, December 07, 2021

0 results found in this keyword

London, the new capital of Climate tech

  •   2 min reads
London, the new capital of Climate tech

At the same time as COP26, Dealroom and London & Partners published a report about global climate tech investment trends since the Paris Agreement. Concurrently as a global booming of climate tech since last years, London was taking an important position as European capital of these investments.

Globally, 2021 was the best year in terms of climate tech investments. In total, $32 billion were raised all around the world. Europe have also a big role to play in climate tech. Since 2016, after the Paris climate accord, in average, the investments were multiplicated by seven in Europe versus 4,9 in the world.

In addition to that, European investments, which represent eight billion of dollars, are superior to the $4.1 billion of Asian investments in 2021. However, the North America always represents the biggest part with $17 billion of climate tech investment but with a lower evolution.

416 climate tech companies in the capital

In this context, London put itself at the head of Climate tech in Europe. The dealroom’s report explain, “With a thriving climate tech ecosystem, London is home to 416 climate tech companies, more than any other European city”. This huge number of start-up allow bringing the investments to more than $1 billion. According to the report, “London is one of the driving forces behind Europe’s rapid growth in climate tech”. More than the number of companies, their values were exploding last year to reach to $28 billion, more than the addition of the last five years values.

According to the report of London & Partners and Dealroom, most of the investments concern  transportation, energy, and circular economy solutions. Three important areas, which represent the most of carbon emission in the world. Focus on it can allow a true impact on climate change, especially for transportation

A lot of different company

Most of these brands are really new. One of them is Arrival, a British company which designs and make electric and sustainable van.

The brand explain, “we’re facing a drastic climate and ecological crisis that needs transformative solutions. This is the time for radical impact. Clean cities mean low carbon emissions and reduced air pollution. Our products are designed to be circular, so they last longer and can be repaired, reused and recycled.

Arrival is one of the most valuable of the 416 climate tech companies, with $8.3 billion.

Another also really valuable is Octopus Energy which is specializing in sustainable energy. The energy group estimate at $4.6 billion, create in 2015, already supply electricity to more than three million of customers.

A lot of other brands came in the climate tech market with different ideas like Olio which distributes soon to expire food, Cervest which created a climate risk platform software and Depop, a marketplace for second-hand

All these brands contribute to put London as a real actor of climate tech with an increase of investments. This increase can have real consequences for fighting against global warming and climate change.

Related News

You've successfully subscribed to The Londoner
Great! Next, complete checkout for full access to The Londoner
Welcome back! You've successfully signed in
Success! Your account is fully activated, you now have access to all content.
Success! Your billing info is updated.
Billing info update failed.
Your link has expired.