Participated · Equity · Apr 2024

Pine Gate Renewables develops, owns and operates utility-scale solar and energy storage projects across the United States. The company was founded in 2016 and is headquartered in Asheville, N.C. Pine Gate has closed more than $7 billion in project financing and capital investment and its operational fleet includes over 100 solar facilities accounting for more than two gigawatts of installed capacity. It currently has over 30 gigawatts of projects in development. The company says the new investment will accelerate its work as a national developer, owner and operator of clean energy projects and position it as a national market leader. Pine Gate plans to support financing of an incremental three gigawatts of clean energy infrastructure by 2025. Pine Gate Renewables focuses on project development and strategic financing of utility-scale solar and battery storage throughout the United States. The company develops, owns and operates renewable energy-generating projects and aims to expand its national presence. Headquartered in Asheville, North Carolina, Pine Gate owns and operates over 1 gigawatt of renewable energy projects and has more than 20 gigawatts in active development. The company has raised over $1 billion in corporate and project capital financing in the past six months. Pine Gate plans to use new capital to fund construction and development of renewable energy projects and support general working capital needs. The Generate partnership is positioned to accelerate Pine Gate’s growth and market expansion.

Participated · Series B · Mar 2021

Baraja develops Spectrum-Scan™ LiDAR that uses prism-like optics for solid-state scanning, producing high-quality point clouds for perception in autonomous systems. The sensors are engineered for long-term reliability, resolution and range to support Level 4 autonomy. Baraja positions its technology for harsh environments—tested on dirt roads and arctic tundra—and claims higher tolerance to heat, shock and vibration than legacy systems. The company targets use cases in vehicles and mission-critical equipment where robustness and range matter. Oshkosh Corporation invested in Baraja as part of a broader capital raise to support development of advanced LiDAR technology and to participate in the development process. Baraja’s future plans in the article focus on continued product development and commercialization to enable active safety and autonomy features. Baraja builds Spectrum‑Scan lidar that uses a prism to direct different wavelengths of laser light, allowing simpler, more rugged heads with only one slowly moving part. The architecture hides sensitive lasers and receivers in the body and connects to the optical head via fiber, enabling multi‑year deployments in harsh conditions (units have operated in Australian desert mines for two years). The company reports having revenue and real‑world customers, and has secured partnerships with firms including Hitachi Construction Machinery and a major Australian port. R&D remains central: near‑term plans include offering an integrated “one‑box” system and a longer‑term roadmap to move from bulk optics to photonics and chip‑scale implementations. Management emphasizes operating as a business with customer support, installation and warranty operations alongside continued product development. Baraja develops a novel Spectrum-Scan LiDAR that uses prism-like optics and shifting wavelengths to create software-defined, reconfigurable sensing for self-driving vehicles. Its LiDAR dispenses with spinning lasers and lets perception software change scan resolution in response to the environment. The company says its approach improves scalability, reliability, vehicle integration and overall performance versus incumbent LiDAR technologies. Baraja has pursued mature manufacturing practices, attained ISO 9001 certification, and works with leading autonomous-technology companies. It plans to use new funding to scale production, hire talent, and accelerate integration of its sensors into vehicles. Baraja is headquartered in Sydney with offices in San Francisco and Shanghai and reports about 90 employees.