Popping the Bubble: Is Climate Tech Just a Western Jam? 🌍
🇨🇳🇿🇦 4 min with stats from Asia to Africa
Ever heard that the climate-tech revolution is solely a Western game?
Let’s embark on a quick Climate Tech World Tour to dish out the details on climate tech funding 🧐, and see if our global friends are just as jazzed about saving the planet 🌱🌏
A Global Funding Slowdown 🚦
After riding the green wave, VC funding for climate tech has cooled by roughly 50% in the first half of 2023, compared to the scorching heights of 2021/2022.
Europe Steps Up! 🇪🇺🏆
Guess what? Europe isn’t trailing the U.S. anymore! They've taken the lead in this year's funding race.
China's Eco-Shift 🇨🇳
China’s mantra has evolved from "Made in China" to "Innovated in China." Boasting a cool $3 billion in climate investments for 2023 and $39 billion since 2018, China champions renewable energy. Key players? Envision Energy, CATL, BYD, and Jinko Solar - East Asia Top 50 Startups.
Indian Green Surge 🇮🇳
India's green energy startup ecosystem has picked up this last decade! Dominating the scene is electric mobility, pulling in over 60% of climate startup funding. Prominent startups? ZunRoof, Ecozen, Atomberg Technology, Ola Electric, and Rivigo.
Tropical Green in South Asia 🏝️
Southeast Asia isn't just sun, sea, and sand! With investments of $1.14 billion in 2020, major players like Grab are vrooming towards 100% EVs by 2030. Shoutout to Sunseap, Grab, and EcoCash for leading the charge! - South Asia Top 50 Startups.
Latino Green Groove 💃
Latin America is swaying to the climate rhythm. Investments peaked at $4.4 billion in 2019 with Mexico, Colombia, Chile, and Brazil taking the lead. Startups to watch? NotCo, Nubank, and AmigoCloud - Latin America’s Top 50 startups.
African Safari of Solar Solutions 🦒
Venture into Africa, where solar startups like M-KOPA and Zola have lit up rural spots for nearly a decade. Out of 500 climate-tech startups, 147 bagged venture capital funds, amassing $2.1 billion till mid-2022 - Africa’s Top 50 Climate Tech startups.
Global Climate Fiesta, Not a Bubble! 🌍
Contrary to popular belief, climate tech isn't just a Euro-American party. The entire globe is innovating, investing, and igniting change. Next time someone raves about a Silicon Valley green gem, remember, the world is vast, and the eco-revolution is EVERYWHERE.
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