As the world grapples with the urgent need for sustainable solutions, cleantech has emerged not just as a necessity but as a thriving investment opportunity. This point is also understood by already thriving companies like renewable’s company Sunly. 

With the previous two funds, Sunly has helped grow leading cleantech companies in the region, such as Skeleton Technologies, Comodule, UP Catalyst, and Solarstone. Sunly was the first investor in the Baltics to focus on hardware-led startups as sustainability can’t be achieved only on the digital front. This makes only sense that the next step is Sunly Future Ventures – a fund that aims to invest to early-stage cleantech startups. Conviniently, this year at Latitude59, the spotlight is also on cleantech, a sector that promises not only environmental benefits but also substantial economic returns.

Why Invest in Cleantech and supporting ventures?

Cleantech, or clean technology, encompasses a wide range of products, services, and processes that harness renewable materials and energy sources, dramatically reduce emissions and waste, and provide superior performance at lower costs than conventional technologies. As global awareness and regulations around climate change tighten, the demand for these
technologies is skyrocketing.

Investing in cleantech is investing in the future. The sector has shown resilience and growth, driven by innovation and increasing consumer and corporate demand for sustainable alternatives. From renewable energy technologies like solar and wind to electric vehicles and energy-efficient appliances, cleantech is paving the way for a greener economy.

The Economic Potential

The economic implications of investing in cleantech are vast. Not only does it open up new markets and create jobs, but it also offers competitive returns for investors. Governments around the world are supporting the sector through incentives and subsidies, making it an even more attractive investment. Moreover, as technology advances, the cost of producing
and implementing clean technologies is decreasing, making them more accessible and widespread.

Investment Trends in the EU

In the European Union, cleantech investments have shown resilience and strategic growth. In 2023, the EU maintained a steady investment level of €11.1 billion in cleantech, matching the figures from the previous two years. This demonstrates the sector’s robustness amidst a challenging economic climate. Notably, the EU has increased its share of global cleantech
venture and growth investment from 16% in 2022 to 21% in 2023, reflecting a growing recognition of the region’s potential in leading the green transition.

Cleantech Investments in the Baltics

The Baltic region has been particularly active in embracing cleantech investments. Estonia, Latvia, and Lithuania have seen a significant uptick in both the number and volume of cleantech deals, driven by a robust ecosystem of startups and supportive government policies. In 2023, the Baltics collectively accounted for a substantial portion of the EU’s cleantech
investments (€420 million), with Estonia leading in per capita investment. Regulatory frameworks in the Baltics have played a crucial role in this growth, providing incentives and creating an environment that fosters innovation and attracts investment. These regulations not only support existing technologies but also encourage the development of new solutions, making the Baltics an attractive region for cleantech investors.

The Rising Trend of FOAK Investing in Cleantech

First-of-a-kind (FOAK) investments are gaining momentum as they are crucial for proving the viability of new technologies. These projects often serve as benchmarks, setting standards and providing valuable data for the industry. FOAK investments push the boundaries of current technology, driving innovation, influencing regulatory frameworks, and providing investors with a competitive edge by being first movers in new technologies. Despite the risks associated with technological uncertainty and substantial capital requirements, the opportunities for transformative impact and financial returns make FOAK investments increasingly appealing. The trend of FOAK investing in cleantech represents a bold stride towards a sustainable future. As this trend continues to grow, it will likely shape the landscape of environmental
technology and sustainability efforts worldwide. For investors at Latitude59 and beyond, FOAK projects offer a unique opportunity to be at the cutting edge of technological innovation while playing a pivotal role in driving environmental progress.

Expect a lot of cleantech at Latitude59

Latitude59 is the perfect platform to explore these opportunities. Known for bringing together the brightest minds in technology, this event provides a unique space for investors, innovators, and policymakers to converge and discuss the future of tech, including cleantech.

Special Side-Event: DON’T PANIC aka the Cleantech Mixer

Don’t miss the exclusive side-event on cleantech, designed specifically for those interested in the intersection of sustainability, innovation, and investment, brought to you by Sunly and Sunly Future Ventures, the VC fund backing new economy frontrunners. 

Here’s what you can expect:

• Insightful Discussions: Engage in conversations about the nuts and bolts of deeptech, understand the financial strategies for backing impactful ventures, and get a comprehensive overview of the Baltic region’s status in the cleantech landscape.
• Networking Opportunities: Connect with fellow investors, founders, and international experts who are driving the cleantech megatrend. Share insights, explore partnerships, and find new investment opportunities.
• Relaxed Atmosphere: After a day full of insights and networking, wind down with us on the sunny terrace of our brand new office. Enjoy an evening filled with lively discussions, refreshing drinks, and delicious snacks.

Cleantech is more than just an investment in clean energy; it’s an investment in a sustainable and profitable future. Whether you’re an investor, a founder, or simply curious about the future of technology, Latitude59 is the place to be, and Sunly Future Ventures is the one to deliver. Don’t miss out on the chance to be part of the conversation that shapes the future of the planet and our economies.

Get your ticket to Latitude59 and make sure to sign up for our cleantech side-event. Let’s invest in a cleaner, greener world together!