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Future Unicorns in Sustainable Technology

Based on GlobalData’s proprietary ranking of 10,000 top startups, 40 IoT startups globally are shortlisted, of which 25 IoT startups are predicted to become future unicorns based on GlobalData’s proprietary Machine Learning Model. The 10,000 top startups are spread over 70 countries with the US accounting for half of them, followed by China.

Startups are in a rush to build capabilities around advanced sustain-tech solutions ranging from electric mobility, energy storage, biodiversity, renewable energy, emissions monitoring & reduction to the circular economy given the push by governments, regulators, investors and stakeholders towards sustainability. Given the forest fires in Australia; forests of Amazon in 2020; Turkey in 2021 and floods in China, India, and Germany in 2021; the importance of climate change across industries have never been more significant; this is the tailwind that the startups offering Sustainability tech solutions are facing, which bodes well for future of these companies.

Startups in sustainable technology across the sectors, right from electric mobility to energy storage; from circular economy to climate change are riding the strong tailwinds of investor focus on sustainable investing. Given the push by governments, regulators, investors, and stakeholders towards sustainability, startups are in a rush to build capabilities around advanced sustain-tech solutions ranging from electric mobility, energy storage, biodiversity, renewable energy, emissions monitoring & reduction to a circular economy. Given the forest fires in Australia; forests of Amazon in 2020; Turkey in 2021 and floods in China, India and Germany in 2021; the importance of climate change across industries have never been more significant; this is the tailwind that the startups offering Sustainability tech solutions are facing, which bodes well for future of these companies.

Sustainable technology startups have seen continuous interest by VCs from 2016 to 2021 with deal value in 2021 YTD surpassing that of 2020. Overall, in 2019 sustainable technology startups had 918 deals, while in 2020 there were 975 deals.

The sustainable tech space witnessed patent filings peaked in 2018 and has been on the decline since. Since 2020, the number of patents granted has exceeded the number of patents filed.

Positive sentiments in news, continued VC investments, increase in hiring clubbed with growing Sustainable Technology mentions in Company Filings indicate that the Sustainable Technology sector has high interest for both VCs and corporates.

What is the investment trend in sustainable technology by region?

Sustainable technology investment activity exceeded $12 billion in Q3 2021. There were 185 deals globally, with North America accounting for nearly half of this investment volume. North America investments were valued at a total of $5.7 billion. Europe accounted for 26% of the total investment volume. Almost 22% of investments were in the Asia-Pacific, primarily involving startups based in China.

Sustainable technology investment activity exceeded more than $10 billion in Q3 2021. Globally, there were more than 150 deals. North America region accounts for more than half of the investment volume followed by Europe. The Asia-Pacific region holds more than 20 percent of the investment primarily involving startups based in China.

Combined South & Central America and Middle East & Africa constitute less than 10 deals in the global sustainable technology investment scenario.

What are the sustainable technology use cases that are trending on social media?

Sustainable technologies including electric vehicles, lithium-ion batteries, renewable energy, and energy storage are increasingly being mentioned by social media influencers

Which are the existing unicorns in sustainable technology?

GlobalData has identified more than 25 companies as sustainable technology existing unicorns. Rivian ranks the top in terms of valuation followed by Northvolt, Octopus Energy, CSI Solar, Redwood Materials, Indigo, and others.

Existing unicorns in sustainable technology

Existing unicorns in sustainable technology

To know more about the key players, download a free report sample

Who are the future unicorns in sustainable technology?

GlobalData has identified more than 30 companies as sustainable technology future unicorns. The report predicts that a raft of innovative sustainable technology startups with cutting-edge expertise in various sectors will be tomorrow’s unicorns. Key sectors identified are biodiversity, electric mobility, emissions monitoring & reduction, energy storage, circular economy, renewable energy, and batteries. The top-ranking future unicorns are Terviva, DST, BreezoMeter, Ioxus, Shenzhen Recycling Technology Co Ltd., NIDIAN, and ENEVATE for biodiversity, electric mobility, emissions monitoring & reduction, energy storage, circular economy, renewable energy, and batteries sectors respectively.

Market report scope

Regions covered North America, South & Central America, Middle East & Africa, Asia-Pacific, and Europe.
Existing sustainable technology unicorns Rivian, Northvolt, Octopus Energy, CSI Solar, Redwood Materials, Indigo, Zume, Rubicon, Ynsect, Fluence, Plenty, Grove Collaborative and Perfect Day.
Startups predicted to be unicorns Terviva, DST, BreezoMeter, Ioxus, Shenzhen Recycling Technology Co Ltd., NIDIAN, and ENEVATE.

Key Highlights

  • The report highlights potential unicorns in the sustainable technology market ecosystem and covers insights on VC investments, stage of startups, sustainable technology regional investment activity, job analytics, company filing trends, and patenting activity.
  • Comprehensive view on innovative sustainable technology startups with cutting-edge expertise spanning across sectors are predicted to become tomorrow’s unicorns.

Reasons to Buy

  • GlobalData’s potential unicorns list offers early predictive intelligence and enables one to spot tomorrow’s winners today.
  • The model identifies venture-funded companies which have the potential to become unicorns (a valuation of at least $1 billion) driven by GlobalData’s proprietary machine-learning algorithm which decodes millions of interactions between key deal attributes.

Key Players

Terramera Inc., VanMoof BV, Genomatica Inc., Einride AB, D`ishangtie Car Rental (Shenzhen) Co Ltd., Enevate Corp, Ioxus, Inc., ClimaCell Inc., Superpedestrian Inc., TerViva, FreeWire Technologies Inc., Sono Motors GmbH, Newlight Technologies LLC, Malta Inc., Agilyx Corporation, Skeleton Technologies Gmbh, Advanced Manufacturing Control Systems Ltd., DroneSeed, Inc., LevelTen Energy Inc., Omnidian Inc., Temperpack Technologies Inc., BreezoMeter Ltd., Shenzhen Recycling Technology Co Ltd., PosiGen, LLC, TWAICE Technologies GmbH, Cowboy SA, Organica Water Inc., Tipa Corp., Ltd., Tortuga Agricultural Technologies, Inc., Clir Renewables Inc, Natel Energy Inc

Table of Contents

Table of Contents (PowerPoint Deck)

1 IoT Landscape

1.1 Key Markets

1.2 Value Chain Analysis

1.3 Tech Innovation Intensity Model

1.4 VC investment trends

1.5 IoT investment by stage of startups

1.6 IoT regional investment activity

1.7 IoT Patent Trends

1.8 IoT Hiring Trends

1.9 IoT Company Filing Analysis

1.10 Trending on Social Media

2 IoT Startups Predicted to be Unicorns

3 Methodology

List of Tables

Top Ranked Sustainable Technology Startups

Startup Scorecard: Sample View

List of Figures

Top Ranked Sustainable Technology Startups

Startup Scorecard: Sample View

Frequently Asked Questions

Existing unicorns in sustainable technology include Rivian, Northvolt, Octopus Energy, CSI Solar, Redwood Materials, Indigo, Zume, Rubicon, Ynsect, Fluence, Plenty, Grove Collaborative and Perfect Day.

Startups predicted to become unicorns in sustainable technology include Terviva, DST, BreezoMeter, Ioxus, Shenzhen Recycling Technology Co Ltd., NIDIAN, and ENEVATE.

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