Energize Ventures is amped to announce its participation in Volta Charging’s $125 million Series D. This funding brings Volta’s total equity raised to more than $200 million. Goldman Sachs acted as exclusive placement agent to the company in connection with the financing. Energize managing partner John Tough will continue serving on Volta’s board as a director, while principal Tyler Lancaster acts as a board observer.
Electricity will fuel the future
If you — like us — believe electric vehicles (EVs) will dominate the future of transportation, then ubiquitous charging infrastructure is required to power the movement of people and goods. We’ll need EV chargers in parking lots and alongside highways, at businesses, and near supermarkets, stadiums and other places we all frequent. Volta Charging is meeting that need by building a free public electric fueling network “at the places you like to go.” How? Volta monetizes the network with advertising and real estate site partners, increasing the value of parking lot real estate and attracting EV drivers to the stores, shops, businesses and entertainment centers where they go. …
Electrification is a key theme to Energize’s investment thesis. We invest in software and business model innovations, many of which directly contribute solutions towards decarbonization by means of electrification. In this blog series, we’ll explore this critical transition and the technologies driving and enabling it.
In my last post, I argued why we should electrify everything, and power that electricity primarily with zero-carbon solar and wind. …
November 30, 2020
Energize Ventures is thrilled to announce its participation in Aurora Solar’s $50M Series B led by ICONIQ Capital. This funding brings Aurora’s total capital raised to more than $70M. Existing investors Fifth Wall and Pear VC are also participating in the round. Along with this funding, Tyler Lancaster (Principal, Energize Ventures) and Doug Pepper (General Partner, ICONIQ Capital) join Aurora co-founders Christopher Hopper and Samuel Adeyemo alongside existing board member Shvet Jain on Aurora’s board.
Poised for post-pandemic rebuilding
During COVID, Aurora’s value became increasingly clear as growth soared despite challenging economic conditions. In the last six months alone, Aurora completed one million solar design projects, bringing the total number of projects designed using its software to 4 million. Solar companies turned to Aurora to digitally design and sell solar projects to their customers safely and efficiently. Demand for solar stayed remarkably resilient — it serves not only as an option to manage high energy bills, but also to limit air pollution in communities. What’s more, solar continues to be a leading provider of employment opportunities, creating hundreds of thousands of blue-collar jobs and generating revenue for municipalities facing massive budget duress. The resiliency of clean energy — and in particular, solar, battery storage and energy efficiency — throughout the economic downturn underscores its potential to re-catalyze America’s economy as we emerge from the pandemic. …
By: Tyler Lancaster, Principal at Energize Ventures
Electrification is a key theme to Energize’s investment thesis. We invest in software and business model innovations, many of which directly contribute solutions towards decarbonization by means of electrification. This is the inaugural post in a blog series where we’ll explore this critical transition and the technologies driving and enabling it.
Addressing climate change is the existential challenge for our generation — and decarbonizing human activity is an essential first step. How do we get there? Put simply: Electrify everything.
Rewiring America argues that to effectively decarbonize (limiting global temperature rise below 1.5°C, consistent with the Paris Agreement), we must electrify…everything, and power those electrons with renewable energy. What does electrifying everything look like? It’s transitioning to fully electric cars, converting home appliances like heating and air conditioning to electric heat pumps, installing efficient LED lights instead of wasteful incandescent bulbs, and even using electricity to create heat for industrial processes. Powering an electrified world with zero-carbon energy means primarily generating electricity with the sun and wind. …
Energize Ventures is thrilled to lead the $20M Series B investment in Matroid, a category leader in computer vision software. Existing investors NEA and Intel Capital also participated in the round. Energize Managing Partner John Tough joins Matroid founder and CEO Reza Zadeh along with existing board member Pete Sonsini on the company’s board.
Matroid’s platform makes it simple for enterprises to rapidly deploy computer vision solutions to help automate the process of analyzing imagery data. …
September 28, 2020
Today we are excited to announce that Energize portfolio company Awake Security has agreed to join Arista Networks (NYS: ANET), an industry leader in cognitive cloud networking for mission-critical data center and campus environments, to bring best in class security to networks across the globe. We congratulate CEO Rahul Kashyap and the entire Awake team on this milestone.
From our early conversations with Rahul and the Awake team, it has been clear to us that Awake’s technology delivers a critical piece in the modern cybersecurity puzzle: more complex network architectures require advanced network analysis tools to better manage and protect enterprises. …
Can solar lead the way in spurring crucial economic development post-COVID-19? Industry experts in the financing sector believe so — hear their thoughts below.
In July, our portfolio company Aurora Solar hosted its first ever virtual summit dedicated to navigating the unique challenges and possible opportunities amid COVID-19. Energize Principal Tyler Lancaster moderated and participated in the session titled Show Me the Money: Solar Project Financing in a Downturn, featuring experts from Mosaic, Sustainable Capital Finance and kWh Analytics. In this post, we’ll cover the key takeaways shared during our discussion. …
On Friday, June 26, we hosted a webinar to discuss the current challenges and opportunities in utility-scale solar development and construction. We brought together a panel of diverse perspectives across the industry — from renewables providers to drone software companies — to learn how various players in the space are reacting, adapting and innovating in our new world. The discussion was led by Energize Partner Katie McClain and featured input from the following experts:
Energize Ventures leads $10M Series B extension for frontline communication and operations platform
July 13, 2020
Energize is excited to continue fueling the growth of Beekeeper, the first communication and operations platform specifically designed for frontline workers, by leading the company’s $10M Series B extension. We’re proud to be joined in this funding by HighSage Ventures, SwissCanto, Thayer, Swisscom and other existing investors.
Across all sectors of the economy, we’re seeing increased reliance on digital workplace communication and collaboration tools as employees work remotely amidst the COVID-19 pandemic. Frontline workers in essential industries such as energy, manufacturing and hospitality are particularly impacted by this shift. With heightened emphasis on health and safety and managing a highly distributed workforce, employers are being pushed to innovate in their approach to reaching teams, especially those on the frontline who might not have access to more standard corporate communication methods. …
Eighty percent of the global workforce are non-desk workers, yet during a pandemic, these teams remain on the frontlines as their desk-based peers work remotely from home. How do we make sure this employee base is safe, productive and compliant? We believe it starts with digital enablement and the right communication and collaboration tools.
On June 9, 2020, we partnered with workplace communications platform and Energize portfolio company Beekeeper to discuss the importance of resiliency and safety among industrial frontline teams. …