Currently, there is much talk of the climate technology sector dealing with macroeconomic conditions that are shaking up the broader tech market.
We’ve seen layoffs at some of the biggest climate technology companies, like EV truck maker Arrival, but the industry hasn’t. Mass deportation Other sectors have felt it – and climate companies are still growing.
Sifted has analyzed the 10 fastest growing by headcount based on data Reception room.
To prevent the results from being skewed by a very small group of people making more hires, we’re only looking at companies that have collectively raised more than €50m.
Headcount growth can provide a good indication of the rising stars in the climate tech world, and which companies we should keep our eye on.
1/ IKomma5
Germany has a strong solar startup scene, but 1Komma5, founded last year, managed to stand out from the pack. By installing solar panels on customers’ homes, it reduces their dependence on the existing power grid.
The company has increased by 200% in the last six months, up to 63 people.
Based on: 2021
head office Hamburg
Team progress this year: 200% to 63 people
Total funding $330 million
2/ field
Battery Storage Field, which is working on technology to store renewable energy, has grown its headcount by 175 percent in the past six months.
Field was founded by Amit Gudka, who previously took energy supplier Ampol into administration late last year. His new company is backed by Plural New Fund, which is run by former operators, including the founder of Wiz.
Based on: 2020
head office London
Team progress this year: 175% to 44 people
Total funding $95 million
3/ Nucleo
The nuclear technology company has increased its headcount by 143 percent in the past six months. The London-based startup is working on small nuclear reactors that can safely extract power from nuclei.
His 30 megawatt prototype is significantly smaller than conventional nuclear power plants – meaning up-front installation costs are cheaper. Nucleo earlier this year raised a £258m round to build its first plants in the UK and France.
The list of investors is particularly heavy in Italy – Italian investors Lyft and Azimut Group, along with a network of Italian business angels, have backed the company.
Based on: 2021
head office London
Team progress this year: 143% to 85 employees
Total funding $448 million
4/5ire
London-headquartered 5ire launched in November 2021 and has already been valued at $1.5 billion. The company is building a sustainable blockchain, with the aim of combating criticism that the industry is too powerful.
5ire earlier this year secured a $100m Series A round from UK-based Sram and Mram.
Based on: 2021
head office London
Team progress this year: 114% to 105 employees
Total funding $121 million
5/ sweep
The French carbon management platform secured a $73 million Series B earlier this year, making it the best-funded startup in the sector. The funding is to increase the headcount to 62 people, which has grown 100% in the last six months.
One of his latest hires comes from the French government – Julien Dunmandy, former Minister of Food and Agriculture, joined this week as chief influence officer.
established: 2020
Headquarters: Paris
Team progress this year: From 100% to 62 people
Total funding $100 million
6/ Hiring
French startup Vercor is developing lithium-ion batteries for both electric vehicles and energy storage to capture electricity from renewable energy sources.
In October last year, the company raised 100 million euros from investors including Renault and Capgemini and completed the construction of the pilot for the planned giant factory.
established: 2020
HeadquartersGrenoble, France
Team progress this year: 92% to 51 employees
Total funding: 110 million dollars
7 / Volta cars
Swedish electric car maker Volta Truck has grown its headcount by 80 percent in the past six months.
Volta Cars has launched a purpose-built business. 16-ton electric car Up to 200 km per charge. It expects to sell 500 of them by 2022, and 5,000 by 2025.
established: 2019
Headquarters: Stockholm
Team progress this year: 80% to 429 people
Total funding: 323 million dollars
8/ British Vault
Founded in 2019, BritishVault is creating the UK’s first. gigafactory To produce batteries for electric vehicles and energy storage.
It was recently reported that rising energy prices have pushed back the Gigafactory’s construction schedule, but British Volt’s headcount continues to grow, up 68% in the past six months.
established: 2019
HeadquartersHinckley and Bosworth, UK
Team progress this year: From 68% to 261 people
Total funding $437 million
9/ Tevva Motors
Electric car manufacturer Tevva was founded in 51 m It was confirmed in June.
Tevva is currently working on putting a 7.5-ton all-electric truck into production as well as a 7.5-ton hydrogen-electric truck.
established: 2012
Headquarters: Tilbury, UK
Team progress this year: From 61% to 205 people
Total funding: $140 million
10/ Zero North
Danish startup Zero North operates a platform that aims to green the shipping industry by providing actionable insights into fuel savings and cargo distribution. The company has increased its headcount by 59 percent in the past six months.
established: 2020
Headquarters: Copenhagen
Team progress this year: From 59% to 151 people
Total funding: 50 million dollars
Freya Prati is a reporter for Sifted. She tweets from @FPratty And writes our climate technology newsletter – You can register here.
