The strength, variety, and depth of the Israeli climate tech
ecosystem is reflected in the list of Israeli climate tech startups that have
reached unicorn status. This list includes companies that develop products and
technologies that either directly reduce GHG emissions, or provide resilience
to the impacts of the changing climate. It is worth noting that some of the
startups were not established with a climate positive purpose, but evolved into
a climate tech startup, developing a strong climate value proposition, as part
of their venture and mission.
The list includes 7 startups from different domains that have
gained the title unicorn (evaluation higher than $1B) in their lifetime, as
noted in different media channels and reports. Each climate tech unicorn shared
with us a quote from their CEO, describing the startup’s climate impact. The
following quotes and information were provided by the startups for this
specific updated report. A notable company that is not listed is SolarEdge, an
Israeli climate tech company with a market value of $17.5 billion as of today.
It is the first Israeli company to join the S&P 500, and has over 2.6
million installations across 133 countries that are advancing solar energy.
Looking Ahead The emergence of Israel as a climate tech nation is
a reality. Entrepreneurial, scientific and engineering academic excellence, an
established and thriving hi-tech industry, as well as early stage government
support all contribute to the growth of climate technologies in the country.
Israel is integrating into the global climate tech arena, participating and
collaborating with initiatives globally. This both benefits the growth of
startups and the ecosystem, while also providing solutions for international
decarbonization and sustainability targets.
Israel is seizing the challenges and opportunities that the
climate crisis presents and is forging a new pathway and vertical of excellence
in climate tech. We expect a radical shift in mindset from Israeli founders and
investors, as well as a fulfilment of commitments both from the public and
private sectors will drive continued growth for the Israeli climate tech ecosystem
Methodology Startups are classified as all the climate tech companies founded
after the year 2001 and which have raised investments, as well as young
companies – founded less than 5 years ago – that have yet to raise funding.
Published by PlaneTECH
https://www.planetech.org/