update desk

Record new investments in Israeli climate tech in 2021

$2.2 billion were invested this year in climate-mitigating technologies, 57 percent higher than the 2020 record.

Wind turbines in the Golan Heights, March 8, 2007. Photo by Nati Shohat/Flash90.
Wind turbines in the Golan Heights, March 8, 2007. Photo by Nati Shohat/Flash90.

Investments in Israeli climate tech companies reached an all-time high in 2021.

“By the end of the 2021, the annual investments in Israeli climate tech companies reached $2.2 billion, exceeding last year’s fundraising record of $1.4 billion by 57 percent,” said Uriel Klar, director of PLANETech, a joint venture of the nonprofit Israel Innovation Institute and the Consensus Business Group.

The trend highlights how blue-and-white businesses from a variety of verticals are devoted to finding solutions for a more sustainable world.

“Israel is a global leader in climate tech, with 1,200 companies — 637 of them startups — that help reduce greenhouse gas emissions in Israel and around the world,” said Klar.

The four highest funding rounds were achieved by startups from different fields:

1. Future Meat raised $347 million in Series B funding round for the development of its sustainable cultivated meat technology.

2. Wiliot raised $200 million to improve supply chain footprint via battery-free sensors.

3. UBQ Materials raised $170 million to convert household trash into climate-positive thermoplastic.

4. Via raised $130 million to promote an advanced digital platform for shared transportation.

“In addition, SolarEdge has become the first Israeli company to enter the S&P 500 index and Tomorrow.io is going public on NASDAQ with a $1.2 billion valuation,” Klahr said.

He noted that capital raising for global climate tech companies reached a peak of $87.5 billion between June 2020 and June 2021, an increase of 210% from the previous year, according to PwC.

This article was first published by Israel21c

You have read 3 articles this month.
Register to receive full access to JNS.

Just before you scroll on...

Israel is at war.

JNS is combating the stream of misinformation on Israel with real, honest and factual reporting. In order to deliver this in-depth, unbiased coverage of Israel and the Jewish world, we rely on readers like you.

The support you provide allows our journalists to deliver the truth, free from bias and hidden agendas. Can we count on your support?

Every contribution, big or small, helps JNS.org remain a trusted source of news you can rely on.

Become a part of our mission by donating today
Topics
Comments
Thank you. You are a loyal JNS Reader.
You have read more than 10 articles this month.
Please register for full access to continue reading and post comments.
Never miss a thing
Get the best stories faster with JNS breaking news updates