Despite the tech startup funding landscape appearinggloomier than in many years, there are a few potential bright spots.
Long-term climate targets in Europe and beyond are creating new opportunities for cleantechdevelopersand investors.
While there may be a recent dip in activity,fundinghas practically catapulted in the past couple of years.
And there are significant amounts of money being thrown at the problem.
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The majority 70% of European climate tech investment stems, thus far, from local investors.
Instead, theyre approaching some of the largest existing markets and reinventing them with sustainable alternatives.
However,energy storagetechnologies,including batteries, are seeing the highest levels of investment.
VC and private equity flows fell 12.8% in Q1 compared to the rolling four-quarter average.
Story byLinnea Ahlgren
Linnea is the senior editor at TNW, having joined in April 2023.
Dabbles in gaming and fitness wearables.
But first, coffee.
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