Evergreen Climate Innovations
Evergreen Climate Innovations, originally known as Clean Energy Trust, is a nonprofit organization based in Chicago, Illinois, that focuses on providing catalytic capital and support to entrepreneurs and startups developing impactful climate technologies. Founded in 2010, Evergreen's mission is to foster innovation in the Greater Midwest by aligning philanthropic and corporate contributions through its 501vc® Investment Fund. This approach aims to deliver significant environmental, economic, and social impact. Over the past decade, Evergreen has successfully invested in numerous startups, achieving an impressive leverage of $41 raised for every $1 invested. The organization is dedicated to cultivating a robust ecosystem of investors, donors, and collaborators to advance climate solutions in the region.
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Past deals in DRC
NovoMoto
Convertible Note in 2016
NovoMoto is a sustainable social enterprise focused on providing clean, renewable electricity to communities in the Democratic Republic of Congo (DRC) and plans to expand to other sub-Saharan African countries. The company manufactures solar energy devices, including packages of solar panels, lamps, batteries, and other equipment. These devices are offered to villages through a pay-as-you-go model, allowing villagers to make small weekly payments over five years. This approach enables communities to meet their energy needs sustainably and independently.
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