Yiou think tank believes that there are five paths to achieve carbon neutrality: source reduction, energy substitution, recycling, energy saving and efficiency improvement, and negative carbon technology.
At present, energy substitution and energy saving and efficiency improvement are the most important ways to achieve carbon neutrality, and primary market projects are also the most concentrated. In contrast, recycling and negative carbon technologies are still in their infancy, and there are few projects. But at present, in the primary market, the source reduction is not obvious.
It should be noted that the choice of "target" of carbon-neutral enterprises in this paper is limited to enterprises that only provide carbon-neutral technologies or services. (Special note: new energy vehicles are integrated products and are not counted)
Under the background of 202 1 "the first year of carbon neutrality", the investment in the primary market is booming. Based on the investment amount, the frequency of investment projects, the time to lay out the carbon-neutral track, supplemented by the valuation, technical or service quality, coverage and reputation of the invested company, Yiou think tank finally selected the carbon-neutral primary market 10 representative investment institutions.
Chen Da Caizhi
Chen Da Caizhi is a venture capital institution focusing on information technology, intelligent manufacturing, energy conservation and environmental protection, medical and health care, large consumption and corporate services, cultural media, military industry and other fields. As early as 20 1 1, the organization invested 2 1 10,000 RMB in the A round for solar wet process equipment in Jiechi Technology. ..
Since 2020, Chen Da Caizhi has invested in 1 1 companies, with a total of 19 carbon neutral related investments, but most of them were made before the "3060 Plan" was put forward. Its carbon-neutral industry was laid out earlier, and most of them focused on early investment.
Detong capital
Detong Capital is an institution with rich experience in local and cross-border investment and mergers and acquisitions. The carbon-neutral investment of Detong Capital also started very early, and 20 1 1 participated in the A round investment of Jiechi Technology. Since then, * * * has invested in 9 companies, participated in 15 investment events, and made the first round of carbon-neutral investment, with a large investment scale, most of which exceeded 1 100 million yuan. The organization focuses on investing in carbon-neutral enterprises in the fields of energy substitution, energy conservation and efficiency improvement.
Dongfang fuhai
Founded in 2006, Oriental Fuhai is committed to investing in target companies with growth and listing potential. The earliest investment of this institution in the field of carbon neutrality was in 20 15, and Angel Wheel invested in the biomass new energy technology enterprise "Geng Neng New Materials". Carbon-neutral investment event 12, with 7 investment companies. Before 20 15, institutional investment rounds lagged behind, but from 20 17, institutional investment tended to be late-stage investment or strategic investment, and the amount of single investment gradually increased.
Ling Gao
Gao Xian released "Carbon Neutralization Proposal" in February 20021year, urging hundreds of invested enterprises to make low-carbon transformation plans. In March, Gao Xian released the first research report on carbon neutrality in investment industry, combing the opportunities to achieve "carbon neutrality" in eight key areas, such as electricity, transportation, industry, new materials, construction, agriculture, negative carbon emissions, information communication and digitalization.
In the view of Li Liang, a partner of Gaoling, those innovative companies in carbon-neutral enterprises that are in the early stage of technology germination need PE/VC financial support very much.
Gao Ling is involved in a rich and comprehensive field of carbon neutrality. There are not only consulting service providers focusing on carbon emission management, but also "extreme flight technology" that can assist agricultural production and emission reduction and "blue crystal biotechnology" of biodegradable material PHA Company.
Sequoia Capital China
Sequoia Capital China's investment in carbon neutrality focuses more on the field of energy substitution. As early as 20 12, it invested in the photovoltaic system supplier "Guruiwatt" in the A round. From 20 1 1 to 202 1, Sequoia Capital China invested in energy substitution as many as 1 1 times, both before and after the investment, and the single investment amount exceeded 10 million. In the fields of energy conservation and efficiency improvement and resource recovery, the investment institution has also carried out four investment activities.
In addition to specific investment events, in March of 20021year, Sequoia China and Yuan Jing Science and Technology Group * * * jointly established a carbon-neutral technology fund with a scale of 654.38+0 billion yuan. In April, Sequoia China also released a report on carbon neutrality, discussing how investment institutions can help explore carbon neutrality technologies and applications.
Matrix partner China
Jingwei China is a joint venture company established in China by Jingwei Venture Capital, a world-renowned venture capital institution, with different investment fields and different stages. The first carbon-neutral investment of this investment institution was in the A round of 20 1 1 to invest in the power optimization and energy-saving company "Sande Puhua". Since then, there have been corresponding investment events in 20 15, 20 17 and 202 1, mainly energy substitution and energy saving and efficiency improvement.
Green Capital-China-US Green Fund
Lv Dong Capital is the first private equity fund in China to institutionalize ESG policy and quantitatively evaluate the green influence of investment behavior. The first investment of this investment institution after its establishment is "Oriental Low Carbon", an energy-saving and emission-reduction service enterprise with a strategic investment of 20 16.
The investment rounds of Lv Dong Capital are evenly distributed, covering both early and late investments, with each investment exceeding 6,543.8+billion yuan and a large investment scale. The investment direction is mostly the direction of resource recycling, such as "the use of boxes" in green recycling packaging enterprises and "the environment without customers" in urban solid waste treatment enterprises.
Dr. Bai Bo, Chairman and CEO of Lv Dong Capital, mentioned in an interview in June 20021that carbon neutrality will change the original development path of many industries and bring trillions of investment opportunities. The realization of carbon neutrality can not only help enterprises reduce costs and increase efficiency, but also help enterprises meet the requirements of regulatory agencies earlier and better integrate with the international market.
Shenchuangtou
Shenzhen Venture Capital is funded by Shenzhen Municipal Government and guided by social capital. There are as many carbon-neutral investment events in this institution as 10, and seven companies have invested. Shenzhen Venture Capital invested in the new energy operator "Fengdian Energy" on 20 1 1, and then gradually expanded the carbon-neutral investment field. There are corresponding investment events in energy substitution, energy conservation and efficiency improvement, and the investment rounds are in the front, and the investment scale is large, and the single investment amount mostly exceeds 654.38+0 billion yuan.
Tongchuang Ye Wei
Tongchuang Ye Wei is an investment institution focusing on emerging industries with industrial chain investment as the breakthrough point. The investment layout of this investment institution is also relatively early. 20 1 1, Angel Wheel invested in Jaland New Energy Company. As of the first half of 20021,the agency had 26 carbon-neutral investment activities.
Zhang Yiwei, a partner of Tongchuang Ye Wei, suggested in an interview as early as 20 15 that environmental protection-related business accounts for 20% to 25% of the whole Tongchuang Ye Wei, which will be an opportunity for economic transformation and upgrading.
Inno angel fund
Innolux Angel Fund 20 16 began to lay out carbon-neutral investments. At the end of 20 16, Angel Wheel invested in Pioneer Technology, a developer of new energy vehicle power system. Since then, 1 1 carbon neutral investment has been made in succession, with a total of 6 companies investing. Investment rounds are early, and most of the early investment amounts are not high.
202 1 will be a year of explosive growth of carbon neutral trajectory. The above-mentioned 10 investment institutions will play a good role in promoting the development of the whole carbon-neutral market with their forward-looking strategic layout and strong support for the carbon-neutral industry.