Piva Capital

🌞 It's officially summer at Piva Capital, and that means welcoming a fresh batch of aspiring venture capitalists to our Summer Associates Program (SAP)! Now in its fifth year, the program is designed to empower and educate the next generation of investors. We are thrilled to introduce our three incredible new associates: Bharti Singhla, Leon Tong, and Sebastian Startz. Each of them brings unique insights and enthusiasm to our team, and they're eager to dive deep into the venture ecosystem. 💡 Get to know more about Bharti, Leon, and Sebastian and why they are excited to participate in Piva's SAP by reading our latest blog post ⇩

Today our portfolio company INERATEC announced a collaboration with Chile's premier fuel distributor COPEC S.A. This partnership aims to construct and operate a Power-to-Liquid plant in Chile, set to produce 3,500 tons of e-Fuels annually. This venture will not only meet local demands but also position Chile as a global hub for renewable fuel production. Tim Boeltken, CEO of INERATEC, shared: "Our collaboration with COPEC is a pivotal step in scaling up the production and availability of e-Fuels globally. COPEC’s infrastructure and market reach in Chile provide a robust foundation for this initiative. Together, we are set to drive a significant shift towards sustainable energy solutions in the mobility sector, aligning with global carbon reduction goals." Read more here ⬇️

Big news from our portfolio company, Oobli! They have partnered with food manufacturer Grupo Bimbo have partnered up to bring Oobli's sweet proteins to Grupo Bimbo baked-good products later this year or early next year. More here in Food-Navigator ⬇️

🌍🌱 Why Piva Capital Invested in INERATEC In our quest for carbon-neutral goals, industries like aviation, shipping, road transport, and chemicals are turning to renewable alternatives. The global e-fuels market is projected to grow at a CAGR of 19.0% from 2023 to 2050, highlighting the urgent need for sustainable solutions. 🔋 Why E-Fuels? Imagine synthetic fuels from recycled CO2 and renewable energy that seamlessly integrate with conventional fuels without engine modifications. These high-quality e-fuels offer stable prices and modular production in optimal global locations. At Piva, we're tackling the world's biggest challenges, including decarbonizing hard-to-abate sectors. This commitment led us to lead the $129 million Series B funding round in German company INERATEC. ⚙️ Scalable and Compliant Solutions INERATEC 's patented technology converts CO2 and hydrogen into synthesis gas, then into liquid and solid hydrocarbons. Their e-fuels meet industry standards for sectors heavily reliant on fossil fuels, offering a carbon-neutral solution due to carbon recycling. Since 2016, INERATEC has built numerous pilot plants, engaged with over 30 customers, and is constructing a plant in Frankfurt Höchst to produce up to 2,500 tons of sustainable e-fuels annually. 🌟 A Stellar Team The INERATEC management team, including Tim Boeltken, Philipp Engelkamp, Ingo Katz, and Caspar Schuchmann, brings extensive industry knowledge and expertise. Their commitment to the company's mission and focused execution have solidified our confidence in their ability to drive critical technology to market. 🚀 Farewell to the Fossil Age We’re proud to support Tim and his team at INERATEC, poised to lead the shift from fossil crude oil and drive the future of transportation and energy. With 4,000 million tons of fossil crude oil processed annually, INERATEC's innovative solutions promise a sustainable future. Read more here in our medium post:

🚀 Big News from our portfolio company Pyka Today the company introduced RUMRUNNER: the game-changing collaboration between Pyka and SIERRANEVADA to reshape military logistics. 🌟

🚀 Recap from Our Recent AI Happy Hour and Panel Discussion! 🌍 Last month, Piva Capital teamed up with Prelude Ventures to host an event at our offices centered on the transformative potential of #AI in industry, with a focus on environmental sustainability. It was a pleasure to host an incredible group of founders, investors, and industry experts for this informative discussion.🌟 Check out our blog post here ⬇️ to learn more!

📢  Check out a recent interview by Pulse 2.0, featuring two of our talented investors, Jillian Noel and Claire Yun. ✨ In this conversation, they dive deep into their personal journeys, from starting their careers in finance and consulting to discovering a passion for investing in climate tech. 🌳 Read the full interview to learn about some of our success stories, our focus on industries shaping the future, and what sets Piva Capital apart from others in the space ⬇️ 

What a morning at SF Climate Week! 🚀 🌍 Thank you to everyone who joined us for our #SFClimateWeek breakfast event yesterday. Held at our offices, it was a fantastic gathering of operators and investors across the capital stack. The networking breakfast that followed was filled with thoughtful conversations and connections, truly embodying the spirit of innovation and collaboration. A big thank you to our moderator Reed Albergotti, Tech Editor at Semafor, and panelists Michael Norcia, CEO of Pyka and Oliver Gunasekara, CEO of Impossible Metals Inc. for their insightful discussion and for sharing their expertise on electrifcation and automation. These discussions are vital as we navigate the complexities of electrification and automation in our quest for sustainable advancement. Thank you again to everyone who made this event and SF Climate Week a great success. Your participation and enthusiasm make all the difference. #SFClimateWeek #Innovation #Sustainability #Electrification #Automation

Check out our portfolio company, Pyka, featured on NPR's Here and Now yesterday! ✈️✈️✈️

📢 Our Managing Partner, Mark Gudiksen, was featured in this morning’s Axios Pro Climate Deals 🌍 newsletter. In his Q&A with Katie Fehrenbacher, Mark discussed the burgeoning potential of mining natural hydrogen, an untapped yet promising area of the green energy market, and what he thinks will be the biggest news in climate tech investing this year. 🌐 Read more here ⬇️