Green tech is one of the hottest areas for tech startups these days, not to mention venture capital funding. Business and Tech Reporter ScottBudman gives us a peek into the future of how Silicon Valley plans to fight climate change.
Newark-based Lucid Motors, one of several electric vehicle makers, raised billions of venture dollars to put emission-free cars on the road.
"And I see that happening on both the employee and customer side, employees want to work for employers that care about things like that, and have a brand that says they care about that and will actually do something about it,” said Pamela Rucker, instructor at Harvard Professional Development. “And people want to buy from companies committed to sustainability and are doing the right things with the money that they earn.
In San Mateo, Lasso’s helping to reduce greenhouse gas emissions by recycling more efficiently than giant facilities. "We're not worried about speed, we're worried about purity and separation and maintaining that, rather than, how much can I push through in an hour,” said Phil Sanders, Lasso Loop CTO.Because venture capitalists are jumping in, climate tech startups raised $40 billion last year -- that's double what was raised in 2020.
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