Agriculture & Food 

The Every Company, developer of animal-free protein products such as eggs using genetically modified yeast in a fermentation process, raised $175 million in growth equity from McWin, Rage Capital, Temasek Holdings, Wheatsheaf Investments, TO Ventures Food and Prosus Ventures. The company reports vast reduction in water and land usage, as well as fewer greenhouse gas emissions as compared to animal-derived protein. Funding will go towards scaling production capabilities, commercializing products and expanding throughout the United States. 

Energy & Power 

Svolt, a battery manufacturer, raised $942 million in Series B from Han’s Laser, Sichuan Energy Investment, Xingyu Co, China Mobile Capital, CDH Investments, Industrial Bank (China), PreIPO Capital Partners, PICC Capital and Taikang Asset. Funding to go towards developing new technologies, and the construction of a manufacturing base and headquarters management center. The company is aiming for 600GWh of annual battery capacity by 2025, and has struck partnership agreements to build bases in multiple cities in China.  

Materials & Chemicals 

UBQ Materials, producer of thermoplastics from residual municipal solid waste, has raised $170 million in growth equity from TPG Rise, Battery Ventures, M&G Investments and other investors. Reportedly, unsorted waste can be converted to a plastic substitute, which can be used both as is or mixed with other resins using UBQ’ undisclosed patented process. Funding to go towards global expansion and continued research and development. The company is also building a large-scale plant in the Netherlands, to be operational by the end of 2022. 

Resources & Environment 

Seenons, developer of platform to match waste types with the correct processors to optimize recycling, raised $6.7 million in seed funding from Tablomonto and CapitalT. The company offers sustainable waste collection services using an app and a pay-per-pickup business model. The waste is then sorted and matched with processing companies to turn it into new products. The start-up aims to expand throughout Netherlands, Luxembourg and Belgium, and further develop its waste identification technology. 

Transportation & Logistics 

Robotic Research, developer of autonomous driving systems and robotics software, secured $228 million in Series A funding from SoftBank Vision Fund, Enlightenment Capital, Crescent Cove Advisors, Henry Crown and Lumina. The company is building out its commercial operations, having researched and developed autonomy solutions for the U.S Department of Defense. Robotic Research offers a full-stack autonomy solution with added sensors for determining structures in motion and from 2D images.