Winter 2023: Gradient Visits the White House & More
See the latest highlights from Prime's portfolio companies. To find out more about our entire portfolio, visit investments page.
Carbon Reform, which is developing modular carbon capture systems for commercial buildings to reduce CO2 and contaminant levels internally while saving energy costs, won the Demo Day competition at the BuiltWorlds Venture East 2023 conference. They also won Technical.ly's 2023 Tech Company of the year.
Axios highlighted Charm Industrial's plan to double its Colorado workforce by the end of 2024. Charm sequesters carbon emissions via bio-oil.
C-Motive, the company developing electrostatic drive motors for electric vehicle applications, announced an investment from Rockwell Automation. In November, C-Motive unveiled its groundbreaking motor technology platform at the Rockwell Automation Fair.
Gradient, the company building a climate-friendly hybrid heating and cooling unit to push the building sector towards zero carbon, recently participated in White House Demo Day. The event showcased science and technology resulting from infrastructure investments. The Biden-Harris Administration selected Gradient as one of nine companies to receive an historic $169M to accelerate electric heat pump manufacturing.
Lilac Solutions, which is working on scaling up lithium supply for the electric era, was mentioned in a piece by IEEE Spectrum regarding the potential of lithium extraction to double production while reducing environmental damage.
The low-carbon cement company Sublime Systems was recognized as a climate tech company to watch by Technology Review. Furthermore, the company's CEO, Dr. Leah Ellis, testified before the Senate Environment and Public Works Committee regarding industrial decarbonization opportunities, as covered by Business Wire.
Shoppe Black featured Tynt Technologies, which is developing smart tinting windows for the residential market, and highlighted their role in redefining the function of windows in sustainable homes.
Wright Electric, the company bringing zero-emissions flight down to the same cost as running a fossil-fueled fleet, and Axter Aerospace successfully conducted the maiden flights of their hybrid-electric crop duster aircraft, showcasing a combined shaft horsepower of 800 kW. This accomplishment demonstrates their commitment to transforming aviation and establishing a new benchmark for environmentally responsible operations, as covered by Aviation News, Aviation Week, Yahoo Finance, Business Wire, and more.