September 2025 UPDATES

FUND III

Monetized over 50 connections between designers of low-carbon buildings and manufacturers with low-carbon products.

Accepted into Google's competitive Startups Innovate Program, a four week course with Google engineers to deploy generative-AI features into their product. Ran four demos with major utilities and trading firms.

Launched Jetson Care, their comprehensive software service offering covering maintenance, monitoring and advanced energy savings and software features.

Oversubscribed their Seed extension by adding Jackson Family Wines, one of the largest wine growers in the world.

Hired a seasoned sales leader from Verizon and American Tower to spearhead their GTM strategy.

Announced their $38 million USD Series A round with wide ranging coverage, including pieces in Tech Crunch and Bloomberg. The investor syndicate was led by Evok Innovations with TDK Ventures, Toyota Ventures, TechEnergy Ventures, Renewal Funds, MCJ and Grantham Foundation.

Wrapped the summer season with statistically significant results proving that their technology and technique prevented high-risk lightning on demand across a wide variety of storms and geographies.

Structured MSA and reseller agreements with two large systems integrators to bring their solutions to market.

Achieved positive gross margins on their battery-swap energy network business. Signed a Term Sheet to lead their Series A.

FUND II

Expanded two existing customers and advanced their first enterprise customer contract.

Closed more than half of their 2026 ARR target 16 months early, after fully booking their 2025 target in July.

Signed UCSF, Chick Fil A and won ‘Most Innovative Product or Solution at the Society for Hospitality & Foodservice Management conference.

Closed an additional $100K in ARR.

Won the Grand Prize in the 2025 Consortium for Energy Efficiency (CEE) ‘Integrated Home Competition’ for their Bridge Pro, which helps open doors for program participation, utility pilot deals, incentives and broader adoption across the 38 US states and Canadian provinces that are influenced by CEE recommendations.

Achieved a 79% 12-month retention rate among cardmembers, showing the stickiness of its debit card product.

Shipped their first-ever HyLoader™ bulk hydrogen loading system to a customer in California.

Expanded their national reach by signing their first commercial solar projects in Massachusetts. Named a ‘Gold Winner’ at the Stevie Awards in the Sustainability Leadership category.

Converted a Fortune 500 sportswear brand from pilot to steady state license with three other major brands in the pipeline.

Launched the Charter employee pilot in Colorado and Texas, with early enrollments and program verifications underway.

Entered procurement with BP for a 6 month paid pilot and advanced a paid pilot with Google.

Signed OmniTRAX, one of North America’s largest short line operators, for full-network deployment of EcoRail, which opens significant ARR potential with their new savings-based revenue model. Demonstrated 11% average fuel savings in a pilot for Vermont Rail System.

Invited to present at the GE Vernova AI and Energy Symposium on AI-Enabled Intelligence for Datacenter Flexibility, which opens a pathway for strategic relationships with their ICP: datacenter operators.

Activated transaction revenue on three marketplace customer platforms following five sourcing events. Secured Creora Brazil as a strategic partner, representing 70% of the county’s spandex market.

FUND I

Advanced two deals with US bottlers and submitted a proposal to Diageo for an additional mezcal wastewater project.

Expanded across the full portfolio of a US-based multifamily customer less than two months after a successful pilot, with the retrofit tool now being integrated into critical project decisions.

Advanced its first commercial scale FrostCC® cryogenic carbon capture project with a major pulp & paper company.

Approved as a vendor for RBI Europe to provide full-service solutions for Popeyes and Burger King restaurants.

Highlighted at RE+, the largest clean energy event in North America, for their critical optimization insights.

Closed and signed pilots worth $600K ARR.

Expanded the contract value with Meta, one of their top customers, by 37.5% YoY.

Published the results of a product launch for Bionaturae that delivered 98% offer redemption to over 20K community members, with 85% intending to repurchase.

Announced a significant roaming agreement with FLO to expand charger access, integrated with ChargerHelp to streamline maintenance, and was recognized as one of Canada's top growing companies by The Globe and Mail.

Received over 10x increase in inbound leads following the media coverage of their funding round and the launch of paid marketing campaigns.