Overview
Climate change is one of the most threatening crises of our time, and the world is in urgent need of technology innovation to halt dangerously progressing global warming.
In this report, we deep dive into the climate tech ecosystem to explore key players, analyse venture funding statistics, and identify sector trends we are likely to see in 2021.
Key takeaways
- Climate tech is a $2.4 trillion market and encompasses a broad set of sectors with core focus on Earth decarbonisation.
- Over $75 billion of venture capital was invested into climate tech startups between 2015–2020, and nearly $20 billion in 2020 alone.
- Electric vehicle makers and EV infrastructure companies attract the most VC funding, followed by clean energy.
- The vast majority of venture capital goes to the US and China, but Europe is catching up very quickly.
- Exits in 2020 were dominated by SPACs, and the boom is set to continue in 2021.
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