Decarbon8-US, the recently launched, climate-focused philanthropic investment fund, has announced the first three startups that it will be supporting and putting forward for additional investments. The companies are developing technologies that aim to boost electric vehicle adoption, carbon capture and hydrogen fuel infrastructure.
Anyone can donate to the fund, and contributions are tax-deductible. The fund has raised $175,000 with the goal of $250,000.
On Sept. 10, the companies will make online presentations about their businesses and E8, a Seattle-based network of angel investors that created Decarbon8, will share information about the program. Those who are interested can register online.
The three startups were selected from a pool of 38 that applied for funding. The investment committee includes experienced investors and subject-matter experts from academia and the nonprofit sector.