JULY 2025 UPDATES

FUND III

Signed 4 LOI’s with product manufacturers, building core relationships in their work of connecting demand for low-carbon buildings with the supply of low-carbon products.

Received legal approval for the contract with Vitol a large energy and commodities company and submitted a $1.1 million bid to Innovative Solutions Canada AI Program.

Closed another >30% growth month, surpassing $30 million revenue run rate after only 10 months in operations.

Crossed over 100 million gallons irrigated monthly using the Lumo system, powered by a new AI beta feature release enabling their highest volume customers to more precisely schedule and monitor irrigations for leaks.

Signed an SOW with a government testing facility to deploy their antenna monitoring product on multiple towers with the intention to form a channel partnership.

Completed operational improvements to their sensors, validation models, forecasting tools, satellite communications and flight safety parameters in different weather conditions from pop-up cells to supercells with tornado warnings.

Began contracting with a Massachusetts utility on interconnection automation. Demonstrated internal AI training on ERCOT, Eastern Interconnect, and WECC in under two weeks.

Reached 100 electric motorbikes in operation.

FUND II

Closed $33K of new business and selected as a finalist for a $60K Washington DC innovative company grant.

Made significant operational improvements including reducing machine labour by 66% without impacting quality, reduced COGS by 30% and began expanding their facility (again) to meet growing demand.

Closed a Bridge round with existing investors and a new major investor.

Closed $50K in new sales leveraging their new Day-Ahead product and a new demand response program through Hydro One.

Grew the B2B segment revenue by 67% over last year.

Grew monthly card spend by 22% by increasing cardmembers and wallet-share.

Shipped the first phase of the multi-million dollar Avina hydrogen refuelling station to California.

Contracted by a large dry commodities bulk trader, unlocking a new market.

Completed ten additional solar programs in California totaling over 3 MW in solar capacity.

Completed all win conditions in the pilot project with a large industrial parts manufacturer, representing a $1.5 million partnership opportunity.

Successfully upsold a ‘Whole Home Optimization Pilot’ on the ComEd Optimized Charging Pilot program on the road to scale the account to $2 million ARR.

Closed a $25K contract with a project developer focused on CO2 utilization, a key milestone in being able to reduce sighting costs and improve long-term outcomes for any form of industrial infrastructure

Signed a MOU with Genesee & Wyoming railroad to run 2 pilot projects to validate fuel savings in advance of a potential full rollout.

Executed AI-powered Energy Management Systems case studies that showed up to 36% higher returns, faster payback, and smarter, data-driven operational efficiency of energy assets.

Announced the launch of Brasil Textil during the ONDM trade show, expanding Tengiva's white-labeled marketplace platform into Brazil's $20 billion textile production market.

FUND I

Advanced deals with Diageo at a Mezcal facility in Mexico and Viscofan at a sausage facility in Alabama.

Kicked off a strategic pilot with one of the world's largest alternative asset managers ($1 trillion AUM) to explore portfolio-wide net zero strategies and prioritize decarbonization across a large set of assets.

Signed a lead term sheet for a Series A financing of the newly spun out FrostCarbon.

Installed 456,000 chopstick feature bartop at Purebread in Vancouver’s YVR Airport. Since 2017, ChopValue rescued 1.5 million chopsticks from YVR restaurants alone.

Contracted for nearly 2 GW of wind and solar assets by a major developer in Oceania.

Launched a strategic initiative to automate/productize all of the company’s operational bottlenecks with AI-enabled tools— driving a 500% increase in our utility bill savings calculation process.

Generated +$700K in sales pipeline, their strongest month this year.

Released Product Landing Pages, an upgrade that brings cleaner design, seamless offer discovery, and a much richer conversion experience for Social Nature users.

Completed a $1.5 million project with Kite Mobility, funded by the Ontario Vehicle Innovation Network, to understand tenant EV charging behavior and how EV charging infrastructure in high-density buildings can be optimized to reduce strain on local grids across Canada.