# New Industrial Decarbonisation Startups Founded Since 2020: Market Map 2026 (29 Companies) > 29 industrial decarbonisation startups founded in 2020 or later, mapped in 3 segments, best-funded first: $1.9B raised. Updated nightly. Source: https://millionrounds.com/market-maps/new-industrial-decarbonisation-startups-market-map (Millionrounds; every figure on the page links to its filing or article) ## Industrial heat 13 - [Kanin Energy](https://millionrounds.com/company/kanin-energy) - [Rondo Energy](https://millionrounds.com/company/rondo-energy) - [JIMMY](https://millionrounds.com/company/jimmy) - [Karman Industries](https://millionrounds.com/company/karman-industries) - [Realta Fusion](https://millionrounds.com/company/realta-fusion) - [Zero Homes](https://millionrounds.com/company/zero-homes) - [TheStorage](https://millionrounds.com/company/thestorage) - [Cache Energy](https://millionrounds.com/company/cache-energy) - [HyperHeat](https://millionrounds.com/company/hyperheat) - [Cixten](https://millionrounds.com/company/cixten) - [Blue Capsule Technology](https://millionrounds.com/company/blue-capsule-technology) - [Good Heat](https://millionrounds.com/company/good-heat) - [Yottar](https://millionrounds.com/company/yottar) ## Electrification 13 - [Lunar Energy](https://millionrounds.com/company/lunar-energy) - [Mitra EV](https://millionrounds.com/company/mitra-ev) - [Decade Energy](https://millionrounds.com/company/decade-energy) - [H3X Technologies](https://millionrounds.com/company/h3x-technologies) - [SunRoof](https://millionrounds.com/company/sunroof) - [Flipturn](https://millionrounds.com/company/flipturn) - [Pyxis](https://millionrounds.com/company/pyxis) - [Kopperfield](https://millionrounds.com/company/kopperfield) - [Monterra](https://millionrounds.com/company/monterra) - [zMatch](https://millionrounds.com/company/zmatch) - [Dragon Q Energy](https://millionrounds.com/company/dragon-q-energy) - [Openvolt](https://millionrounds.com/company/openvolt) - [Nuworld Energy](https://millionrounds.com/company/nuworld-energy) ## Steel and metals 3 - [Electra](https://millionrounds.com/company/electra) - [Fex Energy](https://millionrounds.com/company/fex-energy) - [Green Steel Environmental](https://millionrounds.com/company/green-steel-environmental) ## Segment by segment ### Industrial heat 13 startups · $306M raised - [**Kanin Energy**](https://millionrounds.com/company/kanin-energy) Kanin Energy is a clean technology developer founded in 2020, focused on industrial decarbonization. Canada $100M - [**Rondo Energy**](https://millionrounds.com/company/rondo-energy) Rondo Heat Battery powers industrial processes with renewable electricity, cutting energy costs and eliminating emissions. United States $80M - [**JIMMY**](https://millionrounds.com/company/jimmy) Jimmy Energy is a French industrial startup founded in 2020, focused on designing and operating thermal generators powered by 4th- France $49M - [**Karman Industries**](https://millionrounds.com/company/karman-industries) Karman Industries is an industrial energy technology company based in Los Angeles, founded in 2024. United States $20M - [**Realta Fusion**](https://millionrounds.com/company/realta-fusion) Realta Fusion develops fusion energy technology for the production of industrial heat and power. United States $19M - [**Zero Homes**](https://millionrounds.com/company/zero-homes) Zero Homes is a technology company based in Denver, founded in 2021-2022. United States $17M - [**TheStorage**](https://millionrounds.com/company/thestorage) TheStorage is a Finnish cleantech startup based in Tampere, focused on developing industrial thermal energy storage systems. Finland $5.4M - [**Cache Energy**](https://millionrounds.com/company/cache-energy) Cache Energy is a technology startup based in Champaign, Illinois, focused on long-duration energy storage (LDES) and heat electrification. United States $4.0M ### Electrification 13 startups · $455M raised - [**Lunar Energy**](https://millionrounds.com/company/lunar-energy) Lunar Energy is a renewable energy company based in Mountain View, California, founded in 2020. United States $334M - [**Mitra EV**](https://millionrounds.com/company/mitra-ev) Mitra EV offers electric fleet solutions for businesses, focusing on commercial fleet electrification. United States $27M - [**Decade Energy**](https://millionrounds.com/company/decade-energy) Decade Energy develops energy storage, charging, and software solutions that secures power for electric fleets at the lowest possible cost. France $26M - [**H3X Technologies**](https://millionrounds.com/company/h3x-technologies) H3X Technologies is an engineering and electric motor manufacturing company based in Louisville, Colorado. United States $20M - [**SunRoof**](https://millionrounds.com/company/sunroof) SunRoof International Holding AB is a Swedish-Polish startup founded in 2013, specializing in innovative home electrification solutions. Sweden $15M - [**Flipturn**](https://millionrounds.com/company/flipturn) Flipturn engages in combat climate change by accelerating transportation electrification. United States $11M - [**Pyxis**](https://millionrounds.com/company/pyxis) Pyxis is a maritime electrification company based in Singapore, founded in 2022. Singapore $10M - [**Kopperfield**](https://millionrounds.com/company/kopperfield) Kopperfield is a Seattle-based technology company focused on home electrification. United States $5.0M ### Steel and metals 3 startups · $1.1B raised - [**Electra**](https://millionrounds.com/company/electra) Electra is decarbonizing ironmaking for green steel production using intermittent renewable energy and low-grade iron ores. United States $1.1B - [**Fex Energy**](https://millionrounds.com/company/fex-energy) FeX Energy is a Montreal-based clean technology startup founded in 2023, emerging from over 15 years of research. Canada $3.5M - [**Green Steel Environmental**](https://millionrounds.com/company/green-steel-environmental) Green Steel Environmental is a wastewater treatment company located in Boulder, Colorado. United States $1.7M **How this map is made.** Every startup here has raised money in rounds we track, and was founded in 2020 or later. 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. ## More market maps [All maps](https://millionrounds.com/market-maps) [Market map **Industrial decarbonisation market map** 67 startups · 4 segments · $2.4B](https://millionrounds.com/market-maps/industrial-decarbonisation-market-map)[Investors map **Who invests in industrial decarbonisation** 18 investors · 3 segments](https://millionrounds.com/market-maps/industrial-decarbonisation-investors-map)[Market map **Marketing tech market map** 1,963 startups · 7 segments · $41B](https://millionrounds.com/market-maps/marketing-tech-market-map)[Market map **Fintech market map** 1,633 startups · 8 segments · $139B](https://millionrounds.com/market-maps/fintech-market-map)[Market map **Vertical AI market map** 1,352 startups · 8 segments · $38B](https://millionrounds.com/market-maps/vertical-ai-market-map)[Market map **Crypto and Web3 market map** 1,297 startups · 8 segments · $33B](https://millionrounds.com/market-maps/crypto-and-web3-market-map) ## Who backs industrial decarbonisation? Open any company for its rounds and investors, or search the investors behind these startups in the app, with filters, lists and exports. [Find their investors](https://millionrounds.com/login?join=1&next=/app/investors)[Top lists](https://millionrounds.com/top-lists)