Market map · Worldwide

Industrial decarbonisation market map

67 industrial decarbonisation startups worldwide that have raised money in rounds we track, placed in 4 segments by what each says it does. Together they have raised $2.4B; the biggest segment is electrification, with 38 companies.

67startups on the map
4segments
$2.4Braised between them
Steel and metalsmost funded segment

Electrification

38

+14 more

Industrial heat

20

Steel and metals

6

Cement and concrete

3

Segment by segment

Electrification

38 startups · $738M raised

  1. Lunar EnergyLunar Energy is a renewable energy company based in Mountain View, California, founded in 2020.United States$334M
  2. SunlySunly develops and operates renewable energy projects and invests in electrification startups.Estonia$97M
  3. In-Charge EnergyIn-Charge Energy is an energy solutions company that is accelerating electrification of the transportation industry.United States$46M
  4. Mitra EVMitra EV offers electric fleet solutions for businesses, focusing on commercial fleet electrification.United States$27M
  5. Decade EnergyDecade Energy develops energy storage, charging, and software solutions that secures power for electric fleets at the lowest possible cost.France$26M
  6. TretauTretau, formerly known as Tau Group, is a global leader in deeptech focused on sustainable, solvent-free magnet wire innovation.Italy$23M
  7. H3X TechnologiesH3X Technologies is an engineering and electric motor manufacturing company based in Louisville, Colorado.United States$20M
  8. TaxelcoTaxelco is the largest taxi dispatcher and traditional taxi company in Quebec and Canada, based in Montréal.Canada$17M

Industrial heat

20 startups · $533M raised

  1. Skyven TechnologiesSkyven Technologies is an energy-as-a-service company with a mission to decarbonize industrial process heat.United States$145M
  2. Kanin EnergyKanin Energy is a clean technology developer founded in 2020, focused on industrial decarbonization.Canada$100M
  3. Rondo EnergyRondo Heat Battery powers industrial processes with renewable electricity, cutting energy costs and eliminating emissions.United States$80M
  4. JIMMYJimmy Energy is a French industrial startup founded in 2020, focused on designing and operating thermal generators powered by 4th-France$49M
  5. Odqa Renewable Energy TechnologiesOdqa Renewable Energy Technologies is an engineering spin-out from Oxford University, established in 2017.United Kingdom$21M
  6. Karman IndustriesKarman Industries is an industrial energy technology company based in Los Angeles, founded in 2024.United States$20M
  7. EPYRIndustrial heat represents 25% of global energy consumption and remains one of the hardest sectors to decarbonize, with 80% still France$20M
  8. Realta FusionRealta Fusion develops fusion energy technology for the production of industrial heat and power.United States$19M

Steel and metals

6 startups · $1.1B raised

  1. ElectraElectra is decarbonizing ironmaking for green steel production using intermittent renewable energy and low-grade iron ores.United States$1.1B
  2. Fex EnergyFeX Energy is a Montreal-based clean technology startup founded in 2023, emerging from over 15 years of research.Canada$3.5M
  3. Green Steel EnvironmentalGreen Steel Environmental is a wastewater treatment company located in Boulder, Colorado.United States$1.7M
  4. CirculaCarCirculaCar is a French B2B startup founded in 2022, specializing in vehicle electrification for professional and industrial sectors.France$1.2M
  5. Red Paramount IronRed Paramount Iron is a steel feed production company that produces green steel feed.Canada$1.1M
  6. Grit MetalsEuropean Energy Metals is focusing on lithium and rare-earth element projects to aid in global decarbonization and electrification efforts.Canada$722K

Cement and concrete

3 startups · $52M raised

  1. NNeoCemNeoCem creates, manufactures, and promotes a variety of low-carbon cements for the building industry.France$45M
  2. Hoffmann Green Cement TechnologiesHoffmann Green Cement Technologies is a Manufacturer of low carbon cement for construction and land use planning.France$6.0M
  3. CarbonStrongCarbonStrong is a climate-tech startup based in Bangalore, founded in 2022.India$1.3M

How this map is made. Every startup here has raised money in rounds we track. It joins the map when its sectors, read from its rounds, or the opening of its own description say it works in industrial decarbonisation, and goes to the first segment whose words it carries. Each segment shows its best-funded first. Rebuilt nightly; updated 15 November 2026.

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