Climate tech startups raised $8.1 billion in the first quarter, near record amounts of money that suggest 2023’s quite close might have been little more than a blip than the sign of a protracted downturn. Investors focused on materials, including green steel and battery materials and minerals. Noteworthy deals include Swedish startup H2 Green Steel raising $4.5 billion and battery recycler Ascend Elements adding $162 million to its Series D.
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