Elemental Impact
1099 Alakea St Suite 1250, Honolulu, HI, 96813, United States
Overview
Elemental fills two gaps that are fundamental to tackling climate change: funding first-of-a-kind projects for climate technologies in real communities, and embedding equity and access into climate solutions.
- Total investments
- 12
- Lead investments
- 0
- Investments · 12mo
- 4
- Active investors
- 1
Sector focus
- Agriculture
- CleanTech
- Energy Efficiency
- Renewable Energy
- Sustainability
- Transportation
- Venture Capital
- Water
Investment portfolio
- Ampaire
Participated · Series B · Aug 2026
Ampaire develops hybrid-electric retrofit systems that combine electric propulsion with conventional engines for existing commercial aircraft to lower fuel burn, reduce emissions and cut airline operating costs. The company has demonstrated its technology in flight and is pursuing product certification and scaled production. Ampaire plans to use the new Series B proceeds to accelerate commercialisation, build supply chains, expand manufacturing and scale operating capabilities. It has engaged with airlines and industry partners, including participation in an IAG-run accelerator where it explored hybrid-electric auxiliary power unit (APU) solutions. Investors in the latest round include IAGi Ventures, Alaska Airlines and DiamondStream Partners. The company positions its offerings as practical retrofit options for aircraft already in service.
- Hephae Energy Technology
Participated · Series A · Jul 2026
Hephae Energy Technology develops ultrahigh-temperature robotics, including drilling systems designed to enable precise well positioning for geothermal projects by overcoming temperature and reliability limitations of conventional drilling tools. Its technology aims to access deeper, hotter rock to support expanded geothermal energy development and to increase drilling speed and reliability. The company is led by CEO Steve Krase and is based in Houston, TX. Financially, Hephae has now raised a total of $24.7M following its $17.8M Series A. The newly raised funds are intended to accelerate commercial deployment of its advanced drilling systems and move the company toward broader market commercialization.
- SuperCircle
Participated · Series A · Dec 2025
SuperCircle operates a digital operating system that ingests more than 50 garment-level data points to create a ‘digital twin’ for each item, allowing its proprietary AI sort engine to route apparel, footwear, home and health textiles to the most profitable and sustainable next-life option across 50+ reuse and recycling channels. The platform supports post-consumer trade-ins as well as post-industrial disposition, serving over 75 retail partners including J.Crew, GUESS, Reformation, FIGS and Parachute Home. To date, the company has diverted more than 6 million textiles from landfill and pledges to surpass 1 billion items by 2030. Retailers use SuperCircle to comply with emerging Extended Producer Responsibility regulations while reducing write-downs on excess, damaged or returned inventory. The system converts what was once a cost center into a revenue generator by unlocking incremental value from unsold or returned goods. Series A funding is earmarked for expanding reverse-logistics infrastructure, deepening supply-chain integrations and advancing the data architecture that underpins compliance reporting. Headquartered in New York, SuperCircle positions itself as the critical operating layer powering circular supply chains across North America.
- Genomines
Participated · Series A · Sep 2025
Genomines is a Paris-based metal extraction company pioneering plant-based "phytomining" to produce battery-grade nickel. Its proprietary platform engineers hyperaccumulator plants that absorb and concentrate nickel from soil, after which the biomass is processed into high-purity metal. This approach promises faster production cycles, cost reductions, and dramatically lower carbon emissions compared with conventional mining. Early commercial partners include Hyundai Motor Group and Jaguar Land Rover, underscoring industrial demand for cleaner nickel. With the new capital, the team plans full-scale field demonstrations of nickel production and the negotiation of large offtake contracts to secure long-term revenue streams. To date, Genomines has raised $62 million, comprising a $5 million seed round, $12 million in non-dilutive funding from BPI France programs, and the latest $45 million Series A.
- HIVED
Participated · Series B · Jul 2025
HIVED builds an end-to-end parcel delivery network purpose-built for e-commerce, running on a 100% electric fleet and its HIVEDmind platform that leverages AI, real-time data, and modern architecture. The platform connects retailers, warehouses, drivers, and customers through integrated routing, real-time warehouse sorting, dynamic delivery clusters, and live parcel tracking. HIVEDmind models driver behaviour and real-world conditions to forecast volumes, optimize parking and routes, and surface delivery photos, geo-coded dashboards, behavioural alerts, and fraud-pattern detection for retailers. The company claims to be the world’s only end-to-end electric logistics network and is the UK’s highest-rated parcel delivery company on Trustpilot by far. Going forward, HIVED plans to accelerate its UK rollout into several new cities, grow its engineering and data teams, and further develop its proprietary logistics intelligence. Hived is building a delivery network at scale powered entirely by electricity and integrated with platforms such as Metapack, Shopify and Shiptheory. The network offers features including dynamic delivery-window ETAs, live tracking, in-flight redirect options, customizable customer communications and merchant dashboards with carbon-saving reporting. It delivers for large retailers including ASOS and ZARA as well as fast-growing SMEs such as Candy Kittens, Vitl and Pip & Nut. Since its August 2021 seed round the company has grown revenue 30% month over month and expanded to a head office of 40 and over 1,000 drivers. Hived intends to use new funding to invest further in its team, technology and to build a new warehouse. The business operates entirely on electric vehicles and provides carbon-saving reporting to merchants. HIVED is a parcel-delivery startup that uses electric cargo bikes for last-mile urban deliveries. It operates a fleet of 20 Raleigh e-cargobikes ridden by directly employed couriers and aims to offer estimated drop-offs in 15-minute slots. The company raised $2.4 million in venture-capital and angel funding to expand operations. Currently delivering within London’s M25, HIVED plans to expand into larger U.K. cities and achieve national coverage within three years, using electric vans for longer journeys while keeping most last-mile deliveries on e-cargobikes. Founded last year by Murvah Iqbal and Mathias Krieger, the startup emphasizes avoiding the gig economy and employing riders to improve service quality. HIVED previously received launch backing from Innovate UK in June 2020 and trialed several e-cargobike models before selecting Raleigh bikes for its fleet.
Team
Mitch Rubin
LinkedIn