
LACI’s Incubation Program Welcomes 12 New Startups to the Forefront of Sustainability

LACI’s First Fund Invested in 17 Early-Stage Cleantech Startups with 29% of Investments in Women Founders and 12% in Black or Brown Founders–In 2022, Less than 2% of All U.S. Venture Capital Was in Invested in Women Founders, 1% in Black Founders, and 2% in Latinx Founders
Los Angeles, CA – March 14, 2023 – The Los Angeles Cleantech Incubator (LACI) today announced initial investments from the newly launched LACI Impact Fund II (LIF II) in two women founded start-ups: Repurpose, whose mission is to eliminate plastic pollution with its sustainable tableware; and ChargerHelp!, the nation’s only on-demand repair service for electric vehicle charging stations. LIF II has set out to raise $30 million in total capital to invest in startups active across all of LACI’s programs–initial investors, or limited partners (LPs), include Arnold Schwarzenegger, Melony and Adam Lewis, and others.
The announcement also follows the successful deployment of LACI’s first fund, or LACI Impact Fund I (LIF I), which invested in 17 cleantech startups. Of the 17 investments, 29% percent of startups are led by a woman founder, and 12% by a Black or Brown founder. In 2022, less than 2% of all U.S. venture capital was invested in female founders, 1% in Black founders, and less than 2% for all Latinx founders.. .
“Given the urgency of the climate crisis as well as the institutional and historical barriers to accessing capital for underrepresented founders, LACI is leaning in to scale our startups’ solutions here in Los Angeles and beyond,” said Matt Petersen, LACI’s CEO. “Our mission is clear, and to create an inclusive green economy we need to invest in underrepresented women, Black, and brown startup founders to overcome the huge barriers to equitable access to capital.”
“One of the keys to tackling climate change is empowering and supporting underrepresented cleantech founders through the lens of gender and racial equity,” said Melony and Adam Lewis. “Given the organization is addressing the climate crisis and equity—two of the fundamental challenges facing our society today—together, we are thrilled to be investors in LACI’s second fund.”
“We’re very excited to partner with LACI to drive business expansion and create green jobs, ” said Lauren Gropper, CEO and co-Founder of Repurpose. “Our company believes climate justice is social justice, and being aligned with an organization like LACI, one that believes in the same mission, is very rewarding. As we expand rapidly, having access to capital and other programs to support bringing our idea to life is paramount.”
“We are excited about the continued partnership with Los Angeles Cleantech Incubator,” said Kameale C. Terry, CEO and co-founder of ChargerHelp. “Their investment will help us further expand our technology offering for EVSE reliability and uptime, as well as continue to create new green jobs.”
LIF I–whose investment advisory committee included a representative of Emerson Collective as well as a representative of the Annenberg Foundation–co-invested alongside venture firms such as ArcTern, Aligned Climate Capital, Energy Impact Partners, Trucks VC, Kapor Capital & Mark Cuban Companies. After the investment from LIF I, many of the 17 startups have gone on to raise significant subsequent rounds totalling over $300 million including Repurpose, ChargerHelp!, and:
In June of last year, LACI launched a national Cleantech Debt Fund, a $6M first-of-its-kind green loan program. The fund addresses institutional barriers that prohibit underrepresented founders from accessing debt capital and maintaining company ownership. Of the 13 companies receiving initial loans, 33 percent of companies have a woman founder or co-founder, and 83 percent of the companies have a founder or co-founder who identifies as Black or Latinx/ The LACI Cleantech Debt Fund deploys loans across the portfolios of LACI as well as partner incubators Greentown Labs, New Energy Nexus, and Evergreen Climate Innovations.
LACI’s other notable programs include the Transportation Electrification Partnership which is working to achieve bold targets by the time of the 2028 Olympic and Paralympic Games in Los Angeles, green jobs training programs which places graduates in LACI startups and partner organizations, and the Women in Cleantech initiative, which has collectively supported 120 women founders growing their businesses.
About Los Angeles Cleantech Incubator
The Los Angeles Cleantech Incubator (LACI) is creating an inclusive green economy for the people of Los Angeles by unlocking innovation by; working with startups to accelerate the commercialization of clean technologies; transforming markets through catalytic partnerships with policymakers, innovators, and private sector leaders in transportation, energy, and sustainable cities; and enhancing communities through workforce development, pilots, and other programs. Founded as an economic development initiative by the City of Los Angeles and Los Angeles Department of Water & Power (LADWP), LACI has been recognized as one of the most innovative business incubators in the world by UBI Global. LACI has helped 375 portfolio companies raise over $1 billion in funding, generated $323 million in revenue, and created 2,565 jobs throughout the Los Angeles region, with a long term economic impact of more than $733 million. Learn more at www.laci.org.
Blueprint Will Identify Where EV Charging Network is Needed to Support Battery Electric Trucks
to Decarbonize Goods Movement and Reduce Disproportionate Pollution in Frontline Communities
(LOS ANGELES) – The Los Angeles Cleantech Incubator (LACI) is one of seven recipients nationwide of
U.S. Department of Energy (DOE) funding to accelerate the creation of zero emission vehicle corridors by
expanding critical charging infrastructure to support the growing fleet of medium- and heavy-duty electric
vehicles and reduce the disproportionate air pollution burdening frontline communities from goods
movement.
Given that goods movement is the single largest source of air pollution in Greater LA, LACI’s
Transportation Electrification Partnership (TEP) set a target of 40% of all short haul drayage trucks to be
zero emissions and 60% of all medium-duty delivery trucks to be electric by the time of the 2028 Olympic
and Paralympic Games. The grant DOE awarded LACI will fund work that lays the groundwork for
achievement of that goal.
In a DOE news release announcing the $688,850 award to LACI, Secretary of Energy Jennifer M. Granholm said, “A clean transportation sector requires vast investments across the entire industry, including to decarbonize the trucks that move our goods and building more charging ports to get those trucks from coast to coast. President Biden’s historic clean energy laws are making it possible for us to get more EVs on the road by expanding charging infrastructure into underserved communities, while reducing range and cost anxiety among drivers who want to go electric.”
“As we pointed out in our clean trucks for clean air campaign last year, goods movement is critical to California’s prosperity, and yet in aggregate is also the single largest source of air pollution in Greater LA, disproportionately impacting frontline communities near ports, freeways, and warehouses,” said LACI’s President and CEO Matt Petersen. “With this DOE grant, LACI and our TEP members will create a strategy for the deployment of infrastructure to ensure the charging network addresses the diverse needs of medium- and heavy-duty truck drivers and operators while meeting critical equity and environmental justice priorities.”
LACI’s successful DOE application is entitled First to Last Mile: Creating an Integrated Goods Movement Charging Network around the I-710 Corridor. To support the electrification of drayage and delivery trucks, LACI will create a detailed regional investment plan for innovative infrastructure solutions at industrial facilities and commercial zones along critical freight arteries feeding into I-710 freeway. This regional plan will leverage existing goods movement real estate assets (e.g. ports, warehouses, distribution centers, retail locations) to provide charging for different supply chain fleets that can expand the proportion of duty cycles completed by a battery-electric truck, and prepare local city governments to most effectively and efficiently site and permit the needed charging infrastructure.
LACI’s investment blueprint, including specific infrastructure deployments accompanied by vetted business models, will be shared with energy service providers and investors looking to lay the foundation for battery powered electric trucks in Southern California.
“We are grateful that the DOE recognized LACI and TEP’s leadership to accelerate the move toward zero emissions goods movement,” continued Petersen. “This transition is vital to the future to the economy of Southern California as well as the health of communities of color along the I-710 and other goods movement corridors by reducing the burden of toxic and cancer-causing emissions from diesel trucks.”
LACI’s application to DOE was based on the work of TEP and its members over the last 5 years, including a 2018 RFI released by LACI in partnership with the Ports of Los Angeles and Long Beach, the California Air Resources Board, and California Energy Commission. Based on the responses to the RFI from private sector leaders, LACI and TEP have focused on bringing charging for zero emissions to the ports and along the ‘I-710 corridor. Last year, LACI along with the Mayors of LA and Long Beach successfully advocated for an additional $100 million for zero emissions drayage truck fueling infrastructure to be included in the California state budget.
LACI’s partners in the DOE-funded work are University of California Riverside College of Engineering – Center for Environmental Research and Technology (UC-Riverside CE-CERT), East Yard Communities for Environmental Justice, and Gateway Cities Council of Governments (COG), with support from the City of Los Angeles and the LA Clean Cities Coalition (LACCC), and aided by Partner Fleets and Energy Service Provider and Community Advisory Groups. LACI will also collaborate with TEP members such as Southern California Edison (SCE), Los Angeles Department of Water & Power (LADWP), and others in this award.
The news of LACI’s grant was part of a larger DOE announcement of $7.4 million to fund seven projects that will accelerate creation of zero emissions vehicle corridors that expand the nation’s zero emissions truck charging infrastructure in 23 states.
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ABOUT
Los Angeles Cleantech Incubator (LACI) is creating an inclusive green economy for the people of Los Angeles by unlocking innovation by working with startups to accelerate the commercialization of clean technologies, transforming markets through partnerships with policymakers, innovators, and market leaders in transportation, energy, and sustainable cities, and enhancing communities through workforce development, pilots, and other programs. Founded as an economic development initiative by the City of Los Angeles and Los Angeles Department of Water & Power (LADWP), LACI has been recognized as one of the most innovative business incubators in the world by UBI Global. LACI has helped 375 portfolio companies raise over $1 billion in funding, generated $323 million in revenue, and created 2,565 jobs throughout the Los Angeles region, with a long term economic impact of more than $733 million. Learn more at www.laci.org.
Statement By Matt Petersen, President and CEO of Los Angeles Cleantech Incubator (LACI):
The Los Angeles CleanTech Incubator thanks Rep. Nanette Barragán for successfully advocating for the inclusion of language directing the US DOE to fund an innovative electric-vehicle-sharing program for public housing residents in the 2023 Omnibus Spending Bill. The language directs the U.S. Department of Energy (DOE) to prioritize providing grants and technical assistance to public housing agencies to establish EV car-sharing programs for their residents. The goal is to ensure equity in the rollout of clean electric transportation by creating opportunities for disadvantaged residents and people of color to participate in the transformation now, and reap the benefits of cleaner air and advanced technology.
This language was based on the bill Rep. Barragán introduced in 2022: H.R. 6662, the EVs for All Act, which provides $50 million each year for 10 years to expand access to EVs for public housing residents. The bill idea was based on LACI’s successful pilot EV car-sharing program at HACLA’s Rancho San Pedro public housing project in Barragán’s San Pedro district. Residents paid $3/hour to use two dedicated EVs located at the project. The San Pedro pilot program is continuing alongside LACI’s recently launched e-Bike loan program, Good2Go.
Matt Petersen,
President and CEO of Los Angeles Cleantech Incubator
I hope this note finds you enjoying time with loved ones, having returned to celebrating in person with friends, family, and colleagues once again.
As we approach years end and reflect on 2022, I am inspired by what the LACI team as well as all our entrepreneurs, workforce training graduates, and partners have accomplished and made possible in the last year. As we work to create an inclusive green economy here in Los Angeles—including moving at speed and scale to meet the climate crisis—through advancing equitable solutions, there are a few highlights from the last year that stand out:
These victories and milestones translate to impact. And we look forward to doing more together in 2023.
On behalf of everyone at LACI, I thank you for your support. We wish you and yours a very happy, healthy, green holiday and a prosperous, equitable year ahead!
Matt Petersen
LACI CEO
Throughout the Summer and Fall of 2022, Los Angeles Cleantech Incubator (LACI) welcomed 9 startups innovating clean technologies to our light-touch Innovators Program, 9 startups to our 2-year intensive Incubation Program, and 1 company deploying a larger scale impact-focused pilot to our Market Access Program. Beyond the lens of cleantech we also opened our doors to a Cohort of 15 entrepreneurs joining our Founders Business Accelerator Program. These small business founders have cared for our local communities through their offerings in dining, entertainment, health and wellness services, and so much more.
LACI’s annual Market Landscape Report, analyzes the market and various sectors to identify top priorities in accelerating the commercialization of cleantech and reductions in real and perceived barriers to adoption. Guided by this intelligence, LACI’s recruitment efforts are focused on Zero Emissions Transportation, Clean Energy, and Sustainable Cities. As a result, we are better able to identify and support startup businesses incubating these technologies and help them develop, test, pilot and bring these key offerings to market and thereby promote environmental, health, and economic opportunities and benefits for communities throughout our market and across the nation.
LACI’s Market Access report identifies three core areas of cleantech from which we recruit and develop founders innovating solutions in these sectors.
We’re eager to advance incoming startups like Veloce Energy that are providing modular energy storage, installation systems, and integration software to electrify everything from vehicles, commercial buildings, and homes. And others like LACI’s Market Access portfolio company Microgrid Labs that makes it easier for medium and heavy duty electric vehicle fleet operators to perform assessments and aggregate electrification plans with their creative platform management solution. We’re also excited for Coralite to demonstrate their waste reduction solution for recycling foam into various applications throughout the automotive & construction industries.
We encourage circularity and help our startup and small business participants focus on impactful outcomes through a progression of programs that help founders scale their businesses and develop proprietary technologies as they advance through these programs. We also provide guidance to help our portfolio companies pivot when new opportunities arise. Take Shred Cycle for example, who participated in our 6-month Founders Business Accelerator Program (FBA). When Shred Cycle’s founder realized her original passion project of recycling skateboard wheels could better serve her mission and the community with an entirely new business model of upcycling polyurethane waste, thereby reducing the impact that industry has on the City of Los Angeles, aided by her Executive In Residence, she made the shift with great success. Companies like those in our FBA Cohort 7, some of who have been in business for 2 years while others are regarded as community legends with operating history of some 20 years, will re-imagine and re-invigorate their businesses and the communities they serve by focusing on sustainable and environmentally conscious business practices that create new jobs, reduce waste, and stimulate economic wealth across our region – especially among historically under-resourced communities.
LACI is proud to amplify these stories, lift-up and empower 34 women founders and 36 founders from traditionally underrepresented groups who are joining the LACI Family this year!
We’re happy to introduce the full roster of 19 startups companies entering LACI’s founder programs across our three sector areas of focus:
APPLY FOR LACI’S INCUBATION PROGRAM TODAY!
CLEAN ENERGY
Hardware solution to unlock the great potential of residential buildings in providing affordable, clean, and equitable energy for residents by making the electric meters intelligent, without costly upgrades.
Developing a vertical wall concept device which is comprised of a series of wind induced oscillating geometries. As the devices flutter in the wind, they produce electricity on a micro scale on the interior encasement of the system.
Wayside Energy is creating a recyclable, modular, and rigid single piece injection molded battery pack system with a unique geothermal cooling system that is industry leading in price, reliability, safety, and performance while being cheap and simple to manufacture.
A new source of renewable energy from a combination of compost and solar heat. The project provides an alternative solution to current waste landfill operation which is not environmentally safe, and does not benefit the surrounding communities.
ZERO EMISSIONS MOBILITY
Veloce is creating a platform of technologies to make it easier, faster and cheaper to electrify everything: vehicles, commercial buildings, homes.
Microgrid Labs is launching a pilot with LACI to provide their EVopt planning Software as a Service solution to a network of medium and heavy duty electric vehicle (EV) fleet operators. This pilot will demonstrate the advantage of our self-service platform for performing EV fleet assessments and the ability to aggregate electrification plans.
BASEstud.io is designing Beyond Smart Lighting Infrastructure to provide communities with access, equality, safety and sustainability – core needs for a well-balanced city.
Emissionless Technologies
Emissionless Technologies is an all-electric freight carrier, operating a fleet of electric semi-trucks through a network of supercharging hubs. The X Logistics solution overcomes range limitations using the Transfer Hub model and connected fleets to keep freight moving, reducing inefficiencies endemic to conventional distribution networks.
Wild Technologies has designed the easiest to manufacture and customize battery pack for the marine industry.
CIRCULAR ECONOMY
Kit Switch is a modular building interiors startup creating a line of plug-and-play kitchens for multifamily housing developments.
Relyion Energy is enabling longer and sustainable use of Li-ion batteries.
VARIANT3D is 3D printing on demand for fully customizable textiles using sustainable or recycled inputs.
Shred Cycle Inc. is making sustainability easy and accessible to action sports enthusiasts by upcycling polyurethane waste, from skateboarding wheels and manufacturing waste, back into useful outdoor products.
Coralite
Coralite is an innovative performance material company – the Coralite material is made from 100% recycled foam, is fully circular, and has little to no waste in its production.
Galora is the Airbnb of homegrown food. Neighbors can buy, sell or trade what they grow, bake, or make. Every year, 11.5 billion pounds of U.S. homegrown food is wasted.
ThermoShade
ThermoShade is a “passive cooling” panel that can be retrofitted onto outdoor structures, creating a space that feels up to 20°F cooler than the outside air temperature with zero electricity and zero water.
LACI’s network of cleantech companies continues to grow in membership and as individual startups advance their solutions and demonstrate tremendous success in-market after completing LACI’s founder programs. To date, LACI has helped 340 portfolio companies raise $697M in funding, generated $323M in revenue, and created 2,565 jobs throughout the Los Angeles region, with a long-term economic impact of more than $573M. Of the Incubation startups from LACI’s rebooted cohort model, EV charging station services provider ChargerHelp! currently employs 32 people and services 20,000 charging stations across 11 states. EV charging as a service provider SparkCharge recently raised $1M from SharkTank’s Mark Cuban. And, Maxwell Vehicles is working with a group of partners and startups to deploy the nation’s first-ever Zero Emission Delivery Zone with the goal of lowering emissions and decreasing traffic.
DIVERSITY METRICS
LACI’s mission of building an inclusive green economy is powered by a diverse range of staff, partners, program participants, and cleantech innovators, many of which are from historically underrepresented populations. As highlighted in a recent Yahoo! Finance story, LACI is leading efforts to create an inclusive green economy in Los Angeles. With a focus on supporting underrepresented founders. Our commitment to recruiting and supporting women, BIPOC, LGTBQ+ founders and other historically underrepresented groups is demonstrated by the diversity of founders represented in our recent cohorts as indicated below:
FBA COHORT 7
Founders Business Accelerator welcomed 15 small businesses into the program this fall.
INNOVATORS COHORT 7
We welcomed 9 new startups to this cohort in September. To learn more about these inventive founders and their offerings, please view this Startups Overview Deck.
INCUBATION COHORT 5
We welcomed 9 new startups to this cohort in October. To learn more about these dynamic founders and their cleantech solutions, please view this Startups Overview Deck.
MARKET ACCESS COHORT 4
Welcome Microgrid Labs!
The Market Access Program welcomes its newest founders, Narayanan Sankar and Namit Singh, of Microgrid Labs. Microgrid Labs offers Software as a Service for optimal planning, design and operation of electric fleets that provide a low-cost, accurate and scalable solution that can evolve with fleet demands and ease the transition to electric fleets. They have demonstrated cost and time savings with their EVopt SaaS platform across 10 projects throughout the country, including planning for a fleet of 800 EV school buses.
Microgrid Labs’ EVopt planning SaaS Solution Model
Microgrid Labs’ Market Access Pilot
During their time in the Market Access Program, Microgrid Labs will deploy a pilot that provides their EVopt planning SaaS solution to a network of fleet operators, demonstrating the advantage of a self-service platform for performing fleet assessments and the ability to aggregate fleet electrification plans. This will generate valuable insights on the shifting of demand on grid load access for multiple fleets.
Now Accepting Pilot Partners
Microgrid Labs is now accepting pilot partners in Los Angeles to serve multiple EV fleets including modes of last-mile delivery, light and medium duty, school bus and drayage fleets.
To learn more about how to be a pilot partner for this innovative solution in LA please contact pipeline@laci.org.
Pasadena Water & Power (PWP) has been a member of the Transportation Electrification Partnership (TEP) since 2020. As a utility for a smaller city, PWP’s partnership has been vital to understanding how we can move the needle towards an electrified future at the local level. The city’s climate action plan encourages EV transportation in order to reduce net emissions of greenhouse gasses, nitrogen oxide and harmful particulate matter emanating from a typical internal combustion engine. As such, PWP has made bold moves to electrify their city, and has demonstrated the importance of local leadership in achieving the Partnership’s Zero Emission Roadmap 2.0 goals through their Power Up Pasadena initiative.
PWP kicked-off the Power Up campaign in 2018, when it introduced new rebates for electric vehicles and EV chargers. They provide incentives for residential and commercial electric customers, which encourages adoption of EVs and EV infrastructure.
Public Charging Opportunities
PWP is also expanding charging infrastructure by installing chargers at public parking structures throughout the city, the largest of which is Marengo Charging Plaza. With a total of 44 chargers, 24 superchargers installed by Tesla and 20 fast chargers installed by the city of Pasadena, the Marengo Charging Plaza is one of the largest public EV fast-charging plazas, not only in the city, but in the nation. Within its first months of operation the Plaza captured more than 7,000 charging sessions per month.
The support of public-private partnerships has proven an effective way to advance EV infrastructure and provide the technology needed to benefit the community. With the help of grants from the California Energy Commission (CEC) and South Coast Air Quality Management District (South Coast AQMD), and revenues from the Low Carbon Fuel Standard program, the city was able to construct the entire project without the use of rate payer dollars.
The Arroyo EV Charging Depot is another recent example of PWP’s commitment to the Power Up initiative. With a total of 26 chargers—20 of which are Tesla V3 Superchargers—the Depot helps support the city’s growing demand for EVs. Since the launch of the Power Up campaign, PWP has installed over 100 public EV chargers in the city and plans to continue building more. Pasadena City Council recently approved bringing three additional large charging facilities to Pasadena, including two community centers and a large expansion at the Del Mar Metro Station facility.
Paving the Way Forward
Pasadena has the distinction of having the highest percentage of EV drivers among all Southern California electric utilities, and plans to continue supporting these drivers through expanded charging infrastructure and generous incentives. The city is focused on placing EV chargers at central locations throughout the city’s 23 square mile boundaries that will help drivers support their daily commute and extend their electric range to reach further destinations.
This type of bold leadership at the local level is critical to transforming the Greater Los Angeles region in time for the 2028 Olympic and Paralympic Games. As we near our target date, local leadership will become increasingly important to achieving our ambitious goals.
– Shevonne Sua, LACI Transportation Program Coordinator
The Transportation Electrification Partnership (TEP) is an unprecedented regional public-private collaboration to accelerate deep reductions in climate and air pollution by the time of the 2028 Olympic and Paralympic Games. All of our partners have committed to work individually and collectively to pursue policies, pilot projects, and other actions that are equity-driven, create quality jobs, grow the economy, and help the region reach the bold targets in the TEP’s Zero Emissions 2028 Roadmap 2.0.
Pasadena Water & Power and Tesla electric vehicle charging stations on the roof of the Marengo parking garage at 155 E Green St., Jan. 24, 2020. (Photo by: Eric Reed/Pasadena Water & Power)
Pasadena’s Marengo Parking Structure’s top level is a joint electric vehicle charging station provided by Pasadena Water & Power with Tesla, March, 2020. (Eric Reed/Pasadena Water & Power)