According to the District, an increase in investments in the energy sector was pulled by the renewable energy category
The energy startup sector in Brazil is heating up, according to a new survey by the District. Between January and November this year,so-called energy techs grew 134%, compared to the same period in 2021, totaling $288 million raised in 15 rounds of investments, compared to $123 million raised the previous year.
According to the District’s assessment, the increase in investments in the energy sector has been driven by the renewable energy category, with contributions of US$ 399 million since 2015.
“The mapping shows that climate problems, energy price volatility, and regulatory developments are attracting investor interest for energy techs. These companies have been able to create solutions that meet the demand for renewable sources and, at the same time, make their consumption more efficient,” explains Gustavo Gierun, CEO and co-founder of the district.
During the first ten months of the year, the renewable energy category attracted $276 million. The two biggest deals of the period are from solar-powered companies: Órigo, with US$ 134 million, and SolFácil, a round of US$ 130 million. The category accounted for 92.3% of the total volume captured in the period.