products (MyGlamm)
(# Cos: 18078 | $7.6B)
Personal Hygiene (Pee Buddy)
(# Cos: 16 | $135M)
Women (Soothe Healthcare)
(# Cos: 16 | $135M)
Menstrual Hygiene (Sirona)
(# Cos: 14 | $135M)
Sirona
(2014, India, $8.5M)
Soothe Healthcare
(2012, India, $123M)
Pee Buddy
(2014, India, $443K)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Soothe Healthcare (2012, India)
$21.1M - Series C - Oct 2022
$31.5M - Series C - Jul 2022
Blood (2003, Singapore)
$1.5M - Series A - May 2023
DAME (2015, Norway)
$1.2M - Seed - Oct 2022
Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Sustainability Tech - Top Business Models Report
Recent Funding Rounds
Sympower (2015, Estonia)
$3.1M - Series B - Nov 2022
$22.3M - Series B - Jul 2022
Recurve (2004, United States)
$18.0M - Series B - Aug 2022
Piclo (2013, United Kingdom)
$10.2M - Series B - Mar 2023
Grid Flexibility Marketplace
46
54
Back to index
Smart Grid (Octopus Energy)
(# Cos: 2349 | $12.3B)
Flexibility Services (Recurve)
(# Cos: 9 | $129M)
Marketplace (Sympower)
(# Cos: 5 | $107M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$53.5M ( -- )
4( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$107M
3
-
5
2
Sympower
(2015, Estonia, $36.1M)
Recurve
(2004, United States, $51.0M)
Piclo
(2013, United Kingdom, $19.9M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Sustainability Tech - Top Business Models Report
Recent Funding Rounds
BillionToOne (2015, United States)
$48.5M - Series C - Dec 2022
Pictor (2005, New Zealand)
$5.0M - Series A - Dec 2022
Prenatal Diagnostic Tests
47
55
Back to index
Women Health (Hologic)
(# Cos: 840 | $8.4B)
In Vitro Diagnostic Tests (Progenity)
(# Cos: 145 | $1.7B)
Prenatal (Natera)
(# Cos: 47 | $956M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$53.5M (▼59.4%)
2(▼50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
12
$956M
28
5
47
2
Natera
(2004, United States, $152M)
Progenity
(2011, United States, $217M)
BillionToOne
(2015, United States, $280M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Sustainability Tech - Top Business Models Report
Recent Funding Rounds
Commercial BEMS
48
56
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$50.3M (▼72.6%)
8( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
32
$651M
145
6
578
11
Energy Efficiency Tech (Octopus Energy)
(# Cos: 6858 | $24.5B)
Energy Monitoring System (Sense)
(# Cos: 1108 | $1.4B)
Building Monitoring (Deepki)
(# Cos: 943 | $978M)
Commercial (AppFolio)
(# Cos: 578 | $651M)
AppFolio
(2006, United States, $30.0M)
Deepki
(2014, United Kingdom, $177M)
Dude Solutions
(1999, United States, $100M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Therma (2019, United States)
$19.0M - Series A - Feb 2023
Gridium (2011, United States)
$14.0M - Series B - Feb 2023
Audette (2018, Canada)
$9.5M - Seed - Nov 2022
Vutility (2016, United States)
$2.7M - Series A - Aug 2022
Beacon Power Services (2010, Nigeria)
$2.7M - Seed - Aug 2022
Ampotech (2015, Singapore)
$1.3M - Seed - Feb 2023
Building Inte.. (2006, United States)
$1.0M - Series A - Oct 2022
View all 8 Funding Rounds on Tracxn Platform
Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Sustainability Tech - Top Business Models Report
Recent Funding Rounds
Mauto (2019, India)
$50.0M - Series C - Nov 2022
Electric Rickshaw Ride Hailing
49
57
Back to index
Electric Vehicles (TIER)
(# Cos: 10101 | $88.1B)
Vehicle as a Service (Lime)
(# Cos: 1299 | $7.6B)
Three Wheelers (Oye Rickshaw)
(# Cos: 34 | $89.5M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$50.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$89.5M
16
-
34
3
Oye Rickshaw
(2017, India, $17.1M)
SmartE
(2015, India, $21.7M)
Metro Ride
(2019, India, $334K)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Sustainability Tech - Top Business Models Report Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
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Sustainability Tech - Top Business Models Report
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Tracxn - Top Business Models in Sustainability Tech - 23 Jun 2023

  • 1. TRACXN TOP BUSINESS MODELS REPORT June 23, 2023 SUSTAINABILITY TECH
  • 2. Sustainability Tech - Top Business Models Report Copyright © 2023, Tracxn Technologies Limited. All rights reserved. Contents Sustainability Tech Funding Overview 3 Top Funded Business Models 4 One Pagers 9 Appendix 59 2
  • 3. Sustainability Tech - Top Business Models Report Copyright © 2023, Tracxn Technologies Limited. All rights reserved. Sustainability Tech - Funding in last 1 year 3 Green Transport $8.9B Renewable Energy Tech $3.7B Air Pollution Management Tech $3.4B Circular Economy $3.1B Energy Efficiency Tech $2.2B Solid Waste Management Tech $1.9B Y-o-Y Funding Top Investors by Funding Rounds Seed Stage Y Combinator Antler Techstars 13 11 9 Early Stage Lowercarbon Capital MCJ Collective Breakthrough Energy 15 10 9 Late Stage Temasek S2G Ventures CPP Investments 7 6 5 Funding by Geography Top Feeds by $ Funding Top Funding Rounds United States (44%) India (9%) United Kingdom (8%) China (7%) France (6%) Sweden (5%) Germany (4%) Others (17%) $ Funding # Rounds Northvolt (2016, Sweden) $1.1B - Series C VOYAH (2019, China) $637M - Series A Octopus Energy (2015, United Kingdom) $550M - Series F Clean Capital (2015, United States) $500M - Series B LanzaTech (2005, United States) $500M - Series F Form Energy (2009, United States) $450M - Series E Electrify America (2016, United States) $450M - Series C Levdeo (2008, China) $447M - Series A Xpansiv (2016, United States) $400M - Series D Serentica Renewables (2022, India) $400M - Series D Delos (2009, United States) $356M - Series D Zipline (2014, United States) $330M - Series F
  • 4. Copyright © 2023, Tracxn Technologies Limited. All rights reserved. Sustainability Tech - Top Business Models Report Top Funded Business Models - last 1 year (1/5) 4 Rank Business Model $ Funding # Rounds Top Funding Round Details 1▲4 EV Charging Network Operators $1.8B 26 Electrify Ame.. | $450M | Series C Link 2▼1 Electric Car Manufacturers $1.1B 12 VOYAH | $637M | Series A Link 3▲28 Carbon Credit Trading Platform $767M 51 Xpansiv | $400M | Series D Link 4▲14 Antibiotics $657M 24 Everest Medic.. | $280M | Series D Link 5▲3 Green Utilities $639M 5 Octopus Energy | $550M | Series F Link 6▲19 Fuel From Waste $630M 10 LanzaTech | $500M | Series F Link 7<> 0 Electric Scooter Manufacturers $620M 25 Ola Electric | $300M | Series D Link 8▲1 Utility Bill Management Software $573M 5 Octopus Energy | $550M | Series F Link 9-- Solar Energy Investment Platform $510M 6 Clean Capital | $500M | Series B Link 10▲12 Plug In Electric Vehicle Chargers $428M 29 Span.IO | $96.5M | Series B Link * Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.
  • 5. Copyright © 2023, Tracxn Technologies Limited. All rights reserved. Sustainability Tech - Top Business Models Report Top Funded Business Models - last 1 year (2/5) 5 Rank Business Model $ Funding # Rounds Top Funding Round Details 11-- Methane Pyrolysis $352M 4 Monolith | $300M | Series D Link 12<> 0 Carbon Sequestration By Adsorption $333M 3 Svante | $318M | Series E Link 13▼2 Electric Vehicle Rentals $326M 2 Lime | $310M | Series D Link 14▼10 Automotive Batteries Manufacturers $325M 9 One AI | $300M | Series B Link 15▼5 Lithium Battery Recycling $305M 6 Ascend Elements | $200M | Series C Link 16-- Electric Four Wheeler Li-Ion Battery $300M 1 One AI | $300M | Series B Link 17▼11 Electrical Aircraft $296M 21 ZeroAvia | $80.2M | Series C Link 18▼15 eVTOL Manufacturers $250M 5 Volocopter | $182M | Series E Link 19-- Drugs for Ovarian Cancer $221M 1 ArsenalBio | $221M | Series B Link 20▼3 Diagnostic Tests for Infections $213M 9 Molbio Diagn.. | $85.0M | Series C Link * Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.
  • 6. Copyright © 2023, Tracxn Technologies Limited. All rights reserved. Sustainability Tech - Top Business Models Report Top Funded Business Models - last 1 year (3/5) 6 Rank Business Model $ Funding # Rounds Top Funding Round Details 21▲22 Charging Station Management Software $208M 19 Virta | $71.9M | Series D Link 22▼1 Enzyme based Carbon Sequestration $200M 1 Solugen | $200M | Series D Link 23▲4 Microfinance Providers $196M 7 Arohan | $89.2M | Series C Link 24▲9 Electric Motorcycle Manufacturers $195M 17 Zero Motorcyc.. | $107M | Series G Link 25-- Affordable Housing Developers $171M 6 Clanmil Housing | $111M | Series D Link 26▲3 Commercial Energy Management Systems $161M 21 Infogrid | $90.0M | Series B Link 27-- Electric Rickshaw Manufacturers $152M 4 TI Clean Mobi.. | $145M | Series D Link 28-- Waste Sorting Robots $137M 5 AMP Robotics | $91.2M | Series C Link 29▼3 Utility Data Management $129M 1 Arcadia | $129M | Series D Link 30▲19 Solar Products ECommerce $127M 1 Waaree | $127M | Series C Link * Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.
  • 7. Copyright © 2023, Tracxn Technologies Limited. All rights reserved. Sustainability Tech - Top Business Models Report Top Funded Business Models - last 1 year (4/5) 7 Rank Business Model $ Funding # Rounds Top Funding Round Details 31-- Weather Forecasting Systems $123M 5 Tomorrow.io | $87.0M | Series E Link 32▼8 Electric Truck Manufacturers $97.3M 7 Einride | $200M | Series C Link 33-- Employee Family Benefits Management $90.0M 1 Maven | $90.0M | Series E Link 34-- Drugs for Reproductive Disorders $88.5M 9 Comanche | $36.1M | Series C Link 35-- Electric Dumper Manufacturers $84.7M 2 Boreton Tech.. | $84.7M | Series C Link 36-- Electric Bicycle Rentals $83.0M 4 Yulu | $83.0M | Series B Link 37-- Electric Commercial Vehicle Manufacturers $70.8M 4 Quantron | $50.4M | Series A Link 38-- eCar Ride Hailing Platforms $70.3M 5 BluSmart | $37.0M | Series B Link 39-- Anti-Hepatitis Drugs $70.1M 4 Bluejay Ther.. | $41.0M | Series B Link 40-- Electric 3 wheeler Cargo Manufacturers $69.3M 4 Euler Motors | $60.0M | Series C Link * Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.
  • 8. Copyright © 2023, Tracxn Technologies Limited. All rights reserved. Sustainability Tech - Top Business Models Report Top Funded Business Models - last 1 year (5/5) 8 Rank Business Model $ Funding # Rounds Top Funding Round Details 41-- Internet First Farm Loans Marketplace $64.4M 6 Jai Kisan | $50.0M | Series B Link 42-- Online Car Subscription Platform $60.0M 2 Onto | $60.0M | Series C Link 43▼1 Renewable Energy Asset Management Software $58.1M 12 Odyssey Ener.. | $15.0M | Series A Link 44-- Grid Analytics Software $54.9M 4 eSmart Systems | $40.2M | Series B Link 45-- Menstrual Care $54.1M 4 Soothe Healt.. | $31.5M | Series C Link 46-- Grid Flexibility Marketplace $53.5M 4 Sympower | $22.3M | Series B Link 47▲1 Prenatal Diagnostic Tests $53.5M 2 BillionToOne | $48.5M | Series C Link 48▼12 Commercial BEMS $50.3M 8 Therma | $19.0M | Series A Link 49-- Electric Rickshaw Ride Hailing $50.0M 1 Mauto | $50.0M | Series C Link * Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.
  • 9. Copyright © 2023, Tracxn Technologies Limited. All rights reserved. Sustainability Tech - Top Business Models Report Recent Funding Rounds EV Charging Network Operators 01 9 Back to index Taxonomy $ Invested in last 1 year Key Stats # Funding Rounds in last 1 year $1.8B (▲31.7%) 26(▼33.3%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 31 $4.1B 148 6 578 24 Electric Vehicles (Lime) (# Cos: 10101 | $88.1B) Charging Solutions (Magenta) (# Cos: 1941 | $7.8B) Station Network (Volta) (# Cos: 882 | $5.1B) Charging (EV Connect) (# Cos: 836 | $4.7B) Operators (ChargePoint) (# Cos: 578 | $4.1B) ChargePoint (2007, United States, $530M) Volta (2010, United States, $90.8M) Magenta (2017, India, $56.2M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Electrify Ame.. (2016, United States) $450M - Series C - Jun 2022 DRIVECO (2010, France) $274M - PE - May 2023 Zeplug (2014, France) $240M - Series C - Sep 2022 Electra (2021, France) $168M - Series A - Jun 2022 Jolt Energy (2018, Germany) $166M - Series D - May 2023 Be.EV (2019, United Kingdom) $127M - Series D - Oct 2022 Zunder (2018, Spain) $97.1M - Series D - Oct 2022 View all 26 Funding Rounds on Tracxn Platform
  • 10. Copyright © 2023, Tracxn Technologies Limited. All rights reserved. Sustainability Tech - Top Business Models Report Recent Funding Rounds VOYAH (2019, China) $637M - Series A - Nov 2022 Levdeo (2008, China) $447M - Series A - Nov 2022 Lightyear (2016, Netherlands) $8.6M - Series B - Feb 2023 $81.0M - Series B - Sep 2022 Kate (2022, France) $7.6M - Seed - Apr 2023 Aptera Motors (2005, United States) $3.1M - Series C - Feb 2023 $709K - Series B - Sep 2022 View all 12 Funding Rounds on Tracxn Platform Electric Car Manufacturers 02 10 Back to index Electric Vehicles (Lime) (# Cos: 10101 | $88.1B) Automaker (Ather Energy) (# Cos: 4609 | $63.6B) Cars (Tesla) (# Cos: 333 | $34.3B) Taxonomy $ Invested in last 1 year Key Stats # Funding Rounds in last 1 year $1.1B (▼60.6%) 12(▼33.3%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 6 $34.3B 93 13 333 23 Tesla (2003, United States, $404M) Xiaopeng (2014, China, $2.6B) Rimac Automobili (2009, Croatia, $885M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
  • 11. Copyright © 2023, Tracxn Technologies Limited. All rights reserved. Sustainability Tech - Top Business Models Report Recent Funding Rounds Xpansiv (2016, United States) $125M - Series D - Jan 2023 $400M - Series D - Jul 2022 AirCarbon (2019, Singapore) $50.0M - Series B - Nov 2022 Carbonext (2010, Brazil) $40.0M - Series B - Jul 2022 SINAI (2017, United States) $22.0M - Series A - Sep 2022 Cloverly (1999, United States) $19.0M - Series A - May 2023 CHOOOSE (2017, Norway) $15.0M - Series A - Jul 2022 View all 51 Funding Rounds on Tracxn Platform Carbon Credit Trading Platform 03 11 Back to index Air Pollution Management Tech (iRobot) (# Cos: 2228 | $11.3B) Carbon Management (Watershed) (# Cos: 1119 | $8.7B) Carbon Offset Trading Platforms (Xpansiv) (# Cos: 399 | $1.5B) Taxonomy $ Invested in last 1 year Key Stats # Funding Rounds in last 1 year $767M (▲193%) 51(▲41.7%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 8 $1.5B 139 - 399 16 Xpansiv (2016, United States, $675M) BeZero Carbon (2020, United Kingdom, $77.2M) Nori (2017, United States, $18.6M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
  • 12. Copyright © 2023, Tracxn Technologies Limited. All rights reserved. Sustainability Tech - Top Business Models Report Recent Funding Rounds Everest Medic.. (2017, United States) $280M - Series D - Mar 2023 Vedanta Biosc.. (2010, United States) $107M - Series E - Apr 2023 ILiAD Biotech.. (2012, United States) $42.8M - Series D - Sep 2022 Prokarium (2012, United Kingdom) $30.0M - Series C - Feb 2023 Adaptive Phag.. (2016, United States) $30.0M - Series B - Jun 2023 Pattern Biosc.. (2016, United States) $28.7M - Series C - Apr 2023 Micreos (2005, Netherlands) $24.6M - Series D - Oct 2022 View all 24 Funding Rounds on Tracxn Platform Antibiotics 04 12 Back to index Infectious Diseases (Adaptive Biotechnologies) (# Cos: 2280 | $31.6B) Drugs (Moderna) (# Cos: 1275 | $26.5B) Bacterial (Spero Therapeutics) (# Cos: 361 | $6.2B) Taxonomy $ Invested in last 1 year Key Stats # Funding Rounds in last 1 year $657M (▲70%) 24(▲20%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 41 $6.2B 267 39 361 32 Spero Therapeutics (2013, United States, $115M) Locus Biosciences (2015, United States, $67.3M) Bioversys (2008, Switzerland, $62.5M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
  • 13. Copyright © 2023, Tracxn Technologies Limited. All rights reserved. Sustainability Tech - Top Business Models Report Recent Funding Rounds Green Utilities 05 13 Back to index Smart Grid (OVO Energy) (# Cos: 2349 | $12.3B) Green Utilities (Octopus Energy) (# Cos: 16 | $2.5B) Taxonomy $ Invested in last 1 year Key Stats # Funding Rounds in last 1 year $639M (▼33.8%) 5(▲25%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 4 $2.5B 10 - 16 2 Octopus Energy (2015, United Kingdom, $2.0B) OVO Energy (2009, United Kingdom, $258M) Bulb (2014, United Kingdom, $91.5M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Octopus Energy (2015, United Kingdom) Undisclosed - Series F - Sep 2022 $550M - Series F - Jul 2022 Tesseract (2022, United Kingdom) $78.0M - Series A - Sep 2022 Ostrom (2020, Germany) $9.8M - Series A - Dec 2022 Sunne (2017, Brazil) $1.1M - Seed - Apr 2023
  • 14. Copyright © 2023, Tracxn Technologies Limited. All rights reserved. Sustainability Tech - Top Business Models Report Recent Funding Rounds LanzaTech (2005, United States) $500M - Series F - Nov 2022 Charm Industr.. (2018, United States) $100M - Series B - Jun 2023 WasteFuel (2019, United States) $12.7M - Series A - Feb 2023 Sistema (2009, Kenya) $10.0M - Series B - Oct 2022 Cetogenix (2022, New Zealand) $4.5M - Seed - Jul 2022 Kvasir Technologies (2018, Denmark) $2.4M - Seed - Apr 2023 WtE-As (2017, Spain) Undisclosed - Series A - Dec 2022 View all 10 Funding Rounds on Tracxn Platform Fuel From Waste 06 14 Back to index Solid Waste Management Tech (Olio) (# Cos: 1819 | $9.7B) Waste-To-Energy (Crusoe Energy) (# Cos: 191 | $4.2B) Fuel (LanzaTech) (# Cos: 115 | $2.9B) Taxonomy $ Invested in last 1 year Key Stats # Funding Rounds in last 1 year $630M (▲109%) 10(▲66.7%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 4 $2.9B 65 3 115 12 LanzaTech (2005, United States, $869M) Enerkem (2000, Canada, $859M) Charm Industrial (2018, United States, $100M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
  • 15. Copyright © 2023, Tracxn Technologies Limited. All rights reserved. Sustainability Tech - Top Business Models Report Recent Funding Rounds Electric Scooter Manufacturers 07 15 Back to index Taxonomy $ Invested in last 1 year Key Stats # Funding Rounds in last 1 year $620M (▼36.5%) 25(▼10.7%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 11 $3.1B 86 6 424 19 Electric Vehicles (Lime) (# Cos: 10101 | $88.1B) Automaker (Tesla) (# Cos: 4609 | $63.6B) Two Wheelers (Ola Electric) (# Cos: 963 | $4.1B) Scooters (Ather Energy) (# Cos: 424 | $3.1B) Ather Energy (2013, India, $336M) Ola Electric (2017, India, $1.2B) Hero Electric (2007, India, $72.3M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Ola Electric (2017, India) $300M - Series D - May 2023 One Moto (2018, United Arab Emirates) $150M - Series D - Jan 2023 Ather Energy (2013, India) $50.0M - Series E - Oct 2022 Ray Electric Motors (2019, Spain) $21.0M - Series A - Dec 2022 Simple Energy (2019, India) $20.0M - Series A - Feb 2023 Bounce Infinity (2021, India) $20.0M - Series B - Jan 2023 River (2020, India) $15.0M - Series B - Jun 2023 View all 25 Funding Rounds on Tracxn Platform
  • 16. Copyright © 2023, Tracxn Technologies Limited. All rights reserved. Sustainability Tech - Top Business Models Report Recent Funding Rounds Utility Bill Management Software 08 16 Back to index Energy Efficiency Tech (AppFolio) (# Cos: 6858 | $24.5B) Utility Bill Management (Octopus Energy) (# Cos: 29 | $2.1B) Taxonomy $ Invested in last 1 year Key Stats # Funding Rounds in last 1 year $573M (▼40%) 5(▲150%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 2 $2.1B 14 - 29 3 Octopus Energy (2015, United Kingdom, $2.0B) Amberflo (2020, United States, $20.0M) One Utility Bill (2014, United Kingdom, $6.1M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Octopus Energy (2015, United Kingdom) Undisclosed - Series F - Sep 2022 $550M - Series F - Jul 2022 Amberflo (2020, United States) $15.0M - Series A - Jan 2023 Bia (2022, Colombia) $6.0M - Seed - Jul 2022 Zero Friction (2018, Belgium) $2.3M - Seed - Sep 2022
  • 17. Copyright © 2023, Tracxn Technologies Limited. All rights reserved. Sustainability Tech - Top Business Models Report Recent Funding Rounds Clean Capital (2015, United States) $500M - Series B - Jun 2023 Sunrock (2021, United States) $10.0M - Series A - Jun 2023 GoParity (2016, Portugal) $2.2M - Seed - Jan 2023 $1.6M - Seed - Jul 2022 Raise Green (2011, United States) $1.0M - Seed - Jun 2023 $1.2M - Seed - Oct 2022 Solar Energy Investment Platform 09 17 Back to index Renewable Energy Tech (First Solar) (# Cos: 3084 | $23.2B) Solar Energy (SolarEdge) (# Cos: 1551 | $12.9B) Investment Platform (Clean Capital) (# Cos: 47 | $655M) Taxonomy $ Invested in last 1 year Key Stats # Funding Rounds in last 1 year $510M ( -- ) 6( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 1 $655M 20 - 47 3 Clean Capital (2015, United States, $504M) Raise Green (2011, United States, $2.2M) GoParity (2016, Portugal, $4.0M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
  • 18. Copyright © 2023, Tracxn Technologies Limited. All rights reserved. Sustainability Tech - Top Business Models Report Recent Funding Rounds Span.IO (2014, United States) $96.5M - Series B - Mar 2023 EO Charging (2014, United Kingdom) $80.0M - Series B - Feb 2023 RAW Charging (2018, United Kingdom) $60.1M - Series D - Jul 2022 Mobility House (2009, Germany) $50.0M - Series C - Nov 2022 FIMER (1942, Italy) $43.3M - Series C - Sep 2022 SparkCharge (2014, United States) $29.0M - Series B - Dec 2022 Indra (2011, United Kingdom) $23.9M - Series B - Mar 2023 View all 29 Funding Rounds on Tracxn Platform Plug In Electric Vehicle Chargers 10 18 Back to index Electric Vehicles (Lime) (# Cos: 10101 | $88.1B) Charging Solutions (ChargePoint) (# Cos: 1941 | $7.8B) Plug in Charging (FreeWire) (# Cos: 729 | $1.7B) Taxonomy $ Invested in last 1 year Key Stats # Funding Rounds in last 1 year $428M (▲31.1%) 29(▲3.6%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 53 $1.7B 192 6 729 22 FreeWire (2014, United States, $228M) Span.IO (2014, United States, $231M) POD Point (2009, United Kingdom, $58.4M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
  • 19. Copyright © 2023, Tracxn Technologies Limited. All rights reserved. Sustainability Tech - Top Business Models Report Recent Funding Rounds Methane Pyrolysis 11 19 Back to index Taxonomy $ Invested in last 1 year Key Stats # Funding Rounds in last 1 year $352M ( -- ) 4( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $452M 7 - 8 3 Energy Storage Tech (ChargePoint) (# Cos: 5553 | $44.6B) Hydrogen (Nel Hydrogen) (# Cos: 365 | $3.5B) Hydrogen Generation (Sunfire) (# Cos: 205 | $2.6B) Methane Pyrolysis (HiiROC) (# Cos: 8 | $452M) HiiROC (2019, United Kingdom, $34.6M) Monolith (2012, United States, $300M) Ekona (2017, Canada, $69.9M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Monolith (2012, United States) $300M - Series D - Jul 2022 Modern Hydrogen (2015, United States) $32.8M - Series B - May 2023 Levidian (2012, United Kingdom) $13.5M - Series B - Oct 2022 Ekona (2017, Canada) $5.5M - Series A - Aug 2022
  • 20. Copyright © 2023, Tracxn Technologies Limited. All rights reserved. Sustainability Tech - Top Business Models Report Recent Funding Rounds Carbon Sequestration By Adsorption 12 20 Back to index Taxonomy $ Invested in last 1 year Key Stats # Funding Rounds in last 1 year $333M (▼56%) 3(▼62.5%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $1.4B 22 - 29 4 Air Pollution Management Tech (iRobot) (# Cos: 2228 | $11.3B) Carbon Management (Watershed) (# Cos: 1119 | $8.7B) Carbon Capture (LanzaTech) (# Cos: 270 | $6.1B) Carbon Sequestration (Solugen) (# Cos: 48 | $2.1B) Adsorption (Climeworks) (# Cos: 29 | $1.4B) Climeworks (2009, Switzerland, $762M) Svante (2007, Canada, $493M) Heirloom (2020, United States, $53.0M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Svante (2007, Canada) $15.0M - Series E - Mar 2023 $318M - Series E - Dec 2022 ION Engineering (2008, United States) Undisclosed - Series A - Mar 2023
  • 21. Copyright © 2023, Tracxn Technologies Limited. All rights reserved. Sustainability Tech - Top Business Models Report Recent Funding Rounds Electric Vehicle Rentals 13 21 Back to index Taxonomy $ Invested in last 1 year Key Stats # Funding Rounds in last 1 year $326M (▼57.2%) 2(▼66.7%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 3 $2.7B 16 1 40 7 Electric Vehicles (ChargePoint) (# Cos: 10101 | $88.1B) Vehicle as a Service (Yulu) (# Cos: 1299 | $7.6B) Multi Category Vehicles (TIER) (# Cos: 133 | $2.8B) Free Float (Lime) (# Cos: 40 | $2.7B) Lime (2017, United States, $1.8B) TIER (2018, Germany, $660M) Helbiz (2016, United States, $8.0M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Lime (2017, United States) $310M - Series D - Jul 2022 Xingxing Mobility (2019, South Korea) $15.6M - Series B - Dec 2022
  • 22. Copyright © 2023, Tracxn Technologies Limited. All rights reserved. Sustainability Tech - Top Business Models Report Recent Funding Rounds One AI (2016, United States) $300M - Series B - Feb 2023 Verkor (2020, France) $248M - Series C - Nov 2022 $61.2M - Series B - Jul 2022 Log9 Materials (2015, India) $11.2M - Series B - Jan 2023 $40.0M - Series B - Jan 2023 $20.9M - Series B - Aug 2022 Exponent Energy (2020, India) $13.0M - Series A - Aug 2022 View all 9 Funding Rounds on Tracxn Platform Automotive Batteries Manufacturers 14 22 Back to index Auto Components (Cooper Standard) (# Cos: 11173 | $12.3B) Electrical and Electronic System (QuantumScape) (# Cos: 50 | $3.8B) Battery (Log9 Materials) (# Cos: 44 | $3.8B) Taxonomy $ Invested in last 1 year Key Stats # Funding Rounds in last 1 year $325M (▼77.1%) 9(▼40%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 1 $3.8B 21 3 44 7 Log9 Materials (2015, India, $89.2M) QuantumScape (2010, United States, $1.0B) StoreDot (2012, Israel, $226M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
  • 23. Copyright © 2023, Tracxn Technologies Limited. All rights reserved. Sustainability Tech - Top Business Models Report Recent Funding Rounds Lithium Battery Recycling 15 23 Back to index Taxonomy $ Invested in last 1 year Key Stats # Funding Rounds in last 1 year $305M (▼60.9%) 6(▼40%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 1 $1.1B 18 2 22 4 Solid Waste Management Tech (Crusoe Energy) (# Cos: 1819 | $9.7B) Recycling (AMP Robotics) (# Cos: 586 | $3.8B) Tech Enabled Recyclers (Ecovative) (# Cos: 134 | $1.9B) Lithium (Redwood Materials) (# Cos: 22 | $1.1B) Redwood Materials (2017, United States, $792M) Ascend Elements (2015, United States, $301M) Lithion Recycling (2018, Canada, $15.0M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Ascend Elements (2015, United States) $200M - Series C - Oct 2022 $101M - Series C - Aug 2022 tozero (2022, Germany) $3.5M - Seed - Sep 2022 Lithion Recycling (2018, Canada) Undisclosed - Series A - Sep 2022 Undisclosed - Series B - Jul 2022 Metastable Materials (2021, India) Undisclosed - Seed - Apr 2023
  • 24. Copyright © 2023, Tracxn Technologies Limited. All rights reserved. Sustainability Tech - Top Business Models Report Recent Funding Rounds Electric Four Wheeler Li-Ion Battery 16 24 Back to index Taxonomy $ Invested in last 1 year Key Stats # Funding Rounds in last 1 year $300M ( -- ) 1( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 6 $1.7B 16 6 59 3 Electric Vehicles (Lime) (# Cos: 10101 | $88.1B) Components (KPIT Technologies) (# Cos: 754 | $8.2B) Batteries (Log9 Materials) (# Cos: 277 | $6.3B) Four Wheelers (One AI) (# Cos: 91 | $1.7B) Diversified (Microvast) (# Cos: 73 | $1.7B) Lithium-Ion (A123 Systems) (# Cos: 59 | $1.7B) A123 Systems (2001, China, $201M) Microvast (2006, United States, $430M) One AI (2016, United States, $390M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. One AI (2016, United States) $300M - Series B - Feb 2023
  • 25. Copyright © 2023, Tracxn Technologies Limited. All rights reserved. Sustainability Tech - Top Business Models Report Recent Funding Rounds Electrical Aircraft 17 25 Back to index Aerospace Tech (Lilium) (# Cos: 770 | $5.3B) Electric Aircraft (Joby Aviation) (# Cos: 239 | $3.3B) Taxonomy $ Invested in last 1 year Key Stats # Funding Rounds in last 1 year $296M (▼71.2%) 21(▲10.5%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 12 $3.3B 83 5 239 15 Joby Aviation (2009, United States, $690M) Lilium (2015, Germany, $375M) Elroy Air (2016, United States, $60.6M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. ZeroAvia (2017, United States) $80.2M - Series C - Oct 2022 $30.0M - Series B - Jul 2022 SkyDrive (2018, Japan) $66.6M - Series C - Sep 2022 Bee Flights (2022, India) $36.3M - Series C - Dec 2022 VoltAero (2018, France) $31.7M - Series B - Nov 2022 TCab Tech (2021) $14.7M - Seed - Feb 2023 Bye Aerospace (2007, United States) $14.0M - Series C - Nov 2022 View all 21 Funding Rounds on Tracxn Platform
  • 26. Copyright © 2023, Tracxn Technologies Limited. All rights reserved. Sustainability Tech - Top Business Models Report Recent Funding Rounds eVTOL Manufacturers 18 26 Back to index Taxonomy $ Invested in last 1 year Key Stats # Funding Rounds in last 1 year $250M (▼84.5%) 5(▼37.5%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 4 $4.1B 47 5 71 8 Electric Vehicles (Lime) (# Cos: 10101 | $88.1B) Automaker (Tesla) (# Cos: 4609 | $63.6B) Aerial (Lilium) (# Cos: 197 | $4.5B) Vertical Take-Off And Landing (Joby Aviation) (# Cos: 71 | $4.1B) Joby Aviation (2009, United States, $690M) Lilium (2015, Germany, $375M) Volocopter (2011, Germany, $725M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Volocopter (2011, Germany) $182M - Series E - Nov 2022 SkyDrive (2018, Japan) $66.6M - Series C - Sep 2022 HopFlyt (2016, United States) $1.5M - Seed - Nov 2022 BETA (2012, United States) Undisclosed - Series B - Jun 2022 Dufour Aerospace (2017, Switzerland) Undisclosed - Series B - Jan 2023
  • 27. Copyright © 2023, Tracxn Technologies Limited. All rights reserved. Sustainability Tech - Top Business Models Report Recent Funding Rounds Drugs for Ovarian Cancer 19 27 Back to index Taxonomy $ Invested in last 1 year Key Stats # Funding Rounds in last 1 year $221M ( -- ) 1( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $306M 3 1 4 1 Women Health (Hologic) (# Cos: 840 | $8.4B) Drugs (BioNTech) (# Cos: 139 | $2.8B) Cancer (Atossa Therapeutics) (# Cos: 15 | $381M) Ovarian Cancer (ArsenalBio) (# Cos: 4 | $306M) ArsenalBio (2019, United States, $306M) Nuvectis Pharma (2020, United States) KeViRx (2017, United States) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. ArsenalBio (2019, United States) $221M - Series B - Sep 2022
  • 28. Copyright © 2023, Tracxn Technologies Limited. All rights reserved. Sustainability Tech - Top Business Models Report Recent Funding Rounds Molbio Diagnostics (2010, India) $85.0M - Series C - Sep 2022 Visby Medical (2010, United States) $35.0M - Series E - Jun 2022 SpeeDx (2009, Australia) $26.0M - Series C - Feb 2023 DeepUll (2020, Spain) $18.0M - Series B - Mar 2023 $13.5M - Series B - Oct 2022 Zhuhai Meihua Medical.. (2010, China) $14.3M - Series B - Dec 2022 Biofire Diagn.. (1990, United States) $14.0M - Series A - Nov 2022 View all 9 Funding Rounds on Tracxn Platform Diagnostic Tests for Infections 20 28 Back to index Infectious Diseases (Moderna) (# Cos: 2280 | $31.6B) In Vitro Diagnostic Tests (Inflammatix) (# Cos: 819 | $4.7B) Diversified (Visby Medical) (# Cos: 406 | $3.5B) Taxonomy $ Invested in last 1 year Key Stats # Funding Rounds in last 1 year $213M (▼47%) 9(▼47.1%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 49 $3.5B 219 25 406 21 Visby Medical (2010, United States, $331M) Inflammatix (2016, United States, $135M) Karius (2014, United States, $254M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
  • 29. Copyright © 2023, Tracxn Technologies Limited. All rights reserved. Sustainability Tech - Top Business Models Report Recent Funding Rounds Charging Station Management Software 21 29 Back to index Taxonomy $ Invested in last 1 year Key Stats # Funding Rounds in last 1 year $208M (▲36.4%) 19(▼29.6%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 13 $571M 85 - 242 17 Electric Vehicles (Lime) (# Cos: 10101 | $88.1B) Charging Solutions (Magenta) (# Cos: 1941 | $7.8B) Station Network (Volta) (# Cos: 882 | $5.1B) Charging (ChargePoint) (# Cos: 836 | $4.7B) Station Management IT (EV Connect) (# Cos: 242 | $571M) EV Connect (2009, United States, $49.9M) SWTCH (2018, Canada, $10.8M) Weave Grid (2018, United States, $50.0M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Virta (2013, Finland) $71.9M - Series D - Apr 2023 Xeal (2019, United States) $40.0M - Series B - Nov 2022 Weave Grid (2018, United States) $35.0M - Series B - Nov 2022 Monta (2020, Denmark) $30.3M - Series A - Sep 2022 AMPECO (2018, Bulgaria) $13.0M - Series A - Jan 2023 ChargeLab (2019, Canada) $10.0M - Series A - Apr 2023 EcoG (2017, Germany) $6.4M - Series A - Dec 2022 View all 19 Funding Rounds on Tracxn Platform
  • 30. Copyright © 2023, Tracxn Technologies Limited. All rights reserved. Sustainability Tech - Top Business Models Report Recent Funding Rounds Enzyme based Carbon Sequestration 22 30 Back to index Taxonomy $ Invested in last 1 year Key Stats # Funding Rounds in last 1 year $200M (▼44%) 1( <> 0% ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $637M 3 1 3 1 Air Pollution Management Tech (iRobot) (# Cos: 2228 | $11.3B) Carbon Management (Watershed) (# Cos: 1119 | $8.7B) Carbon Capture (LanzaTech) (# Cos: 270 | $6.1B) Carbon Sequestration (Climeworks) (# Cos: 48 | $2.1B) BioTech (Living Carbon) (# Cos: 7 | $677M) Enzymes (Solugen) (# Cos: 3 | $637M) Solugen (2016, United States, $637M) CO2 Solutions (1997, Canada) Arrhenius Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Solugen (2016, United States) $200M - Series D - Nov 2022
  • 31. Copyright © 2023, Tracxn Technologies Limited. All rights reserved. Sustainability Tech - Top Business Models Report Recent Funding Rounds Microfinance Providers 23 31 Back to index Microfinance (Fusion Microfinance) (# Cos: 713 | $3.9B) Microcredit (Fincare Small Finance Bank) (# Cos: 701 | $3.8B) Taxonomy $ Invested in last 1 year Key Stats # Funding Rounds in last 1 year $196M (▼33.2%) 7(▼50%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 29 $3.8B 177 13 701 10 Fincare Small Finance .. (2007, India, $195M) Fusion Microfinance (2010, India, $202M) Muthoot Microfin (2010, India, $108M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Arohan (2006, India) $89.2M - Series C - Mar 2023 Gojo (2014, Japan) $48.0M - Series E - Nov 2022 Light Microfinance (2009, India) $24.6M - Series B - Sep 2022 Avanti (2016, India) $24.0M - Series B - Apr 2023 Muthoot Microfin (2010, India) $10.0M - Series B - Sep 2022 Djoin (2020, Indonesia) $1.0M - Seed - Jul 2022 Centre Financier au.. (2015, Tunisia) Undisclosed - Seed - Jun 2022
  • 32. Copyright © 2023, Tracxn Technologies Limited. All rights reserved. Sustainability Tech - Top Business Models Report Recent Funding Rounds Electric Motorcycle Manufacturers 24 32 Back to index Taxonomy $ Invested in last 1 year Key Stats # Funding Rounds in last 1 year $195M (▼16.6%) 17(▼29.2%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 2 $864M 72 2 233 10 Electric Vehicles (Lime) (# Cos: 10101 | $88.1B) Automaker (Tesla) (# Cos: 4609 | $63.6B) Two Wheelers (Ather Energy) (# Cos: 963 | $4.1B) Motorcycles (Damon) (# Cos: 233 | $864M) Damon (2017, Canada, $65.5M) Ultraviolette (2016, India, $63.7M) Zero Motorcycles (2006, United States, $454M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Zero Motorcyc.. (2006, United States) $107M - Series G - Sep 2022 Ultraviolette (2016, India) $24.0M - Series D - Nov 2022 $10.0M - Series D - Aug 2022 ION Mobility (2019, Singapore) $18.7M - Series A - Feb 2023 Dat Bike (2018, Vietnam) $8.0M - Series B - Nov 2022 Scorpio Electric (2017, Singapore) $6.8M - Series B - Jan 2023 Verge Motorcycles (2019, Finland) $5.3M - Series A - Feb 2023 View all 17 Funding Rounds on Tracxn Platform
  • 33. Copyright © 2023, Tracxn Technologies Limited. All rights reserved. Sustainability Tech - Top Business Models Report Recent Funding Rounds Affordable Housing Developers 25 33 Back to index Affordable Housing (Aptus Value Housing Finance India) (# Cos: 4626 | $1.4B) Developers (Great Places) (# Cos: 3418 | $679M) Taxonomy $ Invested in last 1 year Key Stats # Funding Rounds in last 1 year $171M ( -- ) 6( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 42 $679M 113 5 3418 2 Great Places (1972, United Kingdom, $24.8M) Planet Smart City (2015, United Kingdom, $245M) United Dwelling (2018, United States, $10.1M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Clanmil Hous.. (1977, United Kingdom) $111M - Series D - Oct 2022 Homz (2020, United States) $50.0M - Seed - Mar 2023 Westhaven at .. (2022, United States) $6.7M - Series A - Jul 2022 TRC Briarwick (2022, United States) $1.8M - Seed - Sep 2022 Zander Park A.. (2020, United States) $1.4M - Seed - Jul 2022 Vector Housing (2020, United Kingdom) $547K - Seed - Mar 2023
  • 34. Copyright © 2023, Tracxn Technologies Limited. All rights reserved. Sustainability Tech - Top Business Models Report Recent Funding Rounds Commercial Energy Management Systems 26 34 Back to index Taxonomy $ Invested in last 1 year Key Stats # Funding Rounds in last 1 year $161M (▼42.3%) 21(▼34.4%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 93 $3.1B 349 11 1105 35 Energy Efficiency Tech (Octopus Energy) (# Cos: 6858 | $24.5B) Energy Management System (Alarm.com) (# Cos: 3018 | $9.2B) Building Automation Systems (Schneider Electric) (# Cos: 1989 | $6.2B) BEMS (Landis+Gyr) (# Cos: 1105 | $3.1B) Landis+Gyr (1896, Switzerland, $1.0B) GridPoint (2003, United States, $539M) Zenatix (2013, India, $1.7M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Infogrid (2018, United Kingdom) $90.0M - Series B - Apr 2023 Willow (2017, Australia) $28.8M - Series A - Dec 2022 Operto (2005, Canada) $25.0M - Series B - Mar 2023 Kterio (2020, United Kingdom) $10.0M - Series A - Aug 2022 Beeldi (2017, France) $8.3M - Series A - Nov 2022 KODE Labs (2017, United States) $8.0M - Series A - Aug 2022 CIM (2015, Australia) $6.7M - Series A - Sep 2022 View all 21 Funding Rounds on Tracxn Platform
  • 35. Copyright © 2023, Tracxn Technologies Limited. All rights reserved. Sustainability Tech - Top Business Models Report Recent Funding Rounds Electric Rickshaw Manufacturers 27 35 Back to index Taxonomy $ Invested in last 1 year Key Stats # Funding Rounds in last 1 year $152M ( -- ) 4( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 3 $215M 15 2 179 3 Electric Vehicles (Lime) (# Cos: 10101 | $88.1B) Automaker (Tesla) (# Cos: 4609 | $63.6B) Commercial Vehicles (Euler Motors) (# Cos: 622 | $6.8B) Light Commercial Vehicles (Nuro) (# Cos: 412 | $2.6B) Multi Category (ETO Motors) (# Cos: 182 | $216M) Rickshaws (TI Clean Mobility) (# Cos: 179 | $215M) TI Clean Mobility (2022, India, $145M) ETO Motors (2018, India, $12.2M) GMW (2010, India, $50.0M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. TI Clean Mobility (2022, India) $145M - Series D - Feb 2023 ETO Motors (2018, India) $3.3M - Seed - Sep 2022 3evi (2019, India) $2.5M - Seed - Jul 2022 HELIXX (2022, United Kingdom) $1.3M - Seed - Jun 2023
  • 36. Copyright © 2023, Tracxn Technologies Limited. All rights reserved. Sustainability Tech - Top Business Models Report Recent Funding Rounds Waste Sorting Robots 28 36 Back to index Taxonomy $ Invested in last 1 year Key Stats # Funding Rounds in last 1 year $137M ( -- ) 5( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 2 $328M 17 - 24 4 Solid Waste Management Tech (Crusoe Energy) (# Cos: 1819 | $9.7B) Recycling (Lohum) (# Cos: 586 | $3.8B) Automated Sorting (Recycleye) (# Cos: 40 | $372M) Robots (AMP Robotics) (# Cos: 24 | $328M) AMP Robotics (2015, United States, $178M) Smarter Sorting (2015, United States, $62.4M) Ishitva Robotics Systems (2018, India, $1.0M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. AMP Robotics (2015, United States) $8.0M - Series C - May 2023 $91.2M - Series C - Nov 2022 Everest Labs (2018, United States) $16.1M - Series A - Jul 2022 Gongye Technology (2018, China) $14.9M - Series A - Jul 2022 Smarter Sorting (2015, United States) $7.0M - Series B - Aug 2022
  • 37. Copyright © 2023, Tracxn Technologies Limited. All rights reserved. Sustainability Tech - Top Business Models Report Recent Funding Rounds Arcadia (2014, United States) $129M - Series D - Dec 2022 Utility Data Management 29 37 Back to index Smart Grid (Octopus Energy) (# Cos: 2349 | $12.3B) Utility Management (Bidgely) (# Cos: 731 | $2.6B) Data Management (Arcadia) (# Cos: 32 | $512M) Taxonomy $ Invested in last 1 year Key Stats # Funding Rounds in last 1 year $129M (▼57.2%) 1(▼80%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 4 $512M 12 - 32 3 Arcadia (2014, United States, $500M) Greenbird (2010, Norway, $10.8M) Bettergy (2012, Spain) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
  • 38. Copyright © 2023, Tracxn Technologies Limited. All rights reserved. Sustainability Tech - Top Business Models Report Recent Funding Rounds Solar Products ECommerce 30 38 Back to index Taxonomy $ Invested in last 1 year Key Stats # Funding Rounds in last 1 year $127M (▼0.6%) 1(▼50%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 2 $1.2B 6 - 38 3 Renewable Energy Tech (First Solar) (# Cos: 3084 | $23.2B) Solar Energy (SolarEdge) (# Cos: 1551 | $12.9B) ECommerce (zolar) (# Cos: 134 | $2.1B) Products (Enpal) (# Cos: 44 | $1.8B) Retail (Waaree) (# Cos: 38 | $1.2B) Waaree (1989, India, $143M) zolar (2016, Germany, $176M) Solyndra (2005, United States, $845M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Waaree (1989, India) $127M - Series C - Sep 2022
  • 39. Copyright © 2023, Tracxn Technologies Limited. All rights reserved. Sustainability Tech - Top Business Models Report Recent Funding Rounds Weather Forecasting Systems 31 39 Back to index Air Pollution Management Tech (iRobot) (# Cos: 2228 | $11.3B) Weather Forecasting (ClimateAI) (# Cos: 318 | $460M) Taxonomy $ Invested in last 1 year Key Stats # Funding Rounds in last 1 year $123M ( -- ) 5( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 5 $460M 36 - 318 6 ClimateAI (2017, United States, $38.0M) Skymet Weather (2003, India, $11.8M) AccuWeather (1962, United States) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Tomorrow.io (2016, United States) $87.0M - Series E - Jun 2023 ClimateAI (2017, United States) $22.0M - Series B - Apr 2023 Perry Weather (2012, United States) $6.3M - Series A - Oct 2022 Ex Machina (2015, Greece) $5.0M - Series A - Jul 2022 Jua (2022, Switzerland) $2.5M - Seed - Oct 2022
  • 40. Copyright © 2023, Tracxn Technologies Limited. All rights reserved. Sustainability Tech - Top Business Models Report Recent Funding Rounds Electric Truck Manufacturers 32 40 Back to index Taxonomy $ Invested in last 1 year Key Stats # Funding Rounds in last 1 year $97.3M (▼68.7%) 7(▲16.7%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 3 $2.3B 22 4 48 8 Electric Vehicles (Lime) (# Cos: 10101 | $88.1B) Automaker (Tesla) (# Cos: 4609 | $63.6B) Commercial Vehicles (Nuro) (# Cos: 622 | $6.8B) Trucks (Nikola Motor) (# Cos: 48 | $2.3B) Nikola Motor (2014, United States, $760M) Einride (2016, Sweden, $652M) Xos (2016, United States, $20.0M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Einride (2016, Sweden) $200M - Series C - Dec 2022 DeepWay (2002, China) $112M - Series A - Mar 2023 $67.3M - Series A - Aug 2022 Volta Trucks (2019, Sweden) $62.3M - Series C - Nov 2022 Orange EV (2012, United States) $35.0M - Series A - Aug 2022 HV Systems (2017, United Kingdom) $27.3M - Series A - Sep 2022 Lunaz (2020, United Kingdom) Undisclosed - Seed - Aug 2022
  • 41. Copyright © 2023, Tracxn Technologies Limited. All rights reserved. Sustainability Tech - Top Business Models Report Recent Funding Rounds Maven (2014, United States) $90.0M - Series E - Nov 2022 Employee Family Benefits Management 33 41 Back to index Employee Health IT (Accolade) (# Cos: 4223 | $26.7B) Healthcare Benefits Administration (Progyny) (# Cos: 8 | $541M) Family Benefits (Maven) (# Cos: 7 | $538M) Taxonomy $ Invested in last 1 year Key Stats # Funding Rounds in last 1 year $90.0M ( -- ) 1( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 1 $538M 7 1 7 3 Maven (2014, United States, $300M) Progyny (2008, United States, $67.4M) Carrot (2016, United States, $115M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
  • 42. Copyright © 2023, Tracxn Technologies Limited. All rights reserved. Sustainability Tech - Top Business Models Report Recent Funding Rounds Comanche (2020, United States) $36.1M - Series C - May 2023 Sprout Pharma.. (2011, United States) $7.1M - Series D - Apr 2023 $28.0M - Series D - Aug 2022 Gameto (2020, United States) $17.0M - Series A - Sep 2022 YourChoice Th.. (2017, United States) $15.0M - Series A - Jul 2022 CleopatraRx (2019, United States) $250K - Seed - Mar 2023 Avana Health (2021, United States) $128K - Seed - Nov 2022 View all 9 Funding Rounds on Tracxn Platform Drugs for Reproductive Disorders 34 42 Back to index Women Health (Hologic) (# Cos: 840 | $8.4B) Drugs (BioNTech) (# Cos: 139 | $2.8B) Reproductive Diseases (Forendo Pharma) (# Cos: 41 | $600M) Taxonomy $ Invested in last 1 year Key Stats # Funding Rounds in last 1 year $88.5M ( -- ) 9( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 3 $600M 30 4 41 3 Forendo Pharma (2013, Finland, $25.6M) ObsEva (2012, Switzerland, $94.7M) OvaScience (2011, United States, $77.2M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
  • 43. Copyright © 2023, Tracxn Technologies Limited. All rights reserved. Sustainability Tech - Top Business Models Report Recent Funding Rounds Electric Dumper Manufacturers 35 43 Back to index Taxonomy $ Invested in last 1 year Key Stats # Funding Rounds in last 1 year $84.7M ( -- ) 2( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $123M 1 - 3 1 Electric Vehicles (Lime) (# Cos: 10101 | $88.1B) Automaker (Tesla) (# Cos: 4609 | $63.6B) Off Highway Vehicles (Rivian) (# Cos: 116 | $10.8B) High Tip Dumpers (Boreton Technology) (# Cos: 3 | $123M) Boreton Technology (2016, China, $123M) Ecovolve (2010, Ireland) VPL (1996, Pakistan) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Boreton Technology (2016, China) $84.7M - Series C - Jan 2023 Undisclosed - Series C - Jul 2022
  • 44. Copyright © 2023, Tracxn Technologies Limited. All rights reserved. Sustainability Tech - Top Business Models Report Recent Funding Rounds Yulu (2017, India) $83.0M - Series B - Sep 2022 HumanForest (2019, United Kingdom) $15.0M - Series A - Apr 2023 Pony (2017, United Kingdom) $6.6M - Series A - Apr 2023 Zoomo (2017, Australia) Undisclosed - Series B - Jul 2022 Electric Bicycle Rentals 36 44 Back to index Electric Vehicles (TIER) (# Cos: 10101 | $88.1B) Vehicle as a Service (Lime) (# Cos: 1299 | $7.6B) Bicycles (Yulu) (# Cos: 244 | $501M) Taxonomy $ Invested in last 1 year Key Stats # Funding Rounds in last 1 year $83.0M ( -- ) 4( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 3 $501M 33 - 244 6 Yulu (2017, India, $105M) Wheels (2017, United States, $92.8M) Zoomo (2017, Australia, $100M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
  • 45. Copyright © 2023, Tracxn Technologies Limited. All rights reserved. Sustainability Tech - Top Business Models Report Recent Funding Rounds Electric Commercial Vehicle Manufacturers 37 45 Back to index Taxonomy $ Invested in last 1 year Key Stats # Funding Rounds in last 1 year $70.8M ( -- ) 4( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 5 $1.5B 24 5 75 4 Electric Vehicles (Lime) (# Cos: 10101 | $88.1B) Automaker (Tesla) (# Cos: 4609 | $63.6B) Commercial Vehicles (Nuro) (# Cos: 622 | $6.8B) Multi Category Commercial Vehicles (Proterra) (# Cos: 75 | $1.5B) Proterra (2004, United States, $858M) Arrival (2015, United Kingdom, $111M) EVage (2019, India, $32.7M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Quantron (2019, Germany) $50.4M - Series A - Sep 2022 HVS (2017, United Kingdom) $27.3M - Series B - Sep 2022 Endera (2018, United States) $20.4M - Series B - Aug 2022 Urban Sphere (2022) $36.9K - Angel - Sep 2022
  • 46. Copyright © 2023, Tracxn Technologies Limited. All rights reserved. Sustainability Tech - Top Business Models Report Recent Funding Rounds eCar Ride Hailing Platforms 38 46 Back to index Taxonomy $ Invested in last 1 year Key Stats # Funding Rounds in last 1 year $70.3M ( -- ) 5( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 2 $267M 16 - 45 3 Electric Vehicles (TIER) (# Cos: 10101 | $88.1B) Vehicle as a Service (Lime) (# Cos: 1299 | $7.6B) Cars (Europcar) (# Cos: 295 | $999M) Ride Hailing (BluSmart) (# Cos: 45 | $267M) BluSmart (2019, India, $110M) Hype (2015, France, $113M) Lithium Urban Technolo.. (2013, India, $28.1M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. BluSmart (2019, India) $37.0M - Series B - May 2023 Undisclosed - Series A - Dec 2022 $15.0M - Series A - Jul 2022 Hype (2015, France) $16.3M - Series C - Jan 2023 Eprakriti (2019, India) $2.0M - Series A - Oct 2022
  • 47. Copyright © 2023, Tracxn Technologies Limited. All rights reserved. Sustainability Tech - Top Business Models Report Recent Funding Rounds Anti-Hepatitis Drugs 39 47 Back to index Taxonomy $ Invested in last 1 year Key Stats # Funding Rounds in last 1 year $70.1M ( -- ) 4( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 14 $1.2B 38 8 51 2 Infectious Diseases (Spero Therapeutics) (# Cos: 2280 | $31.6B) Drugs (Adaptive Biotechnologies) (# Cos: 1275 | $26.5B) Viral (Moderna) (# Cos: 619 | $13.5B) Hepatitis (Finch Therapeutics) (# Cos: 51 | $1.2B) Finch Therapeutics (2004, United States, $184M) Eiger BioPharmaceuticals (2008, United States, $8.9M) Aligos Therapeutics (2018, United States, $225M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Bluejay Thera.. (2021, United States) $41.0M - Series B - Aug 2022 Shanghai Hepu Pharmac.. (2013, China) $14.9M - Series A - Jul 2022 Kemi Biopharmaceutical (China) $14.1M - Series A - Sep 2022 Shanghai Auson Pharma.. (2019, China) Undisclosed - Series B - Aug 2022
  • 48. Copyright © 2023, Tracxn Technologies Limited. All rights reserved. Sustainability Tech - Top Business Models Report Recent Funding Rounds Electric 3 wheeler Cargo Manufacturers 40 48 Back to index Taxonomy $ Invested in last 1 year Key Stats # Funding Rounds in last 1 year $69.3M ( -- ) 4( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $169M 19 1 57 5 Electric Vehicles (Lime) (# Cos: 10101 | $88.1B) Automaker (Tesla) (# Cos: 4609 | $63.6B) Commercial Vehicles (Nikola Motor) (# Cos: 622 | $6.8B) Light Commercial Vehicles (Altigreen) (# Cos: 412 | $2.6B) Cargo Vehicles (Nuro) (# Cos: 74 | $2.3B) Three Wheelers (Euler Motors) (# Cos: 57 | $169M) Euler Motors (2015, India, $92.7M) Altigreen (2013, India, $48.8M) ONO (2017, Germany, $10.2M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Euler Motors (2015, India) $60.0M - Series C - Oct 2022 ONO (2017, Germany) $6.3M - Series A - Dec 2022 Selex (2018, Vietnam) $3.0M - Seed - Apr 2023 Gaius (2010, Taiwan) Undisclosed - Seed - Jun 2022
  • 49. Copyright © 2023, Tracxn Technologies Limited. All rights reserved. Sustainability Tech - Top Business Models Report Recent Funding Rounds Internet First Farm Loans Marketplace 41 49 Back to index Taxonomy $ Invested in last 1 year Key Stats # Funding Rounds in last 1 year $64.4M ( -- ) 6( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 2 $222M 33 - 69 6 Alternative Lending (SoFi) (# Cos: 13023 | $97.4B) Online Lenders (FarmRaise) (# Cos: 77 | $235M) Consumer Loans (Traive) (# Cos: 69 | $222M) Farm Loans (ProducePay) (# Cos: 69 | $222M) Marketplace (Jai Kisan) (# Cos: 69 | $222M) Jai Kisan (2017, India, $85.6M) ProducePay (2014, United States, $66.5M) Traive (2017, United States, $30.9M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Jai Kisan (2017, India) $50.0M - Series B - Jul 2022 Traive (2017, United States) $10.0M - Series A - Oct 2022 HeavyFinance (2020, Lithuania) $3.2M - Seed - Mar 2023 Agroforte (2019, Brazil) $1.1M - Seed - Oct 2022 Agrosperity Tech Solu.. (2021, India) $12.7K - Seed - Sep 2022 VetsArk (2018, Nigeria) Undisclosed - Seed - May 2023
  • 50. Copyright © 2023, Tracxn Technologies Limited. All rights reserved. Sustainability Tech - Top Business Models Report Recent Funding Rounds Onto (2018, United Kingdom) $60.0M - Series C - Jul 2022 Voltric (2019, United Kingdom) Undisclosed - Seed - Oct 2022 Online Car Subscription Platform 42 50 Back to index Auto E-Commerce & Content (Carvana) (# Cos: 9983 | $39.2B) Subscription (Canoo) (# Cos: 58 | $353M) Cars (Onto) (# Cos: 28 | $277M) Taxonomy $ Invested in last 1 year Key Stats # Funding Rounds in last 1 year $60.0M ( -- ) 2( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 1 $277M 11 - 28 3 Onto (2018, United Kingdom, $241M) Canoo (2017, United States, $10.0M) Autonomy (2020, United States) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
  • 51. Copyright © 2023, Tracxn Technologies Limited. All rights reserved. Sustainability Tech - Top Business Models Report Recent Funding Rounds Odyssey Energ.. (2017, United States) $15.0M - Series A - May 2023 $5.3M - Seed - Sep 2022 $7.2M - Seed - Jul 2022 QiO (2015, United Kingdom) $10.0M - Series B - Feb 2023 SYSO Technolo.. (2019, United States) $10.0M - Series A - Oct 2022 New Sun Road (2014, United States) $5.9M - Series A - Jun 2023 VECKTA (2019, United States) $3.3M - Seed - Jul 2022 View all 12 Funding Rounds on Tracxn Platform Renewable Energy Asset Management Software 43 51 Back to index Renewable Energy Tech (SolarEdge) (# Cos: 3084 | $23.2B) Horizontal (Nel Hydrogen) (# Cos: 674 | $4.9B) Portfolio Management Software (Odyssey Energy Solutions) (# Cos: 168 | $851M) Taxonomy $ Invested in last 1 year Key Stats # Funding Rounds in last 1 year $58.1M (▼62.6%) 12(▲71.4%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 21 $851M 71 1 168 8 Odyssey Energy Solutions (2017, United States, $27.6M) Lancium (2014, United States, $150M) Power Factors (1978, United States) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
  • 52. Copyright © 2023, Tracxn Technologies Limited. All rights reserved. Sustainability Tech - Top Business Models Report Recent Funding Rounds eSmart Systems (2012, Norway) $40.2M - Series B - Aug 2022 BluWave-ai (2017, Canada) $9.5M - Series A - Dec 2022 DCbrain (2014, France) $5.3M - Series A - Jun 2022 Probus (2017, India) $3.0M - Series A - Mar 2023 Grid Analytics Software 44 52 Back to index Smart Grid (Octopus Energy) (# Cos: 2349 | $12.3B) Grid Management (AiDash) (# Cos: 444 | $1.7B) Analytics (BluWave-ai) (# Cos: 117 | $321M) Taxonomy $ Invested in last 1 year Key Stats # Funding Rounds in last 1 year $54.9M ( -- ) 4( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 14 $321M 51 - 117 7 BluWave-ai (2017, Canada, $17.8M) eSmart Systems (2012, Norway, $104M) SpaceTime Insight (2008, United States, $54.6M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
  • 53. Copyright © 2023, Tracxn Technologies Limited. All rights reserved. Sustainability Tech - Top Business Models Report Recent Funding Rounds Menstrual Care 45 53 Back to index Taxonomy $ Invested in last 1 year Key Stats # Funding Rounds in last 1 year $54.1M ( -- ) 4( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 1 $135M 7 - 14 2 Beauty & Personal Care Products (MyGlamm) (# Cos: 18078 | $7.6B) Personal Hygiene (Pee Buddy) (# Cos: 16 | $135M) Women (Soothe Healthcare) (# Cos: 16 | $135M) Menstrual Hygiene (Sirona) (# Cos: 14 | $135M) Sirona (2014, India, $8.5M) Soothe Healthcare (2012, India, $123M) Pee Buddy (2014, India, $443K) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Soothe Healthcare (2012, India) $21.1M - Series C - Oct 2022 $31.5M - Series C - Jul 2022 Blood (2003, Singapore) $1.5M - Series A - May 2023 DAME (2015, Norway) $1.2M - Seed - Oct 2022
  • 54. Copyright © 2023, Tracxn Technologies Limited. All rights reserved. Sustainability Tech - Top Business Models Report Recent Funding Rounds Sympower (2015, Estonia) $3.1M - Series B - Nov 2022 $22.3M - Series B - Jul 2022 Recurve (2004, United States) $18.0M - Series B - Aug 2022 Piclo (2013, United Kingdom) $10.2M - Series B - Mar 2023 Grid Flexibility Marketplace 46 54 Back to index Smart Grid (Octopus Energy) (# Cos: 2349 | $12.3B) Flexibility Services (Recurve) (# Cos: 9 | $129M) Marketplace (Sympower) (# Cos: 5 | $107M) Taxonomy $ Invested in last 1 year Key Stats # Funding Rounds in last 1 year $53.5M ( -- ) 4( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 1 $107M 3 - 5 2 Sympower (2015, Estonia, $36.1M) Recurve (2004, United States, $51.0M) Piclo (2013, United Kingdom, $19.9M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
  • 55. Copyright © 2023, Tracxn Technologies Limited. All rights reserved. Sustainability Tech - Top Business Models Report Recent Funding Rounds BillionToOne (2015, United States) $48.5M - Series C - Dec 2022 Pictor (2005, New Zealand) $5.0M - Series A - Dec 2022 Prenatal Diagnostic Tests 47 55 Back to index Women Health (Hologic) (# Cos: 840 | $8.4B) In Vitro Diagnostic Tests (Progenity) (# Cos: 145 | $1.7B) Prenatal (Natera) (# Cos: 47 | $956M) Taxonomy $ Invested in last 1 year Key Stats # Funding Rounds in last 1 year $53.5M (▼59.4%) 2(▼50%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 12 $956M 28 5 47 2 Natera (2004, United States, $152M) Progenity (2011, United States, $217M) BillionToOne (2015, United States, $280M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
  • 56. Copyright © 2023, Tracxn Technologies Limited. All rights reserved. Sustainability Tech - Top Business Models Report Recent Funding Rounds Commercial BEMS 48 56 Back to index Taxonomy $ Invested in last 1 year Key Stats # Funding Rounds in last 1 year $50.3M (▼72.6%) 8( <> 0% ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 32 $651M 145 6 578 11 Energy Efficiency Tech (Octopus Energy) (# Cos: 6858 | $24.5B) Energy Monitoring System (Sense) (# Cos: 1108 | $1.4B) Building Monitoring (Deepki) (# Cos: 943 | $978M) Commercial (AppFolio) (# Cos: 578 | $651M) AppFolio (2006, United States, $30.0M) Deepki (2014, United Kingdom, $177M) Dude Solutions (1999, United States, $100M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Therma (2019, United States) $19.0M - Series A - Feb 2023 Gridium (2011, United States) $14.0M - Series B - Feb 2023 Audette (2018, Canada) $9.5M - Seed - Nov 2022 Vutility (2016, United States) $2.7M - Series A - Aug 2022 Beacon Power Services (2010, Nigeria) $2.7M - Seed - Aug 2022 Ampotech (2015, Singapore) $1.3M - Seed - Feb 2023 Building Inte.. (2006, United States) $1.0M - Series A - Oct 2022 View all 8 Funding Rounds on Tracxn Platform
  • 57. Copyright © 2023, Tracxn Technologies Limited. All rights reserved. Sustainability Tech - Top Business Models Report Recent Funding Rounds Mauto (2019, India) $50.0M - Series C - Nov 2022 Electric Rickshaw Ride Hailing 49 57 Back to index Electric Vehicles (TIER) (# Cos: 10101 | $88.1B) Vehicle as a Service (Lime) (# Cos: 1299 | $7.6B) Three Wheelers (Oye Rickshaw) (# Cos: 34 | $89.5M) Taxonomy $ Invested in last 1 year Key Stats # Funding Rounds in last 1 year $50.0M ( -- ) 1( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $89.5M 16 - 34 3 Oye Rickshaw (2017, India, $17.1M) SmartE (2015, India, $21.7M) Metro Ride (2019, India, $334K) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
  • 58. Sustainability Tech - Top Business Models Report Copyright © 2023, Tracxn Technologies Limited. All rights reserved. Recent funding rounds Investment Trends Most Active Investors Top Funded Business Models Explore more on Tracxn All Tech Companies US Tech Companies Online Travel Companies Companies using AI in Healthcare Companies founded by Stanford GSB Alumni Soonicorn club in Fintech Analyst Picks in Israel Tech Key News in FinTech Events in Bay Area Angel Investors in United States Bluebox Companies Investment Activity Miscellaneous Company Detail Page of DoorDash Competitors of Freshworks Cap Table for TransferWise Financials for Ola Employee Count for Revolut Company Due Diligence Exits Public Companies Acquired Companies Most Active Acquirers Reports Delhivery - Company Report Novel Foods - Business Model Report HRTech - Feed Report FinTech - Top Business Models Report US Tech - Top Business Models Report US Tech - Monthly Report 58
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