MassVentures

MassVentures is a venture capital firm based in Waltham, Massachusetts, established in 1978 as a quasi-public corporation by the Massachusetts Legislature. The firm focuses on providing seed and early-stage funding to high-growth startups, facilitating their transition from concept to commercialization. MassVentures invests primarily in sectors such as information technology, healthcare, cybersecurity, e-commerce, mobile, manufacturing, and robotics. With a governance structure that includes an independent Board of Directors and management by experienced venture capitalists, MassVentures leverages the state's entrepreneurial spirit and innovation centers to support the Massachusetts innovation economy. The firm also offers accelerator programs to further assist emerging companies in their growth journey.

Charles Hipwood

Founder President and CEO

Charlie Hipwood

President and CEO

Vinit Nijhawan

Managing Director

Mike O'Malley

Senior Investment Team

Nicholas A. Pappas

Vice President

Stacy Swider

Vice President, Investments

Priya Yadav

Vice President, Investments

Past deals in CleanTech

Electrified Thermal Solutions

Venture Round in 2024
Electrified Thermal Solutions, founded in 2021 and based in Medford, Massachusetts, develops innovative energy storage technology. The company converts intermittent renewable electricity into constant heat using low-cost conductive ceramic blocks, enabling industrial sectors to replace fossil fuels with zero-carbon heat.

Osmoses

Grant in 2024
Osmoses specializes in decarbonizing gas separations using innovative membrane technology. Its solution efficiently purifies gas molecules, reducing energy consumption and capital requirements while integrating seamlessly into existing industrial processes. This enables energy producers to achieve cleaner and more sustainable operations.

Emvolon

Grant in 2024
Emvolon is a technology company focused on creating a platform for distributed chemical production that utilizes wasted resources. The company's innovative approach involves converting wasted natural gas from flare sites into usable chemicals, which can serve a variety of industrial applications or be transformed into carbon-negative fuels. Emvolon reimagines traditional diesel engines as miniature chemical reactors, allowing for efficient and effective production without the need for large refineries or chemical plants. This process facilitates the establishment of economically viable small-scale production facilities by leveraging the advantages of mass production alongside economies of scale, ultimately providing communities with the essential raw materials they require.

Electrified Thermal Solutions

Grant in 2024
Electrified Thermal Solutions, founded in 2021 and based in Medford, Massachusetts, develops innovative energy storage technology. The company converts intermittent renewable electricity into constant heat using low-cost conductive ceramic blocks, enabling industrial sectors to replace fossil fuels with zero-carbon heat.

BitEnergy AI

Pre Seed Round in 2024
BitEnergy AI is a technology company specializing in the development of advanced AI inference technology. This innovation consumes just one-tenth the energy of existing solutions, making it a more sustainable and cost-effective option for artificial intelligence applications. The company's offerings include novel neural network architectures, neuro-symbolic large models, and first-principle grounded tools. These enable clients to integrate their models with knowledge graphs and reasoning engines, leading to precise data retrieval, transparent decision-making, reduced AI costs, and streamlined processes.

MacroCycle Technologies

Grant in 2023
MacroCycle Technologies is a company developing a chemical recycling process to convert polyethylene terephthalate (PET) and polyester-fiber waste into virgin-grade plastics. Their proprietary technology, based on synthesizing cyclic macromolecules, enables the production of recycled PET with lower energy use than traditional methods. This process offers a sustainable, zero-carbon, and cost-competitive solution for plastic upcycling, contributing to a circular economy.

Dottir Labs

Grant in 2023
Dottir Labs specializes in developing spectroscopy sensor technology tailored for aqueous environments. This technology detects and measures nutrients, metabolic markers, and both organic and non-organic waste products in real-time, empowering clients to achieve sustainability through data-driven insights.

Blaze Power

Grant in 2023
Blaze Power operates as a lithium-ion battery materials manufacturer. It innovates and commercializes iron-based cathode materials to enable mass-market electrification in transportation and energy storage. The company is driven to industrialize these cathodes in purpose-built inflation reduction act-compliant facilities.

Benchmark Labs

Grant in 2023
Benchmark Labs is a San Francisco-based company specializing in AI-driven weather forecasting systems tailored for the agricultural sector and other industries. The firm provides asset-specific weather information that enhances operational efficiency and infrastructure reliability amidst changing weather conditions. By utilizing IoT sensor technology, Benchmark Labs delivers accurate forecasts that are essential for optimizing renewable energy generation and managing water resources. Its innovative platform enables clients to navigate weather variability effectively, ensuring smoother operations across various applications.

Active Surfaces

Grant in 2023
Active Surfaces, a Massachusetts-based company, specializes in commercializing ultra-thin-film solar technology developed at MIT. Its core business involves creating flexible, lightweight solar panels that can be seamlessly integrated into everyday materials and surfaces, revolutionizing the conventional energy sector. The company's innovative manufacturing approach significantly reduces production costs, making solar power more accessible and affordable. This technology presents a transformational opportunity for semiconductor and electronics manufacturing, driving down costs for both module production and installation. By enabling virtually any surface to generate power, Active Surfaces aims to accelerate the transition to a cleaner, more sustainable future.

River Otter Renewables

Grant in 2023
River Otter Renewables is a recycling comany that produced biocrude oil from plant and waste as well as sewage and plastic waste.

Aclarity

Series A in 2023
Aclarity, LLC is a United States-based manufacturer specializing in innovative water purification devices for residential use. Founded in 2017, the company develops advanced electrochemical water treatment systems that effectively eliminate contaminants such as pathogens, metals, volatile organic compounds (VOCs), per- and polyfluoroalkyl substances (PFAS), and ammonia from water. Aclarity's patented technology aims to provide cost-effective, low-maintenance solutions for comprehensive water treatment, catering to the growing need for clean water and addressing pollution challenges in both water and wastewater systems. As a venture capital-backed cleantech startup, Aclarity is focused on revolutionizing the water treatment industry with its cutting-edge approach.

Emvolon

Seed Round in 2023
Emvolon is a technology company focused on creating a platform for distributed chemical production that utilizes wasted resources. The company's innovative approach involves converting wasted natural gas from flare sites into usable chemicals, which can serve a variety of industrial applications or be transformed into carbon-negative fuels. Emvolon reimagines traditional diesel engines as miniature chemical reactors, allowing for efficient and effective production without the need for large refineries or chemical plants. This process facilitates the establishment of economically viable small-scale production facilities by leveraging the advantages of mass production alongside economies of scale, ultimately providing communities with the essential raw materials they require.

florrent

Pre Seed Round in 2023
Florrent develops bio-based materials and high-energy-density supercapacitors derived from agricultural waste streams to address bottlenecks in decarbonization and electrification of transportation and buildings. Its technology aims to improve power quality and reliability while offering lower upfront and lifetime costs than conventional batteries, enabling commercial, industrial, and grid operators to enhance performance and support economic inclusion in underrepresented communities.

Osmoses

Grant in 2023
Osmoses specializes in decarbonizing gas separations using innovative membrane technology. Its solution efficiently purifies gas molecules, reducing energy consumption and capital requirements while integrating seamlessly into existing industrial processes. This enables energy producers to achieve cleaner and more sustainable operations.

Aclarity

Grant in 2023
Aclarity, LLC is a United States-based manufacturer specializing in innovative water purification devices for residential use. Founded in 2017, the company develops advanced electrochemical water treatment systems that effectively eliminate contaminants such as pathogens, metals, volatile organic compounds (VOCs), per- and polyfluoroalkyl substances (PFAS), and ammonia from water. Aclarity's patented technology aims to provide cost-effective, low-maintenance solutions for comprehensive water treatment, catering to the growing need for clean water and addressing pollution challenges in both water and wastewater systems. As a venture capital-backed cleantech startup, Aclarity is focused on revolutionizing the water treatment industry with its cutting-edge approach.

Phoenix Tailings

Grant in 2023
Phoenix Tailings specializes in recycling mining tailings, specifically Bauxite Residue ('Red Mud'), to extract strategic materials for industries such as aerospace, automotive, electronics, and biotechnology. Founded in 2019 with a mission to revolutionize the mining industry sustainably and economically.

Haystack Ag

Grant in 2023
Haystack Ag supports growers and global carbon markets with tools for high-accuracy, cost-effective soil carbon measurement.

Atacama Biomaterials

Grant in 2023
AI platform producing compostable and biodegradable plastic alternatives

Loop CO2

Grant in 2023
Loop CO2 specializes in transforming carbon dioxide into valuable products like cosmetic oils, adhesives, and thermoplastic elastomers. This innovative process enables clients to minimize their environmental impact by adopting eco-friendly alternatives.

Z-Polymers

Convertible Note in 2023
Founded in 2021, Z-Polymers is a clean-tech materials science company based in Lowell, Massachusetts. It specializes in developing thin fiber polymers to address fundamental challenges in critical industries such as 3D printing and the hydrogen economy, aiming to replace toxic substances with sustainable alternatives.

Electrified Thermal Solutions

Grant in 2023
Electrified Thermal Solutions, founded in 2021 and based in Medford, Massachusetts, develops innovative energy storage technology. The company converts intermittent renewable electricity into constant heat using low-cost conductive ceramic blocks, enabling industrial sectors to replace fossil fuels with zero-carbon heat.

florrent

Grant in 2023
Florrent develops bio-based materials and high-energy-density supercapacitors derived from agricultural waste streams to address bottlenecks in decarbonization and electrification of transportation and buildings. Its technology aims to improve power quality and reliability while offering lower upfront and lifetime costs than conventional batteries, enabling commercial, industrial, and grid operators to enhance performance and support economic inclusion in underrepresented communities.

Stepwise

Grant in 2022
Stepwise specializes in home electrification services. They offer smart devices that monitor energy consumption, manage electric loads like EV chargers, facilitate heat pump installations, and ensure compliance with safety standards and utility programs.

Lithios

Grant in 2022
Lithios is a technology company that uses electrochemistry for advanced lithium extraction from complex mixtures and untapped brine resources, applying electrochemical methods to capture and release lithium and enable low-cost, selective extraction for industries pursuing a sustainable, electrified future.

Arrakis Materials

Grant in 2022
Arrakis Materials converts COâ‚‚ into carbon-negative minerals, enabling carbon storage and utilization.

Carbix

Grant in 2022
Carbix develops weathering technologies that convert CO2 emissions into building materials. It uses a bioreactor to capture CO2 from industrial plant flue gas and combines it with mineral inputs and energy from renewable sources or energy-from-waste to accelerate sequestration and form carbonates that serve as raw materials for construction products and other industrial applications.

Jetcool

Series A in 2022
Jetcool Technologies Inc., established in 2019 and headquartered in Littleton, Massachusetts, specializes in the research and development of advanced chip cooling solutions. The company offers a range of cooling products, from bare die to system level, and provides customized solutions. Jetcool's innovative microjet cooling modules, developed at MIT Lincoln Laboratory, are designed to efficiently cool high-power electronics in industries such as defense and aerospace, advanced semiconductors, data centers, and electric vehicle power systems. The company's technology, published in several academic papers, uses small jets of fluid to cool components at the chip or device scale, enabling manufacturers to create more durable, energy-efficient products.

Aclarity

Grant in 2022
Aclarity, LLC is a United States-based manufacturer specializing in innovative water purification devices for residential use. Founded in 2017, the company develops advanced electrochemical water treatment systems that effectively eliminate contaminants such as pathogens, metals, volatile organic compounds (VOCs), per- and polyfluoroalkyl substances (PFAS), and ammonia from water. Aclarity's patented technology aims to provide cost-effective, low-maintenance solutions for comprehensive water treatment, catering to the growing need for clean water and addressing pollution challenges in both water and wastewater systems. As a venture capital-backed cleantech startup, Aclarity is focused on revolutionizing the water treatment industry with its cutting-edge approach.

Radical Plastics

Grant in 2022
Founded in 2018, Radical Plastics develops a proprietary catalyst that renders plastic compounds biodegradable in natural environments. Its primary product is soil degradable compounds for agricultural film.

Aclarity

Seed Round in 2022
Aclarity, LLC is a United States-based manufacturer specializing in innovative water purification devices for residential use. Founded in 2017, the company develops advanced electrochemical water treatment systems that effectively eliminate contaminants such as pathogens, metals, volatile organic compounds (VOCs), per- and polyfluoroalkyl substances (PFAS), and ammonia from water. Aclarity's patented technology aims to provide cost-effective, low-maintenance solutions for comprehensive water treatment, catering to the growing need for clean water and addressing pollution challenges in both water and wastewater systems. As a venture capital-backed cleantech startup, Aclarity is focused on revolutionizing the water treatment industry with its cutting-edge approach.

Harmony Desalting

Grant in 2022
Harmony Desalting is an innovative company specializing in advanced desalination technology aimed at improving access to clean water. Utilizing a reverse osmosis batch process, Harmony Desalting enhances the efficiency of water treatment through the integration of new technologies, membranes, and valuable insights. This approach allows clients to significantly lower the costs associated with seawater desalination while simultaneously increasing plant productivity and minimizing the size of seawater intakes. By focusing on these key areas, Harmony Desalting is well-positioned to address the growing global demand for sustainable water solutions.

SpadXTech

Grant in 2022
SpadXTech employs microbial fermentation techniques and proprietary biotechnology to produce sustainable materials. Their products aim to mitigate climate change, reduce air and water pollution, and tackle plastic waste.

Volta Energy

Grant in 2022
Volta Energy developing technology to decarbonize energy generation.

Silartek

Grant in 2022
SilarTek is a technology company established in 2020 and located in Leominster, Massachusetts. The company specializes in developing innovative solar silicon technology aimed at making solar panels more affordable and accessible to a broader audience. SilarTek's unique approach involves utilizing molten salt electrolysis combined with an advanced molten salt composition, which enables the production of low-cost solar-grade silicon. This technology is designed to benefit both consumers and businesses by providing an efficient solution for solar panel manufacturing.

M2 Thermal Solutions

Grant in 2021
M2 Thermal Solutions is a company focused on developing innovative air conditioning technology that addresses significant engineering challenges related to energy efficiency. Their groundbreaking thermodynamic mechanism enables independent control of both dry-bulb temperature and humidity within residential spaces. By utilizing a two-stage process to sensibly cool and dehumidify air without relying on traditional vapor-compression systems, M2 Thermal Solutions' devices can adapt to varying indoor and outdoor temperature and humidity conditions. This approach not only enhances user comfort but also contributes to reduced energy consumption and mitigates the impact of climate change.

Curbhub

Grant in 2021
Curbhub employs decentralized couriers and advanced technology to optimize logistics, transforming linear processes into parallel, efficient ones.

Powerhouse

Grant in 2021
PowerHouse is a company dedicated to combating climate change by providing innovative solar energy solutions. It specializes in developing a solar energy system that overcomes the limitations of traditional deployment methods, offering versatile and aesthetically pleasing options for residential, commercial, and off-grid applications. The company's platform aims to expand the reach of renewable energy, making it more accessible and desirable for clients.

Bootbox Labs

Grant in 2021
Bootbox Labs is a manufacturing company that provides refrigerant-free and climate-neutral heat pumps for the HVAC industry.

Allium Engineering

Grant in 2021
Allium Engineering specializes in developing and manufacturing corrosion-resistant steel rebar, utilizing innovative coating technology. This enhances concrete infrastructure durability, minimizes maintenance needs, reduces carbon emissions, and benefits construction sites.

Metalmark Innovations

Grant in 2021
Metalmark Innovations, Inc. focuses on developing and delivering advanced 3D nanostructured coatings designed to treat airborne pollutants and toxins, enhancing indoor air quality. The company offers its innovative materials as additive coatings for various applications, including building materials and vehicle interiors, effectively addressing pollutants such as hydrocarbons, carbon monoxide, ozone, PM2.5, volatile organic compounds, odors, and germs. Its air cleaning technology employs catalytic materials that filter air with nanoscale precision, contributing to solutions for air pollution and climate change challenges. Founded in 2017 and headquartered in Boston, Massachusetts, Metalmark Innovations was previously known as Aircrew Technologies, Inc. before rebranding in January 2019.

Aclarity

Grant in 2021
Aclarity, LLC is a United States-based manufacturer specializing in innovative water purification devices for residential use. Founded in 2017, the company develops advanced electrochemical water treatment systems that effectively eliminate contaminants such as pathogens, metals, volatile organic compounds (VOCs), per- and polyfluoroalkyl substances (PFAS), and ammonia from water. Aclarity's patented technology aims to provide cost-effective, low-maintenance solutions for comprehensive water treatment, catering to the growing need for clean water and addressing pollution challenges in both water and wastewater systems. As a venture capital-backed cleantech startup, Aclarity is focused on revolutionizing the water treatment industry with its cutting-edge approach.

Infinite Cooling

Grant in 2021
Founded in 2017, Infinite Cooling specializes in wastewater management and recycling. It uses high-voltage electric fields to capture and recycle vast amounts of water that would otherwise be lost at industrial facilities like power plants, data centers, and factories.

Jetcool

Venture Round in 2021
Jetcool Technologies Inc., established in 2019 and headquartered in Littleton, Massachusetts, specializes in the research and development of advanced chip cooling solutions. The company offers a range of cooling products, from bare die to system level, and provides customized solutions. Jetcool's innovative microjet cooling modules, developed at MIT Lincoln Laboratory, are designed to efficiently cool high-power electronics in industries such as defense and aerospace, advanced semiconductors, data centers, and electric vehicle power systems. The company's technology, published in several academic papers, uses small jets of fluid to cool components at the chip or device scale, enabling manufacturers to create more durable, energy-efficient products.

FLxDER

Grant in 2020
FLxDER creates a prototype of its cloud-based software to optimize electric fleet vehicle charging so as to reduce electric grid impacts and costs, and coordinate operation with other distributed energy resources.

Cala Systems

Grant in 2020
Altus Thermal, founded in 2019 and based in Boston, Massachusetts, focuses on transforming thermal energy solutions for residential settings. The company aims to enhance efficiency, comfort, and user experience while providing benefits to the electrical grid. Altus Thermal develops energy technology designed to electrify residential heating, cooling, and hot water systems. By maximizing performance and facilitating better integration with renewable energy sources and other distributed energy resources, the company enables homeowners to electrify their living spaces in an efficient and cost-effective manner.

Ithaca Clean Energy

Grant in 2020
Ithaca Clean Energy is a company that develops a renewable energy platform designed to enhance the efficiency of energy generation. Utilizing artificial intelligence-driven data analytics, Ithaca aims to improve connectivity and interactivity among stakeholders in the energy sector, including investors, developers, and operators. By providing tools that facilitate better-informed decision-making, Ithaca Clean Energy supports its clients in optimizing their operations and investments in the renewable energy landscape.

Sol Clarity

Grant in 2020
Sol Clarity specializes in enhancing solar panel efficiency through its self-cleaning technology. It develops transparent Electrodynamic Screen overlays that automatically remove dust from solar panels, improving energy yield without the need for water washing.

Lydian

Grant in 2020
Lydian aims to accelerate the decarbonization of the chemical industry by electrifying the chemical production process. Founded in 2021 by Branko Zugic, Lydian is headquartered in

Pendar Technologies

Grant in 2020
Pendar Technologies is a privately held company focused on advancing intelligent chemistry systems by integrating innovative hardware with machine learning algorithms. The company has developed an autonomous chemistry system that utilizes a Raman platform alongside machine-learning techniques to quantify chemical reactants, products, and intermediates in real-time. This technology enables the discovery and scaling of new chemical processes, enhances response capabilities in emergency situations, and contributes to life-saving applications. Pendar's expertise in molecular spectroscopy underpins its efforts to revolutionize the field of chemistry through intelligent and automated solutions.

Alloy Enterprises

Grant in 2020
Alloy Enterprises is a Somerville, Massachusetts-based developer of 3D printing technologies and industrial-engineered products aimed at reducing inefficiencies in conventional manufacturing. The company has developed an aluminum additive technology that enables dense, low-cost parts without relying on expensive or hazardous powders, addressing limitations in traditional methods and supporting advances in lightweight components and emissions reduction.

MSW Power

Grant in 2020
MSW Power Corporation specializes in manufacturing innovative waste management solutions. Founded in 2012 and headquartered in Acton, Massachusetts, the company offers a range of products designed to convert various types of waste, including paper, wood, plastic, agricultural waste, and food, into usable energy in the form of electricity and heat. Key products include the BWEC GEM, an integrated system for waste conversion, and HydroPactor, which reduces the weight of waste by removing moisture. Additionally, MSW Power features a solid waste destruction system that employs mechanical and thermal processes to eliminate moisture from solid waste. The company is committed to providing environmentally beneficial and economically viable solutions that address energy and environmental challenges.

Giner

Grant in 2019
Giner is a technology company focused on electrochemical systems and proton-exchange membrane technologies. It develops commercially viable fuel cells for transportation and stationary power through its electrochemical systems arm, and pursues related technologies such as electrolyzers, sensors and capacitors. In collaboration with General Motors, a portion of its operations supports an alliance to advance fuel-cell solutions. Giner also designs and fabricates components and subsystems including catalysts, membrane-electrode assemblies, screen assemblies and gaskets, enabling environmental sensing applications that detect heavy metals such as arsenic, chromium, cadmium and uranium at parts-per-billion levels. The company aims to reduce greenhouse gas emissions and expand the use of PEM-based devices across energy and sensing applications.

ePaint Company

Grant in 2019
ePaint Company develops specialty antifouling coatings for the United States Coast Guard, The United States Navy, NOAA, Woods Hole Oceanographic Institute, and the U.S Geological Survey. The ongoing research has resulted in three patents.

Pendar Technologies

Grant in 2019
Pendar Technologies is a privately held company focused on advancing intelligent chemistry systems by integrating innovative hardware with machine learning algorithms. The company has developed an autonomous chemistry system that utilizes a Raman platform alongside machine-learning techniques to quantify chemical reactants, products, and intermediates in real-time. This technology enables the discovery and scaling of new chemical processes, enhances response capabilities in emergency situations, and contributes to life-saving applications. Pendar's expertise in molecular spectroscopy underpins its efforts to revolutionize the field of chemistry through intelligent and automated solutions.

change:WATER Labs

Convertible Note in 2018
change:WATER Labs develops innovative technologies to provide safe and dignified sanitation solutions to non-sewered households and communities.

Watchtower Robotics

Grant in 2018
Watchtower Robotics is a company specializing in advanced leakage detection technology aimed at mitigating water breaks and minimizing infrastructure damage. The company develops innovative robots that accurately identify leaks in water distribution pipes without disrupting service. By enabling early detection of potential water issues, Watchtower Robotics allows clients to take proactive measures to prevent costly water leakage and infrastructure deterioration. Their technology focuses on enhancing the efficiency and reliability of water management systems, contributing to better resource conservation and operational sustainability.

Titan Advanced Energy Solutions

Grant in 2018
Titan Advanced Energy Solutions, Inc. is a developer of advanced battery management systems specifically for lithium-ion batteries. Founded in 2016 and based in Somerville, Massachusetts, the company utilizes patented ultrasound technology to enhance battery performance, achieving over 99% accuracy in state of health and state of charge assessments. This technology offers substantial benefits, including a minimum 20% increase in charge capacity and a 125% extension in battery life, while also providing real-time monitoring and balancing at the cell level. Titan's solutions cater to various industries, including electric vehicles, stationary energy storage, mobile devices, and battery manufacturing. Their ionView technology is competitively priced compared to traditional systems, delivering significant advantages to manufacturers, integrators, and end-users in the automotive and consumer markets, thereby contributing to the electrification and decarbonization efforts for a sustainable future.

Metalmark Innovations

Grant in 2018
Metalmark Innovations, Inc. focuses on developing and delivering advanced 3D nanostructured coatings designed to treat airborne pollutants and toxins, enhancing indoor air quality. The company offers its innovative materials as additive coatings for various applications, including building materials and vehicle interiors, effectively addressing pollutants such as hydrocarbons, carbon monoxide, ozone, PM2.5, volatile organic compounds, odors, and germs. Its air cleaning technology employs catalytic materials that filter air with nanoscale precision, contributing to solutions for air pollution and climate change challenges. Founded in 2017 and headquartered in Boston, Massachusetts, Metalmark Innovations was previously known as Aircrew Technologies, Inc. before rebranding in January 2019.

Infinite Cooling

Grant in 2017
Founded in 2017, Infinite Cooling specializes in wastewater management and recycling. It uses high-voltage electric fields to capture and recycle vast amounts of water that would otherwise be lost at industrial facilities like power plants, data centers, and factories.

Via Separations

Grant in 2016
Via Separations, Inc. is a company that specializes in developing membrane-based products for the separation of industrial liquids, aimed at enhancing efficiency in challenging industrial environments. Founded in 2016 and based in Somerville, Massachusetts, the company focuses on industrial decarbonization through innovative chemistries that significantly reduce energy consumption in manufacturing processes. Via's technology allows facilities to cut energy usage by 90% during chemical separation, replacing traditional heat-based methods with a highly selective and robust membrane filtration system. This advancement not only helps to minimize the environmental impact of industrial processes, but it also creates additional revenue opportunities for customers. Currently, Via is conducting pilot trials at pulp and paper facilities with the goal of eliminating 100 million metric tons of CO2 emissions by 2050. The company has successfully scaled its technology and demonstrated working prototypes at a commercial level, having emerged from MIT's Department of Material Science & Engineering.

MTPV

Grant in 2016
MTPV Power Corporation, established in 2003 and based in Austin, Texas, specializes in innovative clean energy solutions. The company focuses on developing Micron-gap ThermalPhotoVoltaics (MTPV) technology, originally researched at MIT and Draper Laboratory before being brought under MTPV Power's umbrella. Their core product is semiconductor chips designed to convert waste heat from various sources into usable electricity, benefiting industrial businesses by enhancing productivity while reducing energy costs.

Wright Electric

Grant in 2016
Wright Electric Inc. is a manufacturer of commercial electric airplanes, focusing on reducing costs and emissions in the aviation industry. Founded in 2016 and headquartered in Los Angeles, California, the company utilizes unique propulsion technology to create aircraft that eliminate emissions without relying on offsets. This innovation aims to make zero-emissions flight as economically viable as traditional fossil-fueled aviation, marking a significant step towards the electrification of the aerospace sector and fostering a sustainable future for air travel.

MTPV

Grant in 2016
MTPV Power Corporation, established in 2003 and based in Austin, Texas, specializes in innovative clean energy solutions. The company focuses on developing Micron-gap ThermalPhotoVoltaics (MTPV) technology, originally researched at MIT and Draper Laboratory before being brought under MTPV Power's umbrella. Their core product is semiconductor chips designed to convert waste heat from various sources into usable electricity, benefiting industrial businesses by enhancing productivity while reducing energy costs.

Evaptainers

Grant in 2015
Evaptainers develops electricity-free mobile refrigeration units that utilize evaporative cooling technology. Founded in 2014, the company aims to improve produce shelf-life along the supply chain, particularly in developing countries.

Tank Utility

Grant in 2015
Tank Utility, Inc. is a Boston-based company, founded in 2014, that specializes in software solutions for the fuel and energy sector. The company designs smart metering devices that utilize wireless sensors to provide real-time tank-level data. Its primary product is a propane monitoring system that combines these sensors with cloud-based applications for efficient business operations. By leveraging innovative business intelligence software, Tank Utility enables fuel distribution companies to minimize unnecessary delivery miles and optimize logistics, thus enhancing customer satisfaction through increased transparency. Additionally, the company offers installation and support services, helping clients improve service efficiency and boost retention rates.

Flodesign Sonics

Grant in 2014
FloDesign Sonics is a company that specializes in innovative acoustic technology aimed at transforming the separations and filtration sectors. The firm utilizes 3D non-linear acoustic standing waves to capture, separate, and purify mixtures without the need for physical membranes, chemicals, or centrifugation. This groundbreaking approach has broad applications across various industries, including life sciences, oil and gas, food and beverage, and industrial processing. The primary focus of FloDesign Sonics is in bioprocess separations, where it applies its technology to enhance the manufacturing of life-saving biopharmaceuticals.

Visible Good

Grant in 2014
Visible Good is a Massachusetts based corporation established in 2012. Through successful efforts within the Army SBIR (Small Business Innovation Research) program, Visible Good completed the development of a one of a kind innovative shelter system that can be deployed quickly and efficiently in almost any environment. Its products create a solution that is energy-efficient, sustainable, and affordable.

Xtalic

Grant in 2014
Founded in 2005, Xtalic specializes in developing and manufacturing unique nanostructured metal coatings that offer corrosion resistance, wear resistance, and improved appearance. Its patented electroplating process delivers premium performance across various applications, including decorative and functional metal finishing, electronics, waterproofing, and precious metal reduction. Notably, its products are free of hexavalent chromium, reducing environmental compliance costs and worker safety hazards.

Loci Controls

Grant in 2013
Loci Controls, Inc. specializes in developing and commercializing automated landfill gas collection systems. The company has created the Loci WellWatcher, which consists of wellhead-mounted hardware and a cloud-based monitoring platform that collects crucial data to enhance landfill gas production. Loci Controls provides real-time monitoring and control of gas composition, pressure, temperature, and flow, resulting in an increase in gas collection efficiency by 20% or more. The company aims to improve safety and reduce operational costs for landfill operators and energy utility customers across the United States. Founded in 2012 and headquartered in Fall River, Massachusetts, Loci Controls combines innovative technology with field service personnel to optimize gas collection and mitigate environmental, health, and safety risks associated with landfill operations.

Bevi

Grant in 2013
Bevi develops bottle-less water dispensers for offices and commercial spaces that dispense beverages made from filtered tap water with natural flavors, including real fruit essences. The systems allow users to customize drinks and view nutrition information, while the company emphasizes tracking environmental impact and reducing waste from bottled beverages. The technology is designed to run on the municipal water supply, aiming to transform beverage delivery by offering eco-friendly, healthy hydration options on site.

SachSiSolar

Grant in 2013
SachSiSolar develops technology to reduce the costs of solar panels. The company provides manufacturers with an inexpensive retrofit for their production lines to increase the efficiency of solar panels. The technology will drive down the cost of high-efficiency photovoltaics and enable high-technology manufacturing in Massachusetts.

SES

Grant in 2012
SolidEnergy Systems Corp. develops and manufactures rechargeable lithium metal batteries primarily for applications in drones, wearables, smartphones, and electric vehicles. Founded in 2012 and based in Woburn, Massachusetts, the company focuses on producing high-performance lithium metal batteries and supplying essential materials, such as anodes and electrolytes, to major lithium-ion cell manufacturers. These materials can be integrated into existing manufacturing processes, allowing for scalability without significant infrastructure investments. SolidEnergy's pilot-scale production caters to prototype demonstrations and specialized aerospace markets, while its future growth is aimed at mainstream sectors like consumer electronics and electric vehicles. Additionally, the company is involved in developing AI-powered safety algorithms and recycling solutions, positioning itself as an integrated battery manufacturer with a commitment to innovation and sustainability.

Takachar

Grant in 2012
Takachar is a company focused on transforming agricultural waste into valuable products, particularly eco-friendly cooking fuel. Operating primarily in Kenya, it has developed low-cost technologies that enable the conversion of unmanaged agricultural residues into charcoal, a non-toxic and affordable energy source for low-income households. Over the past three years, Takachar has established or assisted seven locally run waste-to-charcoal enterprises, some of which have achieved operational profitability. The company has successfully created approximately 100 jobs and sold 50 tons of its eco-char product. By utilizing oxygen-lean torrefaction reactors, Takachar helps farmers reduce waste through recycling, allowing them to generate additional income while preventing open burning of agricultural residues. The company aims to demonstrate the financial sustainability of these enterprises as a foundation for expanding its franchise network in the future.

Ze-gen

Series B in 2009
Ze-gen is a renewable energy company that utilizes proprietary gasification technology with ordinary waste streams to generate clean, sustainable, low-cost synthesis gas for multiple applications. Founded in 2004, Ze-gen has used innovative science, processes, a team, and industrial support in order to organize a group that believes that there is a possibility to efficiently repurpose the carbon content found in everyday waste and use it in various forms of renewable energy.

Thermoenergy

Venture Round in 2007
ThermoEnergy Corporation, founded in 1988 and headquartered in Worcester, Massachusetts, focuses on the commercialization of innovative wastewater treatment systems and carbon-reducing power generation technologies. The company utilizes its Controlled Atmosphere Separation Technology (CAST) platform to offer a range of solutions, including systems for treating brackish and natural water sources, recovering wastewater for reuse, and ensuring compliance with regulatory mandates. Key products include Turbo CAST, a heat recuperation technology, and Mobile CAST, a self-contained wastewater processing system. Additionally, ThermoEnergy develops processes for ammonia recovery, renewable energy generation from waste-activated sludge, and enhanced biogas production from animal waste. The company is also known for its patented pressurized oxycombustion technology, which enables the conversion of fossil fuels and biomass into electricity while minimizing air emissions and capturing carbon dioxide. ThermoEnergy serves various industries, including metal finishing, petrochemical, food processing, and municipal wastewater applications, positioning itself as a leader in sustainable water treatment and clean energy solutions.

Ze-gen

Series A in 2007
Ze-gen is a renewable energy company that utilizes proprietary gasification technology with ordinary waste streams to generate clean, sustainable, low-cost synthesis gas for multiple applications. Founded in 2004, Ze-gen has used innovative science, processes, a team, and industrial support in order to organize a group that believes that there is a possibility to efficiently repurpose the carbon content found in everyday waste and use it in various forms of renewable energy.

Ze-gen

Series A in 2006
Ze-gen is a renewable energy company that utilizes proprietary gasification technology with ordinary waste streams to generate clean, sustainable, low-cost synthesis gas for multiple applications. Founded in 2004, Ze-gen has used innovative science, processes, a team, and industrial support in order to organize a group that believes that there is a possibility to efficiently repurpose the carbon content found in everyday waste and use it in various forms of renewable energy.

Polnox

Seed Round in 2005
Polnox is a company focused on the development of advanced antioxidants, specifically macromolecular antioxidants, aimed at significantly enhancing the longevity of various consumer products and materials. Utilizing its proprietary DT-mPM Antioxidants and eco-friendly McIn Corrosion Inhibitors, Polnox offers products that deliver performance levels that exceed those of traditional additives. The company's innovations provide robust resistance to the damaging effects of heat and oxygen, making its solutions particularly valuable in extending the service life of materials across multiple applications.

VST Technologies

Series A in 1996
VST Technologies develops and manufactures environmentally products designed to reduce the harmful fugitive volatile organic compounds vapors emitted at the gasoline dispensing facility segment of the petroleum industry. Their product includes low permeation, flex fuel, standard, and vapor recovery hoses, safety breakaways, nozzles, and underground storage tank pressure management processors.
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