Enveloped climate technology a strong third quarter, hitting three of the top four equity deals, including a giant deal $1 billion Series A raised by fleet charging startup TeraWatt.
While the broader market may be cooling, climate technology continues to be a hot ticketwith higher investment figures for top deals in Q3 two quarters ago this year. In total, five climate tech startups made CB Insights’ top 10 equity deals in Q3, raising a total of $3.7 billion. That’s far ahead of the previous quarter’s $2.5 billion for the top eight startups and the first quarter’s $1.4 billion for the top five.
Investments in leading climate technology also continue to diversify, showing how deeply it is engaging the economy.