Thirteen major venture capital firms launched a coalition Wednesday to support promising clean energy technologies, aiming to create the “next Microsofts and Nvidias of the climate era.”
The All Aboard coalition is notable for its size and the financing power of its participants, which include Breakthrough Energy Ventures led by Microsoft co-founder Bill Gates as well as Khosla Ventures and Gigascale Capital, which was founded by former Meta executive Mike Schroepfer.
The coalition is starting a fund that aims to invest more than $1 billion in clean energy technologies and planning an annual “convening” to match companies with potential financial partners.
This “group of investors is ‘as good as gets’ in term of identifying the companies that have a shot at really making it,” Chris Anderson, founding partner of the coalition and a climate investor, said in an interview.
