Hello,

We’re excited to welcome the March edition of Greenbackers Spotlight, our member’s newsletter! Every month we’ll be featuring “investment ready” deals across cleantech for your review. New fundraise for this month:

• E-boost (Germany)- revolutionises mobility with ultra-light, silent electric motorcycles designed for urban riders, off-road enthusiasts, and special forces seeking stealth, agility, and high performance. Raising £810k Seed.

Welcome to March “Spotlight,” your monthly window into the world of Climate and Cleantech investments, courtesy of Greenbackers Investment Capital.

Europe’s €100bn “Clean Industrial Deal” emerges as a direct response to US competition, aiming to transform climate ambition into investment by streamlining regulations and offering financial incentives. The centrepiece Industrial Decarbonisation Bank could unlock €400bn for decarbonisation startups.

This regulatory push comes at a critical moment as climate “whiplash” – extreme swings between wet and dry conditions now affecting 17 major cities – opens growing markets for adaptation technologies in water management and resilient infrastructure.

Against this backdrop of climate urgency, Trump’s policy reversals have European investors surprisingly optimistic. The situation serves as a “welcome wake-up call” for European innovation. The continent’s startup gap with the US has narrowed from 25% to 7%, with increased US talent + capital now flowing toward European climate ventures.

This transatlantic shift coincides with new capital sources emerging. In the ME, The Arab Energy Fund’s $120M partnership with Hartree Partners targets venture-stage technologies across the US and Europe, diversifying the funding landscape.

Despite these positive signals, structural challenges still persist. VC expectations of rapid growth often clash with sustainability solutions’ longer maturation cycles. This fundamental tension requires innovation through blended finance models, catalytic capital, and metrics balancing financial returns with environmental impact. At Greenbackers we are working to bridge this gap and through the Cohort section below, we continue to connect legitimate ventures with the right investors in this evolving landscape.

Updates on Greenbackers Current Cohort

🚗 RBW (Patented electric vehicle conversion technology for classic and sports cars, Raising £6M-12M Series B) Opening a factory in Virginia to handcraft iconic sports cars, with build time averaging 500 hours per vehicle. (more)
Upcoming: May 1 – Exclusive “arrive and drive event” showcasing the facility, vehicles and systems behind RBW EV Cars. A rare opportunity to experience the best of genuine British Automative engineering.

🪲 FlyBox (Insect-based waste management solutions, £850k sales, £4M grants, seeking £1M, EIS Approved) Showcasing Insect Waste Management™ (IWM) technology at MYGroup’s Black Soldier Fly farm and insect processing facility in partnership with letsrecycle.com, demonstrating scalable, sustainable, and profitable waste solutions. (more)

❄️ Camfridge (Solid-state cooling technology, Raising £2.5M+ Seed, EIS approved, soft lead commitment secured) Alessandro Pastore pitched at the Climatetech Innovation Across Markets event in New York, thanks to Innovate UK, Greentown Labs, Urban Future Lab and NYU Tandon School of Engineering. (more)

🌉 Horizon Bridge (Offshore wind cable monitoring, bridging technology and insurance, Raising £2m Seed) In-house simulations demonstrate their real-time subsea cable and pipeline solutions can detect impact incidents, pinpointing exact moment, location, and specific failure mode of anchor drags—even if a vessel’s AIS is switched off, providing crucial forensic evidence. (more)

〰 Inyanga MEG (Turn-key tidal energy solutions for offshore renewables, Closing £5m Series B) Inyanga selected for The SHINES project to overcome investment barriers hindering sector development. This €10 million ($11 million) project, is co-financed by Interreg North-West Europe. (more)

🔋 Inition (Electrode production technology to make battery production more profitable and sustainable, £5m Series A) Inition has strengthened its leadership by adding two high-profile advisors. They are launching a new project to develop the world’s highest energy density battery for subsea and drone applications.

🔧 NEOL Copper (Innovative lubricants to stop wear and efficiency loss in machinery, Raising £5m Series A, SEIS & EIS approved) Patent granted: NEOL has received a letter from the UK Intellectual Property Office confirming a patent will be granted for its proprietary lubricant additive composition (CuGlideTM).

⚡ OOMPH EV (Electric vehicle charging solutions, Raising £1m Seed, EIS approved) Showcased at India Energy Week in Delhi as part of the UK Pavilion, discussing their instant DC EV charging infrastructure with industry leaders including Ed Miliband. The Energy Catapult and ITES program has supported Oomph’s expansion into India. (more)

🌊 Sundew (Biological solutions for aquatic ecosystems, Raising £4.5M Series A, EIS pre-assurance in process) Funded by Mote Marine Laboratory & Aquarium to combat Florida Red Tides, developing natural solutions for hazardous algal blooms using Sundew’s expertise in marine microbial extracts to tackle blooms caused by Karenia brevis. (more)

🏗️ Hemspan (Bio-based construction technology using hemp-based building systems, Raising £4-5M Series A, EIS approved) Aligns with UK government’s newly unveiled Timber in Construction Roadmap, promoting sustainable building practices to reduce carbon footprint. (more)

💼 Qualus (Sustainable leather processing technology, EIS approved) closed their bridge round and is imminently preparing to launch their Series A funding round.

Let Greenbackers know if you’d like more info or an intro to any founders – their detailed profiles can be viewed on our online showcase here.

Greenbackers Updates

Future Events: Meet Us & Our Ventures

• Daysix x Greenbackers Podcast series coming up – watch this space!

• Apr 3: Net Zero Innovators 2025 Andrew Smith will be speaking at the conference on the 3rd of April 2025 to discuss Energy Markets.

• May 1: Exclusive “arrive and drive event” showcasing the facility, vehicles and systems behind RBW EV Cars. A rare opportunity to experience the best of genuine British Automative engineering.

• July 2: Hold the date! Greenbackers next Investment Showcase at Sustainable Ventures, London.

We will be back again next month with more deals and a climate tech news, in the meantime feel free to reply or reach out to us on LinkedIn.

Robert Hokin, Andrew Smith, Mark Hannigan, Annika Borrmann & Anton Themen.