At One Ventures

What is halo.car and how does it work? Anand Nandakumar says his startup is not building yet another self-driving car company. Instead, Halo wants to bring teleoperated cars to markets where renting vehicles is big business. Why? Simpler car delivery and pick-up without the tricky issues of cars getting stuck or lost due to software errors. First available in Las Vegas, Halo is a bet that teleoperation will provide a long-term bridge between human, and computer-driven cars.

The last 15 seconds from Tom Chi's answer to the question about #greenpremium... Where he explained that it's about compelling unit economics: You find the deep tech that crashes the cost of production by more than 3X the margin of a particular industry. For example, at a 20% margin you'd need to crash cost of production by 60%. And then what happens in the end... 🚨 spoiler alert "[Equity-level] return typically comes with equity level risk, but if you find the deep tech that crashes that unit economic barrier, by that much [gestures], you can execute and get to exits at equity-level outcomes with debt-level risk, and that's how you beat the whole market." Watch the video for the final mic drop.

Opening program for the inaugural Bloomberg Live Green Festival in Seattle featuring the "Ones to Watch" in climate leadership... Quick capture of some moments including the panel with Ben Schuler of Infinitum, Dr. Julie Pullen of Propeller and Tom Chi of At One Ventures, moderated by Michelle Ma of Bloomberg News. #BBGGreenFestival #OnestoWatch #ClimateLeaders

Who needs Direct Air Capture when Beavers 🦫 will do the work for us? 200 beavers CO2 removal = world's largest DAC plant love this! from Tom Chi At One Ventures GreenBiz Group #GreenFin

I recently sat down with on the sidelines of #GreenFin24 to talk with Tom Chi, Founding Partner of venture capital firm At One Ventures, about how to unlock financial flows for #nature and transform heavy polluting industries into environmentally friendly ones through early-stage disruptive deep tech. In the #ESGInsider podcast episode, I also talk with Jane "Carter" Ingram Ingram, Managing Director at nature and climate change investment and advisory firm Pollination, about the evolving #NatureFinance landscape and how to unlock financial flows for nature and #biodiversity. 🎧 Listen now to the full episode here: https://lnkd.in/eK4TnmVH 🦋Learn more about S&P Global Sustainable1's Nature & Biodiversity Risk dataset here: https://lnkd.in/e6tpsQf4 #NatureFinance #NaturePositive #SustainableIndustries #ESGInsider #SustainableFinance #ESG #NatureRisk  #NaturePositive #SustainableFinance #ESG #DisruptiveTechnologies Lindsey Hall

In this week's edition of The Economist, our Entrepreneur-in-Residence Tony Moses reacts to their piece on "how lab-grown meat became part of America’s culture wars." Conservatives’ beef American Republicans want to maintain control over food supplies and are opposed to lab-grown meat, you said (The Economist explains, June 3rd). America may just end up importing the meat alternative instead of growing it. The Netherlands, Singapore, South Korea and the United Arab Emirates are world leaders in lab-grown meat, thanks to favourable regulations and incentives, while regulatory approvals in America have ground to a halt. This threatens American food security and innovation. Lab-grown meat has to achieve technical milestones for regulatory approval through the Food and Drug Administration, which is unusual for a food product. Unlike the drugs industry, cultivated-meat startups operate on lean budgets with little cash to spend on R&D, large-scale facilities, lobbyists or long product-development timelines. To protect food security and innovation, the FDA must be allowed to remain science-driven, collaborative, and with a predictable path to regulatory approval. Otherwise investment will dry up and the industry will die, and not at the hands of cattle ranchers and red-state governors. DR TONY MOSES Entrepreneur in residence At One Ventures Omaha, Nebraska

Of all the changes we are making to the planet, it is the changes to biodiversity which are the most practically irreversible, explains Tom Chi in our series on Air, Water, Soil and Biodiversity. Unlike ice caps which can melt and eventually refreeze. As we extinct the species of planet Earth, there is not a reverse button. Each organism is like a book in the biological library of Alexandria, and we are currently overseeing a bonfire – with the current extinction rate estimated at roughly 1000X the natural extinction rate we see from the fossil record. The industries that drive the most biodiversity loss in land are the ones that drive the most land use change: agriculture, big infrastructure, and mining. This is especially acute when the changes are focused in highly biodiversity regions, for example, the spread of palm oil plantations, soy farming, and fossil fuel, timber and mining exploitation in the world’s rainforests. In the oceans, we are facing a biodiversity crisis driven by the warming and acidification that comes from higher CO2 levels. We are on track to extinct coral reefs from planet Earth by the year 2055, which will extinguish 25% of all ocean biodiversity at once. Overfishing, trawling, and even noise pollution are driving further damage to the healthy function of those ecosystems. The life that is part of our planet is the richest legacy we have been gifted, and to pass on only crumbs to future generations is a profound failing and disconnect from the basic goals of a civilization. It’s time to turn the corner as we are in the few decades where most of the results will be decided. We’ve already seen a 70% reduction in wildlife planet-wide over the last 50 years, and it means so much of the fate of life on earth will be based on what we do in the next 50 years. It’s time.

As many of you gear up to depart for a 4th of July bonanza (or other upcoming summer holiday) remember this about destinations, both real and imaginary: “How often I found where I should be going only by setting out for somewhere else.” – R. Buckminster Fuller Buckminster Fuller Institute In this month's #climatetech #founder newsletter: 🎪 Climate and tech industry event wrap-up 🗞️ Portfolio companies making news 🔋 Welcome to Relectrify, our latest investment 📼 Roll the tape on the Founder One recap #LCAW2024 #funding #hacksummit #deeptechweek # #battery #energystorage #awards #fastcompany #foodandwine #founderone #videos

Throughout Earth’s history, the composition of the atmosphere has been foundational to Earth’s suitability for life, writes Tom Chi. We see the too-thin atmosphere of Mars and too-thick atmosphere of Venus as cautionary examples where runaway atmospheric processes have created inhospitable planets of once promising places. In previous instantiations of our own atmosphere, the lack of an ozone layer prevented any life on land for billions of years. Fluctuations in Carbon Dioxide levels have driven periods where Earth’s surface fully froze over (iceball Earth), as well as periods where our planet had no ice caps at all (hothouse Earth). Given this varied history, why are we so concerned at this moment? First off, many of these changes took place over thousands to millions of years, giving life more time to adapt. Even with a longer grace period, these events drove mass extinctions which took life millions to tens of millions of years to recover from. Changing the climate at a rapid pace is a risky proposition to most of life on Earth – including us. Secondly, the runaway process that is destabilizing Earth this time is one that we created. This gives us a huge amount of agency over the outcome. What to focus on (emissions mix): ▸ 26% Food and Agriculture (Nitrous Oxide, Methane, Carbon Dioxide) ▸ 25% Electricity Generation (Carbon Dioxide, Methane) ▸ 21% Industrial Process Heat (Carbon Dioxide, Methane) ▸ 14% Transportation (Carbon Dioxide) ▸ 6% HVAC & Refrigerants (F-Gases, Carbon Dioxide) ▸ 8% Other Within Food and Agriculture, the key area of focus is around protein production. Meat and Dairy uses over 77% of the land used for food production while providing only 18% of the calories in the global food system. Within Electricity Generation, Wind and Solar have been making good strides, but we will also need baseload and grid storage to grow at appropriate pace. Within Industrial Process Heat, materials like Steel, Cement, Aluminum, Glass, and Paper need to be produced with far lower emissions. The energy density of batteries make them suitable for cars and light trucks, which could address roughly half the emissions from the transportation sector, but aircraft and other larger vehicles will take more time as batteries don’t perform in the right order of magnitude relative to energy density per kg and energy density per volume. Lastly, refrigerants need to be addressed with lower impact refrigerants and devices that are able to make use of them. The changes span a couple dozen industries, so even though the work is extensive, it is not unbridgeable. We are finding solutions every day that bring down industrial emissions dramatically – sometimes greater than 90%. Beyond being less emitting, using less energy to achieve the same industrial outcomes saves money and will allow the industrial players that adopt these technologies first to set the tone and pace for their industries going forward.

Sharing a #climatetech nugget from Esther Whieldon’s interview with Tom Chi last week… Conducted on the same day as his keynote on #deeptech #climate solutions at GreenBiz Group #GreenFin. Listen to the full episode from S&P Global’s #ESG Insider podcast here: 🎧Apple https://lnkd.in/gTnUkGjK 🎧Spotify https://lnkd.in/e5Z93Syp