Zanskar Geothermal Raises $30M to Accelerate Technology and Power Projects

Zanskar Geothermal & Minerals' $30M Funding Round

Key Highlights:

• Funding Round: Zanskar Geothermal & Minerals, a geothermal exploration company, closed a $30 million funding round.
• Investors: Obvious Ventures led the round, with participation from Munich Re Ventures, Union Square Ventures, Lowercarbon Capital, Safar Partners, First Star Ventures, and Clearvision Ventures.
• Technology Development: Funds will be used to accelerate technology development and advance the company's portfolio of greenfield power projects.

Zanskar Geothermal & Minerals' Target Market

• Geothermal Energy Industry: Focus on the geothermal energy sector, specifically in the discovery and development of geothermal resources for power generation.
• Renewable Energy Companies: Partnerships with renewable energy companies interested in expanding their portfolio with geothermal power projects.
• Government Agencies: Collaboration with government agencies, such as the United States Department of Defense's Defense Innovation Unit, to explore new geothermal resources and promote energy resilience.

What Zanskar Geothermal & Minerals Needs to Buy

• Technology and AI Solutions: Collaborations with technology companies and AI experts to enhance geothermal discovery and development processes.
• Field Data Collection Tools: Investments in field data collection tools and equipment to gather accurate and comprehensive geothermal data.
• Talent Acquisition: Hiring high-impact roles to support technology development, project management, and geothermal exploration.

Sorted raises £1.65M in Seed Funding for Recycling Tech

Summary: Sorted, a recycling tech startup based in the UK, recently secured £1.65M in seed funding to revolutionize waste management and recycling. Their AI-powered sorting solutions aim to improve the efficiency of recycling processes and contribute to a more sustainable future.

Funding Amount: £1.65 million

Industry: Software Development

Employee Count: 51-200

CEO: Carmen Carey (CEO Linkedin)

What Sorted needs to buy: Sorted is seeking partnerships with waste management companies, recycling industry leaders, and environmental organizations. Companies specializing in AI technology, sustainability solutions, and waste management systems are ideal partners to support Sorted's expansion plans and drive innovation in the recycling industry.