Participated · Series D · Mar 2026

Founded in 2014 and headquartered in Oxford, Oxa builds a modular autonomy platform that combines software, hardware and fleet-management tools to retrofit and operate driverless vehicles in controlled industrial environments. The company focuses on “industrial mobile autonomy,” avoiding the complexity of open-road passenger applications in favor of repetitive, predictable driving tasks at ports, airports, warehouses and manufacturing facilities. Oxa’s system can convert a heavy-duty port truck to autonomous operation in less than a day, demonstrating rapid deployment capabilities for customers like DHL, BP and Vantec. By integrating its own sensors, compute stack and remote management software, the startup delivers a full-stack solution that can be adapted to multiple vehicle types. The new financing lifts Oxa’s total funding to more than $250 million, providing fresh capital to expand existing deployments and support upcoming commercial projects. Management intends to use the funds to scale with current partners and enter additional industrial sites globally, positioning the company for broader commercial rollout.

Participated · Equity · Apr 2024

TerriFlux develops software for physical accounting that enables clients to master material flows, drawing on ten years of research at Inria. Its product suite includes OpenSankey for creating Sankey diagrams, plus platforms and tools for tracking flows and visualizing their magnitude. The company also offers services such as flow analysis, client support, and training. TerriFlux targets strategic regional sectors including the wood sector (and ONF), biomass, and the pork industry, while noting applicability to energy, economic flows and other domains. Founded in 2021 and based in Isère, the company benefited from 15 months of incubation at Inria's startup studio. At the end of 2023 it converted to a Scop, making its six employees shareholders, and it has raised funds to accelerate deployment into new sectors.

Participated · Series C · Oct 2023

Electric Hydrogen designs, manufactures and deploys 100MW electrolyzer plants using advanced PEM technology to produce green hydrogen for steel, fertilizer, shipping and aviation. Its complete 100MW plant includes power conversion, gas processing, water treatment and thermal management, and the company emphasizes U.S. manufacturing. The firm operates in California and Massachusetts, has a team of more than 300 people, and is headquartered in Natick, MA. Electric Hydrogen is scaling production at its Devens, MA gigafactory, with first electrolyzer stacks scheduled to ship later this year to a customer project in southeast Texas. The company recently announced a 1GW framework supply agreement with The AES Corporation and says it aims to deliver gigawatts of electrolyzer plants in the coming years. Financially, Electric Hydrogen has secured more than $750M in financing to date and has added a $100M corporate credit facility to support manufacturing and deployment. Electric Hydrogen builds complete electrolyzer systems—described as chemical plants—that produce green hydrogen from renewable electricity and water. Its systems are aimed at decarbonizing heavy industrial processes such as fertilizer production, steelmaking, and base chemical production. The company cites a 100-megawatt electrolyzer plant that produces nearly 50 tons of green hydrogen daily at an ultra-low cost. Electric Hydrogen is scaling manufacturing with a gigafactory in Devens, MA that begins production in Q2. Last year the company completed a $380 million Series C, bringing total capital raised to more than $600 million. The company has secured additional financing to support rapid scaling of manufacturing capacity to meet industrial demand for zero-carbon green hydrogen. Electric Hydrogen is a Massachusetts-based green hydrogen technology company that designs and sells large-scale electrolyzers. The company engineers and builds critical electrolyzer components in-house, focusing on performance gains to lower hydrogen production costs. Its business model is to sell cheaper electrolyzers to hydrogen producers rather than sell hydrogen itself. EH2 plans to launch an electrolyzer factory in Massachusetts in 2024 and to deliver 100 MW systems capable of producing nearly 50 tons of green hydrogen per day. The startup aims to reach roughly $1.50 per kilogram by 2030 in regions with abundant renewables, leveraging incentives from the Inflation Reduction Act. Financially, EH2 recently completed a $380M Series C that made it green hydrogen’s first unicorn and brought total funding to about $600M. The founding team includes CEO Raffi Garabedian and co-founder Dave Eaglesham, both formerly CTOs at First Solar. Electric Hydrogen (EH2) is a deep-decarbonization company building patented high-throughput electrolysis systems designed for low-cost, large-scale hydrogen production using 100% clean energy. The company is focused on industrial applications such as steel, ammonia (fertilizer), freight transportation and other hard-to-electrify sectors, with a stated goal of helping eliminate more than 30% of global GHG emissions from those industries. EH2 plans to scale up its electrolyzer technology and to manufacture and deploy demonstration projects to produce fossil-free hydrogen at large scale. The team is led by cofounders Raffi Garabedian and Dave Eaglesham and includes leaders with backgrounds at First Solar, Tesla and Breakthrough Energy Ventures. EH2 is backed by climate-tech investors and strategic partners across energy, mining, logistics and manufacturing, which the company says will accelerate its path to market. The company publicly announced a large financing to support the next phase of technology validation, manufacturing scale-up and commercial deployment. Electric Hydrogen is developing large-scale solutions to produce clean hydrogen gas using low-cost renewable electricity to help decarbonize polluting industrial sectors. The company aims to commercialize systems that enable large-scale hydrogen production as a medium for industrial decarbonization. It raised $24M in a Series A round to continue product development and expand its team and operations. The funds will be used for continued product development and team and operations expansion in the Greater Boston and San Francisco Bay Areas. The company is led by CEO Raffi Garabedian and was founded by a team of energy transition veterans from First Solar and Tesla. Electric Hydrogen is based in Boston, MA and San Francisco, CA.

Participated · Equity · Apr 2021

Solidia Technologies develops low-carbon cement and concrete technologies that reduce CO2 emissions in cement production and consume captured CO2 during concrete manufacturing. The company’s products aim to lower the carbon footprint of the cement and concrete industry, which accounts for roughly 8% of global emissions. The new capital will support continued development and deployment of these technologies to accelerate decarbonization of critical building materials industries. Solidia is based in Piscataway, N.J. The $78 million fundraise attracted a range of investors committed to advancing low-carbon industrial solutions. Bryan Kalbfleisch was named CEO and brings over two decades of manufacturing and building-materials leadership experience, including roles at Summit Materials and Oldcastle. Solidia Technologies develops Solidia Cement and Solidia Concrete, which are cured with CO2 instead of water. Its process can reduce carbon emissions by up to 70% and recycle 60–80% of the water used in production. The technology targets the US$1 trillion concrete and US$300 billion cement markets and aims to deliver manufacturer cost savings through faster curing, lower energy and raw material consumption, reduced waste, and lower labor requirements. OGCI Climate Investments has made an investment to support commercialization and global adoption of Solidia’s carbon-recycling technology. Solidia’s investor base includes Kleiner Perkins Caufield & Byers, Bright Capital, BASF, BP, LafargeHolcim, Total Energy Ventures and Bill Joy. The company is based in Piscataway, N.J., and is pursuing wider commercialization through investor and industry partnerships. Solidia Technologies commercializes patented cement and concrete processes that cure concrete with CO2 instead of water, producing higher-performing products that cure in less than 24 hours. Its Solidia Cement and CO2-curing process can reduce carbon emissions by up to 70% and recycle 60–100% of the water used in production. The technology uses the same raw materials and existing equipment as traditional concrete while offering faster curing times, lower energy and raw material consumption, reduced waste, and lower labor requirements. Solidia targets the global concrete and cement markets (estimated at US$1 trillion and US$300 billion respectively) and positions its processes as cost-saving for manufacturers. The company is pursuing commercialization through industry partnerships and collaborative research with organizations including Lafarge, The Linde Group, Rutgers University, Purdue, Ohio University and the University of South Florida. Solidia has received support from U.S. agencies (FHWA and DOE/NETL) and has been recognized by multiple awards and industry lists. Solidia Technologies has developed a proprietary process that uses CO2 as a reactant to create both a binder and concrete products for building and construction. Its binder requires significantly less energy to produce than Portland cement, and its concrete gains strength from CO2 rather than water. The company says these materials deliver excellent physical properties, lower life‑cycle cost, and a smaller environmental footprint than traditional concrete. Solidia was founded in 2008 and is led by CEO Thomas Schuler; it is based in Piscataway, NJ. At the time of the article the company had 28 employees and was actively hiring. The company’s technology underpins a range of potential applications across the building and construction industries.

Participated · Series D · Mar 2014

Cool Planet develops and markets Engineered Biocarbon™ technology products aimed at improving soil health. Its first commercial product, Cool Terra®, is a carbon-negative soil amendment designed to improve soil performance for plant growth and quality. The company serves hundreds of customers across conventional and organic growers, city park departments, professional sports teams, universities, and golf courses, including several that have hosted PGA Tour Championships. Cool Planet closed an additional $20.3M of new investment and note conversion as an extension of its previously announced Series A. The financing is led by existing investors Agustín Coppel and North Bridge Venture Partners. The company plans to use the proceeds to increase Cool Terra production, construct a commercial production facility in Alexandria, LA as its manufacturing hub (with production expected in summer 2019), invest in R&D and commercialization of Engineered Biocarbon into animal nutrition, biologicals, and early-plant establishment, and bring additional products to market. Cool Planet develops engineered biocarbon products, including Cool Terra for improving crop yields and sequestering carbon and Cool Fauna for animal health and nutrition applications. The company’s biomass conversion technology can also be enhanced to produce hydrocarbon renewable transportation fuels chemically identical to those from crude oil. Cool Planet serves customers across agriculture, landscape, turf, nursery and ornamental markets. It is led by President and CEO Jim Loar and was founded in 2009. Financially, the company closed a $19.3M Series A and note conversion and has raised nearly $30M in the last 18 months. The new proceeds are intended to commercialize Cool Terra and Cool Fauna. Cool Planet was founded in 2009 and is focused on deploying its proprietary Cool Terra® engineered biocarbon platform to improve soil health while sequestering carbon. The Cool Terra product retains water and nutrients at the root zone, nurtures soil microbial life, and is targeted at agriculture, landscape, turf, nursery and ornamental markets. The company says Cool Terra is now in commercial deployment and has signed development and distribution partnerships with J.R. Simplot and Triangle Chemical Company. Cool Planet has invested in a large public and private commercial trial initiative to accelerate adoption of the biocarbon category. Management has emphasized converting 2016 momentum into greater commercial success in 2017 and beyond, and the agricultural subsidiary promoted Jim Loar to president & CEO. The company also historically produced engineered biocarbon and renewable, carbon-negative fuel from biomass but is currently focused on the Cool Terra agricultural business. Cool Planet develops technologies to create green fuels and biocarbon, including CoolTerra™, a soil amendment that retains water and nutrients, increases crop productivity, and sequesters carbon. The company says its green fuels are chemically identical to fossil fuels and that its process is capable of being carbon-negative. CoolTerra™ is being commercialized for agriculture and water conservation and is positioned to reduce fertilizer and water needs while maintaining or improving production. Cool Planet holds a broad portfolio of pending and granted patents and cites strategic investors such as BP, Google Ventures, the Constellation division of Exelon, and Energy Technology Ventures. The company closed an additional internal financing round with current investors to advance its biocarbon technology and provide growth capital to develop the market for CoolTerra™. It hired James Loar to lead the biocarbon business and further develop market and sales efforts. Cool Planet continues to pursue parallel plans to deploy its carbon-negative fuel technology. Cool Planet commercializes a process that produces green fuels chemically identical to fossil fuels and a biochar product, CoolTerra™, that can make the fuel carbon negative. The company sells CoolTerra™ for agricultural use and has begun commercial agreements, including one with Organic Waste Solutions for water treatment and remediation. Cool Planet broke ground on its first biofuel production facility in Alexandria, Louisiana, expected to produce 10 million gallons per year of renewable fuel and gasoline blendstocks plus CoolTerra™. The business model favors small-scale facilities located close to biomass sources to lower capital costs and compete with traditional oil. Cool Planet holds a portfolio of pending and granted patents and reports growing international interest in deploying its technology in China, Southeast Asia and the Middle East. The company has attracted strategic and venture investors including BP, Google Ventures, and Energy Technology Ventures as it moves to scale production and commercialization.