The document is a report from Tracxn Technologies on sustainability tech business models and funding. It provides an overview of funding for various sustainability sectors over the past year, top funded business models, and one-page profiles for individual companies. The top four business models by funding are lithium battery recycling, fuel from waste, antibiotics, and electric car manufacturers. Company profiles include funding amounts and rounds for individual startups in these sectors.

1. TRACXN TOP BUSINESS MODELS REPORT
October 26, 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 $8.7B
Circular Economy $6.1B
Solid Waste Management Tech $3.5B
Air Pollution Management Tech $3.3B
Renewable Energy Tech $2.5B
Solar Energy Tech $2.0B
Y-o-Y Funding
Top Investors by Funding Rounds
Seed
Stage
Gener8tor
Antler
Alchemist Accelerator
11
10
8
Early
Stage
Lowercarbon Capital
Microsoft
Union Square Ventures
16
8
8
Late
Stage
Temasek
Breakthrough Energy
The Rise Fund
8
5
5
Funding by Geography
Top Feeds by $ Funding
Top Funding Rounds
United States (44%)
China (8%)
Germany (7%)
France (7%)
Sweden (7%)
India (5%)
United Kingdom (5%)
Others (16%)
$ Funding # Rounds
Northvolt
(2016, Sweden)
$1.2B - Series D
Redwood Materials
(2017, United States)
$1.0B - Series D
Verkor
(2020, France)
$913M - Series C
Footprint
(2013, United States)
$830M - Series E
Voyah
(2020, China)
$637M - Series A
Clean Capital
(2015, United States)
$500M - Series B
LanzaTech
(2005, United States)
$500M - Series F
1KOMMA5
(2021, Germany)
$472M - Series B
Ascend Elements
(2015, United States)
$460M - Series D
Levdeo
(2008, China)
$447M - Series A
AVATR
(2018, China)
$410M - Series B
Northvolt
(2016, Sweden)
$400M - Series C

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▲11 Lithium Battery Recycling $1.5B 5 Redwood Mater.. | $1.0B | Series D Link
2▲12 Fuel From Waste $643M 11 LanzaTech | $500M | Series F Link
3▲7 Antibiotics $603M 17 Everest Medic.. | $280M | Series D Link
4▼2 Electric Car Manufacturers $455M 12 Voyah | $637M | Series A Link
5-- Energy Efficiency Project Management $429M 9 Redaptive | $250M | Series E Link
6▲42 Hydrogen Electrolyzers $349M 17 Electric Hydr.. | $381M | Series C Link
7-- Carbon Sequestration By Adsorption $339M 6 Svante | $318M | Series E Link
8▼3 Carbon Footprint Awareness $294M 40 Persefoni | $52.7M | Series C Link
9▼5 Carbon Credit Trading Platform $290M 46 Xpansiv | $125M | Series D Link
10▼9 Carbon Capture Technologies $252M 35 LanzaTech | $500M | Series F 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▲32 Industrial Wastewater Treatment $233M 5 Gradiant | $225M | Series D Link
12-- Enzymatic Systems for CO2 Capture $200M 1 Solugen | $200M | Series D Link
13-- Green Chemicals $200M 3 LanzaTech | $500M | Series F Link
14-- Self-Driving Delivery Vehicles $200M 2 Einride | $200M | Series C Link
15▲1 Microfinance Providers $193M 7 Arohan | $89.2M | Series C Link
16▼10 Drugs for Infectious Diseases $174M 17 LimmaTech Bi.. | $37.0M | Series A Link
17▲8 Commercial Energy Management $171M 17 Infogrid | $90.0M | Series B Link
18-- Plastic Waste Recyclers $143M 3 APK | $140M | Series D Link
19-- Weather Forecasting Systems $142M 10 Tomorrow.io | $87.0M | Series E Link
20-- Charging Station Management Software $139M 19 Virta | $71.9M | Series D 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▲2 Utility Data Management $130M 2 Arcadia | $129M | Series D Link
22▼2 Solar Panels Design Software $125M 5 PVcase | $100M | Series B Link
23-- Geothermal Energy Generation System $114M 5 Dandelion | $70.0M | Series B Link
24<> 0 Biodegradable Polymers $109M 29 Newlight Tech.. | $125M | Series F Link
25-- Carbon-Capturing Concrete $107M 5 CarbonCure | $80.0M | Series E Link
26▲23 Waste Sorting Robots $107M 3 AMP Robotics | $91.2M | Series C Link
27▼12 Home Energy Management $96.5M 2 Span.IO | $96.5M | Series B Link
28▼21 Diagnostic Tests for Infections $93.0M 6 SpeeDx | $26.0M | Series C Link
29-- Employee Family Benefits $90.0M 3 Maven | $90.0M | Series E Link
30▲16 Drugs for Reproductive Disorders $83.8M 9 Comanche | $36.1M | 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-- Smart Solid Waste Bins $82.1M 3 Mill | $70.0M | Series C Link
32-- Water Pipeline Monitoring $79.0M 4 GHGSat | $44.0M | Series C Link
33▼2 Electric Vehicle Charger Manufacturers $76.0M 24 Span.IO | $96.5M | Series B Link
34▼17 Electric Scooter Manufacturers $68.8M 22 Ola Electric | $300M | Series D Link
35-- Electrical Aircraft $67.6M 17 Bee Flights | $36.3M | Series C Link
36-- Biological Wastewater Treatment $62.6M 3 SuperBAC | $62.6M | Unattributed Link
37▼15 Commercial Building Energy Management $55.5M 6 Therma | $19.0M | Series A Link
38-- Sustainable Fabrics $54.8M 15 MycoWorks | $37.1M | Series C Link
39▼5 Prenatal Diagnostic Tests $53.5M 2 BillionToOne | $48.5M | Series C Link
40-- Industrial Energy Management $52.2M 6 Sensor Fact | $28.1M | 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▼2 Affordable Housing Developers $50.5M 6 Homz | $50.0M | Seed Link
42-- Smart Farm Irrigation Systems $48.6M 9 CropX | $30.0M | Series C Link
43-- Health Services for Working Women $45.0M 4 Kindbody | $100M | Series D Link
44-- Industrial Emissions Monitoring $44.0M 2 GHGSat | $44.0M | Series C Link
45▼26 Demand Response Management Systems $37.9M 7 myenergi | $36.8M | Series C Link
46-- Supply Chain Planning $37.5M 1 Apkudo | $37.5M | Series C Link
47-- NLP in Banking $37.1M 1 SESAMm | $37.1M | Series B Link
48-- Bio Composite Materials $35.3M 4 Ecovative | $31.7M | Series E Link
49-- Electric Vehicle Battery Swapping $35.2M 2 Battery Smart | $33.0M | Series A Link
50-- Electric Motorcycle Manufacturers $34.5M 14 MAKA | $37.6M | Seed 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
Lithium Battery Recycling
01
9
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$1.5B (▲364%)
5(▼61.5%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$2.9B
19
2
24
4
Solid Waste Management Tech (Crusoe)
(# Cos: 1958 | $12.2B)
Recycling (Lohum)
(# Cos: 649 | $6.0B)
Tech Enabled Recyclers (Ecovative)
(# Cos: 150 | $3.9B)
Lithium (Redwood Materials)
(# Cos: 24 | $2.9B)
Redwood Materials
(2017, United States, $2.0B)
Ascend Elements
(2015, United States, $843M)
Lithion Recycling
(2018, Canada, $15.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Redwood Mater.. (2017, United States)
$1.0B - Series D - Aug 2023
Ascend Elements (2015, United States)
$460M - Series D - Sep 2023
$82.0M - Series D - Jul 2023
NEU Battery Mater.. (2021, Singapore)
$3.1M - Series A - Jun 2023
Metastable Materials (2021, India)
Undisclosed - Seed - Apr 2023

10. 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)
$8.0M - Series B - Oct 2023
$100M - Series B - Jun 2023
WasteFuel (2019, United States)
$10.0M - Series B - Jul 2023
$12.7M - Series A - Feb 2023
Sistema (2009, Kenya)
$10.0M - Series B - Oct 2022
Kvasir Technologies (2018, Denmark)
$2.4M - Seed - Apr 2023
View all 11 Funding Rounds on Tracxn Platform
Fuel From Waste
02
10
Back to index
Solid Waste Management Tech (Lohum)
(# Cos: 1958 | $12.2B)
Waste-To-Energy (Crusoe)
(# Cos: 202 | $4.2B)
Fuel (LanzaTech)
(# Cos: 118 | $3.0B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$643M (▲111%)
11(▲83.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
4
$3.0B
67
2
118
12
LanzaTech
(2005, United States, $869M)
Charm Industrial
(2018, United States, $108M)
INENTEC
(1995, United States, $230M)
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
Everest Medic.. (2017, United States)
$280M - Series D - Mar 2023
Vedanta Biosc.. (2010, United States)
$107M - Series E - Apr 2023
Minervax (2010, Denmark)
$57.2M - Series C - Oct 2023
$23.4M - Series B - Dec 2022
BACTOLIFE (2017, Denmark)
$33.0M - Series A - Aug 2023
Prokarium (2012, United Kingdom)
$30.0M - Series C - Feb 2023
Pattern Biosc.. (2016, United States)
$28.7M - Series C - Apr 2023
View all 17 Funding Rounds on Tracxn Platform
Antibiotics
03
11
Back to index
Infectious Diseases (Adaptive Biotechnologies)
(# Cos: 2320 | $32.9B)
Drugs (Moderna)
(# Cos: 1303 | $27.7B)
Bacterial (Spero Therapeutics)
(# Cos: 366 | $6.3B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$603M (▲48.5%)
17(▼34.6%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
42
$6.3B
269
36
366
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.

12. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Sustainability Tech - Top Business Models Report
Recent Funding Rounds
Voyah (2020, China)
$637M - Series A - Nov 2022
Levdeo (2008, China)
$447M - Series A - Nov 2022
AVATR (2018, China)
$410M - Series B - Aug 2023
smartusa (1998, United States)
$150M - Series A - Sep 2023
Mahindra Electric Aut.. (2023, India)
$14.5M - Series B - Aug 2023
Lightyear (2016, Netherlands)
$8.6M - Series B - Feb 2023
Kate (2022, France)
$7.6M - Seed - Apr 2023
View all 12 Funding Rounds on Tracxn Platform
Electric Car Manufacturers
04
12
Back to index
Electric Vehicles (Lime)
(# Cos: 10481 | $91.9B)
Automaker (Ather Energy)
(# Cos: 4811 | $65.7B)
Cars (Tesla)
(# Cos: 348 | $34.6B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$455M (▼56.8%)
12(▼36.8%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
8
$34.6B
95
16
348
19
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.

13. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Sustainability Tech - Top Business Models Report
Recent Funding Rounds
Redaptive (2015, United States)
$250M - Series E - Mar 2023
ACCENTA (2017, France)
$116M - Series B - Sep 2023
BlocPower (2012, United States)
$24.4M - Series B - Jan 2023
Effy (2008, France)
$21.7M - Series A - Mar 2023
WindESCo (2012, United States)
$9.0M - Series B - Jul 2023
Urbanchain (2018, United Kingdom)
$6.5M - Series A - May 2023
Sympower (2015, Estonia)
$3.1M - Series B - Nov 2022
View all 9 Funding Rounds on Tracxn Platform
Energy Efficiency Project Management
05
13
Back to index
Energy Efficiency Tech (Octopus Energy)
(# Cos: 6976 | $24.9B)
ESCO (Thermondo)
(# Cos: 563 | $1.4B)
Project Management (BlocPower)
(# Cos: 305 | $830M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$429M ( -- )
9( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
10
$830M
57
2
305
7
BlocPower
(2012, United States, $250M)
Urbanchain
(2018, United Kingdom, $6.5M)
eEnergy
(2019, United Kingdom)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

14. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Sustainability Tech - Top Business Models Report
Recent Funding Rounds
Hydrogen Electrolyzers
06
14
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$349M (▲331%)
17(▼26.1%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$2.2B
62
6
152
18
Energy Storage Tech (ChargePoint)
(# Cos: 5721 | $51.5B)
Hydrogen (Nel Hydrogen)
(# Cos: 379 | $4.4B)
Hydrogen Generation (Sunfire)
(# Cos: 218 | $3.5B)
Electrolysis (Lhyfe)
(# Cos: 152 | $2.2B)
Lhyfe
(2017, France, $96.9M)
Sunfire
(2010, Germany, $247M)
ITM Power
(2001, United Kingdom)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Electric Hydr.. (2020, United States)
$381M - Series C - Oct 2023
Ohmium (2019, United States)
$250M - Series C - Apr 2023
Verdagy (2021, United States)
$73.0M - Series B - Aug 2023
Hystar (2020, Norway)
$26.0M - Series B - Jan 2023
NovoHydrogen (2021, United States)
$23.7M - Series A - Sep 2023
Fabrum (2004, New Zealand)
$23.0M - Series A - Feb 2023
Advanced Ionics (2017, United States)
$12.5M - Series A - Aug 2023
View all 17 Funding Rounds on Tracxn Platform

15. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Sustainability Tech - Top Business Models Report
Recent Funding Rounds
Carbon Sequestration By Adsorption
07
15
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$339M ( -- )
6( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$577M
19
-
27
2
Air Pollution Management Tech (iRobot)
(# Cos: 2423 | $13.4B)
Carbon Management (Watershed)
(# Cos: 1239 | $10.5B)
Carbon Capture (LanzaTech)
(# Cos: 309 | $7.5B)
Carbon Sequestration (Solugen)
(# Cos: 52 | $1.4B)
Adsorption (Heirloom)
(# Cos: 27 | $577M)
Heirloom
(2020, United States, $53.0M)
Svante
(2007, Canada, $493M)
Sustaera
(2021, United States, $10.8M)
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
Nuada (2012, United Kingdom)
$4.4M - Series A - Jul 2023
Sustaera (2021, United States)
$750K - Series A - Jul 2023
Adsorbi (2022, Sweden)
$389K - Seed - Aug 2023
ION Engineering (2008, United States)
Undisclosed - Series A - Mar 2023

16. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Sustainability Tech - Top Business Models Report
Recent Funding Rounds
Persefoni (2020, United States)
$52.7M - Series C - Aug 2023
Mombak (2021, Brazil)
$49.5M - Series C - Jun 2023
SustainCERT (2018, Luxembourg)
$37.0M - Series B - Jun 2023
Plan A (2017, Germany)
$27.0M - Series B - Sep 2023
ZeroBoard (2021, Japan)
$17.9M - Series A - Feb 2023
Qarnot (2010, France)
$13.4M - Series C - Jan 2023
GreenPlaces (2021, United States)
$13.2M - Series A - Jun 2023
View all 40 Funding Rounds on Tracxn Platform
Carbon Footprint Awareness
08
16
Back to index
Air Pollution Management Tech (iRobot)
(# Cos: 2423 | $13.4B)
Carbon Management (Sylvera)
(# Cos: 1239 | $10.5B)
Carbon Footprint Awareness
(Watershed)
(# Cos: 484 | $1.2B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$294M (▼52.1%)
40(▼23.1%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
7
$1.2B
160
1
484
16
Watershed
(2019, United States, $70.0M)
ZeroNorth
(2014, Denmark, $60.5M)
Plan A
(2017, Germany, $40.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

17. 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
Sylvera (2020, United Kingdom)
$57.0M - Series B - Jul 2023
AirCarbon (2019, Singapore)
$50.0M - Series B - Nov 2022
Carbonplace (2020, United Kingdom)
$45.0M - Seed - Feb 2023
Isometric (2022, United Kingdom)
$25.0M - Seed - Jul 2023
Cloverly (1999, United States)
$19.0M - Series A - May 2023
CHOOOSE (2017, Norway)
$15.0M - Series A - Jan 2023
View all 46 Funding Rounds on Tracxn Platform
Carbon Credit Trading Platform
09
17
Back to index
Air Pollution Management Tech (iRobot)
(# Cos: 2423 | $13.4B)
Carbon Management (Watershed)
(# Cos: 1239 | $10.5B)
Carbon Offset Trading Platforms
(Sylvera)
(# Cos: 436 | $1.7B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$290M (▼56%)
46(▼9.8%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
9
$1.7B
157
-
436
18
Sylvera
(2020, United Kingdom, $97.4M)
Xpansiv
(2016, United States, $675M)
BeZero Carbon
(2020, United Kingdom, $77.2M)
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
Carbon Capture Technologies
10
18
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$252M (▼87.2%)
35(▲29.6%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
6
$5.1B
83
1
149
15
Air Pollution Management Tech (iRobot)
(# Cos: 2423 | $13.4B)
Carbon Management (Watershed)
(# Cos: 1239 | $10.5B)
Carbon Capture (Carbon Clean)
(# Cos: 309 | $7.5B)
Diversified (LanzaTech)
(# Cos: 149 | $5.1B)
LanzaTech
(2005, United States, $869M)
Carbon Clean
(2009, United Kingdom, $261M)
Storegga Geotechnologies
(2019, United Kingdom, $62.9M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
LanzaTech (2005, United States)
$500M - Series F - Nov 2022
Charm Industr.. (2018, United States)
$100M - Series B - Jun 2023
MECAWARE (2020, France)
$42.1M - Series A - Oct 2023
Atlas Material (United States)
$27.0M - Series A - Sep 2023
OXCCU (2021, United Kingdom)
$22.7M - Series A - Jun 2023
Ebb Carbon (2021, United States)
$20.0M - Series A - Mar 2023
Noya (2020, United States)
$16.8M - Series A - Apr 2023
View all 35 Funding Rounds on Tracxn Platform

19. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Sustainability Tech - Top Business Models Report
Recent Funding Rounds
Industrial Wastewater Treatment
11
19
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$233M (▲109%)
5(▲66.7%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
9
$520M
42
4
74
2
Water and Wastewater Management Tech (Ecozen
Solutions)
(# Cos: 1715 | $4.2B)
Water Treatment (Solugen)
(# Cos: 336 | $1.8B)
Commercial (Gradiant)
(# Cos: 246 | $907M)
Diversified (SUEZ)
(# Cos: 74 | $520M)
SUEZ
(1869, France)
Gradiant
(2013, United States, $400M)
Evoqua
(2013, United States)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Gradiant (2013, United States)
$225M - Series D - May 2023
Purecontrol (2017, France)
$7.5M - Series A - May 2023
ElectraMet (2014, United States)
$677K - Series B - Jan 2023
DigitalPaani (2020, India)
Undisclosed - Seed - Nov 2022
BlueActivity (2021, Germany)
Undisclosed - Seed - Jan 2023

20. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Sustainability Tech - Top Business Models Report
Recent Funding Rounds
Enzymatic Systems for CO2 Capture
12
20
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$200M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$637M
3
1
3
1
Air Pollution Management Tech (iRobot)
(# Cos: 2423 | $13.4B)
Carbon Management (Watershed)
(# Cos: 1239 | $10.5B)
Carbon Capture (LanzaTech)
(# Cos: 309 | $7.5B)
Carbon Sequestration (Heirloom)
(# Cos: 52 | $1.4B)
BioTech (Living Carbon)
(# Cos: 10 | $689M)
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

21. 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
Solugen (2016, United States)
$200M - Series D - Nov 2022
Visolis (2012, United States)
Undisclosed - Seed - Jan 2023
Green Chemicals
13
21
Back to index
Chemicals Tech (Indigo)
(# Cos: 1649 | $10.0B)
Green Chemicals (Solugen)
(# Cos: 71 | $1.9B)
Diversified (LanzaTech)
(# Cos: 23 | $1.6B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$200M ( -- )
3( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$1.6B
20
1
23
4
LanzaTech
(2005, United States, $869M)
Solugen
(2016, United States, $637M)
Calyxia
(2011, France, $27.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

22. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Sustainability Tech - Top Business Models Report
Recent Funding Rounds
Self-Driving Delivery Vehicles
14
22
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$200M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$2.8B
7
-
8
2
Logistics Tech (Grab)
(# Cos: 25211 | $117B)
Ecommerce Logistics (Zypp Electric)
(# Cos: 81 | $2.9B)
Autonomous Delivery (Einride)
(# Cos: 8 | $2.8B)
Self-Driving Delivery Vehicles
(Nuro)
(# Cos: 8 | $2.8B)
Nuro
(2016, United States, $2.1B)
Einride
(2016, Sweden, $652M)
Faction
(2020, United States, $4.3M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Einride (2016, Sweden)
Undisclosed - Series C - Aug 2023
$200M - Series C - Dec 2022

23. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Sustainability Tech - Top Business Models Report
Recent Funding Rounds
Microfinance Providers
15
23
Back to index
Microfinance (Fusion Microfinance)
(# Cos: 737 | $3.9B)
Microcredit (Fincare Small Finance Bank)
(# Cos: 724 | $3.9B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$193M (▼24.7%)
7(▼56.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
30
$3.9B
177
15
724
9
Fincare Small Finance ..
(2007, India, $195M)
Fusion Microfinance
(2010, India, $202M)
Satyamicrocapital
(2016, India, $115M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Arohan (2006, India)
Undisclosed - Series C - Jul 2023
$89.2M - Series C - Mar 2023
Gojo (2014, Japan)
$30.8M - Series E - Aug 2023
$23.0M - Series E - Feb 2023
$48.0M - Series E - Nov 2022
Avanti (2016, India)
$24.0M - Series B - Dec 2022
OXUS (2005, France)
$1.6M - Seed - Jul 2023

24. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Sustainability Tech - Top Business Models Report
Recent Funding Rounds
LimmaTech Biolo.. (2015, Switzerland)
$37.0M - Series A - Oct 2023
Lumen (2017, United States)
$33.0M - Series C - Sep 2023
Osteal Therap.. (2013, United States)
$23.0M - Series C - Sep 2023
Biomica (2017, Israel)
$20.0M - Series B - Apr 2023
Innovac Thera.. (2022, United States)
$18.0M - Seed - Sep 2023
Healrna (2021, China)
$14.6M - Seed - Mar 2023
Jia Yue Pharmaceutical (2017, China)
$14.0M - Series B - Jun 2023
View all 17 Funding Rounds on Tracxn Platform
Drugs for Infectious Diseases
16
24
Back to index
Infectious Diseases (Adaptive Biotechnologies)
(# Cos: 2320 | $32.9B)
Drugs (Moderna)
(# Cos: 1303 | $27.7B)
Diversified (Bharat Biotech)
(# Cos: 250 | $6.1B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$174M (▼70.2%)
17(▼15%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
19
$6.1B
163
36
250
22
Bharat Biotech
(1996, India, $13.7M)
Vir Biotechnology
(2017, United States, $216M)
Emergent BioSolutions
(1998, United States)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

25. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Sustainability Tech - Top Business Models Report
Recent Funding Rounds
Commercial Energy Management
17
25
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$171M (▼11.7%)
17(▼45.2%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
100
$3.2B
348
11
1099
32
Energy Efficiency Tech (Octopus Energy)
(# Cos: 6976 | $24.9B)
Energy Management System (SmartRent)
(# Cos: 3029 | $9.1B)
Building Automation Systems
(Alarm.com)
(# Cos: 1999 | $6.3B)
BEMS (GridPoint)
(# Cos: 1099 | $3.2B)
GridPoint
(2003, United States, $539M)
Infogrid
(2018, United Kingdom, $107M)
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
Amperon (2017, United States)
$20.0M - Series B - Oct 2023
Clockworks An.. (2008, United States)
$16.1M - Series E - Aug 2023
Beeldi (2017, France)
$8.3M - Series A - Nov 2022
Crocus AI (2017, United States)
$4.9M - Series B - Mar 2023
View all 17 Funding Rounds on Tracxn Platform

26. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Sustainability Tech - Top Business Models Report
Recent Funding Rounds
Plastic Waste Recyclers
18
26
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$143M ( -- )
3( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
4
$354M
24
2
53
1
Solid Waste Management Tech (Crusoe)
(# Cos: 1958 | $12.2B)
Recycling (Lohum)
(# Cos: 649 | $6.0B)
Tech Enabled Recyclers (Redwood
Materials)
(# Cos: 150 | $3.9B)
Plastic (Banyan Nation)
(# Cos: 53 | $354M)
Banyan Nation
(2013, India, $800K)
Plastic Energy
(2017, United Kingdom, $168M)
Srichakra Polyplast
(2010, India, $9.3M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
APK (2008, Germany)
$140M - Series D - Feb 2023
Dalmia Polypro Indust.. (2006, India)
$3.9M - Series A - Dec 2022
Fuenix (2013, Netherlands)
Undisclosed - Series A - Feb 2023

27. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Sustainability Tech - Top Business Models Report
Recent Funding Rounds
Weather Forecasting Systems
19
27
Back to index
Air Pollution Management Tech (iRobot)
(# Cos: 2423 | $13.4B)
Weather Forecasting (Skymet Weather)
(# Cos: 337 | $592M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$142M ( -- )
10( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
6
$592M
47
-
337
7
Skymet Weather
(2003, India, $11.8M)
Tomorrow.io
(2016, United States, $250M)
ClimateAI
(2017, United States, $38.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Tomorrow.io (2016, United States)
Undisclosed - Series E - Sep 2023
$87.0M - Series E - Jun 2023
Risilience (2021, United Kingdom)
$26.0M - Series B - Feb 2023
ClimateAI (2017, United States)
$22.0M - Series B - Apr 2023
Perry Weather (2012, United States)
$6.3M - Series A - Oct 2022
Shadowmap (2020, Austria)
$1.1M - Seed - Jun 2023
Poliark (2021, United States)
$500K - Seed - Sep 2023
View all 10 Funding Rounds on Tracxn Platform

28. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Sustainability Tech - Top Business Models Report
Recent Funding Rounds
Charging Station Management Software
20
28
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$139M ( -- )
19( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
13
$701M
87
-
262
17
Electric Vehicles (Lime)
(# Cos: 10481 | $91.9B)
Charging Solutions (Wallbox)
(# Cos: 2021 | $8.1B)
Station Network (Magenta)
(# Cos: 921 | $5.2B)
Charging (ChargePoint)
(# Cos: 872 | $5.0B)
Station Management IT (EV Connect)
(# Cos: 262 | $701M)
EV Connect
(2009, United States, $49.9M)
ev.energy
(2018, United Kingdom, $63.0M)
SWTCH
(2018, Canada, $10.8M)
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
Weev (2022, United Kingdom)
$61.8M - Series C - May 2023
Xeal (2019, United States)
$40.0M - Series B - Nov 2022
Weave Grid (2018, United States)
$35.0M - Series B - Nov 2022
ev.energy (2018, United Kingdom)
$33.0M - Series B - Jul 2023
$17.2M - Series A - Apr 2023
AMPECO (2018, Bulgaria)
$13.0M - Series A - Jan 2023
View all 19 Funding Rounds on Tracxn Platform

29. 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
Openvolt (2023, Ireland)
$1.6M - Seed - Sep 2023
Utility Data Management
21
29
Back to index
Smart Grid (Octopus Energy)
(# Cos: 2357 | $12.2B)
Utility Management (myenergi)
(# Cos: 733 | $2.7B)
Data Management (Arcadia)
(# Cos: 33 | $513M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$130M (▼35%)
2(▼33.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
5
$513M
13
-
33
2
Arcadia
(2014, United States, $500M)
Greenbird
(2010, Norway, $10.8M)
Metry
(2012, Sweden, $703K)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

30. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Sustainability Tech - Top Business Models Report
Recent Funding Rounds
PVcase (2017, Lithuania)
$100M - Series B - Jul 2023
OpenSolar (2017, United States)
$15.0M - Series B - Dec 2022
Eturnity (2012, Switzerland)
$8.8M - Series A - Jun 2023
Solar Ladder (2021, India)
$1.3M - Seed - May 2023
solarVis (2019, Turkey)
Undisclosed - Angel - Sep 2023
Solar Panels Design Software
22
30
Back to index
Renewable Energy Tech (Enphase Energy)
(# Cos: 3166 | $24.2B)
Solar Energy (SolarEdge)
(# Cos: 1591 | $14.5B)
Solar Sales and Design Software (Aurora
Solar)
(# Cos: 172 | $762M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$125M (▼40.7%)
5(▲25%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
10
$762M
54
1
172
8
Aurora Solar
(2013, United States, $537M)
RatedPower
(2016, Spain, $6.1M)
OpenSolar
(2017, United States, $25.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

31. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Sustainability Tech - Top Business Models Report
Recent Funding Rounds
Dandelion (2017, United States)
$70.0M - Series B - Nov 2022
Eavor (2017, Canada)
$5.1M - Series B - Jun 2023
$36.7M - Series B - Jun 2023
$405K - Series B - Mar 2023
$2.0M - Series B - Dec 2022
Geothermal Energy Generation System
23
31
Back to index
Renewable Energy Tech (SolarEdge)
(# Cos: 3166 | $24.2B)
Geothermal Energy (Eavor)
(# Cos: 23 | $265M)
Electricity Generation Systems
(Dandelion)
(# Cos: 6 | $232M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$114M ( -- )
5( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$232M
2
-
6
1
Dandelion
(2017, United States, $136M)
Eavor
(2017, Canada, $95.8M)
New York Geothermal
(2021, United States)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

32. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Sustainability Tech - Top Business Models Report
Recent Funding Rounds
Newlight Tech.. (2003, United States)
$125M - Series F - Aug 2023
UBQ Materials (2012, Israel)
$70.0M - Series D - Sep 2023
Traceless (2020, Germany)
$39.0M - Series A - Sep 2023
AMSilk (2006, Germany)
$27.1M - Series C - Apr 2023
Polymateria (2015, United Kingdom)
$24.9M - Series B - Apr 2023
Cruz Foam (2017, United States)
$18.0M - Series A - Oct 2022
Compact Membr.. (1993, United States)
$16.5M - Series A - Apr 2023
View all 29 Funding Rounds on Tracxn Platform
Biodegradable Polymers
24
32
Back to index
Advanced Materials (Metamaterial)
(# Cos: 1864 | $13.4B)
Biomaterials (Ecovative)
(# Cos: 331 | $2.8B)
Biodegradable Polymers (Zume)
(# Cos: 293 | $2.3B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$109M (▼43.6%)
29(▲26.1%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
10
$2.3B
171
6
293
22
Zume
(2015, United States, $445M)
Danimer Scientific
(2004, United States, $27.1M)
Origin Materials
(2008, United States, $61.6M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

33. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Sustainability Tech - Top Business Models Report
Recent Funding Rounds
Carbon-Capturing Concrete
25
33
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$107M ( -- )
5( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$226M
6
-
8
2
Air Pollution Management Tech (iRobot)
(# Cos: 2423 | $13.4B)
Carbon Management (Watershed)
(# Cos: 1239 | $10.5B)
Carbon Capture (LanzaTech)
(# Cos: 309 | $7.5B)
Carbon to Materials (Carbo Culture)
(# Cos: 47 | $592M)
Building Materials (CarbonCure)
(# Cos: 16 | $259M)
Concrete (CUT)
(# Cos: 8 | $226M)
CUT
(2013, Canada, $32.9M)
CarbonCure
(2007, Canada, $169M)
Carbicrete
(2016, Canada, $22.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
CarbonCure (2007, Canada)
$80.0M - Series E - Jul 2023
CUT (2013, Canada)
$26.1M - Series A - Jul 2023
$600K - Seed - Apr 2023
Undisclosed - Seed - Feb 2023
C2CA Technology (2016, Netherlands)
Undisclosed - Seed - Mar 2023

34. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Sustainability Tech - Top Business Models Report
Recent Funding Rounds
Waste Sorting Robots
26
34
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$107M (▲45.8%)
3(▼50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$335M
18
-
25
4
Solid Waste Management Tech (Crusoe)
(# Cos: 1958 | $12.2B)
Recycling (Lohum)
(# Cos: 649 | $6.0B)
Automated Sorting (Recycleye)
(# Cos: 41 | $379M)
Robots (AMP Robotics)
(# Cos: 25 | $335M)
AMP Robotics
(2015, United States, $178M)
Smarter Sorting
(2015, United States, $62.4M)
Pellenc ST
(2001, France, $425K)
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
Waste Robotic (2016, Canada)
$7.3M - Series A - Sep 2023

35. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Sustainability Tech - Top Business Models Report
Recent Funding Rounds
Home Energy Management
27
35
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$96.5M (▼64.8%)
2(▼66.7%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
9
$1.3B
70
4
236
14
Energy Efficiency Tech (Octopus Energy)
(# Cos: 6976 | $24.9B)
Energy Management System (MRI Software)
(# Cos: 3029 | $9.1B)
Building Automation Systems
(SmartRent)
(# Cos: 1999 | $6.3B)
HEMS (Alarm.com)
(# Cos: 236 | $1.3B)
Alarm.com
(2000, United States, $137M)
SmartRent
(2017, United States, $138M)
Ajax Systems
(2011, United States, $11.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Span.IO (2014, United States)
$96.5M - Series B - Mar 2023
HEERO Techno.. (2021, United Kingdom)
Undisclosed - Seed - Apr 2023

36. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Sustainability Tech - Top Business Models Report
Recent Funding Rounds
SpeeDx (2009, Australia)
$26.0M - Series C - Feb 2023
DeepUll (2020, Spain)
$18.0M - Series B - Mar 2023
Zhuhai Meihua Medical.. (2010, China)
$14.3M - Series B - Dec 2022
Biofire Diagn.. (1990, United States)
$14.0M - Series A - Nov 2022
Seek Labs (2017, United States)
$13.6M - Series B - Aug 2023
NextGen Jane (2014, United States)
$7.0M - Series B - Oct 2023
Diagnostic Tests for Infections
28
36
Back to index
Infectious Diseases (Moderna)
(# Cos: 2320 | $32.9B)
In Vitro Diagnostic Tests (Cepheid)
(# Cos: 827 | $4.8B)
Diversified (Karius)
(# Cos: 407 | $3.6B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$93.0M (▼83.1%)
6(▼71.4%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
50
$3.6B
222
24
407
19
Karius
(2014, United States, $254M)
Inflammatix
(2016, United States, $135M)
Prenetics
(2009, China, $67.7M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

37. 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
Fertifa (2019, United Kingdom)
$6.3M - Seed - Jun 2023
Mirza (2020, United Kingdom)
$3.6M - Series A - Aug 2023
Employee Family Benefits
29
37
Back to index
Employee Health IT (Gympass)
(# Cos: 4295 | $25.6B)
Healthcare Benefits Administration (Progyny)
(# Cos: 9 | $552M)
Family Benefits (Maven)
(# Cos: 8 | $550M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$90.0M ( -- )
3( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$550M
8
1
8
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.

38. 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
Rejoni (2020, United States)
$26.3M - Series B - Feb 2023
Guangzhou Langsheng P.. (2003, China)
$14.0M - Series C - Jun 2023
Sprout Pharma.. (2011, United States)
$7.1M - Series D - Apr 2023
CleopatraRx (2019, United States)
$50.0K - Seed - Jul 2023
$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
30
38
Back to index
Women Health (Hologic)
(# Cos: 859 | $8.7B)
Drugs (BioNTech)
(# Cos: 144 | $2.9B)
Reproductive Diseases (Forendo Pharma)
(# Cos: 43 | $655M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$83.8M (▼17.4%)
9(▲50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$655M
32
4
43
5
Forendo Pharma
(2013, Finland, $25.6M)
Sprout Pharmaceuticals
(2011, United States, $105M)
OvaScience
(2011, United States, $77.2M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

39. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Sustainability Tech - Top Business Models Report
Recent Funding Rounds
Mill (2020, United States)
$70.0M - Series C - Sep 2023
Weifulai Technology (2013, China)
$8.4M - Series B - Jun 2023
Sepura (2019, Canada)
$3.7M - Seed - Apr 2023
Smart Solid Waste Bins
31
39
Back to index
Solid Waste Management Tech (Crusoe)
(# Cos: 1958 | $12.2B)
Collection (AMCS)
(# Cos: 871 | $1.7B)
Smart Bins (Mill)
(# Cos: 74 | $99.2M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$82.1M ( -- )
3( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$99.2M
32
-
74
2
Mill
(2020, United States, $70.0M)
Clean Robotics
(2015, United States, $4.5M)
Bigbelly Solar
(2003, United States, $4.3M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

40. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Sustainability Tech - Top Business Models Report
Recent Funding Rounds
Water Pipeline Monitoring
32
40
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$79.0M ( -- )
4( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
5
$278M
26
-
44
6
Water and Wastewater Management Tech (SUEZ)
(# Cos: 1715 | $4.2B)
Pipeline (Genrobotic Innovations)
(# Cos: 106 | $440M)
Monitoring (Wint)
(# Cos: 98 | $384M)
Water (GHGSat)
(# Cos: 44 | $278M)
GHGSat
(2011, Canada, $145M)
Wint
(2011, United States, $50.0M)
Rezatec
(2012, United Kingdom, $17.1M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
GHGSat (2011, Canada)
$44.0M - Series C - Sep 2023
Wint (2011, United States)
$35.0M - Series C - Aug 2023
Voda (2017, United States)
Undisclosed - Series A - Sep 2023
Aganova (2008, Spain)
Undisclosed - Seed - Nov 2022

41. 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
dcbel (2015, Canada)
$50.0M - Series B - Aug 2023
Mobility House (2009, Germany)
$50.0M - Series C - Nov 2022
myenergi (2016, United Kingdom)
$36.8M - Series C - Oct 2023
SparkCharge (2014, United States)
$29.0M - Series B - Dec 2022
Indra (2011, United Kingdom)
$23.9M - Series B - Mar 2023
View all 24 Funding Rounds on Tracxn Platform
Electric Vehicle Charger Manufacturers
33
41
Back to index
Electric Vehicles (Lime)
(# Cos: 10481 | $91.9B)
Charging Solutions (ChargePoint)
(# Cos: 2021 | $8.1B)
Plug in Charging (Wallbox)
(# Cos: 752 | $1.8B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$76.0M (▼50.5%)
24(▼20%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
59
$1.8B
195
8
752
22
Wallbox
(2015, Spain, $70.2M)
FreeWire
(2014, United States, $228M)
myenergi
(2016, United Kingdom, $36.8M)
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
Electric Scooter Manufacturers
34
42
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$68.8M (▼71.3%)
22(▼31.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
12
$3.4B
92
5
450
19
Electric Vehicles (Lime)
(# Cos: 10481 | $91.9B)
Automaker (Tesla)
(# Cos: 4811 | $65.7B)
Two Wheelers (Ultraviolette)
(# Cos: 1022 | $4.5B)
Scooters (Ather Energy)
(# Cos: 450 | $3.4B)
Ather Energy
(2013, India, $445M)
Ampere Vehicles
(2008, India, $229M)
Ola Electric
(2017, India, $1.3B)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Ola Electric (2017, India)
$140M - Series D - Sep 2023
$300M - Series D - May 2023
One Moto (2018, United Arab Emirates)
$150M - Series D - Jan 2023
Ather Energy (2013, India)
$109M - Series F - Sep 2023
ALVA (2021, Indonesia)
$50.0M - Series B - Aug 2023
Ray Electric Motors (2019, Spain)
$21.0M - Series A - Dec 2022
Simple Energy (2019, India)
$20.0M - Series A - Feb 2023
View all 22 Funding Rounds on Tracxn Platform

43. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Sustainability Tech - Top Business Models Report
Recent Funding Rounds
Electrical Aircraft
35
43
Back to index
Aerospace Tech (Thales)
(# Cos: 793 | $5.6B)
Electric Aircraft (ideaForge)
(# Cos: 243 | $3.4B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$67.6M ( -- )
17( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
12
$3.4B
85
6
243
14
ideaForge
(2007, India, $46.6M)
Joby Aviation
(2009, United States, $690M)
ZeroAvia
(2017, United States, $206M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Bee Flights (2022, India)
$36.3M - Series C - Dec 2022
VoltAero (2018, France)
$31.7M - Series B - Nov 2022
Jetson (2017, Sweden)
$15.0M - Seed - Oct 2023
TCab Tech (2021)
$14.7M - Seed - Feb 2023
Bye Aerospace (2007, United States)
$14.0M - Series C - Nov 2022
Mayman Aerosp.. (2016, United States)
$3.0M - Seed - Feb 2023
BluJ Aero (2022, India)
$2.3M - Seed - Jun 2023
View all 17 Funding Rounds on Tracxn Platform

44. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Sustainability Tech - Top Business Models Report
Recent Funding Rounds
Biological Wastewater Treatment
36
44
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$62.6M ( -- )
3( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$109M
17
-
30
3
Water and Wastewater Management Tech (Ecozen
Solutions)
(# Cos: 1715 | $4.2B)
Water Treatment (Solugen)
(# Cos: 336 | $1.8B)
Commercial (SUEZ)
(# Cos: 246 | $907M)
Advanced Microbial (Cambrian
Innovation)
(# Cos: 30 | $109M)
Cambrian Innovation
(2006, United States, $37.0M)
SuperBAC
(1995, Brazil, $62.6M)
Ossus Biorenewables
(2017, India, $2.4M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
SuperBAC (1995, Brazil)
$62.6M - Unattributed - Jul 2023
Ossus Biorenewables (2017, India)
$2.4M - Seed - Apr 2023
Saikesaisi Hydrogen .. (1993, China)
Undisclosed - Series B - Jul 2023

45. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Sustainability Tech - Top Business Models Report
Recent Funding Rounds
Commercial Building Energy
Management
37
45
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$55.5M (▼72.4%)
6(▼40%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
35
$626M
145
6
580
10
Energy Efficiency Tech (Octopus Energy)
(# Cos: 6976 | $24.9B)
Energy Monitoring System (Sense)
(# Cos: 1122 | $1.5B)
Building Monitoring (myenergi)
(# Cos: 960 | $1.0B)
Commercial (AppFolio)
(# Cos: 580 | $626M)
AppFolio
(2006, United States, $30.0M)
Dude Solutions
(1999, United States, $100M)
Bellrock
(1995, United Kingdom, $23.4M)
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
Verdigris (2011, United States)
$10.0M - Series B - Aug 2023
Audette (2018, Canada)
$9.5M - Seed - Nov 2022
Viboo (2021, Switzerland)
$1.7M - Seed - Sep 2023
Ampotech (2015, Singapore)
$1.3M - Seed - Feb 2023

46. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Sustainability Tech - Top Business Models Report
Recent Funding Rounds
MycoWorks (2013, United States)
$37.1M - Series C - Jun 2023
Rubi (2020, United States)
$8.7M - Seed - Mar 2023
Werewool (2018, United States)
$3.7M - Seed - May 2023
Refiberd (2020, United States)
$3.4M - Seed - Aug 2023
$2.0M - Seed - Dec 2022
BioFluff (2021, Italy)
$2.5M - Seed - Oct 2023
Circular Syst.. (2017, United States)
$1.8M - Series A - Nov 2022
View all 15 Funding Rounds on Tracxn Platform
Sustainable Fabrics
38
46
Back to index
Advanced Materials (Metamaterial)
(# Cos: 1864 | $13.4B)
Textile (HeiQ)
(# Cos: 179 | $1.6B)
Sustainable Fabrics (MycoWorks)
(# Cos: 177 | $1.6B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$54.8M ( -- )
15( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
7
$1.6B
90
3
177
17
MycoWorks
(2013, United States, $225M)
HeiQ
(2005, Switzerland)
Bolt Threads
(2009, United States, $214M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

47. 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
39
47
Back to index
Women Health (Hologic)
(# Cos: 859 | $8.7B)
In Vitro Diagnostic Tests (BillionToOne)
(# Cos: 147 | $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)
BillionToOne
(2015, United States, $280M)
Progenity
(2011, United States, $217M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

48. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Sustainability Tech - Top Business Models Report
Recent Funding Rounds
Industrial Energy Management
40
48
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$52.2M ( -- )
6( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
53
$1.4B
147
11
378
20
Energy Efficiency Tech (Octopus Energy)
(# Cos: 6976 | $24.9B)
Energy Management System (SmartRent)
(# Cos: 3029 | $9.1B)
Building Automation Systems
(Alarm.com)
(# Cos: 1999 | $6.3B)
IEMS (Vertiv)
(# Cos: 378 | $1.4B)
Vertiv
(1946, United States)
Asetek
(1997, Denmark, $34.0M)
Schneider Electric
(1836, France)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Sensor Fact (2016, Netherlands)
$28.1M - Series C - Jul 2023
Everactive (2012, United States)
$18.7M - Series C - Nov 2022
ZeroPoint Technologies (2016, Sweden)
$3.4M - Seed - Feb 2023
Probus (2017, India)
$3.0M - Series A - Mar 2023
Faradai (2017, United Kingdom)
$2.4M - Seed - Nov 2022
QScale (2000, Canada)
Undisclosed - Seed - May 2023

49. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Sustainability Tech - Top Business Models Report
Recent Funding Rounds
Affordable Housing Developers
41
49
Back to index
Affordable Housing (India Shelter Finance Corporation)
(# Cos: 4749 | $2.0B)
Developers (Great Places)
(# Cos: 3533 | $676M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$50.5M (▼59.1%)
6(▼25%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
49
$676M
121
6
3533
2
Great Places
(1972, United Kingdom, $24.8M)
Planet Smart City
(2015, United Kingdom, $245M)
Cottage
(2015, United States, $20.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Homz (2020, United States)
$50.0M - Seed - Mar 2023
Vector Housing (2020, United Kingdom)
$547K - Seed - Mar 2023
Renexus (2015, Japan)
Undisclosed - Seed - Aug 2023
Stilt Studios (2019, Indonesia)
Undisclosed - Seed - Oct 2023
NeoLiv (2023, India)
Undisclosed - Seed - Jun 2023
amatec-corp.com (2018, Russia)
Undisclosed - Seed - Jul 2023

50. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Sustainability Tech - Top Business Models Report
Recent Funding Rounds
CropX (2013, Israel)
$30.0M - Series C - Apr 2023
Ecozen Solutions (2010, India)
$10.0M - Series C - Dec 2022
Surface Water.. (2022, United States)
$5.8M - Series A - Mar 2023
Viridix (2017, Israel)
$4.1M - Series A - Apr 2023
ID Water (2017, Taiwan)
$3.0M - Series A - Dec 2022
Agros (2019, Singapore)
$2.7M - Seed - Mar 2023
Khethworks (2016, India)
$124K - Seed - Nov 2022
View all 9 Funding Rounds on Tracxn Platform
Smart Farm Irrigation Systems
42
50
Back to index
Water and Wastewater Management Tech (SUEZ)
(# Cos: 1715 | $4.2B)
Smart Irrigation (CropX)
(# Cos: 179 | $277M)
Farming (Ecozen Solutions)
(# Cos: 81 | $217M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$48.6M ( -- )
9( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
7
$217M
33
-
81
7
Ecozen Solutions
(2010, India, $33.6M)
CropX
(2013, Israel, $51.4M)
HydroPoint
(2002, United States, $75.9M)
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
Kindbody (2018, United States)
$25.0M - Series D - May 2023
$100M - Series D - Mar 2023
Peppy (2018, United Kingdom)
$45.0M - Series B - Jan 2023
Adora (2021, United Kingdom)
Undisclosed - Seed - Jul 2023
Health Services for Working Women
43
51
Back to index
Employee Health IT (Gympass)
(# Cos: 4295 | $25.6B)
Tech Enabled Services (Peppy)
(# Cos: 23 | $475M)
Women Health (Kindbody)
(# Cos: 21 | $461M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$45.0M ( -- )
4( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$461M
11
-
21
2
Kindbody
(2018, United States, $315M)
Peppy
(2018, United Kingdom, $56.3M)
Syrona Health
(2018, United Kingdom, $125K)
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
Industrial Emissions Monitoring
44
52
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$44.0M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$275M
7
-
10
3
Air Pollution Management Tech (iRobot)
(# Cos: 2423 | $13.4B)
Emission Management (Daphne Technology)
(# Cos: 246 | $975M)
Monitoring (Kayrros)
(# Cos: 60 | $367M)
Industrial Sites (GHGSat)
(# Cos: 10 | $275M)
GHGSat
(2011, Canada, $145M)
Kayrros
(2016, France, $83.9M)
Kairos Aerospace
(2013, United States, $45.1M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
GHGSat (2011, Canada)
$44.0M - Series C - Sep 2023
Aeromon (2014, Finland)
Undisclosed - Seed - Feb 2023

53. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Sustainability Tech - Top Business Models Report
Recent Funding Rounds
myenergi (2016, United Kingdom)
$36.8M - Series C - Oct 2023
Ai-grid Solutions (2004, Japan)
$21.0M - Series B - Aug 2023
Leap (2017, United States)
$12.1M - Series B - Jul 2023
Shifted Energy (2014, United States)
$4.3M - Seed - Mar 2023
Elyos Energy (2023, United Kingdom)
$3.0M - Seed - Oct 2023
Copper Labs (2012, United States)
$1.1M - Series A - May 2023
Equiwatt (2015, United Kingdom)
$727K - Seed - Feb 2023
Demand Response Management
Systems
45
53
Back to index
Smart Grid (Octopus Energy)
(# Cos: 2357 | $12.2B)
Utility Management (Arcadia)
(# Cos: 733 | $2.7B)
Demand Response Management
(myenergi)
(# Cos: 164 | $1.0B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$37.9M (▼82.6%)
7(▼30%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
34
$1.0B
78
4
164
9
myenergi
(2016, United Kingdom, $36.8M)
Leap
(2017, United States, $53.8M)
Enernoc
(2001, United States, $7.8M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

54. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Sustainability Tech - Top Business Models Report
Recent Funding Rounds
Supply Chain Planning
46
54
Back to index
SCM Software (Bizongo)
(# Cos: 5084 | $26.0B)
Operations Planning (Apkudo)
(# Cos: 1 | $75.0M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$37.5M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$75.0M
1
-
1
1
Apkudo
(2011, United States, $75.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Apkudo (2011, United States)
$37.5M - Series C - Feb 2023

55. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Sustainability Tech - Top Business Models Report
Recent Funding Rounds
NLP in Banking
47
55
Back to index
Natural Language Processing (Otter.ai)
(# Cos: 2960 | $29.2B)
BFSI (SESAMm)
(# Cos: 1 | $54.3M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$37.1M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$54.3M
1
-
1
1
SESAMm
(2014, France, $54.3M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
SESAMm (2014, France)
$37.1M - Series B - Mar 2023

56. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Sustainability Tech - Top Business Models Report
Recent Funding Rounds
Ecovative (2007, United States)
$31.7M - Series E - Jun 2023
Woodoo (2000, France)
$31.0M - Series B - Apr 2023
3D BioFibR (2020, Canada)
$3.5M - Seed - Jul 2023
PDA Ecolab (2020, France)
Undisclosed - Seed - Jan 2023
Bio Composite Materials
48
56
Back to index
Advanced Materials (Metamaterial)
(# Cos: 1864 | $13.4B)
Biomaterials (Renewcell)
(# Cos: 331 | $2.8B)
Bio Composites (Ecovative)
(# Cos: 37 | $467M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$35.3M ( -- )
4( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$467M
24
1
37
7
Ecovative
(2007, United States, $120M)
Renewcell
(2012, Sweden, $11.0M)
Bcomp
(2003, Switzerland, $38.3M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

57. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Sustainability Tech - Top Business Models Report
Recent Funding Rounds
Electric Vehicle Battery Swapping
49
57
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$35.2M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$144M
13
-
22
4
Electric Vehicles (Lime)
(# Cos: 10481 | $91.9B)
Charging Solutions (Wallbox)
(# Cos: 2021 | $8.1B)
Station Network (ChargePoint)
(# Cos: 921 | $5.2B)
Battery Swapping (SUN Mobility)
(# Cos: 49 | $296M)
Multi Category Vehicles (Battery
Smart)
(# Cos: 22 | $144M)
Battery Smart
(2019, India, $74.0M)
SUN Mobility
(2017, India, $50.0M)
Esmito
(2018, India, $1.4M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Battery Smart (2019, India)
$33.0M - Series A - Jul 2023
Swobbee (2016, Germany)
$2.2M - Series A - Apr 2023

58. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Sustainability Tech - Top Business Models Report
Recent Funding Rounds
Electric Motorcycle Manufacturers
50
58
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$34.5M ( -- )
14( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$919M
77
2
241
12
Electric Vehicles (Lime)
(# Cos: 10481 | $91.9B)
Automaker (Tesla)
(# Cos: 4811 | $65.7B)
Two Wheelers (Ather Energy)
(# Cos: 1022 | $4.5B)
Motorcycles (Ultraviolette)
(# Cos: 241 | $919M)
Ultraviolette
(2016, India, $63.7M)
Damon
(2017, Canada, $65.5M)
Zero Motorcycles
(2006, United States, $454M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
MAKA (2022, Indonesia)
$37.6M - Seed - Jul 2023
Ultraviolette (2016, India)
$24.0M - Series D - Nov 2022
ION Mobility (2019, Singapore)
$18.7M - Series A - Feb 2023
Neo (2023, United Arab Emirates)
$10.0M - Seed - Oct 2023
Dat Bike (2018, Vietnam)
$8.0M - Series B - Nov 2022
Scorpio Electric (2017, Singapore)
$6.8M - Series B - Jan 2023
Verge Motorcycles (2018, Estonia)
$5.3M - Series A - Feb 2023
View all 14 Funding Rounds on Tracxn Platform

59. Sustainability Tech - Top Business Models Report Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
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60. Sustainability Tech - Top Business Models Report Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
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