Climate tech startups raised $8.1 billion in the first quarter, near record amounts of money, suggesting 2023's dip was a temporary setback rather than a prolonged downturn.
Despite fewer deals in Q1, the total amount raised was second only to Q3 of the previous year, highlighting consistent investor interest and confidence in the climate tech sector.
Top deals included H2 Green Steel raising $4.5 billion for a low-emission steel plant and battery recycler Ascend Elements securing $162 million, showcasing the focus on sustainable material production and recycling.
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