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Tuesday, October 31, 2023

Latest Offers – 31 October

Recycling advanced plastics; an app that manages EV charging; decarbonizing rice farming by way of satellite tv for pc information– Latest offers price taking a look at:

Agriculture & Meals

CarbonFarm  (2021) is a supplier of a satellite-based platform permitting rice farmers to quantify and cut back greenhouse gasoline emissions and promote carbon credit.

CarbonFarm’s Collection A funding spherical raised $2.7M on October 25th. This funding will support growth throughout main international rice cultivating areas in Asia, Africa, and South America, furthering CarbonFarm’s purpose to decarbonize rice farming by way of its operations.

Vitality & Energy

Aira (2022) is a developer of energy-efficient warmth pumps.

On October 18th, Aira secured $82.5M in funding to launch its month-to-month cost mannequin to produce warmth pumps to owners throughout Europe. The funding can even be used to broaden its product vary into photo voltaic, dynamic power tariffs and power storage, and develop manufacturing capabilities in Poland.

Lastly, Aira intends to place the funding in the direction of increasing its presence in Europe and lowering reliance on gas-based heating. They’ve launched in each Italy and Germany with plans to enter the UK market in late 2023.

Supplies & Chemical substances

Montinutra (2018) is a producer of high-value merchandise from forest business aspect streams.

On October 26th, Montinutra secured seed funding of $2.1M to speed up worldwide growth, advance its design processes, and introduce new merchandise to market. By this progress, Montinutra goals to earn €100M in income by 2035.

Montinutra can even put funding in the direction of advancing the event of its industrial demo manufacturing plant, which it goals to finish by 2026.

Assets & Setting

Recyc’Elit (2019) is a developer of proprietary expertise that breaks down textile and plastic waste to recuperate monomers.

On October 27th, Recyc’Elit raised $3.4M to industrialize its operations and providers. This features a patented course of to recycle advanced PET waste by way of selective depolymerization to protect the integrity of the unique fibres. This course of can break down textiles of assorted colors and origins.

Transportation & Logistics

Flexcharging (2017) is a developer of an app to assist drivers and utility companions handle and perceive electrical car charging. By its app, Flexcharging helps present and potential electrical car house owners to realize entry to charging networks and incentives. It incorporates grid demand metrics to handle power era and steadiness present grid networks.

Flexcharging raised $500K in debt funding on October 19th through a regulatory submitting.

Enabling Applied sciences

Rhizome (2023) is a developer of a SaaS platform that measures the influence of infrastructure initiatives.

Rhizome’s seed funding spherical on October 25th raised $2.5M that will likely be put in the direction of constructing out its software program to make use of collected information concerning excessive climate occasions to foretell grid resiliency.

This funding coincides with the Bipartisan Infrastructure Legislation, by way of which $65B will likely be invested into strengthening and modernizing the U.S. grid.

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