Some call it the “commercial valley of death,” and it’s the point at which many climate tech startups struggle.
Climate nonprofit Prime Coalition is hoping to bridge the valley with a new program, Trellis Climate.
Trellis Climate follows the latter model with a focus on middle stages, where capital has grown scarce.
“There are more and more philanthropists that are really interested in solving the climate problem,” Lara Pierpoint, director of Trellis Climate, told TechCrunch.
“It is the most flexible and potentially risk-forward set of dollars that are out there.”For founders in climate tech, that sort of funding is likely welcome news.
NASA Administrator Bill Nelson has pronounced the agency’s $11 billion, 15-year mission to collect and return samples from Mars: insufficient.
But the strategy shift could be a huge boon to space startups, to which much of that planned funding will almost certainly be redirected.
(There’s plenty of time to save and repurpose the most important concepts and research already done by NASA and its partners.)
But the official announcement, and the implication that it is the new generation of space companies that will accomplish ambitious goals like a there-and-back trip to Mars, must be very validating.
Whatever that new plan may be, it will almost certainly rely far more than before on commercial services and hardware.
Like many immigrants, the New York City skyline was one of the first sights young brothers Edi and Etrit Demaj took in when they arrived in the U.S. over 20 years ago.
“The first building that we saw was the Empire State Building,” Etrit recalls.
The Demaj family soon settled in Detroit, where the brothers completed their education and started various companies, including their latest, Kode Labs, which integrates and automates various systems in commercial buildings — including the Empire State Building.
When the Demaj brothers founded Kode in 2017, they sought to bring building management into the cloud era.
The brothers liken it to an OS that integrates building systems like a computer OS integrates various circuit boards.
The transactions include a trading card commercial agreement that aims to provide trading enthusiasts a seamless buying, selling, grading, and storage experience.
As part of the partnership, eBay and PSA plan to introduce a “customer-centric product experience” over the coming months.
Additionally, eBay acquired Collectors’ auction house Goldin, a significant move that will greatly benefit collectors.
eBay is also selling the eBay vault to Collectors, creating a new offering that merges the existing vault services.
Launched in 2022, the eBay vault allows collectors to store trading cards that are valued at more than $750 in a secure, temperature-controlled vault.
New U.S. ‘green bank’ aims to steer over $160B in capital into climate techFor years, banks have been financing large renewable power projects, from utility-scale solar farms to horizon-spanning wind farms.
But the demand is there, which is why advocates have been clamoring for the federal government to support a so-called green bank, which will underwrite these sorts of projects.
That green bank is now a reality.
Green bank loans have a pretty good track record, too.
The Connecticut Green Bank, for example, has a delinquency rate that’s on par with other commercial lenders across both residential and commercial portfolios.
A new report highlights the demand for startups building open source tools and technologies for the snowballing AI revolution, with the adjacent data infrastructure vertical also heating up.
A broader look at the “top 50 trending” open source startups last year reveals that more than half (26) are related to AI and data infrastructure.
This ethos often translates into commercial open source startups which might not have a traditional center of gravity anchored by a brick-and-mortar HQ.
For comparative purposes, there are other indexes and lists out there that give a steer on the “whats hot” in the open source landscape.
So the ROSS Index has emerged as a useful complementary tool for figuring out which open source “startups” specifically are worth keeping tabs on.
Bankrupt commercial EV startup Arrival has sold some of its assets, including advanced manufacturing equipment to Canoo, another struggling startup trying to build and sell electric vehicles.
Canoo said the purchased assets, packed into more than 20 container ships, will be sent to the company’s facility in Oklahoma.
The company previously acquired all of the new, and “like-new” assets owned by Arrival’s business unit in the United States.
Arrival announced in January that it planned to sell off assets and IP from its U.K. division after filing for bankruptcy protection in the U.K.
Arrival never produced any commercial vehicles at scale and its market valuation is now around $7.7 million.
Chances are you may have noticed that many commercial vehicles are now electric vehicles — think about delivery vans, telecom minivans, utility maintenance trucks, etc.
That’s why Pelikan Mobility has been building a platform and a leasing solution that address this challenge caused by the switch to EVs for commercial fleets.
Many companies lease their commercial vehicles and Pelikan Mobility believes that pricing is broken for commercial EVs.
Leasing contracts — even for commercial vehicles, even for electric vehicles — end far too quickly.
It will also have to raise a debt fund for that new business as Pelikan Mobility plans to address large customers.
This piece combines Ai video, Ai photo, 3D CGI, 2D VFX, Motion graphics, 35mm film, digital video and advances in Ai voiceover.
Every current Ai tool was explored and pushed to the maximum.” [I have left “AI” as “Ai” throughout.]
In an apparently now-deleted comment, Walker says that they did ask for access to Joshua, but “were rejected several times.
They didn’t need crew, they didn’t need locations, they didn’t need craft… Filmmakers have to stand together as we traverse this new AI landscape.
Perhaps they underestimated the passion of the creators whose decidedly analog and human-focused processes actually produce original and compelling content.
Waymo will begin offering a robotaxi service to the public in Los Angeles this week and in Austin by the end of the year, the company’s co-CEO Tekedra Mawakan said Wednesday at SXSW.
Opening up a robotaxi service means the public will be able to hail a ride in a driverless car via the Waymo One app.
Austin will become the fourth city where Waymo operates a commercial driverless service.
Waymo also operates a robotaxi service in Phoenix, San Francisco and soon Los Angeles.
Unlike Texas, regulators in California require companies hoping to deploy commercial robotaxi services to attain a number of permits.
