The GreenTech sector features a growing number of unicorn startups. These companies are developing new approaches to energy, manufacturing, and carbon capture.

For example, Octopus Energy Group from the UK has reached a $9 billion valuation. Meanwhile, US-based Divergent has secured $1.1 billion in funding to change vehicle manufacturing.

Below is the full list of 8 GreenTech unicorn startups at this time.

Top 8 Most Valuable GreenTech Unicorns

Octopus Energy Group provides renewable energy to millions of customers worldwide through its technology platform, Kraken. They specialize in making green power affordable and customer-centric, aiming to speed up the transition from fossil fuels.

Valuation$9B
HeadquartersLondon, England, United Kingdom
Year Founded2015
FoundersGreg Jackson, James Eddison, Stuart Jackson
Funding Amount$2.9B
Company SizeEnterprise Organization (5,001+)
Last Funding StatusPrivate Equity
Top InvestorsGeneration Investment Management, Galvanize Climate Solutions, Lightrock, Origin Energy, CPP Investments

Divergent developed a software-hardware platform designed to replace traditional vehicle manufacturing processes. Their Divergent Adaptive Production System uses 3D printing to create more sustainable and efficient components for the automotive and aerospace sectors.

Valuation$2B
HeadquartersTorrance, California, United States
Year Founded2013
FoundersKevin Czinger
Funding Amount$1.1B
Company SizeLarge Team (251-1,000)
Last Funding StatusSeries E
Top InvestorsHorizon Technology Finance, Alumni Ventures, Hexagon, Hedosophia, MUUS

Solugen engineers high-performance chemicals and materials from plant-based feedstocks inside their carbon-negative molecule factory. They provide industries with sustainable, bio-based alternatives to the petroleum products used in everything from water treatment to personal care.

Valuation$2B (Joined September 2021)
HeadquartersHouston, Texas, United States
Year Founded2016
FoundersGaurab Chakrabarti, Sean Hunt
Funding Amount$855.8M
Company SizeMid-Size Team (51-250)
Last Funding StatusSeries D
Top InvestorsValor Equity Partners, BlackRock, Y Combinator, Temasek Holdings, Lowercarbon Capital

TIER Mobility operates a shared fleet of electric scooters, bikes, and mopeds to offer more sustainable urban transportation. Their app allows riders to easily find and rent vehicles for short trips, aiming to reduce inner-city car dependency.

Valuation$2B
HeadquartersBerlin, Berlin, Germany
Year Founded2018
FoundersJulian Blessin, Lawrence Leuschner, Matthias Laug
Funding Amount$646.9M
Company SizeMajor Organization (1,001-5,000)
Last Funding StatusSeries D
Top InvestorsSpeedinvest, RTP Global, Goodwater Capital, Goldman Sachs, Northzone

Climeworks has pioneered direct air capture technology, creating machines that pull carbon dioxide straight from the atmosphere. Their carbon removal service offers a permanent and measurable way to reverse CO₂ emissions.

Valuation$1B
HeadquartersZürich, Zurich, Switzerland
Year Founded2009
FoundersChristoph Gebald, Jan Wurzbacher
Funding Amount$946.1M
Company SizeLarge Team (251-1,000)
Last Funding StatusPrivate Equity
Top InvestorsBaillie Gifford, Partners Group, Global Founders Capital, GIC, Zürcher Kantonal Bank

Twelve builds technology that transforms captured carbon dioxide into the same chemicals and fuels traditionally made from fossil fuels. Their carbon transformation process creates a range of products, including materials for consumer goods and a sustainable aviation fuel.

Valuation$1B
HeadquartersBerkeley, California, United States
Year Founded2015
FoundersEtosha Cave, Kendra Kuhl, Nicholas Flanders
Funding Amount$929.4M
Company SizeLarge Team (251-1,000)
Last Funding StatusVenture Round
Top InvestorsTPG, Techstars, Greycroft, Cantos, National Science Foundation

Turntide Technologies develops and manufactures a patented electric motor system aimed at significantly reducing energy consumption. They focus on replacing inefficient traditional motors in applications like HVAC systems to help businesses lower operational costs and their carbon footprint.

Valuation$1B (Joined June 2022)
HeadquartersSunnyvale, California, United States
Year Founded2013
FoundersMark Johnston, Piyush Desai
Funding Amount$491.5M
Company SizeLarge Team (251-1,000)
Last Funding StatusVenture Round
Top InvestorsBreakthrough Energy Ventures, National Science Foundation, BMW i Ventures, FootPrint Coalition, Fifth Wall

Qiyuan Core Power Technology develops green energy solutions centered on battery swapping technology for heavy-duty transportation and integrated energy storage. They are known for a full lifecycle battery management platform that underpins their network of renewable energy and vehicle swapping stations.

Valuation$1B
HeadquartersShanghai, Shanghai, China
Year Founded2020
Founders—
Funding AmountCN¥2.5B
Company SizeEnterprise Organization (5,001+)
Last Funding StatusSeries C
Top InvestorsSPIC, Zhuhai Gree Financial Investment Management, Fresh Capital, Bank of China Financial Assets Investment, Contemporary Amperex Technology