APRIL 2025 UPDATES

FUND III

Released three new features: static & dynamic portfolios, organization-wide accounts, and custom wall assemblies–a big leap towards more accurate and transparent whole life carbon assessments. Welcomed Nathan Burg as their new AI Engineering Lead.

Another record month of heat pump upgrades completed. Gearing up for an accelerated geographic expansion beginning in July. Featured in BCBusiness. 

Booked ~$1 million in new revenue including their largest expansion to date with Treasury Wine representing 2000 acres.

Received their first commercial commitment from a Canadian tower company and began the certification process for their antenna monitoring product to enable public network deployments at scale.

Early limited trials have proven their models’ abilities to forecast lightning and identify precise coordinates for treatments one hour in advance of actual lightning, with a nearly 100% success rate.

Named as one of only two energy companies selected in CB Insights’ ninth annual AI100, showcasing the 100 most promising and innovative private artificial intelligence companies in the world.

Officially kicked off their bike mass production and surpassed 10,000 customers on their waitlist in Kenya.

FUND II

Signed $47.8K in new ARR and added $217K to the sales pipeline, including a $20K expansion with Joseph Phelps Vineyards.

Secured $1 million in leafy greens and sprouts seed sale commitments. Commissioned their 2nd and 3rd machines from Columbia Tech, which have 42,000 lbs of monthly capacity. 

Signed a commercial agreement with Flik/AstraZeneca, while growing ARR to ~$5 million.

Closed another three customers in their new target market, further validating the segment. Arlo surpassed 1000 business verifications.

Successfully opened the New Jersey market for Integrated Controls and onboarded Daikin Northeast as a distribution partner.

Expanded in Boston. Achieved 2.3% average monthly churn for the past six months while growing engagement to an average of 24 monthly card purchases.

Secured a $5 million order and unveiled their new hydrogen dispenser design at the Canadian Hydrogen Convention.

Completed the proof of concept stage for a browser AI agent that automates the recycling market process for 2-4X greater revenue, which will launch in Q3.

Signed their first solar projects in Delaware and Pennsylvania and have now surpassed over 2 MW of capacity in these markets.

Early pilot outcomes with a major sportswear brand shortened a 6 week prototyping cycle for new designs into a simulation that can run in a matter of minutes.

Successfully completed the auto-enrollment phase for Ava, their largest program to date, showcasing Optiwatt's ability to quickly onboard existing users to new utility programs.

Officially launched their data center coverage feature, with 8 commercial trials in play.

A successful in-cab demo at Wheeling & Lake Erie, with the VP of Transportation onboard, demonstrated 24% fuel savings with no impact on schedule, reinforcing EcoRail’s value proposition.

Introduced a cutting-edge energy forecasting tool for power producers, grid operators, and utilities that forecasts 3X better than the ISO’s.

Launched Colombia-textiles.com with 80% of the national market confirmed for onboarding, and shared their scalable impact strategy together with Janet Bannister at NACO 2025’s Founder & Fund conference.

FUND I

Received a large purchase order for both product solutions for a new site with an existing customer in California.

Joined the Moderne Ventures Passport program to drive lead generation and refine messaging for the asset management audience.

Received a signed term sheet for their subsidiary commercializing Frost CC technology.

Opened their first flagship Japan Microfactory and launched a campaign with KOKUYO during their Earth Day event in Tokyo.

Secured new European contracts representing 287 MW of onshore and 659 MW of offshore assets. Won eight wind farms in Scandinavia, replacing a long-time competitor.

Closed an oversubscribed $5 million Series A extension round.

Announced a new app in Partnership with Microsoft, integrating directly with tools like Microsoft Copilot to help accelerate sustainability reporting and research with AI, and closed their first deal through this channel.

Achieved 107% of its monthly revenue target.

Awarded a $3.8 million grant from the California Energy Commission to deploy hundreds of chargers at multifamily housing in disadvantaged communities across the State, in partnership with Greystar Properties.