Assets | Owners |
+ Breakthrough Energy Europe |
2022
Bill Gates Foundation invested in Terabase Energy
On August 5, 2022, it became known that Terabase Energy, which offers software, solutions for automating and deploying solar farms, raised $44 million in a round of funding led by Breakthrough Energy VenturesBill Gates to commercialize its technology for automated construction of solar power plants. Read more here.
Investing in Source Global, developer of technology that turns air into drinking water
March 28, 2022 it became known that the venture fund Breakthrough Energy, founded by Bill Gates, invested in the startup Source Global, which creates hydropanels that make drinking water from the air. Read more here.
2021
Investing in low-cost electric car battery developer OurNext Energy
On October 18, 2021, BMW and Bill Gates funds invested in OurNext Energy, which develops advanced batteries for electric vehicles. The startup completed a Series A funding round, raising $25 million. Read more here.
Investing in hydrogen engine developer ZeroAvia
On March 31, 2021, ZeroAvia announced the raising of $24.3 million. Taking into account these investments, the total amount of funds received by the developer of hydrogen engines with Russian roots from investors has reached $74 million since its inception. Most of all in the funding round ZeroAvia, which was announced at the end of March 2021, the startup was provided by the Horizons Ventures fund. Also participating in the deal were Ecosystem Integrity Fund, Summa Equity, Shell Ventures, SYSTEMIQ and Breakthrough Eneregy Ventures (the key investor in this fund is Microsoft co-founder Bill Gates). In addition, British Airways has joined the number of ZeroAvia investors . Read more here.
Investing in Turntide Technologies Cloud-Controlled Engine Developers
In mid-March 2021 American , a cloud-controlled engine developer Turntide Technologies raised $80 million in a funding round led by Breakthrough Energy Ventures, a co-founder. Microsoft Bill Gates Other investors Amazon include Climate Pledge Fund (established by its founder), Amazon Jeff Bezos Footprint Coalition Ventures by actor Robert Downey Jr., Keyframe Capital, Fifth Wall and Captain Planet LP. Turntide's total funding, including the latest round, was $180 million. More. here
2020
Investing in hydrogen engine developer ZeroAvia
In mid-December 2020, it became known about the investment of $37.7 million in ZeroAvia. A group of investors has invested in the startup, which includes Breakthrough Energy Ventures and Amazon Climate Pledge Fund, founded by billionaires Bill Gates and Jeff Bezos, respectively. Read more here.
Bill Gates, Jeff Bezos invest in artificial breast milk maker Biomilq
In mid-June 2020, it became known that Bill Gates and Jeff Bezos invested in the manufacturer of artificial breast milk Biomilq. Read more here.
Investing in a company that helps mine the main component of batteries
In mid-February 2020, it became known that the Breakthrough Energy Ventures fund, led by Bill Gates, became the main investor in the mining technology company Lilac Solutions, which seeks to optimize lithium production and ensure environmental protection. As part of Series A financing, the company received $20 million. Read more here.
2018: €100m fund launched by Bill Gates
On October 17, 2018, Bill Gates launched the Breakthrough Energy Europe fund, funds from which will be used to develop "fundamentally new" technologies in the field of environmentally friendly power.
The fund is 100 million euros. Half of this amount will come from the Breakthrough Energy Ventures fund (its size is $1 billion), to which money is sent not only by Bill Gates, but also by several other richest people on Earth, including Amazon founder Jeff Bezos, media manager Michael Bloomberg, head AlibabaJack Ma, head of Virgin Group Richard Branson.
The second half of the funds for Breakthrough Energy Europe will be taken from InnovFin, a division of the European Investment Bank specializing in research and innovation projects.
Breakthrough Energy Europe will invest in projects related to reducing greenhouse gas emissions, as well as aimed at improving energy efficiency in the fields of electricity production, transport, agriculture, industry and construction.
According to Gates, 100 million euros will be transferred to Breakthrough Energy Europe in "a couple of years," after which the fund's activities can be further funded.
By October 2018, Breakthrough Energy Ventures had invested in 20 startups, most of which operate in North America. Breakthrough Energy Europe is a European project, its offices will be opened in EU countries. Money from the fund will be received by European companies engaged in energy technologies that do not allow pollution.
Bill Gates noted that Europe "has demonstrated its relevance as a leader in clean power by investing heavily in research and development."[1]
Notes
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