Gigascaling

This brick is for companies that are building CAPEX-intensive, large-scale plants for established green production. Think green steel, batteries, and synthetic fuels.

Critical Unlocks

1

Develop and execute on clear roadmap to cost competitiveness, including proven green

2

This is an execution game – build FOAK plant and scale rapidly

3

Ensure committed take-or-pay offtakes to unlock non-dilutive capital and equity

Commercial
Product &
Offering
Technology
Value Chain
Execution
Relative level of challenge for founders
Low
High

Example Companies

how to read the brick

1

Brick

​One out of seven bricks, each with unique milestones

2

Critical Unlocks

Three most important aspects throughout the scaling journey for climate tech companies to secure financing and support scale

3

Funding Rounds

Milestones reached before securing financing in each funding round, e.g., milestones in column “Series A” typically reached before securing financing in Series A round

4

Capital Stacks

Typical distribution of capital (equity, debt, grants, and project financing) raised in each funding round

5

Dimensions

Dimensions which different milestones are mapped to, covering the most important themes for fundraising and scaling

6

Milestones

Typical milestones to have in place ahead of each funding round to secure financing and support scale

What are the key takeaways to consider?

For Founders

Develop and execute a clear roadmap to achieve cost competitiveness compared to peers

Prioritize execution: build a FOAK plant and scale rapidly

Ensure take-or-pay commitment off-takes to unlock non-dilutive financing

For investors

Prioritize investments based on large-scale off-takes and proven CAPEX optimization to ensure high upfront investment repayment

Support founders by introducing them to potential large-scale customers, helping them identify reliable supply chain partners, or assisting in obtaining site approvals

Set and track milestones for portfolio companies

For The Wider Ecosystem

Pre-approve regulatory land requirements for sites to facilitate rapid scaling

How many companies did we analyze for this data?

Seed
17
Series A
27
Series B
10
Series C
18
Series D+
8
Total
80

We reviewed more than 4.000 companies to ensure the bricks reflect successful scaling journeys

Discover our process

Relevant Stories

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