Category: N-LACI-Events

LACI Events

Congresswoman Nanette Barragán (CA-44) Presents Check to Los Angeles Cleantech Incubator (LACI) for $1.5M in Federal Funding for First of A Kind Truck Charging Infrastructure Project

Posted on August 23, 2023 by - Release, N-News, N-LACI-Events, Home Featured, LACI News, News Featured

LACI Will Seed First Public Depot Charging Infrastructure on Port of Los Angeles Property, Helping Meet the 2028 Transportation Electrification Partnership’s Zero Emissions Target and State 2035 Deadline

 

Los Angeles, CA, August 23, 2023 –  Thanks to a $1.5 million Community Project Funding (CPF) grant secured by Congresswoman Nanette Barragán (CA-44), and awarded to the Los Angeles Cleantech Incubator (LACI) through the Department of Housing and Urban Development (HUD),  LACI will help install public charging infrastructure dedicated for use by electric heavy-duty trucks that transport freight between the Port of Los Angeles and nearby distribution centers, a major step towards replacing the current fleet of highly-polluting diesel drayage trucks.

During a news conference at the Wilmington site of the future charging station, Rep. Barragán presented LACI’s President and CEO Matt Petersen with a check representing the investment, and together, they shared plans and renderings for the Port’s first-ever public EV truck fast-charging station. 

“The success of our clean energy future requires investments in charging infrastructure today. LACI has the vision and capacity to accelerate the adoption of EV heavy-duty drayage trucks in support of decarbonization goals and to improve the health and welfare of our frontline communities,” said Rep. Barragán.

“The Los Angeles economy depends on trade and goods movement, but we also depend on healthy families and communities. That’s what today’s announcement is really about,” said Mayor Karen Bass. “I am proud to support the installation of electric charging at the Port of Los Angeles, and I’m grateful to Congresswoman Barragán, Port of Los Angeles staff and LACI for their leadership in making this possible.”  

“We are deeply grateful for Congresswoman Barragán, who is an incredible advocate for reducing air pollution and protecting those communities that suffer the most: Black, brown, and low income neighborhoods near ports, freeways, and warehouses,” said Matt Petersen, LACI CEO of co-chair of the Transportation Electrification Partnership (TEP). “As LACI stressed in our clean trucks for clean air campaign last year, goods movement is critical to California’s prosperity, but is also the single largest source of air pollution in Greater LA—thanks to Representative Barragán, this initiative will bring to fruition years of work to advance zero emissions solutions to replace dirty diesel drayage trucks.”

 


“Today’s announcement is further proof of our commitment to achieving zero-emissions operations,” said Los Angeles Harbor Commission President Lucille Roybal-Allard. “With strong partnerships – like those with Congressmember Barragán and the LA Cleantech Incubator – we will accelerate deployment of zero-emission trucks to do what’s right for the environment, right for the truckers, and right for our port communities.”

“While the Port of Los Angeles moves more containers than any other in the Western Hemisphere, our Harbor communities feel that impact daily by the emissions from the trucks going to and from,” said Councilmember Tim McOsker (CD15). “As we work towards a goal of 100% clean energy trucks by 2035, with this charging station, we are one, important step closer.”

Given that goods movement is the single largest source of air pollution in Greater Los Angeles, LACI’s Transportation Electrification Partnership (TEP) set a target for 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. Further, the Ports of LA and Long Beach’s Joint Clean Air Action Plan—as does an executive order from Governor Newsom—requires 100% of the drayage trucks registered and serving the ports be zero emissions by 2035. This award to LACI will fund the first public depot charging infrastructure on Port of Los Angeles property that lays the groundwork for achievement of those goals. 

The new chargers will be capable of providing electric drayage trucks with a full charge in half an hour. Drayage is a category of heavy-duty trucks designed to move containers and bulk freight short distances. Drayage trucks are constantly in motion at the Port and on surrounding roads and freeways. Their emissions are a major source of air pollution in the frontline communities adjacent to the Port and freeways, including along the I-710 and I-110.  

To support the electrification of drayage and delivery trucks, LACI and the Transportation Electrification Partnership (TEP) are creating 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  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.

“WIth the critical support of the DOE, LACI and TEP are adding to our blueprint for charging infrastructure along the 710 by looking at other freight corridors in the region to meet the needs of heavy-duty truck drivers and operators while meeting critical equity and environmental justice priorities,” Petersen concluded. 


About The Los Angeles Cleantech Incubator 

The Los Angeles Cleantech Incubator (LACI) is creating an inclusive green economy for Greater Los Angeles and beyond through: unlocking innovation by incubating cleantech startups to scale their climate solutions, and helping support underrepresented founders in particular;  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 $335 million in revenue, and created 2,626 jobs throughout the Los Angeles region, with a long term economic impact of more than $587 million. Learn more at www.laci.org.

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NOTE: The Port of Los Angeles has released a Request for Proposals (RFP) for the development and operation of the charging facility. The RFP can be found at the Port of Los Angeles website. Proposals are due Tuesday, September 12, 2023 at 3pm Pacific.

Speaker Pelosi, Rep. Jimmy Gomez Celebrate Historic Climate & Clean Energy Provisions in the Inflation Reduction Act

Posted on August 26, 2022 by - Home Featured, LACI News, News Featured, Release, In The News, N-News, Blog, N-LACI-Events, Main

LOS ANGELES, CA – Congressman Jimmy Gomez (CA-34) and Speaker Nancy Pelosi visited the Los Angeles Cleantech Incubator (LACI) in the Arts District to highlight the Inflation Reduction Act’s impact on clean energy production and transportation electrification to fight the climate crisis.

The Inflation Reduction Act represents the single largest investment in climate action in American history. Analysis from organizations such as Energy Innovation and the Rhodium Group find that the climate provisions of the Inflation Reduction Act, including the used clean vehicle and home energy savings tax credits championed by Rep. Gomez, would put the United States on a path to meeting its climate commitments by decreasing greenhouse gas emissions by 40% by 2030.

“It’s impossible to overstate how transformative the Inflation Reduction Act is, particularly on climate action,” said Congressman Gomez (CA-34). “I am especially proud to see one of my bills that became law, the Affordable EVs for Working Families Act, encourage local organizations such as LACI to work with clean energy partners to bring our nation closer toward a greener and more prosperous future. This law would single-handedly create 9 million good-paying jobs over the next decade and put our country on track to meet our nation’s climate goals. I want to thank Speaker Pelosi for her leadership in getting this life-changing legislation across the finish line for America’s families and for the next generation.”

“It was a privilege to join Congressman Jimmy Gomez at the Los Angeles Cleantech Incubator, seeing firsthand how clean industries are powering prosperity in our communities,” Speaker Nancy Pelosi said.  “Thanks to President Biden and Democrats in Congress, the Inflation Reduction Act is turbocharging clean energy innovation here in California and across the country – putting America on a path to saving the planet while creating millions of good-paying jobs.  House Democrats are grateful for the persistent leadership of Congressman Gomez, who helped lead the charge to secure historic investments in energy efficient homes and vehicles.  Working together, we will not relent until we achieve a safer, greener, healthier future for generations to come.”

“We are grateful to Speaker Pelosi and for Congressman Gomez’ leadership in ensuring the IRA not only is the largest climate bill in history, but is a targeted investment in ensuring every American can access clean energy, retrofit their homes, and drive an EV,” said Matt Petersen, CEO of LACI. “In April 2020, LACI’s Transportation Electrification Partnership proposed a federal $150 billion stimulus to boost electric vehicle manufacturing, expand zero emission infrastructure, provide low income families access to mobility, and promote EV-related workforce development. Thanks to the President, the Speaker and bills like Rep. Gomez’ Affordable EVs for Working Families Act, it is gratifying to see so many of the proposals become law including the used EV tax credit and investing in producing critical minerals from places like Lithium Valley.”

Los Angeles Cleantech Incubator Launches First In Nation Cleantech Loan Fund To Accelerate Equitable Climate Action

Posted on June 8, 2022 by - N-News, N-LACI-Events, Main, Top Menu, Home Featured, LACI News, News Featured

New LACI Fund to Provide an Affordable Alternative to Venture Capital For Startups; By Not Requiring Personal Collateral or Credit Scores, LACI Aims to Help Underrepresented Founders in Particular Overcome Historical, Institutional Barriers to Access to Capital

The Los Angeles Cleantech Incubator (LACI) announced the launch of their nationwide LACI Cleantech Debt Fund, a first-of-its-kind green loan program to scale early stage cleantech startups and accelerate equitable climate action. 

The $6 million fund will provide loans of $25,000 to $250,000 to an estimated 100 early-stage startups over five years, providing a non-dilutive alternative to venture capital for companies that need financing to support their first customer orders or working capital to scale their businesses. LACI endeavors to help underrepresented founders–in particular female, Black, and Brown founders–overcome some of the institutional and historical barriers they face in accessing capital to grow their business. Unlike most traditional bank loans, the LACI Cleantech Debt Fund will not require founders’ personal collateral or their personal credit scores in underwriting.

LACI created the Cleantech Debt Fund in partnership with anchor investors Sobrato Philanthropies and Homecoming Capital, who are aligned in their missions to support more entrepreneurial innovation to address climate challenges. Additionally, the Wells Fargo Foundation is providing a grant to cover initial operating costs and loan loss reserves.

“To help cleantech startups move at the speed and scale needed to meet the climate crisis, we created the LACI Cleantech Debt Fund as a new tool to give early stage cleantech founders a timely, affordable alternative to expensive venture capital and slow moving bank debt,” said LACI CEO Matt Petersen. “The LACI Cleantech Debt Fund will also help reduce barriers to capital for underserved founders from historically underrepresented communities–too many founders cannot access traditional bank financing as they lack adequate personal assets, or the personal networks needed to secure early stage investment.”

“We need lots of approaches to innovation to address our current climate challenges, and we’re excited to partner with LACI to fill a capital gap that will enable more companies, from more regions and founder backgrounds, to access investment for their growing businesses.” said Victoria Fram of Sobrato Philanthropies and Pat Arnold of Homecoming Capital. “LACI along with Greentown Labs, Evergreen Climate Innovations, and New Energy Nexus are well-positioned to source a diversified pipeline of entrepreneurial solutions, and we’re glad to partner with them as co-investors.”

“To scale a company like ours and keep creating jobs, you need funding that isn’t easily acquired by minority owned businesses,” said Josh Aviv, CEO and Co-Founder of SparkCharge, a portfolio company of both LACI and Greentown Labs, which received an initial loan from the LACI pilot debt fund. “LACI’s Cleantech Debt Fund helps level the playing field, reducing the financial risks and truly enabling businesses to thrive. They are incredible partners who understand the challenges startups face.”

“We are excited to have the Wells Fargo grant play a catalytic role in attracting other sources of capital to the new LACI Cleantech Debt Fund,” said Ramsay Huntley, Climate and Innovation Strategy Lead at Wells Fargo. “So many businesses will benefit from LACI’s commitment to climate equity and their ability to identify companies ready for greater investment. This fund represents a shared belief that entrepreneurs motivated by climate action have the power to make an impact even early in their business journey.”

“The scaled-up LACI Cleantech Debt Fund is paramount to giving our founders choices across the full capital stack, with debt on the one hand via this innovative fund and equity via the LACI Impact Fund on the other,” said LACI SVP Alex Mitchell.

LACI is also partnering with a limited network of leading incubation organizations whose portfolio companies will be eligible to qualify for loans from the Cleantech Debt Fund, including Greentown Labs (Boston, MA & Houston, TX), Evergreen Climate Innovations (Chicago, IL), and New Energy Nexus (Oakland, CA & New York, NY). LACI selected Impact investment firm Mission Driven Finance of San Diego, California to assist with loan origination and servicing, as well as supporting underwriting. Mastercard’s Racial Justice Pro Bono Program–which is a part of Mastercard’s In Solidarity initiative to drive racial equity and create equal opportunities for all–consulted on the Fund model.

After LACI conducted US DOE-funded research validating the need for early stage lending for cleantech startups, the organization piloted the debt fund concept–capitalized by a Wells Fargo Foundation grant–by underwriting loans totalling more than $300,000 to nine startups. The pilot debt fund has had zero defaults and no late payments, and included loans to SparkCharge, Envoy, and others (see below for examples). LACI first shared their DOE-funded research and commitment to creating a national cleantech debt fund at the Clinton Foundation economic conference in November 2019.

The LACI Cleantech Debt Fund joins the LACI Impact Fund I and non-dilutive pilot funds as capital for which LACI incubated startups are eligible to apply. After nine quarters of investing, the $5 million LACI Impact Fund I is nearly 100% deployed and has made equity investments in 15 LACI startups. The LACI Impact Fund empowers LACI founders to grow their early-stage cleantech companies, including ChargerHelp! CEO Kameale Terry which has gone on to build a nationwide network responsible for maintaining 30,000 EV charging stations while ensuring their technicians earn a minimum of $30 per hour with a guaranteed 40-hour work week. LACI is now out to market in raising LACI Impact Fund II.

Sample LACI Pilot Cleantech Debt Fund Recipients

Initial LACI’s pilot debt fund loans to startups include:

SparkCharge:  SparkCharge received a $40,000 low-interest loan for their on-demand mobile electric vehicle charging solutions. The company leveraged the funds to help scale operations, hire 40 employees, including a graduate of LACI’s Green Jobs Workforce Training Program, and develop the Roadie Portable EV Charging System. The loan from LACI’s Debt Fund also enabled SparkCharge to raise nearly $24 million in additional capital through equity and debt funding. On March 1, 2022, after the recent launch of SparkCharge’s Currently app, Kia America and Currently announced a partnership that provides EV owners with on-demand concierge service, allowing them to charge their EVs when and where they want.

Envoy: Envoy, a provider of shared, on-demand, community-based EV’s, also leveraged the LACI Debt Fund to grow their business. LACI selected Envoy to operate a pilot community car-share program for residents of the Housing Authority of City of Los Angeles’ (HACLA) Rancho San Pedro public housing complex. The program not only delivered the benefits of electric vehicles and mobility to this historically underserved community, LACI used the pilot as a model for the EVs For All Act introduced by Congresswoman Nanette Díaz Barragán (CA-44). Barragán worked closely with LACI to develop the Act. If passed, the bill will establish a $50 million annual grant program at the U.S. Department of Energy (DOE) to support EV car sharing and charging stations, community education and outreach, and other services for public housing residents to increase access to mobility solutions in transportation deserts.

About LACI

The Los Angeles Cleantech Incubator (LACI) is creating an inclusive green economy by unlocking innovation through helping scale cleantech startups, transforming markets through catalytic partnerships like the Transportation Electrification Partnership, and enhancing communities through green workforce training and pilots. Founded as an economic development initiative by the City of Los Angeles and its Department of Water & Power (LADWP) in 2011, LACI is recognized as one of the top 10 innovative business incubators in the world by UBI. To date, LACI has supported 315 startup companies that have secured more than $695 million in funding, generated more than $308 million in revenue, and helped to create an estimated 2,480 jobs with a long-term projected economic impact of more than $555 million.

About Sobrato Philanthropies

Sobrato Philanthropies’ investment in LACI’s Cleantech Debt Fund was committed by John A. Sobrato. Sobrato Philanthropies’ mission is to partner with communities to meet immediate needs, address systemic barriers, and pursue social justice to build a more equitable and sustainable world. Guided by the business philosophy and personal values of the Sobrato family, three generations engage in grantmaking, advocacy, impact investing, and collaborative efforts to create impact locally and around the world.

About Homecoming Capital

Homecoming Capital is a climate-focused investment firm that invests in businesses that decarbonize the economy as they grow. Homecoming’s investments span North America and Europe and support businesses driving decarbonization of the energy, transportation, industrial, and agricultural sectors. For more information, please visit www.homecomingcapital.com.

Statement from Transportation Electrification Partnership on Governor Newsom’s Proposed 2022-2023 Budget

Posted on January 11, 2022 by - Main, In The News, Top Menu, N-GS15, N-LKIC, Home Featured, LACI News, News Featured, N-News, Link Out, Blog, N-LACI-Events

LOS ANGELES, CA – “On behalf of the Transportation Electrification Partnership (TEP), I applaud and thank Governor Newsom for including $6.1 billion for zero-emission vehicles and infrastructure investments in his budget proposal, with a focus on providing greater access to and benefits from the transition to zero-emission vehicles to low-income communities that are disproportionately burdened by pollution. These investments are critical to achieving TEP’s bold 2028 targets for the LA region, and statewide goals for 2035 and beyond. 

We are pleased to see proposed funding for zero-emission vehicle purchases by low-income consumers, expansion of charging infrastructure in low-income neighborhoods, zero-emission mobility community pilots, electric transit and school bus purchases, zero-emission heavy-duty trucks and infrastructure, port electrification, as well as funding for active transportation projects such as bicycle and pedestrian safety programs, among others.

As the budget process progresses, LACI and TEP look forward to working with the Newsom Administration and Legislature to support these proposed investments and to develop a pathway to increase the funding for accelerating the electrification of California’s goods movement sector. 

Thanks to Governor Newsom’s leadership, California will fund investments to purchase 1,000 zero emission trucks along with supporting infrastructure. However, in order to transition the tens of thousands of diesel trucks serving California’s ports, we encourage the Governor and Legislature to dedicate a total of $3.35 billion in the 2022 budget towards the state’s transition to zero-emission drayage trucks and charging infrastructure, including $100 million zero-emission early action pilot projects in key transportation freight corridors like the I-710 freeway.

We believe the time is now for the State of California to fully embrace its unique role in making bold “market maker” investments that will create good jobs, advance equity, and result in deep reductions in air and climate pollution. We look forward to working with the Administration and Legislature to further develop the state budget to achieve these goals.


Matt Petersen
President & CEO, Los Angeles Cleantech Incubator
Chair, Transportation Electrification Partnership

 

ABOUT TEP
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 by pursuing bold targets, pilots, initiatives, and policies that are equity-driven, create quality jobs, and grow the economy.

Current members include:
Leadership Group: Mayor Garcetti, CARB, County of Los Angeles, LADWP, LA Metro, Southern California Edison, LACI

Advisory Group: Audi of America, BMW Group, Nissan North America, PCS Energy, BYD Motors, Normal Now sponsored by Electrify America, Greenlots, Itron, Proterra, AMPLY Power, Burbank Water & Power, Clean Power Alliance, Culver City, East Bay Community Energy, Glendale Water & Power, Inglewood, International Brotherhood of Electrical Workers Local Union 11 / National Electrical Contractors Association Los Angeles County, Metrolink, Pasadena Water & Power, Santa Monica, Southern California Public Power Authority, Tesla, Waymo


ABOUT LACI
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 is recognized as one of the most innovative business incubators in the world by UBI. As of Q2, 2021, LACI has helped 281 portfolio companies raise $636 million in funding and create over 2,300 jobs in the Los Angeles region, with a projected 5-year economic impact on the Los Angeles region of more than $520 million. Learn more at laci.org

LACI CEO Comments On COP26 UN Climate Talks and Passage of the Bipartisan Infrastructure Package

Posted on November 12, 2021 by - N-LACI-Events, Home Featured, LACI News, News Featured, In The News, N-News, Blog

LACI CEO COMMENTS ON COP26 UN CLIMATE TALKS, BIPARTISAN INFRASTRUCTURE PACKAGE, AND  INFRASTRUCTURE INVESTMENT AND JOBS ACT (IIJA)

Los Angeles, November 12, 2021 – Upon return from the UN Climate Change Conference (COP26), Transportation Electrification Partnership (TEP) Chair and Los Angeles Cleantech Incubator (LACI) CEO Matt Petersen released the following statement in response to COP26 negotiations and President Biden’s  Infrastructure Investment and Jobs Act (IIJA) to be signed Monday: 

“Having just returned from COP26, it is obvious that the outcomes in the negotiating rooms have not yet matched the urgency demanded by the climate crisis. However, there have been many important outcomes at COP 26 that are worth celebrating, including: the US-China pledge yesterday to commit to hold global temperatures increase to 1.5 degrees C, a joint pledge to end deforestation by 2030 and achieve carbon-free electricity in the US by 2035; the commitment by an alliance of dozens of nations, cities and states––including Los Angeles and California––and companies to phase out internal combustion engines; the $130 trillion Global Finance Pledge; and the Global Methane Pledge led by the US and the EU.

Certainly the energy on the streets of Glasgow was full of optimism—as I joined an estimated 25,000 young and old alike marching for bold climate action, I felt a rise of hope and a sense of urgency. Inside the official climate talks I spoke at the official US Pavilion and joined the Deputy Secretary of Energy Dave Turk and NREL officials to call for a $1 billion cleantech city innovation fund while pushing for commitments to transportation electrification to improve mobility for disadvantaged communities and reducing air and climate pollution. LACI’s commitment is represented by our unique model and creation of our $50 million in climate innovation funds.

Here in the US on Monday, the President will sign the Infrastructure Investment and Jobs Act (IIJA), which provides important funding including: $2.5B for zero-emission school buses, $1.5B for zero-emissions transit buses, $2.25B for port infrastructure—key for the LA region given 40% of the nation’s goods come through our two ports making goods movement the largest single source of air pollution in our region, $6.1B for battery manufacturing, and $7.5B for public EV charging. These investments, passed by Congress, represent an important down payment in our climate future with an infrastructure package that includes a portion of the $150 billion stimulus transportation electrification proposal that LACI and our 100 plus member coalition of automakers, business organizations and cleantech incubators from 18 states originally put forward in April 2020.  

Yet we can and must do more. We have an opportunity and an obligation to accelerate our transition to zero-emission cars, trucks, and buses, today––especially for low-income communities and communities of color who are disproportionately impacted by transportation pollution. On behalf of our coalition, I urge Congress to quickly adopt the Build it Back Better Act to ensure that our nation makes the additional investments needed to reduce emissions, create green jobs, and make the U.S. the leader in the move to equitable zero-emissions mobility, goods movement solutions, and public transit.”

As LACI identified in the December 2019 “Cleantech Cities” report, cities around the globe can create a $5 trillion market and reduce greenhouse gas emissions by 35% by removing barriers to funding for startups. Based on the strategies identified in the report, LACI’s Transportation Electrification Partnership partnered with the City of Santa Monica to invite corporate and startup innovations to work together to create the US’ first Zero Emissions Delivery Zone pilot in Santa Monica. During COP26, Petersen called for a $1 billion cleantech cities pilot fund to support similar initiatives across the globe, alongside Actor Brian Cox, Phoenix Mayor Kate Gallego, Caroline Choi of Southern California Edison, Spencer Reeder of Audi, and former California Air Resources Board Chair Mary Nichols. LACI’s announcement on the call to action can be found here.

LA Cleantech Incubator (LACI) calls for $1B global cleantech city pilot fund & announces LACI’s $50M US climate innovation funds to accelerate equitable climate action at COP26

Posted on November 3, 2021 by - N-News, Blog, N-LACI-Events, Main, Home Featured, LACI News, News Featured, Release

Helping Cities Invite Innovation Through Global Pilot Fund & Creating Regional Collaboration Such as the Transportation Electrification Partnership Can Help Unlock $5T & Slash GHG Emissions by 35%; LACI Funds Include First in U.S. National Cleantech Debt Fund to Improve Access to Capital Particularly for Underrepresented BIPOC and Female Founders

During a panel session on Accelerating Equitable Climate Innovation and Action today, Brian Cox joined host and LACI CEO & President Matt Petersen, Phoenix, AZ Mayor Kate Gallego, Edison International SVP Caroline Choi, Audi of America Director of Government Affairs & Sustainability Spencer Reeder, and former California Air Resources Board Chair Mary Nichols to call for a $1 billion Global Cleantech Cities Climate Fund and announce LACI’s $50 million cleantech innovation funds–including the nation’s first ever cleantech startup debt fund–to accelerate equitable cleantech innovation in cities.

As identified in the December 2019 “Cleantech Cities” report released by LACI, PwC, and C40 at COP25 in Madrid, if cities can better invite innovation and remove barriers to funding for startups there could be a $5 trillion market created and and an increase in reduction of GHGs by 35% can be realized. Based on the strategies identified in the report, LACI’s Transportation Electrification Partnership partnered with the City of Santa Monica to invite corporate and startup innovations to work together to create the US’ first Zero Emissions Delivery Zone pilot in Santa Monica.

In issuing the call to create a $1B Global Cleantech City Pilot Fund and urging the modeling of regional public private collaborations such as the Transportation Electrification Partnership, Petersen discussed how cities & regions across the globe can: 

  1. Invite innovation from startups and corporates to reduce greenhouse gas emissions, improve services, and improve equity for underserved, disadvantaged communities who are overburdened with air pollution and climate impacts; 
  2. Co-fund pilot innovation (using budget and in-kind resources from cities and local governments) with Pilot Fund sources secured from federal governments, finance agencies, philanthropic sources, and possibly corporate dollars; and
  3. Scale successful solutions through needed policy and business model interventions

Please contact Regan Keller at laci@antennagroup.com to schedule an interview with Petersen.

Apply for LACI Startup Incubation Program Cohort 4

Posted on November 3, 2021 by - News Featured, N-News, Blog, N-LACI-Events, Main, Home Featured, LACI News

Apply Now for LACI Startup Incubation Program Cohort 4

Are you a cleantech startup striving to create solutions in energy, transportation, or smart cities that would benefit from hands-on support through market access, business services, and introductions to funders?

LACI has welcomed 35 startups into our ecosystem through our last three cohorts. Cohort 1 and cohort 2 founders have raised over $62 million in equity, including investment from LACI’s Impact Fund, and have deployed more than 10 pilots with eleven more on the way. Cohort 3 is just getting started! LACI is eager to welcome even more startups to the community and is now taking applications for Cohort 4 until January 3rd.

How does LACI identify leading technologies and startup innovation?
Based on the market activity in 2020/2021, LACI is looking for startups solving problems in Clean Energy, Zero Emissions Mobility, and Sustainable Cities. 

LACI is committed to advancing the transition of a zero-carbon, secure, and reliable grid to increase regional air quality, create more local jobs, and reduce emissions. The past year revealed community-wide vulnerabilities that have created opportunities in cybersecurity and wildfire resilience, flexible load technologies in collaboration with utilities, and integration of vehicle-to-grid and vehicle-to-building technologies to shorten the time when EVs use the grid. 

To build an inclusive green economy, LACI is also looking to support startup-led innovation focused on zero emissions mobility of people and goods. LACI’s Transportation Electrification Partnership (TEP) for example, works together with policymakers, corporate partners, and other private-public collaboration to help achieve the following goals in Los Angeles by the 2028 Olympic and Paralympic Games: 

  • Accelerate the adoption of electric light duty vehicles to be 30% of all vehicles on the road and 80% of those sold
  • Shift at least 20% of all single passenger vehicle trips to zero emissions public and active transportation
  • Ensure that 100% of all public investments in goods movement will advance zero emissions solutions

Using this roadmap, LACI wants to work with companies that can help utilize innovative technologies and solutions to make the movement of people and goods connected, shared, and electric. Some examples of these solutions include: Real-time data reliability and multi-modality, low-cost, high visibility mobility hubs for first/last mile mobility, zero emissions last mile urban goods delivery, and more.

LA’s New Green Deal of zero waste to landfill by 2050 is another example of the regional initiatives LACI supports through our startup leadership in our Sustainable Cities Program. Some solutions we’re focused on include digital tools and new business models to create equitable and circular value chains, next generation products and materials to reduce waste, zero waste goals and waste diversion. 

Apply now, scale later
LACI’s Incubation Program startups pave the way for climate innovation in Southern California. Companies like ChargerHelp! are training the next generation of tech engineers through LACI’s Workforce Development Program to move the needle forward on EV adoption, gaining interest from investors to close an oversubscribed seed round. 

We’re only 4 weeks in and Cohort 3 startups are forging relationships with their fellow cohort members, setting roadmaps with their Executive Coaches, and gaining insights on their roadmaps and milestones! 

Beyond the investment team, LACI’s Incubation Program Cohort model provides a community with hands-on curriculum, impact driven resources, industry connections and partnership pipeline, as well as direct feedback from individual Executive in Residence coaches and expert mentors. 

For Cohort 4, we’re looking for startups in our main technology priorities that are dedicated to making a positive impact on Southern California environmentally, socially, and economically. 

Founders who have built a novel technology that has deployed or is ready to be deployed in pilots should apply. Teams should include two or more members dedicated to incorporating diversity and inclusion through impact and creation of new jobs in the region.

Apply now and join LACI to scale faster and increase your impact in your community. If you’re unsure about your eligibility or have questions, please don’t hesitate to reach out to our Pipeline Team at pipeline@alaincubator.org.

Addressing Cleantech Gaps & Opportunities in Los Angeles

Posted on June 9, 2021 by - Main, Home Featured, LACI News, News Featured, N-News, Blog, N-LACI-Events

Last month, LACI shared findings and insights from its Cleantech Gaps & Opportunities Report with 37 investor partners interested in learning about LACI’s technology priorities and its portfolio companies with clean technology solutions. The Gaps & Opportunities Report builds off of LACI’s Market Landscape Report by further examining barriers associated with its technology priorities and identifying strategic opportunities to transform markets and support the commercialization of clean technologies.

The nature and landscape of cleantech and early-stage startup companies is constantly evolving. As new investment strategies are implemented, market needs change and new environmental challenges emerge, industry leaders in the energy innovation ecosystem often rely on market reports and insights from the world’s leading analyst companies. These insights paint a broad illustration of the global or national market; however, they do not always provide in-depth detail about early stage cleantech investment opportunities at the local level.

 To address the need for insights at the local level and to better assess how to accelerate early stage cleantech companies and transform markets to catalyze commercial adoption, LACI started producing its own market research reports in 2019. These reports leverage market insights related to its recruitment efforts for early stage cleantech companies. 

During this year’s briefing, LACI held three simultaneous briefing sessions on energy, transportation, and the circular economy industry solutions allowing investors to attend sessions based on their investment vertical interest. In those sessions, LACI’s Market Transformation Directors presented on the industry specific key findings from each report, the emerging technology opportunity areas, and barriers for market adoption. 

Energy
As California prepares for summer and its fire season, energy resilience and the health of the grid’s infrastructure is on everyone’s minds. To prevent the blackouts and grid strain witnessed in 2020, State energy regulators have acquired approximately an additional 3,500 megawatts of capacity. As a part of LACI’s work to support the state’s energy goals in the transition to a reliable, zero-carbon grid, LACI continues to prioritize startup companies that provide technological solutions to manage load flexibility and provide diverse battery storage systems.Companies like ElectricFish (Incubation Cohort 2) are working to integrate distributed energy resources (DERs) with EV chargers to provide clean, robust sources of power to communities. Their technology helps further validate vehicle grid integration technology as well as support opportunities to leverage similar technologies for seamless demand response dispatch with an offering that reduces grid connection costs and peak power requirements at charging sites.

Building decarbonization will play a critical role in helping the city of Los Angeles meet its 100% zero-carbon grid by 2035 and Clean and Healthy Buildings Targets: 100% of buildings becoming net zero carbon by 2050 and reducing building energy use by 44% per sq ft. by 2050. In support of this effort, LACI is working to identify companies with technology solutions that can catalyze necessary building upgrades and retrofits to achieve the net zero carbon goals. 

Transportation
With California and the Biden administration making significant commitments to zero emissions transportation in line with the bold targets the LACI-convened Transportation Electrification Partnership’s (TEP) has set for the Los Angeles region, LACI highlighted a number of relevant opportunity areas, including charging infrastructure for multi-unit dwellings and infrastructure for heavy-duty battery-electric trucks.

One LACI startup, SparkCharge (Incubation Cohort 1), is advancing the adoption of electric vehicles in Southern California with its innovative EV charging technology. SparkCharge is a scalable EV charging solution that ends range anxiety by providing charging infrastructure solutions at a fraction of the cost and rapid deployment to consumers. Its Roadie is the world’s first and only ultrafast, portable EV charging system helping EV owners charge up wherever they need. SparkCharge is helping to provide temporary solutions to multi-unit dwellers in urban areas without onsite charging capabilities.

 

LACI startup and TEP partner, AMPLY Power is addressing electric heavy-dutytruck and bus infrastructure by managing charging services for electric vehicle fleets, optimizing time-of-use and demand-charge pricing. AMPLY technology supports opportunities for improving microgrid management for electric fleet charging and better assisting fleet managers in balancing local power demands.Additionally, LACI has conducted site assessments of nearly a dozen properties along the heavily trafficked I-710 corridor to identify prime investment opportunities for charging infrastructure to support heavy-duty battery-electric drayage trucks serving the Ports of Los Angeles and Long Beach.

 

Sustainable Cities
The global textile industry misses out on $500B per year due to underutilized materials, poor recycling practice and nonexistent circular infrastructure generating tons of post industrial pre-consumer textile waste. To reduce its waste generation, the city of Los Angeles has set ambitious goals to send zero waste to landfill by 2050. LACI’s Sustainable Cities work, with a focus on circular economy, supports this regional initiative by recruiting diverse startups with technologies that advance material diversion and  generate new materials or products using circular practice. LACI Startup The Hurd Co. (Innovators Cohort 5) works to reduce agricultural waste by turning it into fabric. The technology integrates into existing manufacturing supply chains and provides proof of concept for the scalability of circular and next generation materials in traditional markets.

Insights like these and many more found in the reports inform LACI’s partners of the local cleantech market landscape, the barriers and solutions needed to transition to a clean energy future and highlight LACI’s recruitment priorities. 

 

Incubation Cohort 3 & Innovators Cohort 6 Recruitment
LACI is currently seeking startup companies with clean technology solutions for both its Innovators and Incubation Programs. Technology priorities for both programs include Zero Emissions Mobility, Clean Energy, and Sustainable Cities/Circular Economy. We are also actively recruiting for mobility companies in our late stage (Series A and beyond) pilots-focused program. For more information about LACI Incubation Services and which program you should apply for contact pipeline@laci.org. Incubation applications close June 28th, Market Access applications close June 30th, and Innovators Applications close July 6th, so apply today!

To learn more about how you can partner with LACI contact development@laci.org.

 

LACI Market Access Cohort 3 Recruitment is Live

Posted on June 7, 2021 by - N-News, Blog, N-LACI-Events, Main, Home Featured, LACI News, News Featured

Over the past nine years LACI has worked with hundreds of startup companies to help them raise outside funding and gain traction in the market – empowering startups to increase their social, economic and environmental impact in their community. 

One year ago, we launched our Market Access program – a holistic, pilots-focused program for later-stage startups deploying leading cleantech solutions in Southern California. Today, we are excited to open recruitment for our Market Access Cohort 3, launching autumn 2021.

Our Market Access program includes Envoy, Urb-E, Circuit, Automotus and Zoomo, who are partnering with us in deployments covering EV car share for low-income communities in San Pedro and Pacoima, neighborhood EV shuttles in Leimert Park, and helping us launch the nation’s first zero emissions delivery zone in Santa Monica.

To date, Market Access companies have raised an average of $16M across investors such as Maniv Mobility, Baron Davis, UBS, Building Ventures, Denso, Contrarian Ventures, and more for their Series A and B raises. 

LACI’s pilots have a proven track record in creating transformative outcomes, demonstrating (for example) the importance of curb management in shifting mobility patterns or the potential for mobility-as-an-amenity to drive community adoption of EVs. Results of LACI pilots reach far beyond the Los Angeles region, as national and global organizations look to LACI for scalable cleantech solutions. 

Cohort 3 represents a unique opportunity for a funded deployment in partnership with LACI alongside pilot partners including LA DOT and LA Metro, in collaboration with underserved, overburdened communities in the Los Angeles area in 2021 and 2022.  In particular, we are aiming to deploy leading edge micro-mobility solutions (two-, three- and four-wheeled zero emissions vehicles and solutions) across the following categories: 

  • Micromobility – small, lightweight vehicles operating at speeds typically below 25 km/h and driven by users personally, including providers of e-bike adaptive micromobility, adaptive scooters, three- and four-wheeled devices for adaptive mobility, and more.
  • e-bikes – providers of e-bike fleets and can include one, some or all of the following: commuter, cargo, youth, adaptive micromobility or transportation solutions for all people, especially those with disabilities, and more. 
  • e-bike rental operations & maintenance – operators of e-bike hubs and libraries to provide management and maintenance of bike fleets; e-bike maintenance trainers also sought.
  • e-bike infrastructure – solutions that provide supportive infrastructure for e-bikes; features sought include storage, security, charging capacity (on or off-grid), marketing, education, etc. Solutions can provide all, one or some of these options. 

For more details, please reach out to Molly Crete (molly@laci.org) and attend the information session on June 16, 10:00-11:00am. RSVP here. 

Apply here. Applications for Market Access Cohort 3 are due June 30, 2021.