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Susan Graham - 1 Graham - 1 Chris Sacca's - 1
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London Rio Tinto North America
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Systems - 1 Zouk - 1 Orb Energy - 1 Aramco Ventures - 1 Airbus Ventures - 1 Understorey - 1 Business - 1 Tech News - 1

Search resuls for: "Aramco Ventures"


5 mentions found


☆ Exclusive: Biodiversity startup Dendra Systems has secured a $15.7 million Series B
  + stars: | 2024-05-08 | by ( Tasmin Lockwood | Riddhi Kanetkar | ) www.businessinsider.com   time to read: +3 min
British biodiversity startup Dendra Systems announced Wednesday it has raised a $15.76 million Series B, as investors continue to pour capital into climate tech. The $15.76 million Series B round was led by Zouk Capital, a London-based private equity firm that has previously backed climate-tech companies such as Green Hedge and Orb Energy. Dendra Systems previously raised $10 million Series A in 2020 from At One Ventures, Airbus Ventures, Future Positive Capital, Chris Sacca's Lowercarbon Capital, and others. Climate tech proved to be more resilient than other sectors in a cool market in 2023, with European climate tech startups bucking the trend in declining investment and raising a collective $20 billion. Dendra Systems is among the first batch of European climate startups to get VC backing.
Persons: Susan Graham, Graham, Chris Sacca's Organizations: Systems, Zouk, Orb Energy, Aramco Ventures, Airbus Ventures, Understorey, Business, Tech News, Dendra, One Ventures, Positive, Natural Capital Research Locations: London, Rio Tinto, North America
☆ Amogy retrofits vehicles ranging from drones to tractors to make them run on sustainable ammonia. It just raised $139 million with this 18-slide pitch deck.
  + stars: | 2023-03-22 | by ( Tasmin Lockwood | ) www.businessinsider.com   time to read: +4 min
We got an exclusive look at the 18-slide deck Amogy used to raise the money. A startup betting on ammonia as a next-generation fuel has just secured $139 million in an all-equity Series B extension. New York-based Amogy has created a retrofit energy system to replace engines, which allows ammonia to be used as a fuel. Ammonia is predicted to account for 45% of all shipping fuel in a net zero 2050 scenario modeled by the International Energy Agency. The company is also working with upstream players to help decarbonize the fuel, Woo said.
☆ Saudi Aramco launches $1.5 bln fund, says energy transition plan flawed
  + stars: | 2022-10-26 | by ( Rachna Uppal Maha El Dahan Aziz El Yaakoubi | Rachna Uppal | Maha El Dahan | ) www.reuters.com   time to read: +3 min
[1/3] A helmet with logo of Saudi Aramco is pictured at the oil facility in Abqaiq, Saudi Arabia October 12, 2019. REUTERS/Maxim Shemetov/FilesRIYADH, Oct 26 (Reuters) - Oil giant Saudi Aramco launched a $1.5 billion fund to support an inclusive global energy transition on Wednesday while Saudi officials said the switch from hydrocarbons could take decades, necessitating continued investment in conventional resources. What we need is an optimal, realistic transition plan," Aramco CEO Amin Nasser told a business forum, where he announced the new fund managed by Aramco Ventures. Saudi Finance Minister Mohammed al-Jadaan told the FII gathering that thinking around the global energy transition has "now became more realistic that actually transition will take... possibly 30 years", and that conventional resources remained important to ensure security of supply. Saudi sovereign wealth fund the Public Investment Fund (PIF) has established five regional investment companies in Jordan, Bahrain, Sudan, Iraq and Oman, PIF said on Wednesday, following a similar move for an investment subsidiary in Egypt.
☆ Saudi Aramco says its energy transition is not delivering and launches a $1.5 billion fund for a more 'realistic' plan
  + stars: | 2022-10-26 | by ( Brian Evans | ) www.businessinsider.com   time to read: +2 min
Saudi Arabia's state-run oil giant is investing $1.5 billion in a new energy transition plan. Saudi Aramco's CEO Amin Nasser said the current framework is "flawed." Saudi Aramco chief executive Amin Nasser told a business conference Wednesday that the current framework in place "is not really delivering," while promoting "an optimal, realistic transition plan." The plan falls in line with the Kingdom's efforts to strengthen its green energy investments, and the Kingdom last year announced a goal of net zero emissions by 2060. Meanwhile Mohammed al-Jadaan, Saudi Arabia's finance minister, told the conference that the thinking around a plan to transition away from fossil fuels has "now became more realistic that actually transition will take... possibly 30 years."
☆ This chip startup wants machines to see the world the way humans do. Check out the 13-slide pitch deck Prophesee used to raise $50 million.
  + stars: | 2022-09-26 | by ( Hasan Chowdhury | ) www.businessinsider.com   time to read: +2 min
French semiconductor startup Prophesee has raised 50 million euros in fresh funds. Check out the 13-slide pitch deck it used to raise the capital from Aramco's venture fund. A startup that uses computer vision technology to mimic the way the human brain and eye work has raised 50 million euros (around $50 million) in a round led by Aramco's venture capital fund. The company has built a significant partnership with Sony that has resulted in a fresh sensor that combines Prophesee's technology with Sony's electronic chip sensor technology. Check out the 13-slide pitch deck used to raise the fresh funds below:
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