SWAN Announces Follow-On Investment in ClearFlame Engine Technologies

The SWAN Impact Network is pleased to announce a recent follow-on investment in ClearFlame Engine Technologies, part of a larger raise of $30M in Series B funding for the company.

The latest investments were led by Mercuria Energy Group, one of the world’s largest privately held energy and commodities companies, with Mercuria and Breakthrough Energy Ventures both making second investments. New investors, including mining corporation Rio Tinto, and WIND Ventures, the strategic venture arm of Copec, one of Latin America’s leading mobility and energy companies, see ClearFlame as part of a holistic suite of strategies to advance environmental, social and governance (ESG) goals.

ClearFlame Engine Technologies significantly reduces GHG emissions for long-haul trucking, agriculture, power generation, and other sectors by transforming heavy-duty engines to run more cost-effectively and cleaner on 100% renewable, plant-based fuels.

SWAN previously invested in ClearFlame Engine Technologies in 2020 and 2021.

SWAN Welcomes Goodwin Procter LLP as Newest Sponsor

SWAN is pleased to announce that Goodwin Procter LLP has joined SWAN as our newest sponsor.

Goodwin’s nearly 2,000 lawyers focus on building authentic, long-term relationships with clients, who are some of the world’s most successful and innovative investors, entrepreneurs, and disruptors at the convergence of and within the life sciences, private equity, real estate, technology, and financial industries. Their immersive understanding of their clients’ industries – combined with their expertise across high-stakes litigation and dispute resolution, world-class regulatory compliance and advisory services, and complex transactions – sets them apart. Goodwin Law has offices in various cities in North America, Europe, and Asia.

 

Making an Impact in 2022: SWAN’s Year End Review

Despite the economic uncertainties experienced by our angel investors in 2022, they
stepped up and invested in eleven social or environmental impact companies. SWAN angels are committed to making the world a better place.

SWAN’s investments enable creative entrepreneurs to
address important United Nations Sustainable Development Goals.

The SWAN Impact Network’s portfolio significantly increased in value in 2022.
And SWAN established a Philanthropic Fund that allows charitable
donations to be invested in companies that have been funded by SWAN angels.

In 2022, SWAN  added to its broad alliance of impact and syndication partners.

 

Portfolio company Yotta Energy Selected to Participate in The Clean Fight New York

Congratulations to SWAN portfolio company Yotta Energy, which was recently selected as one of 10 companies to participate in The Clean Fight New York. The Clean Fight New York is a not-for-profit climate tech organization, powered by New Energy Nexus, that helps scale growth-stage climate tech companies in New York. The third chapter of The Clean Fight is focused on battery and energy storage solutions that can help speed the clean energy transition.

Portfolio company Yotta in the News

Yotta Energy has been selected by the New York State Energy Research and Development Authority and the U.S. Department of Energy as one of ten climate tech companies, hailing from Europe, Australia, North America and across the U.S, that are dedicated to significantly accelerating the move to a resilient, electrified, and clean economy, in New York and beyond.

Working across the value chain, these transformative companies are positioned for scale and ready to make an impact, with solutions ranging from cells and packs; thermal, long-duration, stationary and portable storage; mobility solutions; and distributed energy resources.

Austin, Texas-based Yotta Energy produces distributed energy products, including EV chargers and the first solar battery that integrates behind rooftop solar panels. The integrated battery significantly reduces installation costs, along with its plug-and-play design that means if you can install a solar module, you can install their battery.

 

1 2 3 4 5 13