The group of green rhinos in Europe is expanding rapidly. there electronics refurbishment back market, The most valuable startup in France, Climeworkswhich recently raised the largest-ever investment for a carbon capture startup, and a host of other climate technologies that have garnered more than $1 billion in valuations.
And now there’s a whole new batch of “Sonicorns,” getting closer to their ten-figure ratings.
We’ve used data from Dealroom to compile a list of the 10 most important climate technologies in Europe coming soon. Each company was founded in 2005 or later, and has raised its most recent rounds in 2020 or later. They have estimates ranging between $400 million and $990 million.
So, who are the rising climate technology stars? And who will be the next to reach a billion dollars?
what: The real estate industry’s SaaS platform for measuring sustainability metrics
Latest Rating: $660 to $990 million (dealing room estimate)
Deepki, founded in 2014, wants to help the real estate industry reduce its environmental impact. It’s an important task – the World Bank estimates that the industry needs to reduce CO2 emissions 36% by 2030 To help keep the world within two degrees Celsius of warming.
Deepki helps companies collect and aggregate data on sustainability metrics: carbon emissions, water and energy use and waste, as well as other ESG metrics. It tries to automate the process as much as possible, using APIs and web scraping tools.
Deepki raised a $166 million Series C round in March of this year, led by Highland Europe and One Peak Partners.
what: insect breeding
Latest Rating: $625 million (dealing room estimate)
Ÿnsect is Europe’s best funded start-up in insect farming. Launched in 2011, it produces mealworms on vertical farms. It has two locations, in France and the Netherlands, and another is under construction. Ÿnsect insects are used to produce ingredients for feeding pets, plants and fish, as well as developing Sports Nutrition Products for human consumption.
Ÿnsect has raised $425 million to date, including $372 million in Series C in 2020.
what: insect breeding
Latest Rating: $616 million – $924 million (dealing room estimate)
InnovaFeed is another start-up in the field of insect breeding – also based in Paris, which is quickly becoming the insect capital of Europe. The company, launched in 2016, works on protein products made from black soldier flies. Her focus is on pet nutrition and aquaculture.
InnovaFeed’s latest funding was a €140 million debt and equity round in November 2020, led by Creadev and Temasek.
go to share
what: Common electric vehicles
Latest Rating: $605 million (dealing room estimate)
Go Sharing operates a fleet of bicycles, electric scooters and cars for hire across Europe. It’s live across the Netherlands, Austria, Turkey, Germany and Italy, and has raised $66 million in funding so far, including a €50 million round from Opportunity Partners in April of last year.
what: Electrolysis solutions for renewable hydrogen production
Latest Rating: $600 million (dealing room estimate)
Europe is betting on it hydrogen energy To remove carbon from industries that are difficult to mitigate such as steel production, and even to power vehicles and heat homes. The transition will need a lot of hydrogen, so startups like Sunfire are ramping up production capacity. It is important that the hydrogen used is produced using renewable energy – Sunfire’s electrolysis technology does just that.
The company is one of the largest funded start-ups in the hydrogen production sector in Europe. It has raised $163 million so far.
what: Carbon recovery from organic waste
Latest Rating: $592 million (dealing room estimate)
Perpetual Next recovers carbon from organic waste and turns it into biochar, which has the same properties as fossil coal and could serve as a replacement. Perpetual Next technology has been used at a biochar plant in Estonia, which began construction in 2020. The team aims to remove one gigatonne of carbon dioxide from the atmosphere by 2050. Perpetual has raised its Series A at an undisclosed number.
what: electric bikes
Latest Rating: $512 million – $768 million (dealing room estimate)
Lift Dutch ebike brand VanMoof $128 million Series C The tour is at the end of last year, making it the world’s best funded ebike company. It produces two models of bicycles aimed at urban commuters. The electric bike market is expanding at a rapid pace – ebikes now represent 17% of all bikes Sold in Holland and Germany.
VanMoof’s latest round was led by Asian private equity firm Hillhouse Investment.
what: Used electronics market
Latest Rating: $496 million – $744 million (dealing room estimate)
Finnish startup Swappie operates a market for refurbished smartphones. Smartphones are expected to generate 146 million tons of carbon dioxide emissions in 2022 – 83% of which will come from manufacturing, shipping and the first year of use.
There is a whole host of used electronics markets, including the French unicorn back market. Swappie could be the next rhino in the strip raised 108 million euros in category C In February this year.
what: electric trucks
Latest Rating: $490 million (dealing room estimate)
The competition in the electric truck industry is heating up. Volta Trucks is working on a 16-ton electric truck that will be able to drive up to 200 kilometers on a single charge. It plans to present prototypes to customers this year. The company raised 230 million euros in February.
“Our ambition is that it should be easy for someone who doesn’t know how to operate an electric fleet to go from what they know best – managing a diesel fleet – to operating an electric fleet,” founder Carl-Magnus Norden Sift said last year.
what: small nuclear reactors
Latest Rating: $472 million to $708 million (dealing room estimate)
Italian physicist Stefano Bono is behind Newcleo, a British startup developing small nuclear reactors. They target ships and islands as their first customers, and want to move to larger versions of reactors, which could eventually power national grids.
Bono previously worked at CERN, the European nuclear research organization, and then founded Advanced Accelerator Applications, a nuclear medicine company that sold to Novartis for $3.9 billion.
Newcleo has raised $118 million to date.
what: Battery cell production
Latest Rating: $440 to $660 million (dealing room estimate)
The gigfactory battery racing Operating in Europe. Companies across the continent are setting up factories on a large scale to produce the batteries that will power electric vehicles in the green transition. The main competitor of France is Verkor – which is building a huge factory in Dunkirk, in the north of the country. It aims to deliver batteries by 2025 and has entered into a contract with Renault Group. Vercors has raised $110 million to date.
Freya Prati is a reporter for Sifted. She tweets from Tweet embed And writes our newsletter focused on sustainability – You can register here.