Participated · Series D · Feb 2026

Lunar Energy builds an ecosystem of all-electric residential products, anchored by its proprietary home battery hardware and Gridshare optimization software that turns households into nodes of a virtual power plant. The company’s AI platform manages distributed energy resources, allowing utilities and homeowners to shift and store power intelligently. To date, Lunar Energy has deployed thousands of battery systems in California and remotely manages approximately 650 MW of devices worldwide. Its technology underpins several Sunrun-led power plant projects in Hawaii, Puerto Rico, and New England. Fresh capital from its latest rounds brings total new funding to $232 million, positioning the firm to accelerate U.S. hardware rollouts and expand its software footprint. Headquartered in Mountain View, California, the company is led by founder and CEO Kunal Girotra and continues to target affordable, green, and reliable home electrification.

Participated · Equity · Nov 2025

Nanoramic, led by CEO and co-founder John Cooley, builds energy storage and advanced material solutions for battery applications. Its core technology, Neocarbonix, is designed to boost energy density and cell longevity while lowering costs and enhancing sustainability across lithium-ion and other battery chemistries. The company collaborates with strategic partners such as Samsung SDI and General Motors to commercialize its materials platform. Recent capital will help scale manufacturing capacity and accelerate product development for automotive and other high-demand sectors. By positioning Neocarbonix as a drop-in solution for multiple battery formats, Nanoramic aims to capture OEM and supplier demand for higher-performance, lower-cost cells. Although revenue and user metrics were not disclosed, the firm’s backing from prominent strategic and financial investors signals commercial traction. The latest financing strengthens its balance sheet and supports broader operational expansion.

Participated · Equity · Apr 2024

Raven SR develops a proprietary non-combustion Steam/CO2 Reforming process that converts solid and gaseous waste feedstocks into hydrogen and Fischer-Tropsch synthetic fuels (including SAF and renewable diesel) with low to negative carbon intensity. The process reliably produces hydrogen-rich syngas regardless of feedstock, does not use fresh water, and is described as more efficient than conventional hydrogen production and electrolysis. Raven's technology is modular and scalable, intended to produce emissions-free renewable fuels locally using local waste and reduce greenhouse gas emissions. Financially, Raven was awarded a €1,441,862.95 grant from Spain's Ministry for Ecological Transition and Demographic Challenge (managed by IDAE) and Raven Iberia previously received €1.7M from the European Commission in 2022 as part of the Hy2Market consortium. The current grant will support development of an organic waste-to-renewable hydrogen production facility in Zaragoza, Spain, characterized as the first industrial-scale deployment of the technology in Europe. Raven plans to develop the Zaragoza project in the coming year and is exploring additional production opportunities across the EU in France, Portugal, and Greece. Raven SR develops a proprietary Steam/CO2 reforming process that converts solid and gaseous waste materials into hydrogen and Fischer‑Tropsch synthetic fuels, including sustainable aviation fuel (SAF) and renewable diesel. Its non‑combustion, catalyst‑free process produces hydrogen‑rich syngas regardless of feedstock and has been verified by the California EPA. The company says its Richmond project is the first and only California Environmental Quality Act‑permitted biomass‑to‑hydrogen facility in the state. Raven SR intends to use the recent funding to further growth and innovation in the clean energy sector. The company is led by founder and CEO Matt Murdock and is based in Pinedale, WY. No operating metrics (revenue/users) were reported in the article. Raven SR converts biomass, mixed municipal solid waste, bio-solids, sewage, medical waste, and natural or biogas into renewable hydrogen and sustainable aviation fuels using a proprietary, non-combustion, non-catalytic Steam/CO2 Reformation technology. The process reliably yields a hydrogen-rich syngas regardless of feedstock, and the company emphasizes modular systems with low air emissions that can be sited close to customers and feedstock. Raven SR is led by co-founders Matt Murdock and Matt Scanlon and is based in Pinedale, WY. The company focuses on adding value to local resources and communities while reducing greenhouse gas emissions and supporting a low-carbon economy. Raven SR intends to use recent funding to further advance commercialization of renewable hydrogen and sustainable aviation fuels derived from biomass and waste. Raven SR is a Pinedale, WY-based renewable fuels company that converts biomass, mixed municipal solid waste, bio-solids, sewage, medical waste, and natural or biogas into hydrogen-rich syngas and renewable fuels. Its proprietary, non-combustion, non-catalytic "Steam/CO2Reformation" technology produces hydrogen-rich syngas regardless of feedstock. The company uses modular systems with low air emissions so units can be located closer to customers and feedstock, enabling local fuel from local waste for local mobility. Raven SR plans to commence commercial waste-to-hydrogen operations in early 2024 and commercial sustainable aviation fuel (SAF) operations in 2025. Stellar J fabricated full-scale hydrogen production reformer units and an August 2022 trial demonstrated commercial readiness of Raven SR's waste-to-hydrogen and gas-to-hydrogen processes. Strategic backers include Chevron, ITOCHU, Hyzon Motors, Ascent Hydrogen Fund, and Samsung Ventures. The company is led by CEO Matt Murdock. Raven SR develops renewable fuels including green hydrogen and high-quality Fischer-Tropsch synthetic fuels such as sustainable aviation fuel. The company converts a wide range of feedstocks including municipal solid waste, methane, and biomass. Raven SR will soon break ground on its first commercial waste-to-hydrogen production facility in the U.S. The company announced the closing of a strategic investment from Samsung Ventures. In 2021 Raven SR attracted $20 million from Chevron, ITOCHU, Hyzon Motors, and Ascent Hydrogen Fund. The company is based in Pinedale, Wyoming.

Participated · Seed · Mar 2024

Blue Laser Fusion develops a proprietary laser fusion system that pairs a high-efficiency megajoule pulse-energy laser with a fast repetition rate and a high-gain, aneutronic solid fuel target to achieve commercial fusion. The company positions its technology as a complete clean energy system for providing electrical power to homes, businesses, and electric vehicles. Blue Laser Fusion closed a $37.5M Seed funding round. Backers in the round included SoftBank Corp., Yusaku Maezawa through the Maezawa Fund, Itochu Corporation, JAFCO Group Co., Ltd., SPARX Group Co., Ltd. (Mirai Creation Fund III), and Waseda University Ventures. Founded in 2022 and based in Palo Alto, CA, the company was co-founded by Nobel Laureate Shuji Nakamura, Hiroaki Ohta, and Richard Ogawa. BLF plans to complete its first prototype in 2025 and to demonstrate a commercial-ready fusion reactor by 2030. Blue Laser Fusion is developing a proprietary laser fusion technology using HB11 fuel aimed at accelerating the transition to a carbon-free electrified world. Its laser enables Mega Joule pulse energy with a fast repetition rate to achieve commercial fusion, and the company holds over 200 claims in patent applications. The company recently raised $25M in initial Seed funding to support R&D and prototype development. Founded in 2022 by Shuji Nakamura (President and CEO), Hiroaki Ohta, and Richard Ogawa, the company is based in California. Blue Laser Fusion intends to use the funds to expand R&D operations in the Santa Barbara area and Tokyo to develop its prototype commercial reactor. It plans to complete its first prototype in 2025 and to demonstrate a commercial-ready fusion reactor by 2030. The company aims to create a complete clean energy system to supply electric power to homes, businesses and electric vehicles.

Participated · Series A · Oct 2023

ECOMMIT builds resource-circulation infrastructure and operates eight nationwide circular centers and logistics hubs while running PASSTO, a consumer-facing collection, sorting and re-use/recycle service. PASSTO has expanded to more than 4,500 collection points and achieves approximately a 98% reuse/recycle rate for collected clothing. The company has an in-house traceability system that digitizes material flows and reports reuse rates and CO2 reductions to support corporate and municipal sustainability initiatives. Through its Series B and a capital and business tie-up with Mercari, ECOMMIT plans to expand PASSTO locations, digitize (DX) its circular centers, support apparel and other circular-economy companies, and leverage data for new value creation. The Mercari partnership aims to integrate collection and reflow operations with Mercari’s platform, build collection schemes with brands and municipalities, and improve user experience by linking real and digital channels. ECOMMIT says it will continue to advance the Series B round to fund growth and broader social implementation of a "no-waste" society. ECOMMIT operates a circular-commerce business that collects, sorts, and re‑markets unwanted goods, aiming to "realize a society that does not throw things away." The company runs seven proprietary circulation centers and a self‑developed traceability system that quantifies reuse/recycle rates and CO2 reductions for partners. It has developed the PASSTO brand — an end‑to‑end collection, sorting, and reflow system — and plans to expand PASSTO placements and partner integrations. ECOMMIT will invest proceeds in equipment, system development, hiring, and branding to increase collection volumes and build out accessible local collection infrastructure. The company also plans a Kanto region circulation center with automated sorting and to pursue expansion into Asian markets. In the near term it will use quantified environmental contribution data to strengthen services and accelerate partnerships with companies and municipalities.