Jupiter, a climate analytics start up based in the United States, has raised $54 million in a Series C investment headed by Clearvision Ventures and MPower Partners. The fundraising round included participation from CDPQ and the company’s current investors, including DCVC, Energize Ventures, Ignition Partners, Liberty Mutual, MS&AD Ventures, QBE Ventures, and SYSTEMIQ.
According to the reports, the funds will be used to improve the company’s sales and support services. The additional funds will be utilised to increase investment in research and development in order to give more value to the company’s customers. Climate analytics are provided by the corporation to 30 companies in the Global 2000, the US Department of Defence, and FEMA. Climate analytics assist them in understanding the impact of climate change on their physical infrastructure and supply networks, financial portfolio risks, human health and safety vulnerabilities, and the protection of over $10 billion in physical assets.
Earlier this month, Canada-based Grasshopper Energy, a $1.8 billion renewable energy producer has acquired $48 million in funding from Cincinnati’s Fifth Third Bank. The funding will go towards four Grasshopper solar projects in Massachusetts, including a large-scale solar plus battery energy storage project. For large-scale renewables projects, Grasshopper manages acquisition and development, legal and regulatory, corporate financing, project management, and asset management. The company stated that it has a development pipeline of more than $6.5 billion. It is focusing on development opportunities in Pennsylvania, New Jersey, and New York. The company also targets international markets, with plans to develop solar in Brazil, Italy, Vietnam, and Australia.
