WHY CLEAN TECH NEEDS SPACS FOR FUNDING

In the reality of significant climate change and advancing demand for energy, contemporary clean technologies have earned unmatched popularity. Such are the nuclear power options and energy storage technologies. Despite the innovations having an unmatched potential, there is a need for significant developments, which require ample capital to actualize.

Preliminary funding stages for Clean Tech have not been captious, a factor that has led to delayed growth of related companies. Clean Tech organizations suffer from the deficiency of starting power. Industries that offer services like mobile apps have registered an accelerated growth, unlike the Clean Tech field, which features voluminous capital and costly infrastructure.

Why clean Tech has suffered Financing Deficiency

Even though Clean Tech’s primary objectives have been to improve lives, the field has a significant lack of capital. The fact that the technology is not within the traditional setup in terms of startup capital has been a chief contributor to that reality.

There has been a looming inadequacy of funding in the preliminary stages of building clean technology companies. That, in return, has hindered the evolution of new businesses. With proper funding, clean Tech companies can rise above such challenges.

The impact of SPACs Funding on Clean Tech Industry

A venture funding setup is critical, as it helps alleviate the obstacles to new ideas. It can help companies hasten their developments, which is a perfect way to improving their market relevance.

As the shortage of energy continues to be a chief concern, the need for funding keeps lingering. The issues demand a quick solution to help the tech companies bring their ideas to life. SPACs have been at the forefront to boost the progress of numerous projects, according to new researches.

Going by recent statistics, SPAC is the ideal option for Clean Tech ventures. For instance, SPAC has recently invested over $4 billion to benefit Clean Tech organizations. Targeted companies included Lordstown Motors, Xl Fleet, Fisker, Hyliion, and QuantumScape.

There is a constant need for CleanTech companies to objectify their strategies. That way, the urgency to get funding from SPACs has grown significantly. Clean technology can become one of the best performing sectors, with SPACs funding their ventures.

With numerous companies registering remarkable growth, the Clean Tech field also needs the same glory. That is achievable by making SPACs funding to become a reality.

originally posted on chartwestcott.net

Chart Westcott is Co-Founder and COO at Ikarian Capital, LLC a long/short equity biotech focused investment adviser. Read more at http://chartwestcott.net.

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