Breakthrough Energy Ventures

250 Summer Street, 4TH Floor
Boston, MA 2210

Firm Size

• Assets Under Management (AUM):$3.8 Billion
• Number of Funds:2
• Employees:
• Firm Type:Venture Capital
• Focus Areas: Software & Technology
  Energy
  

Description

Breakthrough Energy Ventures (BEV) is an investment fund based in Boston, Massachusetts. It was established in 2016 with the mission to drive the innovation and deployment of clean energy technologies in order to combat climate change. Led by a group of influential investors, including Bill Gates, Jeff Bezos, and Richard Branson, BEV aims to provide funding and support to entrepreneurial companies that are focused on creating breakthrough solutions in areas such as electricity generation and storage, transportation, agriculture, and industrial processes. BEV's investment strategy focuses on high-risk, high-reward projects that have the potential to significantly reduce greenhouse gas emissions and accelerate the transition to a cleaner, more sustainable energy future. The fund offers not only financial resources but also technical and strategic guidance, as well as access to a network of partners and experts to help the portfolio companies scale their technologies and bring them to market. By investing in innovative clean energy technologies, BEV hopes to solve the daunting challenge of global climate change while also generating attractive financial returns for its investors. The fund actively seeks out companies with cutting-edge ideas, novel approaches, and strong potential for market disruption. Located in Boston, which is known for its vibrant innovation ecosystem and renowned academic institutions, BEV benefits from the region's rich talent pool and entrepreneurial culture. The fund plays a vital role in fostering collaboration between startups, established companies, and research institutions to accelerate the development and commercialization of clean energy technologies. Overall, Breakthrough Energy Ventures in Boston, MA, is a game-changing investment fund that aims to drive the innovation and adoption of clean energy technologies to address climate change, by providing not only financial resources, but also strategic support and access to a network of partners.

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Jun 11, 2024: Carbon neutral foods company Neutral Foods merges with grass-fed dairy milk brand Zeal Creamery


Feb 01, 2024: Heart Aerospace raises $107 million in Series B funding
Swedish hybrid-electric airplane maker Heart Aerospace today announced it raised a total of $107 million in Series B funding, representing another significant stepping stone toward sustainable regional air travel.

Nov 30, 2023: Planetarians Brings Plant-Based Meat to COP28 UAE
Planetarians , a waste-to-food climate tech company , announced today it will bring its nutritious and affordable meats to COP28 UAE at Expo City Dubai , November 30-December 12 , to showcase the potential of creating sustainable proteins from industrial and commercial waste/side streams.

Nov 28, 2023: Graphyte signs first carbon removal purchase agreement with American Airlines 10,000 tons of carbon dioxide removal will be delivered using new Carbon Casting technology
Graphyte, a carbon removal startup backed by Breakthrough Energy Ventures, today announced that American Airlines will be its inaugural customer, with the purchase of 10,000 tons of permanent carbon removal to be delivered in early 2025. 

Nov 13, 2023: GRAPHYTE ANNOUNCES WORLD'S FIRST PERMANENT, AFFORDABLE, AND SCALABLE CARBON REMOVAL SOLUTION
Graphyte, a startup backed by Breakthrough Energy Ventures, today announced a new carbon dioxide removal approach that is permanent, affordable, and immediately scalable. "Carbon Casting" is the first technology that can permanently remove billions of tons of carbon dioxide (CO2) for 1,000+ years at under $100 /ton.

Sep 18, 2023: Airbus, Barclays Sustainable Impact Capital and NEOM co-lead ZeroAvia's latest financing round
  ZeroAvia  today announced that Airbus , Barclays Sustainable Impact Capital and NEOM have co-led the company's latest financing round. 

Aug 30, 2023: Sortera Technologies Closes $30.5 Million in New Funding to Fully Commercialize Its State-of-the-Art Upcycling Facility
Sortera Technologies, Inc.,  an innovative material sorting company with a recycling platform powered by artificial intelligence, data analytics, and advanced sensors, today announced the close of a $30.5 million Series C funding round led by RA Capital Management-Planetary Health with participation from certain funds and accounts advised by T. Rowe Price Associates, Inc., the Mineral Resources Group, which is a part of Mitsubishi Corporation's Business Incubation Unit, and Macquarie GIG Energy Transition Solutions ("MGETS"). Additional existing investors include Assembly Ventures, Breakthrough Energy Ventures, and Chrysalix. This funding will fuel Sortera's growth as a major player in the domestic upcycling space. Additionally, it will help to affirm the company's commitment to solutions that create new upcycling streams, enable a circular economy, and contribute to a more sustainable future.

Aug 16, 2023: Rondo Energy Secures $60 Million from Global Giants and Leading Climate Investors to Speed Industrial Decarbonization
 Rondo Energy, a leading provider of zero-carbon industrial heat and power, has raised $60 million in a new financing planned to speed the rollout of Rondo Heat Batteries (RHBs) worldwide and to transform the global energy storage market. 

Jul 27, 2023: VEIR Energizes First-of-its-Kind Outdoor Demo of New Transmission Technology to Modernize Electric Power Grid, Increase Access to Renewable Energy
VEIR , a clean technology company, today announced it has completed and energized a 100-foot overhead superconductor power line with a novel cooling approach that will help meet the global need for new power transmission. This technical milestone coincides with the company securing an additional $24.9 million in series A-2 funding from investors including Breakthrough Energy Ventures, The Engine Fund, Congruent Ventures, Fine Structure Ventures, Galvanize Climate Solutions, and VXI Capital.

Jul 20, 2023: Aeroseal Secures $67 Million in New Funding
 An innovative solution to the problem of carbon emissions is about to get a lot more funding. Aeroseal , a climate-tech startup with a system to reduce energy leaks to almost zero in some buildings, is receiving a $67 million Series B funding round led by Breakthrough Energy Ventures  and Climate Investment .

Jun 20, 2023: MAGLEV AERO SELECTS GE ADDITIVE'S ADDWORKS FOR BREAKTHROUGH PROPULSION PLATFORM FOR ULTRA-QUIET eVTOLS


Jun 16, 2023: MAGLEV AERO UNVEILS BREAKTHROUGH PROPULSION TECHNOLOGY AT PARIS AIR SHOW, TO SPEAK IN SHOWCASE SESSION AT PARIS AIR MOBILITY


May 15, 2023: Ag tech veteran David Lee becomes CEO and Board Chair of Inevitable Tech, which invents and builds advanced growing systems using AI, plant science and automation -- starting with "Clean Propagation"