The Series B financing was led by Parkwalk Advisors and BGF to support the commercial scale-up of power transistors.
"CGD is poised to become one of the leaders in enabling a sustainable world. As we move to a net-zero carbon society with rapidly increasing levels of electrification, we need clean, renewable sources of electricity and more efficient conversion methods. GaN provides the optimum conversion solution, reducing power losses by more than 50% and increasing energy conversion efficiency to above 99%. To take just one application example, if all data centres were to adopt GaN, this would save 12.4TWh of electricity per year, or 9 million tons of CO2 – the equivalent of taking 1.9 million internal combustion engines vehicles off the road for a year *. Our ICeGaN™ GaN transistors – which are now in the hands of customers at scale – are amongst the most efficient devices of their type on the market. Our devices are also the easiest for designers to use."
TSP Ventures has led a seed funding round into Wastewater Fuels to support the development of microbial electrolysis technology.
"We are over the moon to have TSP Ventures join our journey. The guidance we’ve received from Chris, Mike and team has helped shape our vision for Wastewater Fuels and set solid foundations for rapid technology exploitation. Our goal now is to deliver the promise of MEC technology – zero emission hydrogen, produced adjacent to where the need for clean energy is greatest; and net energy positive wastewater treatment. Our researchers and engineers are building hundreds of prototypes that push the frontier of energy efficient fuel creation and wastewater treatment. We foresee our modular and scalable system changing the world for the better, from lowering utility and fuel bills, to reducing the spread of disease and fighting climate change."
The Copenhagen-based electric vehicle platform will use the capital to enter North America and develop new grid management services.
"We are aiming to fully digitalise the EV ecosystem to tackle all the immediate challenges within the industry and build toward a more transparent and flexible future. By partnering with hardware OEMs, we can deliver new features straight out of the box, like our new feature that allows operators to set a percentage on top of the spot price in order to follow the market fluctuations and automatically offer a fair price for charging,"
The pre-seed round was led by Atlantic Labs to support the construction of a prototype recycling facility.
"We need to act now and build a scalable and robust battery recycling process. At tozero, we’re committed to challenging the status quo of the material life-cycle to accelerate decarbonisation. This will allow us to enter the electrification era without worries, continue innovation and increase quality of life without compromising"
