Conviction
Four systems where the real economy is changing course.
We back the companies that win because they are the better business: cheaper, faster, more efficient. Lower resource intensity is the consequence, not the pitch.
Four themes
Four themes. One transition.
Four systems where a better business is correcting the course of an industry.
Energy Systems
Power demand is set to grow by nearly 4% a year through 2030.
Efficiency improves at a fraction of the pace needed. We back the hardware and software that make electricity cheaper to produce, store and use.
Industrial Optimization
Heavy industry runs on habit over data.
We back solutions that make industries measure, build and produce better, for less.
Electrification
Transportation and mobility have barely started to electrify.
The core technology is proven – the next leap is making it lighter, faster, cheaper and smarter. We back the founders who get it there, at commercial scale.
Resource Smart Solutions
Less waste. Better economics.
We back companies that make resource-smart the commercially superior choice. Use less, reuse more, recycle smarter and replace costly, resource-intensive systems.
What we look for
Technical insight. Commercial discipline.
Four things we look for in every company, whatever the theme.
A high-value customer problem
A clear need in a market where a better technology changes the economics.
A defensible technical edge
Performance, cost or resource efficiency that gives customers a reason to switch.
Lower resource intensity, built in
Climate science informs the decision alongside commercial judgment. The benefit must scale with revenue, not against it.
A team ready to execute
Founders who turn technical insight into traction and build the organization to scale.