Prelude Ventures

Major Customer Announcement! 🇧🇷 ✈️ We are thrilled to reveal that Pyka has signed a landmark commercial agreement with SLC Agrícola S.A., one of Brazil's largest agricultural producers, for the delivery of our fully autonomous and 100% electric crop protection aircraft, Pelican Spray! This partnership marks a significant customer addition for Pyka as we further our entrance into one of the world's largest agricultural markets. SLC Agrícola will now begin integrating Pelican Spray into their fleet with the aim of enhancing operational efficiency, reducing chemical use, and lowering carbon emissions. 🌍💡 We're proud to welcome SLC Agrícola into Pyka's family of customers and excited to support their farming and sustainability goals with our technology. 🔗 Read the press release: https://lnkd.in/gvJK9wtg #FlyPyka #Agriculture #Sustainability #Innovation #ElectricAircraft #Pyka #PelicanSpray #AutonomousTechnology #Agribusiness #Brazil

We’re excited to share our great results coming out from studies with the University of New England (AU)! Methane yield was slashed by 81 per cent when trial cattle had access to water troughs dosed with our methane reducing livestock supplements, indicating a new tool is emerging to help cattle farmers who rely on grazing production systems to lower their methane emissions. Trial results also demonstrated a 95 per cent reduction in methane yield for cattle receiving a feedlot ration with our oil formulation. Delivery of our water-based formulation to cattle through water troughs opens opportunities to reduce methane emissions from cattle in either remote, rangeland operations, or those with few animal handling touch points, such as pasture/grass-based cattle production systems. There are currently no methane-reducing additives commercially available for the large global population of cattle grazing grass, so this result from water-based delivery is truly exciting! Full announcement in the comments ⬇️ #AgTech #Methane #Climate #Livestock 

Exciting News! Understory has successfully closed an oversubscribed $15 million Series A funding round, a significant milestone that propels our mission to protect climate-vulnerable industries from severe weather risks in the global renewable energy sector. The round is co-led by True Ventures and Prelude Ventures – strongly supporting our vision and growth potential. Thank you to our incredible investors for supporting us as we built a unique way to crack the code on climate risks. Your trust and partnership are invaluable as we continue to innovate and grow. With the infusion of this funding, we are poised to bring our proprietary risk mitigation technology to the renewable energy industry. Our Dealers Open Lot insurance solution has already made a significant impact, insuring over 1,000 rooftops nationwide and reducing claim trends by 60%. We are confident that we can replicate this success in the renewable energy sector, having already mitigated hail damage for both industries by over $65m! A big shout out to my co-founders, Neil B J Irwin and Bryan Dow, for their incredible dedication to this journey. I am incredibly excited about what we’ve created together and can’t wait to see where this rocketship takes us! Together, we are poised to restore and enhance insurance in a volatile global risk environment. Read more on TechCrunch: https://lnkd.in/gpat833V #Insurance #RenewableEnergy #ClimateRisk #SeriesAFunding #Understory

Today is a huge day for Xcimer! We just announced that we’ve raised $100 million in a Series A round to fund our mission to bring inertial fusion to the energy grid - so the world gains a clean, safe, and abundant power source. We couldn’t ask for a better team of investors. The oversubscribed round was led by Hedosophia, with participation from investors including: Breakthrough Energy Lowercarbon Capital Prelude Ventures Emerson Collective Gigascale Capital Starlight Ventures Learn about our technology and how we’ll use these funds in our press release and our new website. https://lnkd.in/gAi93qpj #climatetech #fusionenergy #cleanenergy #fusion

These are the ideas changing the world in 2024. For Fast Company’s World Changing Ideas Awards this year, we saw hundreds of projects tackling climate change, from Boston Metal's efforts to green the steel industry to the first fully recycled concrete building in the world from Holcim. We have honorees working to make things like credit scores (Esusu) and public restrooms (Momentum Refresh) equitable. There are projects that created a support system for veterans (ReflexAI), and a certification to support student-parents in college (Generation Hope). Yes, the world can seem bleak at times. But read through the 50 winners and hundreds of honorees, and you’ll be inspired by the ideas and people that make the world more accessible, equitable, and sustainable for everyone. Read the full list: https://bit.ly/4dytPSp #FCWorldChangingIdeas

Pyka and SNC have partnered to offer Pelican Cargo to the U.S. Department of Defense. Together, we’ve introduced RUMRUNNER, a modified edition of Pelican Cargo for contested logistics and a technology game-changer for zero-fuel military sustainment operations. We’re proud to make our all-electric platform's heavy payload and long-range capabilities available to the U.S. DoD and are delighted to partner with SNC, an industry leader in contested logistics solutions. ➡ Read the full story: https://lnkd.in/gVyB9_Mj ➡ Watch the video: https://lnkd.in/ggtpH8k5 Sierra Nevada Corporation | United States Department of Defense | #FlyPyka #ContestedLogistics #ElectricAircraft | Zero Motorcycles Inc.

We're extremely proud to announce that Terafab, our construction automation solution for large-scale solar, was awarded GOLD 🥇 at the 2024 Edison Awards. Congratulations to our exceptional team, whose dedication and hard work have made this achievement possible. 🎉 We extend our heartfelt gratitude to the judges for acknowledging the transformative potential of Terafab and the critical importance of innovative solutions in addressing the urgent need for renewable energy. Terafab revolutionizes the way solar farms are built, enabling faster, more efficient, and cost-effective construction. Our groundbreaking technology is designed to accelerate the global transition to clean energy and help meet the ambitious Terawatt-scale solar targets necessary for a sustainable future. Watch a video of Terafab in action here: https://lnkd.in/g5fGeYGv