Hello,

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

• Caldera – developing renewable-powered Storage Boilers using volcanic rock and recycled aluminum, providing scalable heat storage for industrial processes. Their technology reduces carbon emissions and energy costs, with a £96 billion market potential. (£10m Series A, EIS approved)

• Neol Copper Technologies – extends machinery wear and improves energy inefficiency across industries like transportation, mining and energy generation. Their sustainable, copper-based lubricants provide superior durability and efficiency, replacing harmful traditional additives such as SAPS & ZDDP (£5m Series A, EIS approved)

• Oomph EV Power – designs off-grid EV chargers, providing flexible and scalable solutions for remote areas, fleet operators, and emergency situations. With proven technology and a strong sales pipeline, Oomph is set to transform EV infrastructure globally. (£1m Seed Round, EIS approved)

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

Remember the heady days after COP26? As Robert mentions in the video, it seemed like anyone with a deck and a dream could raise millions for their “game-changing” climate solution.

Now we’re shifting focus towards projects that deliver both environmental impact and economic viability. Each month, Greenbackers will showcase hot new deals and update you on current opportunities, aligning with our mission to make a real dent in climate challenges.

For a deeper dive into these exciting opportunities, visit Greenbackers Investment Showcase. It’s our online deal room where you can scout and engage with the latest investable cleantech innovations shaping our future.

Updates on Greenbackers Current Cohort

🗑️ Danu Robotics Ltd (AI-driven robotic waste management systems for efficient recycling, Raising £2m Seed, EIS) appeared on Rubbish Talk podcast. Their innovative technology continues to transform the recycling industry by improving sorting efficiency and reducing operational costs. (more here)

🧪 Sonichem’s (Innovative Bio-Based Chemicals, Raising £2.5m EIS) Miranda Lindsay-Fynn graduated from the Shott Scale Up Accelerator bu the Royal Academy of Engineering Enterprise Hub. (more here)

🌊 Gazelle Wind Power (Offshore wind floating platforms) featured on Enlit’s podcast, highlighting their progress in advancing offshore wind energy solutions.

🚌 KleanDrive (Converting diesel buses to electric) announced a £1M investment from FirstGroup. This investment is validation from a major industry player. FirstGroup sees what we’ve known all along: the future of clean transport isn’t just about new vehicles, it’s about cleverly upgrading what we already have. (more here)

🚤 Ecomar Propulsion (High-performance electric & hybrid marine propulsion systems, Raising £2m Seed, SEIS & EIS) Produced and delivered a hydrogen hybrid electric workboat to Exeter Port Authority. Powered by two 250kW Ecomar Kairos motors and holds 180kWh of Li Ion Batteries which are supplemented by a 40kW hydrogen fuel cell that extends the range of the vessel considerably; this vessel is 100% carbon zero and is shifting the dial closer to zero carbon freight movements. (more here)

🌉 Horizon Bridge (Offshore wind cable monitoring, bridging technology and insurance, Raising £2m Seed) has been nominated for the prestigious Offshore Wind Gamechanger award at the RenewableUK Global Offshore Wind Awards 2024. Their tech is crucial in maintaining reliability and reducing risks in offshore wind projects. (more here)

🚰 H2C Safety Pipe (Safer, cheaper & retrofittable H2 transportation, Raising £5.8m Seed): Won the Make-It Prize in collaboration with NOV, awarded by the DOE and also secured their 13^th patent which relates to the use of blockchain technology to provide hydrogen provenance tracking on an immutable ledger. The technology will help overcome regulatory & payment challenges in hydrogen as a tradeable commodity. (more here)

〰 Inyanga MEG (Turn-key tidal energy solutions for offshore renewables, Raising £5m Series B) Was recently awarded an additional 10 MW CfD project from AR6 (the largest tidal allocation this round). The Group also completed critical hydrodynamic testing of the passive pitch unit for its patented HydroWing technology — showcasing that with this new system its blade rotors can now scale to twice the swept area, while also providing enhanced protection from adverse conditions such as wave loadings, grid loss and storm surges. These test results mark a major milestone in their mission to deliver low-cost, efficient, and reliable tidal energy arrays. (more here)

🌽 Lambda Agri (Innovative spray coating that increases crop growth) Closed a bridge round to support ongoing large scale growth trials that will produce commercial-scale results of their spectral conversion materials impact on premium crop yield. Lambda also welcomes a new Chief Commercial Officer (CCO), signaling a strategic inflection point towards scaling commercial operations, following key growth trials. (more here)

🛳️ NEOL Copper (Innovative materials for energy efficiency, Raising £5m Series A) featured in the October edition of Lube Magazine an shared a case study featuring a 450-hour field test on a high-speed hydrofoil vessel, which saved £1,470/month per vessel on fuel, showcasing the efficiency of their solutions in the maritime industry. (more here)

⚡ OOMPH EV (Electric vehicle charging solutions, Raising £1m Seed) met with Welch Group to discuss the move to EV adoption across the HGV sector, paving the way for clean, heavy-duty transport. (more here)

🏍️ Verge Motorcycles (Advanced electric motorcycles with in-wheel rim motors, Raising Series A) delivered their first electric motorcycle to a UK customer, marking a significant milestone in their commercial journey. (more here)

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

• 16-18 Oct: Meet Andrew Smith at Blue Earth Summit

• 23 Oct: Meet Robert Hokin, attending Invest to Scale, Showcasing Scotland’s Best Start-ups in Edinburgh.

• 28 Oct: Meet Robert Hokin, who will be attending the GlobalScot Connect event at the EICC, in Edinburgh.

• 29 Oct: Meet Andrew Smith and Anton Themen at Smart Green Shipping’s event in Greenock.

• Greenbackers next big Investment Pitch event is in London in January 2025. Click here to attend as a funder or to apply as a cleantech venture raising funds

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.