The GreenTech sector features a growing number of unicorn startups. These companies are developing new approaches to energy, manufacturing, and carbon capture.
For example, Octopus Energy Group from the UK has reached a $9 billion valuation. Meanwhile, US-based Divergent has secured $1.1 billion in funding to change vehicle manufacturing.
Below is the full list of 8 GreenTech unicorn startups at this time.
Top 8 Most Valuable GreenTech Unicorns
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Get the Sheet for $50Octopus Energy Group provides renewable energy to millions of customers worldwide through its technology platform, Kraken. They specialize in making green power affordable and customer-centric, aiming to speed up the transition from fossil fuels.
| Valuation | $9B |
| Headquarters | London, England, United Kingdom |
| Year Founded | 2015 |
| Founders | Greg Jackson, James Eddison, Stuart Jackson |
| Funding Amount | $2.9B |
| Company Size | Enterprise Organization (5,001+) |
| Last Funding Status | Private Equity |
| Top Investors | Generation Investment Management, Galvanize Climate Solutions, Lightrock, Origin Energy, CPP Investments |
Divergent developed a software-hardware platform designed to replace traditional vehicle manufacturing processes. Their Divergent Adaptive Production System uses 3D printing to create more sustainable and efficient components for the automotive and aerospace sectors.
| Valuation | $2B |
| Headquarters | Torrance, California, United States |
| Year Founded | 2013 |
| Founders | Kevin Czinger |
| Funding Amount | $1.1B |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Series E |
| Top Investors | Horizon Technology Finance, Alumni Ventures, Hexagon, Hedosophia, MUUS |
Solugen engineers high-performance chemicals and materials from plant-based feedstocks inside their carbon-negative molecule factory. They provide industries with sustainable, bio-based alternatives to the petroleum products used in everything from water treatment to personal care.
| Valuation | $2B (Joined September 2021) |
| Headquarters | Houston, Texas, United States |
| Year Founded | 2016 |
| Founders | Gaurab Chakrabarti, Sean Hunt |
| Funding Amount | $855.8M |
| Company Size | Mid-Size Team (51-250) |
| Last Funding Status | Series D |
| Top Investors | Valor Equity Partners, BlackRock, Y Combinator, Temasek Holdings, Lowercarbon Capital |
TIER Mobility operates a shared fleet of electric scooters, bikes, and mopeds to offer more sustainable urban transportation. Their app allows riders to easily find and rent vehicles for short trips, aiming to reduce inner-city car dependency.
| Valuation | $2B |
| Headquarters | Berlin, Berlin, Germany |
| Year Founded | 2018 |
| Founders | Julian Blessin, Lawrence Leuschner, Matthias Laug |
| Funding Amount | $646.9M |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Series D |
| Top Investors | Speedinvest, RTP Global, Goodwater Capital, Goldman Sachs, Northzone |
Climeworks has pioneered direct air capture technology, creating machines that pull carbon dioxide straight from the atmosphere. Their carbon removal service offers a permanent and measurable way to reverse CO₂ emissions.
| Valuation | $1B |
| Headquarters | Zürich, Zurich, Switzerland |
| Year Founded | 2009 |
| Founders | Christoph Gebald, Jan Wurzbacher |
| Funding Amount | $946.1M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Private Equity |
| Top Investors | Baillie Gifford, Partners Group, Global Founders Capital, GIC, Zürcher Kantonal Bank |
Twelve builds technology that transforms captured carbon dioxide into the same chemicals and fuels traditionally made from fossil fuels. Their carbon transformation process creates a range of products, including materials for consumer goods and a sustainable aviation fuel.
| Valuation | $1B |
| Headquarters | Berkeley, California, United States |
| Year Founded | 2015 |
| Founders | Etosha Cave, Kendra Kuhl, Nicholas Flanders |
| Funding Amount | $929.4M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Venture Round |
| Top Investors | TPG, Techstars, Greycroft, Cantos, National Science Foundation |
Turntide Technologies develops and manufactures a patented electric motor system aimed at significantly reducing energy consumption. They focus on replacing inefficient traditional motors in applications like HVAC systems to help businesses lower operational costs and their carbon footprint.
| Valuation | $1B (Joined June 2022) |
| Headquarters | Sunnyvale, California, United States |
| Year Founded | 2013 |
| Founders | Mark Johnston, Piyush Desai |
| Funding Amount | $491.5M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Venture Round |
| Top Investors | Breakthrough Energy Ventures, National Science Foundation, BMW i Ventures, FootPrint Coalition, Fifth Wall |
Qiyuan Core Power Technology develops green energy solutions centered on battery swapping technology for heavy-duty transportation and integrated energy storage. They are known for a full lifecycle battery management platform that underpins their network of renewable energy and vehicle swapping stations.
| Valuation | $1B |
| Headquarters | Shanghai, Shanghai, China |
| Year Founded | 2020 |
| Founders | — |
| Funding Amount | CN¥2.5B |
| Company Size | Enterprise Organization (5,001+) |
| Last Funding Status | Series C |
| Top Investors | SPIC, Zhuhai Gree Financial Investment Management, Fresh Capital, Bank of China Financial Assets Investment, Contemporary Amperex Technology |