Blue Bear Capital

Blue Bear Capital is a venture capital firm founded in 2016 and based in California. It specializes in investing in early- and growth-stage companies that apply AI and data-driven technologies to energy infrastructure, as well as ventures in energy, renewable energy, industrials, and climate-focused tech. The firm targets opportunities in the United States and Western Europe, spanning grid modernization, sustainable energy production, energy-intensive manufacturing, transportation and logistics, and climate resilience. Blue Bear Capital supports information technology and TMT-enabled solutions that advance energy systems, grid reliability, and decarbonization, funding startups that address climate challenges with technology and analytics. The firm positions itself as a focused partner for companies operating at the intersection of energy and technology, offering strategic capital to accelerate deployment of clean energy and grid innovations.

Vaughn Blake

Partner

Carolin Funk

Partner

Ernst Sack

Partner

Past deals in Utilities

Urbint

Series C in 2024
Urbint is a technology company that develops a field risk management platform aimed at enhancing safety for workers and critical infrastructure. By utilizing real-world data and artificial intelligence, Urbint's software predicts potential threats, providing decision-makers with insights about risks up to a week in advance. This proactive approach allows utilities and infrastructure operators to take timely actions to prevent incidents, thereby protecting their workers, assets, and the communities they serve. Many leading energy and infrastructure companies in North America rely on Urbint's solutions to ensure a safer and more resilient operational environment.

FreeWire

Series D in 2022
FreeWire Technologies, Inc. is a manufacturer of mobile electric vehicle (EV) chargers, focused on providing innovative charging solutions that enhance the accessibility of EV charging infrastructure. Established in 2014 and based in San Leandro, California, the company produces several models, including the Mobi Charger v0, v1, and v2, which cater to varying charging needs and capabilities. FreeWire’s flagship product, the Boost Charger, integrates battery technology with power conversion systems, allowing for high-power charging without the need for extensive grid upgrades. This technology enables ultrafast charging at locations that typically lack sufficient electrical infrastructure. FreeWire has successfully deployed its battery-integrated chargers across the United States, serving Fortune 100 companies, commercial clients, fleets, and retail spaces, and has partnered with major organizations to expand its reach. Additionally, the company's systems provide clean and quiet power solutions, effectively replacing or supplementing diesel generators for various remote power applications, thereby supporting the transition away from fossil fuels.

Copper Labs

Series A in 2022
Copper Labs develops Internet of Things products and services that provide utilities and consumers with real-time energy data from electric, gas, and water meters. Founded in 2016 and based in Boulder, Colorado, the company offers an energy consumption monitoring system that delivers real-time grid-edge intelligence and revenue-grade usage data, with or without smart meters. Using machine learning, its platform collects accurate measurements and generates actionable insights, including consumer-friendly alerts during peak periods, helping utilities engage customers, manage demand, stabilize the grid, and reduce the cost of serving energy.

Urbint

Series C in 2021
Urbint is a technology company that develops a field risk management platform aimed at enhancing safety for workers and critical infrastructure. By utilizing real-world data and artificial intelligence, Urbint's software predicts potential threats, providing decision-makers with insights about risks up to a week in advance. This proactive approach allows utilities and infrastructure operators to take timely actions to prevent incidents, thereby protecting their workers, assets, and the communities they serve. Many leading energy and infrastructure companies in North America rely on Urbint's solutions to ensure a safer and more resilient operational environment.

EnMass Energy

Seed Round in 2021
EnMass Energy develops and operates biomass-based renewable energy solutions, generating electricity from agricultural waste for industrial and commercial buyers, private utilities, national grids, as well as rural and off-grid consumers of processed biomass. The company also runs CACHE, a mobile platform that connects smallholder farmers with companies, cooperatives and governments, enabling farm monitoring, field assessments and greater transparency and traceability throughout the supply chain. By digitalizing procurement and operations in waste-to-energy projects, EnMass Energy aims to lower costs, improve reliability, and simplify maintenance while delivering economic, social, and environmental benefits to local communities. Its activities emphasize using agricultural wastes to produce electricity, reduce greenhouse gas emissions, support soil quality, and create local jobs. Founded in 2015 and based in Durham, North Carolina, EnMass Energy positions itself as a developer of carbon-conscious energy solutions that empower small producers and rural regions.

Copper Labs

Seed Round in 2021
Copper Labs develops Internet of Things products and services that provide utilities and consumers with real-time energy data from electric, gas, and water meters. Founded in 2016 and based in Boulder, Colorado, the company offers an energy consumption monitoring system that delivers real-time grid-edge intelligence and revenue-grade usage data, with or without smart meters. Using machine learning, its platform collects accurate measurements and generates actionable insights, including consumer-friendly alerts during peak periods, helping utilities engage customers, manage demand, stabilize the grid, and reduce the cost of serving energy.

Urbint

Venture Round in 2021
Urbint is a technology company that develops a field risk management platform aimed at enhancing safety for workers and critical infrastructure. By utilizing real-world data and artificial intelligence, Urbint's software predicts potential threats, providing decision-makers with insights about risks up to a week in advance. This proactive approach allows utilities and infrastructure operators to take timely actions to prevent incidents, thereby protecting their workers, assets, and the communities they serve. Many leading energy and infrastructure companies in North America rely on Urbint's solutions to ensure a safer and more resilient operational environment.

FreeWire

Series C in 2021
FreeWire Technologies, Inc. is a manufacturer of mobile electric vehicle (EV) chargers, focused on providing innovative charging solutions that enhance the accessibility of EV charging infrastructure. Established in 2014 and based in San Leandro, California, the company produces several models, including the Mobi Charger v0, v1, and v2, which cater to varying charging needs and capabilities. FreeWire’s flagship product, the Boost Charger, integrates battery technology with power conversion systems, allowing for high-power charging without the need for extensive grid upgrades. This technology enables ultrafast charging at locations that typically lack sufficient electrical infrastructure. FreeWire has successfully deployed its battery-integrated chargers across the United States, serving Fortune 100 companies, commercial clients, fleets, and retail spaces, and has partnered with major organizations to expand its reach. Additionally, the company's systems provide clean and quiet power solutions, effectively replacing or supplementing diesel generators for various remote power applications, thereby supporting the transition away from fossil fuels.

Urbint

Series B in 2020
Urbint is a technology company that develops a field risk management platform aimed at enhancing safety for workers and critical infrastructure. By utilizing real-world data and artificial intelligence, Urbint's software predicts potential threats, providing decision-makers with insights about risks up to a week in advance. This proactive approach allows utilities and infrastructure operators to take timely actions to prevent incidents, thereby protecting their workers, assets, and the communities they serve. Many leading energy and infrastructure companies in North America rely on Urbint's solutions to ensure a safer and more resilient operational environment.

Copper Labs

Seed Round in 2019
Copper Labs develops Internet of Things products and services that provide utilities and consumers with real-time energy data from electric, gas, and water meters. Founded in 2016 and based in Boulder, Colorado, the company offers an energy consumption monitoring system that delivers real-time grid-edge intelligence and revenue-grade usage data, with or without smart meters. Using machine learning, its platform collects accurate measurements and generates actionable insights, including consumer-friendly alerts during peak periods, helping utilities engage customers, manage demand, stabilize the grid, and reduce the cost of serving energy.

FreeWire

Series A in 2018
FreeWire Technologies, Inc. is a manufacturer of mobile electric vehicle (EV) chargers, focused on providing innovative charging solutions that enhance the accessibility of EV charging infrastructure. Established in 2014 and based in San Leandro, California, the company produces several models, including the Mobi Charger v0, v1, and v2, which cater to varying charging needs and capabilities. FreeWire’s flagship product, the Boost Charger, integrates battery technology with power conversion systems, allowing for high-power charging without the need for extensive grid upgrades. This technology enables ultrafast charging at locations that typically lack sufficient electrical infrastructure. FreeWire has successfully deployed its battery-integrated chargers across the United States, serving Fortune 100 companies, commercial clients, fleets, and retail spaces, and has partnered with major organizations to expand its reach. Additionally, the company's systems provide clean and quiet power solutions, effectively replacing or supplementing diesel generators for various remote power applications, thereby supporting the transition away from fossil fuels.
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