Climate-tech startups specializing in carbon and emissions technologies raised a record $7.6 billion in VC funding in Q3 of 2023. Todd Khozein, CEO of SecondMuse, noted in an article by PitchBook might have also been fueled by legacy automobile companies’ shift toward electric vehicles.
Climate-tech startups raised a record amount in Q3 2023, driven by significant investments in sectors like green hydrogen and battery recycling. Todd Khozein, CEO of SecondMuse, spoke with PitchBook on the “inevitable scale-up” in battery technology, influenced by the automotive industry’s shift to electric vehicles. He emphasized that this transition is a key factor in driving growth across climate-tech sectors.
