At One Ventures
Canvas Category Consultancy : Company : Venture Capital
At One Ventures is a venture capital firm focused on investing in a world where humanity becomes a net positive to nature. We do this by backing companies with early-stage disruptive deep tech that has the potential to upend the unit economics of established industries while dramatically reducing their footprint on the planet, or pioneering industries that are actively regenerative.
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Mojave Secures $9.5M Series A to Fuel Adoption of the Most Energy Efficient Commercial Air Conditioner
Mojave Energy Systems, founded to change the nature of air conditioning, today announced that it has raised $9.5 million in Series A funding. The Series A round was led by existing investors Fifth Wall and At One Ventures, with participation from returning investors Myriad Venture Partners, Starshot Capital, Alumni Ventures Group, and new investor Earth Venture Capital.
The new capital will be used to accelerate the adoption of Mojave’s groundbreaking Dedicated Outdoor Air System (DOAS) solution, ArctiDry, which sets new a new standard for energy efficiency, and began shipping earlier this year. The funding will support the company’s sales and marketing expansion, new ArctiDry product launches, electrochemical regeneration research, and the completion of its Department of Energy manufacturing scale-up efforts. This latest round brings Mojave’s total funding to $25.6 million.
ArctiDry is a patented, easy-to-install, liquid desiccant HVAC system with an unparalleled ISMRE2 efficiency rating of up to 11 lbs/kWh that dramatically lowers electricity consumption by up to 50 percent. Its ability to efficiently dehumidify the air without overcooling makes it ideal for many commercial building applications such as healthcare, education, hospitality, manufacturing, and more.
Adden Energy Raises $15M to Expand Accessibility of Electric Vehicles
Electric Vehicle (EV) adoption is one of the most meaningful steps an individual can take to combat climate change. Yet, current battery performance is holding back many consumers from electrification. Beyond the issue of range, EV batteries are slow-charging, have short lifetimes, and are intrinsically dangerous systems. Adden Energy has developed lithium-metal solid-state battery technology that solves these issues. To scale production and bring this technology to car manufacturers, the company has raised $15M in a Series A round led by At One Ventures.
The funding, led by At One Ventures with participation from Primavera Capital Group, Rhapsody Venture Partners, and MassVentures, will be used to construct a roll-to-roll pilot line production facility at Adden Energy’s headquarters in Waltham, MA. The company has already demonstrated technology that can deliver the world’s fastest lithium metal battery in EV-compatible, commercially acceptable pouch cell form-factors. This Series A funded production line will enable them to scale the size of the batteries 100x.
Adden Energy’s next-generation batteries are on track to reach the ambitious goal of EV parity with internal combustion engines by 2028. Based on solid-state battery technology originally developed at Harvard, Adden Energy combines two technologies that have long been goals of the EV industry – lithium metal and fast charging.
Blue Energy Secures $45M to Make Clean, Reliable Nuclear Power Commercially Viable
Blue Energy, a nuclear power plant company, emerged from stealth with a $45 million Series A fundraise co-led by Engine Ventures and At One Ventures, with investment from Angular Ventures, Tamarack Global, Propeller Ventures, Starlight Ventures, and Nucleation Capital. Blue Energy also introduced its modular nuclear power plant that can be centrally manufactured in existing shipyards. Shipyard manufacturing reduces the cost and build time of deploying nuclear power safely, making nuclear power economically competitive with fossil fuels and renewables. The funding will be used to advance Blue Energy’s core engineering work and site development, and secure additional partners.
The AI datacenter and manufacturing boom has emphasized the demand for reliable, clean electricity in the U.S. and the world. To decarbonize and grow electricity production while maintaining energy affordability and security, the global energy generation mix must include more nuclear power. However, new nuclear plant construction projects face multi-year delays and exorbitant costs. While there have been exciting advancements in nuclear reactor technology, reactors make up less than 10% of the cost of nuclear power plants; over 90% of the cost comes from construction and regulatory challenges in the rest of the plant. Blue Energy’s innovation is a modular, reactor-agnostic power plant architecture to house the next generation of nuclear reactors. Blue Energy’s power plants use centralized shipyard manufacturing to dramatically reduce the capital costs from $10K/kW to $2K/kW and shrink build times from 10 years to 2 years.
TEMO raises €6 million!
TEMO, the French specialist in electric motors for boats, has completed a €6 million Series A financing round with the US impact fund At One Ventures, the Ecotechnologies 2 fund, managed on behalf of the French government by Bpifrance as part of the France 2030 programme, and business angels.
Thanks to this first round of Series A funding, the company will be able to accelerate the development of its range. The company’s ambition is to add three new power units to its catalogue by 2027, so that the entire fleet of small sailing yachts and recreational craft can be powered electrically. TEMO’s cutting-edge technology enables boaters to enjoy clean, quiet, smooth sailing, while complying with current and future regulations.
Evove closes ÂŁ5.7 million funding round to accelerate growth and scale-up of the next generation of filtration membranes
UK technology business Evove has today announced the completion of a funding round of ÂŁ5.7 million. Capital was injected by existing investors and two new international specialist investors from climate-tech and additive manufacturing venture funds, alongside continued support from existing investors. The round was led by At One Ventures, backers of high growth companies using disruptive deep tech to upend the unit economics of established and emerging industries while dramatically reducing their planetary footprint.