Climate tech's summer love from VCs
Climate tech companies drove six of the top 10 deals in Q3 global venture capital.
Why it matters: VCs see green in this sector even as the economic headwinds gather speed.
Driving the news: CB Insights issued its latest global "State of Venture" report. Northvolt, a Swedish battery maker, led the list. Among the others:
- TeraWatt, a San Francisco-based EV charging infrastructure company
- TerraPower, a Washington-based nuclear energy developer backed by Bill Gates
- Black Sesame, a China-based software developer whose products include vehicle-to-everything charging technology.
Of note: Within the climate-tech category, batteries, advanced nuclear energy, EVs, renewables, manufacturing and SaaS are attracting the most money, according to CB Insights.