Major Investment Consortium Unveils New Strategy for Expanding Climate Technology Firms, Boasting a $60 Billion Capital Reservoir

The All Aboard Coalition, spearheaded by Chris Anderson, the curator of TED Conferences, has been launched with a mission to help clean tech companies reach true global scale. The coalition is focused on bridging the middle-stage funding gap for startups specializing in clean energy and decarbonization technology, with the aim of creating the next Microsofts and Nvidias of the climate era.

According to a Bloomberg report, the coalition is raising a new fund, the All Aboard Fund, with a goal of $300 million. The focus of the All Aboard Fund will be on technology areas such as long-duration energy storage, geothermal, nuclear, carbon capture, clean hydrogen, and marine decarbonization.

The All Aboard Fund will invest alongside coalition members through a semi-automatic matching mechanism. The coalition includes participants such as Ara Partners, Breakthrough Energy Ventures, Clean Energy Ventures, Congruent Ventures, DCVC, Energy Impact Partners, Future Ventures, Gigascale Capital, Khosla Ventures, NGP Energy Capital Management, Obvious Ventures, Prelude Ventures, Spring Lane Capital, and Vinod Khosla, Founder and CEO of Khosla Ventures. Collectively, these participants manage more than $60 billion in assets.

Vinod Khosla stated that the goal is to make fewer fragmented bets and help more energy technologies make it through the "valley of death," a critical funding gap that many clean tech startups face in scaling up to commercial projects.

Stan Miranda, Founder of Partners Capital and co-founder of the All Aboard Coalition, said that the coalition's commitment sends a strong signal to the wider climate-tech investment community. The All Aboard Fund's investments will help define the future of the climate-tech industry, strengthening the ability to finance growth stage companies and providing the necessary funding to propel clean tech companies to global scale.

Chris Anderson emphasized the urgency of the situation, stating that the world's future is threatened by the lack of funding for companies capable of building a healthy low-emissions global economy. Collective action, he believes, is necessary to fix this issue and create a sustainable future for all. The All Aboard Coalition is a significant step towards achieving this goal.