👀Q2 2024: another strong quarter for EU cleantech venture investment 👀
Last quarter, Q2 2.4 billion euros in equity were invested across 161 cleantech deals. Debt rounds fell from the historical record observed in Q1, but show early promise of stabilizing at a level higher than previous years.
Against this backdrop, a new political cycle is starting in the EU. In June, Europeans elected a new European Parliament, which reconfirmed Ursula von der Leyen at the helm of the European Commission. In her speech as a candidate for a second mandate, President Von der Leyen reaffirmed her ambition for the future of cleantech to be “made in Europe”. But as global competition accelerates, success will require an unprecedented effort to turn our technological edge into industrial leadership. In short, it’s time to scale!
Read our latest Quarterly Briefing to learn more about:
📈 Investment news from the cleantech ecosystem
🏛️ The next Commission’s priorities, such as a Clean Industrial Deal, and the political guidelines for the new mandate
🔋 A deep-dive into the battery recycling sector, with a profile of the innovator cylib
🤝 Top cleantech deals this quarter, including new funds by ETF Partners, GET Fund, Seaya, Vsquared Ventures, Wind and fresh capital for Black Semiconductor, CargoBeamer, John Cockerill, HYSETCO, Salzgitter AG, Valeo, and Verkor
To realise Europe’s cleantech potential, extraordinary effort is needed – from creating strong demand signals to facilitating access to abundant, affordable clean energy for clean industry. It will also require Europe to wake up to the new realities of global trade, and take measures to enact a level-playing field between European manufacturers and importers. Most of all, it will require a step-change in how we finance clean technologies, which face an investment gap in the hundreds of billions by 2030.