Category: Breakthrough Energy Ventures
Heart Aerospace raises $35M Series A, lands order with United and Mesa Airlines for 200 aircraft
Swedish electric aviation startup Heart Aerospace has received its biggest order to date: 200 of its inaugural ES-19 electric aircraft from aviation giant United Airlines and its regional airline partner Mesa Air Group. The deal, which includes an option of purchasing up to 100 additional aircraft, was announced together with…
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Geothermal startups get another boost from Chevron as the oil giant backs a geothermal project developer
The U.S.-based oil major Chevron is doubling down on its investment in geothermal power by investing in a Swedish developer of low-temperature geothermal and heat power projects called Baseload Capital. Oil companies are under pressure to find new lines of business as the world prepares for a massive shift to…
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After raising $150 million in equity and debt, Nature’s Fynd opens its fungus food for pre-orders
Nature’s Fynd, the food technology company with a new food offering cultivated from fungus found in the wilds of Yellowstone National Park, is releasing its first products for pre-order. Pitching both a non-dairy cream cheese and meatless breakfast patties, Nature’s Fynd had managed to attract some serious investors including Al…
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LanzaJet inks deal with British Airways for 7500 tons of fuel low emission fuel additive per year
LanzaJet, the renewable jet fuel startup spun out from the longtime renewable and synthetic fuel manufacturer, LanzaTech, has inked a supply agreement with British Airways to supply the company with at least 7500 tons of fuel additive per yer. The deal marks the second agreement between the UK-based airline and…
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Nuclear fusion tech developer General Fusion now has Shopify and Amazon founders backing it
In a brief announcement today, the Canadian nuclear fusion technology developer General Fusion announced that the investment firm created by Shopify founder Tobias Lütke has joined the company’s cap table. The size of the investment made by Lütke’s Thistledown Capital was not disclosed, but with the addition, General Fusion has…
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Looking to decarbonize the metal industry, Bill Gates-backed Boston Metal raises $50 million
Steel production accounts for roughly 8 percent of the emissions that contribute to global climate change. It is one of the industries that sits at the foundation of the modern economy and is one of the most resistant to decarbonization. As nations around the world race to reduce their environmental…
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