172@29@17@142!~!172@29@0@53!~!|news|photos|technology|find-out-the-top-10-largest-climate-tech-hubs-in-the-world-5925211.html!~!news|moneycontrol|com!~!|controller|infinite_scroll_article.php!~!is_mobile=false
Moneycontrol
Subscribe to Moneycontrol Pro and get 365 bonus InterMiles! Use Code: INTERMILES
Last Updated : Oct 05, 2020 06:26 PM IST | Source: Moneycontrol.com

Find out the top 10 largest climate tech hubs in the world

PwC’s report shows that in 2013 the early stage venture funding for climate tech companies was about $418 million, while in the year 2019 the total venture funding increased to $16 billion. This research represents a first-of-its-kind analysis of the state of global climate tech investing.

The consequences of heat waves, drought, wildfires and other events on climate change is becoming more and more visible. And while finding more sustainable solutions to many aspects of our everyday lives, large established companies often struggle to make bold, radical changes, paving the way for startups to innovate and re-think the way things are done in a given industry. According to a recent research report by PwC, venture capital investment in ‘climate tech’ startups encompassing broad set of sectors tackling the challenges of decarbonizing the global economy, has huge changes over the past decade. PwC’s report shows that in 2013 the early stage venture funding for climate tech companies was about $418 million while in the year 2019 the total venture funding increased to $16 billion. This research represents a first-of-its-kind analysis of the state of global climate tech investing. The demand for climate tech is going to accelerate with global corporation, investors and governments pledging on to find climate technology breakthroughs, scaled and to transform industries and society. Let’s find out who are the top 10 climate tech investments hubs in the world.

The consequences of heat waves, drought, wildfires and other events on climate change is becoming more and more visible. And while finding more sustainable solutions to many aspects of our everyday lives, large established companies often struggle to make bold, radical changes, paving the way for startups to innovate and re-think the way things are done in a given industry. According to a recent research report by PwC, venture capital investment in ‘climate tech’ startups encompassing broad set of sectors tackling the challenges of decarbonizing the global economy, has increased several times over the past decade. PwC’s report shows that in 2013 the early stage venture funding for climate tech companies was about $418 million, while in the year 2019 the total venture funding increased to $16 billion. This research represents a first-of-its-kind analysis of the state of global climate tech investing. The demand for climate tech is going to accelerate with global corporation, investors and governments pledging on to find climate technology breakthroughs, scaled and to transform industries and society. Here's a look at the top 10 climate tech investment hubs in the world.

1 | San Francisco Bay Area | Country: United States | Funding raised: $11.7 billion (Image: Unsplash)

1 | San Francisco Bay Area | Country: United States | Funding raised: $11.7 billion (Image: Unsplash)

2 | Shanghai | Country: China | Funding raised: $7.5 billion (Image: Unsplash)

2 | Shanghai | Country: China | Funding raised: $7.5 billion (Image: Unsplash)

3 | Beijing | Country: China | Funding raised: $6.6 billion (Image: Unsplash)

3 | Beijing | Country: China | Funding raised: $6.6 billion (Image: Unsplash)

4 | Los Angeles | Country: United States | Funding raised: $3.5 billion (Image: Unsplash)

4 | Los Angeles | Country: United States | Funding raised: $3.5 billion (Image: Unsplash)

5 | Boston | Country: United States | Funding raised: $2.1 billion (Image: Unsplash)

5 | Boston | Country: United States | Funding raised: $2.1 billion (Image: Unsplash)

6 | Guangzhou | Country: China | Funding raised: $1.7 billion (Image: Unsplash)

6 | Guangzhou | Country: China | Funding raised: $1.7 billion (Image: Unsplash)

7 | Nanjing | Country: China | Funding raised: $1.2 billion (Image: Unsplash)

7 | Nanjing | Country: China | Funding raised: $1.2 billion (Image: Unsplash)

8 | Hangzhou | Country: China | Funding raised: $1 billion (Image: Unsplash)

8 | Hangzhou | Country: China | Funding raised: $1 billion (Image: Unsplash)

9 | Berlin | Country: Germany | Funding raised: $930million (Image: Unsplash)

9 | Berlin | Country: Germany | Funding raised: $930million (Image: Unsplash)

10 | Bengaluru | Country: India | Funding raised: $870 million (Image: Unsplash)

10 | Bengaluru | Country: India | Funding raised: $870 million (Image: Unsplash)

First Published on Oct 5, 2020 06:26 pm
Sections