Elemental Aims to Pump $43 Million Into Climate Startups With ‘Deep Community Impact’
By Harri Weber
Elemental Excelerator, a nonprofit investor in climate-tech startups including BlocPower and ChargerHelp, says it’s “doubling down” in the wake of Silicon Valley Bank‘s collapse.
Elemental intends to pump $43 million more into climate-tech startups — $13 million of which will be set aside for its twelfth accelerator program, beginning in October. The investor hasn’t secured all of the money yet; it is “in the process of raising the funds,” a spokesperson told TechCrunch.
Source: TechCrunch (link opens in a new window)
- Energy, Environment, Technology
- climate change, startups