Photo illustration: Allie Carl/Axios. Photo: Courtesy of Up.Partners
"Impact investing is not for the faint of heart," Adam Grosser tells Axios. After 22 years in the sector, he would know.
Why he matters: Grosser is chairman and managing partners of Up.Partners, an early-stage VC based in Santa Monica Airport. It closed a $230 million fund last year.
The firm was a lead investor in Range Energy, the company Axios profiled this week that's building electric-powered trailers.
"The time constant in climate tech is long, and often inconsistent with traditional fund imperatives," Grosser says. "Success requires innovation on both new products and services, but also financial instruments.
