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Europe's startup ecosystem has been battered this year but climate tech founders have managed to avoid the brunt of the immense downturn so far. PwC's global analysis of the sector also points to climate tech outperforming the norm, accounting for a tenth of private market investments in 2023. Venture capital investment into European startups more broadly is primed to slump by around 46% to 58.1 billion euros in 2023. These obligations have helped make climate tech startups "catnip to investors," Sustainable Ventures' Stuart Ferguson said. Last year, European companies like electric vehicle manufacturer Polestar and batter-maker Northvolt raised 1.6 billion euros and 1 billion euros respectively.
Persons: They've, Stuart Ferguson, Fabian Heilemann, Heilemann, Biden's, Warner, Namratha, Mark Bula, Northvolt, Lisa Barclay, Ferguson, Aenu's Organizations: Steel, Venture, Sustainable Ventures, Warner, Ada Ventures, Elyos Energy, Green Steel, Nesta, Investments Locations: Swedish, British, Norwegian, London, Norway
Mark Bula is the chief commercial officer at H2 Green Steel in Stockholm, Sweden. Behind him on his left is Henrik Henriksson, CEO of H2 Green Steel. H2 Green Steel7:30 a.m. — arrive at the officeWhen he gets to the office, Bula checks his emails and touches base with the company's salespeople. In Sweden, Bula picks up fresh food at the store, walks the dog, and then goes home to prepare dinner. At H2 Green Steel, "there's always something different about it, and I find that to be a lot of fun."
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