September 6, 2023
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A 4% funding decrease in climate tech during August’23 compared to last month and a drop in deal count, indicates another period of limited growth, as the funding continues to stagnate. In this analysis we will delve into the details, highlighting the top funding rounds, investment across crucial geographies followed by trends in EV charging acquisitions and major investments in battery solutions.
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August’s climate tech funding analysis.
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This month wrapped up with more than $5.3B in climate tech funding across 198 deals and 420 investors participating. A 4% decrease in funding over the last month indicates another period of limited growth.
About 65% of the total funding this month can be attributed to six mega-rounds (100M+) totalling $3.4B.
The United States attracted the most funding, accounting for $2.1B followed by China and Sweden. Climate tech funding saw a recovery in North America (+87% MoM), while it plunged in Europe (-50% MoM). Asia saw a modest increase of 13% MoM totalling $1.7B, with China accounting for almost 75% of it.
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