Nonprofit investor accepting startup priority applications through Friday
Hawai‘i-based Elemental Excelerator, a nonprofit climate tech investor, has announced plans to infuse up to $43 million into climate tech startups focused on social impact.
Elemental is accepting applications for its Cohort 12 and will increase funding by $5 million for this cohort to a total of $13 million overall, with admission on a rolling basis. It is also offering an additional $30 million in catalytic project funding for three to six projects with a community impact, bringing the total across its cohort and this new catalytic funding to $43 million total.
“It is more critical than ever to scale up technologies like clean drinking water, wildfire reforestation and pollution reduction from trucks near ports,” Elemental Excelerator founder and CEO Dawn Lippert said. “Elemental is building a robust pipeline of projects that will soon be ready for later-stage private investors and unprecedented federal funding opportunities.”
Elemental has invested in more than 150 portfolio companies, including Forum Mobility and BlocPower. To date, Elemental Excelerator’s 150-plus portfolio companies have customers in all 50 states, with 55% in low- and moderate-income communities.
Startups interested in applying to Cohort 12 can submit their application here. The priority deadline for Elemental Excelerator’s Cohort 12 is this Friday, April 14. Applications are reviewed on a rolling basis with the final deadline on May 31.
Early applications will be given priority, and applicants are encouraged to apply as soon as possible.