Unless you’ve been living under a rock, you’ll know sustainability is the future of any industry or investment strategy.
Now Europe boasts at least 800 climate tech startups with more and more launching each year. Public sentiment for immediate climate action is at an all-time high: a 2020 report conducted by Europa found that 94% of Europeans believe environmental protection is important to them personally.
The impact of sustainability has well and truly hit the European startup ecosystem, and climate techs, greentechs and cleantechs are getting just as mega as the rest.
Arrival, the electric vehicle company, plans to go public soon at a valuation of $13bn. Battery manufacturer Northvolt is rumoured to be next, after recently announcing a huge 10-year partnership with Volkswagen, which made a $14bn battery cell order. It’s not just electric vehicle or energy startups, of course — oat milk unicorn Oatly raised $200m last July from Blackstone and celebrities including Oprah Winfrey, Natalie Portman and Jay-Z, valuing the company at $2bn.
But there’s a lot more growth to be had — and Sifted’s on the case to find out where.
With help from our network, Dealroom data and our own research, we’ve cherrypicked the best and brightest of the bunch in Europe to form our first-ever sustainability rankings — the Sustain 100. Each startup has got sustainability at the very heart of its mission and messaging — climate communication is imperative today — while identifying the critical gaps in climate innovation with some fascinating tech.
You’ve probably heard of refurbished product marketplace Back Market and vertical farming superstar Infarm, which last year raised €110m and $170m respectively — but there are plenty more sustainability startups with high potential out there.
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