Collaborative Fund

Parallel Systems designs an autonomous, zero-emissions freight transportation system. The company believes the future of freight transportation should be fast, inexpensive, and clean while also reducing congestion on the highways. Parallel Systems develops automated, battery-electric freight rail vehicles aimed at converting freight transportation from trucking to rail. The company focuses on building innovative rail vehicles and integration tools that work seamlessly with existing railroad operations. By utilizing its technology, Parallel Systems enables railroads to serve new markets, particularly for routes less than 1,000 miles. This solution provides a more flexible, zero-emissions alternative for freight movement, complementing traditional freight rail services while expanding operational capabilities and reducing environmental impact.

WeaveGrid is a company that focuses on facilitating the integration of electric vehicles (EV) with the electrical grid in collaboration with utilities and EV owners. Its software solution employs machine learning, optimization, and predictive analytics to address various challenges associated with EV-grid integration. By doing so, WeaveGrid enhances the ability of utilities to support the expansion of electric vehicles and the adoption of renewable energy resources. This approach not only promotes rapid decarbonization in the transportation and power sectors but also helps utility customers reduce their bills.

Verne is a cleantech startup founded in 2020 and based in Berkeley, California. The company specializes in developing high-density hydrogen storage systems optimized for heavy transport applications. Its innovative technology offers a lightweight and low-cost solution that enables vehicle operators to maintain their existing operations while achieving zero-emission targets. Verne's hydrogen storage systems are designed to be twice as dense as traditional compressed gas, allowing for efficient refueling at both liquid and gaseous hydrogen stations. This capability helps heavy-duty trucks reach diesel parity in terms of range and payload, thereby reducing the costs associated with delivering hydrogen from producers to end consumers.

Zitara Technologies, founded in 2019 and based in San Francisco, California, specializes in predictive battery management software tailored for electric fleets. The company develops both cloud-based and embedded solutions that cater to enterprises with extensive battery deployments. Zitara's platform is distinguished by its capacity to deliver battery analytics, including simulation, planning, and real-time operational insights. This technology supports companies in enhancing safety and extending the longevity of their battery systems, making it a valuable asset for operations involving grid-scale and residential energy storage.

Zoomo is a provider of electric bikes designed specifically for gig workers in the food delivery industry, offering subscription models for ease of access. The company's range of light electric vehicles includes e-Bikes, e-Mopeds, and e-Cargo options, equipped with features such as electronic locks, GPS tracking, inbuilt alarm systems, integrated lights, fast charging, rear racks, and suspensions. These innovations provide riders with sustainable and efficient micro-mobility solutions tailored for on-demand delivery services. Zoomo aims to expand its offerings to include new categories such as parcel, mail, and grocery deliveries, as well as models that cater to individual consumers.

Olympian Motors is an electric vehicle startup based in New York, focused on revolutionizing the automotive industry with its innovative modular manufacturing system. This approach significantly reduces tooling and labor costs by over 80% and accelerates production lead time by approximately 60%, decreasing the design-to-production cycle from more than four years to just six months. Currently manufacturing electric vehicles in Brooklyn and Detroit, Olympian has an annual production capacity of 320 vehicles and plans to expand this to 20,000 by 2025. The company's vehicles emphasize aesthetics and minimalism, utilizing materials such as steel, wood, and post-industrial recycled components, while avoiding plastic and toxic chemicals. Olympian's Operating System (OOS) enhances user experience with a minimalistic and intuitive cockpit design. The company's electric vehicles are pending traffic approval from regulatory authorities, positioning them as a forward-thinking choice for environmentally conscious consumers.

Moment Energy focuses on developing sustainable battery energy storage systems that repurpose retired electric vehicle batteries. The company aims to enhance energy reliability for off-grid areas and address peak demand in on-grid locations. By utilizing these repurposed batteries, Moment Energy provides clean, reliable, and cost-effective energy storage solutions, making renewable energy more accessible for both off-grid and industrial customers.

Amogy is a company dedicated to creating carbon-free energy solutions for hard-to-abate sectors such as maritime, power generation, and heavy industry. The company's patented ammonia cracking technology effectively splits liquid ammonia to produce electrical power in combination with hydrogen fuel cells. This innovative approach not only enhances energy density but also offers a renewable fuel source that operates with zero carbon emissions, making it a cost-effective option for the transportation industry. By focusing on these advanced technologies, Amogy aims to facilitate emission-free mobility applications, contributing to the broader goal of decarbonization in various industries.