A big chunk of Tesla's early mover advantage manifests in the form of its charging stations. Tesla currently operates over half of all fast chargers in North America.
To compete, automakers are investing in, acquiring and partnering with charging infrastructure startups. M&A activity is hotting up, with energy majors also getting in on the action. Check out the landscape of 100+ (rapidly consolidating) EV charging startups.
This week Canadian carbon capture company Svante raised $75M in its Series D round, making it one of the most valuable carbon capture companies globally (est. €273-409M) in the world, along with the Switzerland-based Climeworks (€304M).
Investment into carbon capture reached an all-time high of €213M in 2020 with 2021 already off to a strong start. And before he became a self-declared Doge meme, Elon Musk announced he'll be donating $100M for the best carbon capture technology.
Like this Weekly Newsletter? You'll love the Daily Newsletter!
Stay informed on rounds & exits that happen and hot startups we detected in our Daily Newsletter. Receive new companies that match your saved searches. Activate it for free by visiting your account settings.
Think a friend might like this weekly newsletter? Forward it on and they can subscribe here.
To get pro-tips about creating and refining searches, and set up useful notifications, download Dealroom's quickstart-guide.