Check Out The Three Pitch Decks Climate Tech Startups Swytch Technology, Efenco, And Boldr Used To Raise A Collective $6.8 Million

E-bike conversion kit startup Swytch Technology, industrial energy efficiency company Efenco, and consumer energy management startup Boldr raised a total of $6.8 million in November.

London-based Swytch Technology, which has developed a conversion kit that can turn any bicycle into an electric bike, recently secured £3.4 million, or $4.3 million, in funding.

Founded in 2017, the startup wants to make electric mobility accessible and affordable for everyone.

Co-founder and CEO Oliver Montague says the biggest barrier to growth so far has been the lack of fast order processing.

Customers currently wait up to three months to receive conversion kits, as these are specifically tailored to a specific bike and are therefore made to order. It will take about a month to arrive after ordering. Swytch plans to use this funding to shorten delivery times.

The startup operates in North America, Europe and the UK, with some sales coming from the rest of the world. It is planned to double these markets as part of the liquidity injection.

Check out the 16-slide schematic from Swytch Technology below. Keep scrolling for Efenco and Boldr.

Efenco raised $1.4 million to reduce heavy industry emissions

Fossil fuels still power heavy industries like steel and cement. In fact, they are the most efficient source of energy to reach the extreme temperatures required to melt iron or heat a cement kiln.

To fill this gap in the energy transition, Estonian startup Efenco has developed a way to make industrial boilers more efficient by essentially using less. The company recently raised 1.3 million euros, or $1.4 million, to develop its technology.

Founded in 2015, the startup has developed plasma-assisted cold combustion technology that can be retrofitted into existing systems. The company claims to have achieved 20% energy and CO2 savings for the Tallinn-headquartered energy supplier.

"Our primary motivation for creating the company was the urgent need to provide sustainable energy to humanity and reduce carbon emissions in industrial processes," co-founder and CEO Christian Tiik told Business Insider.

"We recognized the significant environmental impact of industries that rely heavily on fossil fuels and sought to create a sustainable and efficient solution."

The startup hopes to increase the efficiency of natural gas combustion to 40% and hydrogen to 75%. It also considers power generation, pulp and paper and ceramics companies as potential customers.

The new funding was provided by Ivo Remelg for EstBAN Syndicate, an Estonian business angel network. The money will be used to double down on product development, functionality, compatibility and integration of advanced materials.

Check out his slideshow of 14 below. Keep scrolling for Boldr.

Energy management startup Boldr raises $1.2 million

London-based startup Boldr raised $1.2 million in funding last month to help consumers become more energy efficient.

Founded in 2022, the startup wants to help households manage energy consumption more efficiently. It offers internet-connected devices like thermostats and electric heaters, as well as energy management software. Its software works not only with itself, but with various heating, cooling or ventilation devices.

"Electrifying homes poses huge infrastructure challenges for power grids and huge upfront costs for consumers at home," said the co-founder and CEO. “At Boldr, our vision is to accelerate this transition quickly and cost-effectively for the end user, making the network more sustainable with each user we bring on board.

The plan is to expand the platform, which Ablyazov describes as an "energy operating system," to eventually include electric cars, solar panels and home batteries.

The idea is that consumers can charge their cars or electronic devices when electricity is cheap and plentiful, reducing strain on the grid during peak hours.

The new funding comes from FP Solutions VC, which focuses on early-stage hardware startups; About Us Company Name: Ada Ventures; tech stars; Focus; and Norrske. Various angel investors are also involved, including Octopus Electric Vehicles CEO Fiona Howarth and LoveFilm's Simon Franks.

The money will be used to bring new products to market and invest more in software. It will also expand the sales and technical teams.

Check out the 24 slide decks you can use to secure funds below:

Startup Tank Climate Investor Pitch Show on October 24 with Mighty Capital, East Ventures and ClimatEU.