As of August 30, 2021, there has been over five times the amount of investment in Clean Technology compared to the entirety of 2017.
However, a sizeable portion of this money has gone to a small group of companies that received massive investments: The two largest deals in 2021 (totaling $5.15 billion) were completed by Rivian, a personal electric vehicle manufacturer. Generate, a green investment firm, secured the third-largest deal in 2021 ($2 billion). These three deals accounted for 63 percent of the total Clean Tech investment in 2021. This speaks to the ‘lumpiness’ of this data—just a few decisions can swing trends in a given year.
Investment has exceeded 2020 levels in every category though August 30, 2021, except for Food Systems (which includes companies working on greener food systems), which is, as of this report’s publishing, 40 percent lower than the 2020 total.
Land Use, Carbon Tech, and Industry & Materials have more than doubled their 2020 total thus far in 2021, and “Transportation and Mobility” has recovered from its 2020 drop-off.