SEATTLE, June 14, 2021 /PRNewswire/ -- The
Decarbon8-US Fund, an impact investment vehicle established by the
E8 cleantech angel investor community, announced a new Request for
Proposal (RFP) for climatetech companies focused on decarbonizing
the transportation sector. Applications for investment to the
Decarbon8-US process are due by June 21,
2021 for priority consideration and July 9, 2021 at the latest. The RFP and
application can be found online (http://www.decarbon8-us.org/).
The world is not moving fast enough to reduce greenhouse gas
emissions. While a recent PwC report noted the rapid growth of
cleantech investment over the last seven years, with further
acceleration seen in 2021, new data from the National Oceanic and
Atmospheric Administration show that carbon dioxide levels continue
to rise (NPR).
To help meet this challenge, Decarbon8-US was designed to expand
the number of people and organizations that can directly support
the enterprises that are decarbonizing the economy, while also
generating new jobs and potential investment returns.
Anyone can make a gift or grant to the Decarbon8-US Fund which
is then invested in companies vetted by E8 judges leveraging the
group's 15 years of early stage cleantech experience. Returns
from Decarbon8-US can be reinvested in the fund or recovered in a
giving vehicle for other philanthropic activity. In addition,
personal investors participating in the Decarbon8-US process may
co-invest private capital in the same deals.
"This Decarbon8 round comes at a vital time for our economy and
our fight against climate change," said Lee
Otis, Co-Chair of E8. "With one contribution anyone at all
can support the economic rebound, maintain new momentum and hope
for living more sustainably, and participate in the profit
potential of the cleantech revolution."
This 2021 transportation round of Decarbon8-US deals and
investment follows a successful launch of the fund in 2020, for
which three finalists received almost $1
million in combined investment. The three investees,
Earthly Labs, Steelhead Composites and Xeal, have seen their carbon
capture, hydrogen and EV charging businesses boom. Their
revenues, valuations and impact are all growing fast.
Philanthropic and personal investments in these high growth
enterprises came from individuals and families, donor advised
funds, family foundations, donations of highly appreciated
securities and other forms.
The latest Decarbon8-US Request for Proposal specifically seeks
investment opportunities in the transportation sector, the largest
contributor of greenhouse gas emissions in the United States (EPA). The Investment
Committee, supported by Craft3's financial expertise and E8
technical Fellows, will review applicants and conduct due diligence
on opportunities. Finalist will be announced in late August, with
investor presentations in mid-September.
Applicants should: (1) support the decarbonization of land, air
or sea transportation, (2) have market-ready products with no more
than $1.5M in 2020 revenue, or pilots
to drive 2021 revenue, and (3) be based in the US or
Canada. Decarbon8-US can accommodate various investment types
and fundraising timelines. The fund's overriding purpose is to
accelerate proven solutions in a position to rapidly scale and
deliver emissions reductions.
In addition to E8, Decarbon8-US is supported by a diverse
coalition of climate leaders, including University of Washington's Clean Energy Institute,
Washington State University, CleanTech
Alliance, Climate Solutions, Action Digital, Puget Sound Energy,
VertueLab, Dharma 350 Fund and the Stolte Family Foundation.
Decarbon8-US is a philanthropic investment fund housed at the
impact investing 501(c)(3) Realize Impact.
"Whether you are an accredited investor or not, prefer to use
philanthropic capital or personal, or can commit a small or large
amount," notes Mike Rea, E8
Executive Director, "Decarbon8-US can accommodate your climatetech
investment goals and the imperative for progress."
Entrepreneurs should apply to Decarbon8 by July 9, 2021 at the latest. Private and
philanthropic investors can learn more online or contact E8.
About E8
E8 is an international, Seattle-based community whose mission is to
accelerate the transition to a prosperous and cleaner world by
investing in and fostering emerging cleantech enterprises. Our
flexible, investor-centric platform supports different types of
investors and asset classes, including direct angel for-profit
investing, pooled investing in expertly managed VC funds such as
the E8 Ventures Fund, donor advised fund impact investments, and a
philanthropic fund for accelerating decarbonization and climate
mitigation. E8's community and offerings are driven by a belief in
the power of innovative enterprises and technologies to scale both
positive returns and impact. (www.E8angels.com)
Media Contact
Mike Rea, E8
(312105@email4pr.com; (m) 425.409.9531)
View original content to download
multimedia:http://www.prnewswire.com/news-releases/new-decarbon8-us-investment-opportunity-now-open-for-startups-decarbonizing-transportation-301311542.html
SOURCE E8