Elemental Excelerator, the non-profit investor in climate-tech startups including BlocPower and ChargerHelp, has announced investing US$43 million in climate technologies.
The first allocated US$13 million will be for its coming program in October.
The remaining US$33 million will be invested in three to six scale-up projects.
The investor says that the startup-run projects must present solutions for greenhouse gas cuts and has a positive community impact.
Elemental added that it is targeting broad projects, not only technology, but it can cover electric vehicles, energy storage, recycling tech, cement decarbonization, seaweed cultivation, and composting.
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