It’s nearly the end of the year but there are plenty of new deals in cleantech.
Ranging across the board from safe water treatment facilities to truck-hailing technologies, from high-performance materials for power turbines to drones spraying crops without damaging soils, we have it covered.
Agriculture & Food
Rantizo, the developer of a drone-based agrichemical spraying technology with integrated software, raised $7.5 million Series A funding in a round led by Leaps By Bayer. Other investors include Fall Line Capital, Innova Memphis, Lewis and Clark Ventures, KZValve and Sukup Manufacturing. Offered as technology-as-a-service to independent contractors, the solution allows for crop surveillance and efficient spraying without damaging the soil.
Energy & Power
Aurora Solar, the provider of a cloud-based platform that enables solar engineering design and supports operations and customer acquisition for solar installers, financiers and utilities, raised $50 million in a Series B round led by Iconiq Capital, with Energize Ventures, Fifth Wall and Pear VC. The digital software reduces the soft costs of a solar installation. Funding will support further product and sales growth.
Materials & Chemicals
Free Form Fibers, the supplier of pure fibers and powders for next-generation composites, secured a $2.5 million seed funding round led by Manchester Management. The investment will be used to increase production capacity using its patented Rapid Laser-assisted Chemical Vapor Deposition process. The high-performance fibers have various applications in power turbine parts, space vehicles and embedded sensors, among others.
Resources & Environment
HPnow, the developer of modular, electrochemical, hydrogen peroxide generation used for safe and sustainable water treatment, raised $6 million in Series B funding from AP Ventures and Evonik Venture Capital. The hydrogen peroxide (made from water, air and electricity) breaks down into pure water and oxygen after utilization. The autonomous on-site production reduces transportation and storage costs.
Transportation & Logistics
Manbang, the developer of truck-hailing technologies, raised $1.7 billion in growth equity from YF Capital, Tencent, SoftBank, Sequoia Capital China, Permira, Lightspeed China Partners, Hillhouse Capital, GGV Capital, Fidelity Investments and Baillie Gifford. The domestic freight service platform uses big data to match cargo to vehicles. Funding will be used for product and service development.