Elemental aims to pump $43M into climate startups with ‘deep community impact’
https://techcrunch.com/2023/03/17/elemental-aims-to-pump-43m-into-climate-startups-with-deep-community-impact/
Elemental Excelerator, a nonprofit investor in climate-tech startups including BlocPower and ChargerHelp, says it’s “doubling down” in the wake of Silicon Valley Bank‘s collapse.
Elemental intends to pump $43 million more into climate-tech startups — $13 million of which will be set aside for its twelfth accelerator program, beginning in October. The investor hasn’t secured all of the money yet; it is “in the process of raising the funds,” a spokesperson told TechCrunch.