15+ NEW ways to invest in climate (February 2024)
...and announcing the Intention Climate Fund!
🎉 welcome - 900+ Climate Investing Community members!
📖 read time - 3 min
Welcome to Intention’s monthly roundup of new ways to invest in climate. We know that it’s difficult to find climate-specific investments so we’re doing the legwork for you.
PS - We'd love for you to share this newsletter so that everyone can benefit from these new ways to invest in climate 😊
🎉 Announcing the Intention Climate Fund!
You’ve heard the news about 2023 being a record year for investment in climate and energy transition. $1.7 trillion. And you’ve been wondering how you can get in on the action.
You’ve been waiting for us to figure out how to make this investment opportunity accessible to more people.
Well, wait no more. We’ve finally done it! I’m thrilled to announce the launch of the Intention Climate Fund, the first democratized climate tech venture fund in the US!
Our fund is designed to support people investing together. We blend affordable minimum check sizes with an educational and empowering investment experience. This enables us to use the power of community to invest in the most impactful climate tech startups that we can find.
To find out more about the fund, I invite you to join one of the online information sessions that will take place during the week of March 4. Check the list of sessions here to see if there is one that fits your schedule.
Nisha Desai
Founder of Intention
📈 New ways to invest in climate (February 2024)
Newly announced investing opportunities. Selection based on company description but impact not assessed. Not investing advice.
🔥 Epic personal finance resources 🔥
CIC’s Climate & Money Resource List: Our cut-the-crap list of personal climate finance options covers saving, investing, spending, giving
Check out Ming Zhao’s How to Read a Term Sheet
🌲 Bonds & debt notes 🌲
Countryside Solar Portfolio (10%, 2yrs): Advance the adoption of solar energy capture and storage in Colorado, NC and Tennessee.
Dunamis Charge (10%, 3yrs): Electric vehicle (EV) charging solutions catering to the rapidly growing demand from EV owners.
Mercy Vintage (10.5%, 3yrs): Buys, sells, & curates sustainable clothing.
Solar for Debra’s Family Farm (10%, 2yrs): Lockard’s Produce, a third generation family farm in Ripley TN, is making the switch to renewable energy.
🌲 Start-up investing 🌲
Eli EV ($69M, common stock): We have reimagined NEV category, and created a zero-emission vehicle intended to make daily short trips easy and fun.
GOT BAG ($11M, SAFE): The World's first travel bags & urban lifestyle essentials made of recycled Ocean Impact Plastic.
Kuleana Spirits ($25M, common stock): Award-winning, world-class and sustainable rums using fresh cane juice and regenerative farming.
Learn EV ($5.5M, common stock): E-commerce training platform specializing in the education of technicians within the EV and ICE sector.
Lift Aircraft ($226M, common stock): Introducing the world's first personal, eVTOL flying experience.
NileBuilt (equity): Tech-enabled real estate development company with a special focus on non-combustible, net zero, resilient communities.
Smart Cups ($58M, common stock): Sustainable consumer packaged products by eliminating liquid through the use of novel microencapsulation printing.
SorbiForce ($10M, SAFE): World's first non-metal sustainable battery.
ZeroNox ($165M, SAFE): Electrification partner for commercial and industrial vehicles.
Zero Labs ($100M, common stock): Provides a scalable solution for the electrification of existing vehicles.
🌲 Accredited only or high minimum 🌲
A few opportunities have recently been shared in our CIC Slack, including:
DitchCarbon (Bloomberg of company-reported emissions data)
Good Agriculture (AI-powered farm business management platform)
🌲 Equities (stocks/ETFs/etc) 🌲
SolarMax Technology, Inc. (SMXT)
👇 see you in the comments section 👇
What’re you investing in this week? Let the community know!