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Q1 2024
PitchBook Analyst Note: VC Investment in Climate Tech
March 5, 2024
Note: This is the free edition of premium content produced by our Emerging Technology Research team. As a result, parts of this version are blurred out. The full version is available only to PitchBook clients.
A topsy-turvy year for climate tech
For climate tech startups, 2023 was a year of highs and lows. VC investment fell 14.5% YoY, reaching a quarterly low of $7.1 billion in Q4. But there are plenty of tailwinds paving the way for a stellar 2024: favorable regulation and policy, high energy prices, and consumer demand, to name a few.
Low-carbon mobility, industry, and grid infrastructure are attracting particular attention from investors. Dive into the nooks and crannies of the wide-ranging world of climate startups in our latest analyst note.
Table of contents
A topsy-turvy year for climate tech
For climate tech startups, 2023 was a year of highs and lows. VC investment fell 14.5% YoY, reaching a quarterly low of $7.1 billion in Q4. But there are plenty of tailwinds paving the way for a stellar 2024: favorable regulation and policy, high energy prices, and consumer demand, to name a few.
Low-carbon mobility, industry, and grid infrastructure are attracting particular attention from investors. Dive into the nooks and crannies of the wide-ranging world of climate startups in our latest analyst note.
Table of contents
| Key takeaways | 1 |
| Vertical introduction | 2 |
| Climate tech VC ecosystem market map | 3 |
| VC deal activity | 5 |
| Climate tech drivers | 12 |