![]() □ Superpedestrian, a Cambridge, MA-based startup using AI programming to power ultra-safe scooters, raised $125m in Series C funding from Antara Capital, the Sony Innovation Fund, FM Capital, Spark Capital, General Catalyst, and the Citi Impact Fund. More public equity investor pressure on legacy companies helps create more potential buyers for innovative climate tech down the road. The 33 corporates in NETZ’s portfolio will need new climate technologies to reach their emissions reduction goals - and are already some of the most acquisitive (Schneider, Deere, Trane) and biggest R&D big spenders. ![]() Why spill ink on a public ETF in a newsletter literally titled Climate Tech VC? Legacy companies’ transitions open the door for new, innovative startups. NETZ sees upside in the transformative hefty balance sheets and developed supply chains of companies like GM, Occidental, and Deere, and isn’t afraid to get their hands dirty with active engagement and proxy voting to promote climate progress. Transform Climate takes a markedly different approach to climate ETF portfolio construction versus the heavy emphasis on young, renewable clean energy stocks that most existing climate ETFs take. ![]() 1 Transform Climate ETF holdings as of, ordered by % of net assets invested (market value $933m) and rounded to the nearest %. NETZ’s portfolio includes 33 companies from some of the heaviest emitting industries (energy, agriculture, transportation) with significant potential and demonstrated commitment to decarbonize. The new exchange-traded fund (ETF) trades under a nifty ticker (NETZ) and invests in legacy companies profiting from the energy transition. 1 is back on track with a public market play to drive decarbonization: Transform Climate. 1 chugs along the Net Zero trackīest known as the upstart activist hedge fund that claimed three Exxon board seats for climate-forward directors, Engine No.
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