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Venture Capital
braemarenergy.com

Investments

137

Portfolio Exits

19

Funds

5

Partners & Customers

1

Service Providers

2

About Braemar Energy Ventures

Braemar Energy Ventures was formed in 2002 to create a venture capital firm with expertise in emerging energy technologies. Focused exclusively on technology and communications opportunities in the energy sector, Braemar Energy Ventures has both the industry and operating knowledge to select promising young companies, bring them into the larger energy world and guide them to reach their full potential.

Headquarters Location

350 Madison Avenue 23rd Floor

New York, New York, 10017,

United States

212-697-0900

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Latest Braemar Energy Ventures News

Braemar Energy Ventures Releases 2023 Impact Report, Highlighting the Impact and ESG Initiatives of its Portfolio Companies and Their Contributions to a Sustainable Energy Future

May 2, 2023

New York, New York, UNITED STATES NEW YORK, May 02, 2023 (GLOBE NEWSWIRE) -- Braemar Energy Ventures (Braemar), a leading venture capital firm focused on transformative climate tech companies pioneering the energy transition, has announced the release of its annual Impact Report for 2023. This report highlights the impact and environmental, social, and governance (ESG) initiatives of Braemar’s portfolio companies and their contribution to advancing a sustainable energy future. Braemar is dedicated to investing in companies that deliver impact through their sustainable products and services while actively supporting ESG. “ESG is not a trend; it’s the foundation of a business and a true reflection of its commitment to creating a sustainable future,” said Braemar ESG Lead Lori Collins. “I’m proud of our progress as we continue to enhance our ESG programs across portfolio companies.” “Through our annual Impact Reports we show that improving the environment, delivering equitable access, and building profitable businesses can be accomplished in tandem, creating prosperity for Braemar and its portfolio companies, as well as employees and other stakeholders,” Collins added. This report features six case studies drawn from a selection of Braemar’s portfolio companies that showcase ESG in action: Carbon capture transformed into profitable commercial products without the need for a price on carbon Driving the electrification of mobility with a network of charging stations to increase confidence in owning and driving an electric vehicle Transforming landfill waste comprised of unrecyclable, non-compostable items into sustainable fuels and chemicals at full commercial scale – leading the “circular economy” Bringing fusion energy to commercial markets is expected to provide a new source of zero-carbon energy to the grid in the 2030s A pioneer in sustainable financing, delivering equitable financial access to renewable energy projects and energy efficiency measures Accessible energy savings through a next-generation smart-grid platform that significantly enhances the cost-effective adoption of distributed energy resources, especially solar and electric vehicles “The global energy transition is driven by the urgency to reduce carbon emissions and reconstruct a clean energy economy. We believe this transition is impossible without new, innovative technologies and business models,” said Braemar Managing Partner William Lese. “Our portfolio companies are at the forefront of the energy transition, and we believe that their innovations will play a critical role in creating a more sustainable future for all." To learn more about Braemar’s ESG initiatives and view the 2022 and 2023 Impact Reports, please visit: http://www.braemarenergy.com/impact/ About Braemar Energy Ventures Founded in 2003, Braemar Energy Ventures is a leading venture capital firm focused on investing in transformative energy-tech and related companies contributing to global sustainability and combating climate change. Using sector expertise and experience, Braemar aims to be an engaged partner with its portfolio companies to best help them navigate the path to creating significant global impact. For more information, visit www.braemarenergy.com . Media Contact:

Braemar Energy Ventures Investments

137 Investments

Braemar Energy Ventures has made 137 investments. Their latest investment was in Metalenz as part of their Series B on October 10, 2022.

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Braemar Energy Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

10/5/2022

Series B

Metalenz

$30M

No

15

2/8/2022

Unattributed VC

Utilidata

$26.75M

No

6

3/11/2021

Series B

LO3 Energy

$11M

No

2

2/4/2021

Series A

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$99M

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10

10/7/2020

Series D

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$99M

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10

Date

10/5/2022

2/8/2022

3/11/2021

2/4/2021

10/7/2020

Round

Series B

Unattributed VC

Series B

Series A

Series D

Company

Metalenz

Utilidata

LO3 Energy

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Amount

$30M

$26.75M

$11M

$99M

$99M

New?

No

No

No

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Co-Investors

Sources

15

6

2

10

10

Braemar Energy Ventures Portfolio Exits

19 Portfolio Exits

Braemar Energy Ventures has 19 portfolio exits. Their latest portfolio exit was Getaround on December 09, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

12/9/2022

Reverse Merger

$99M

8

8/31/2022

Management Buyout

$99M

Management Buyout (MBO), and Graycliff Partners

2

8/10/2021

Acquired

$99M

2

2/26/2021

Reverse Merger

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$99M

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10

9/1/2019

Acquired

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$99M

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10

Date

12/9/2022

8/31/2022

8/10/2021

2/26/2021

9/1/2019

Exit

Reverse Merger

Management Buyout

Acquired

Reverse Merger

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

Management Buyout (MBO), and Graycliff Partners

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Sources

8

2

2

10

10

Braemar Energy Ventures Fund History

5 Fund Histories

Braemar Energy Ventures has 5 funds, including Braemar Energy Ventures III.

Closing Date

Fund

Fund Type

Status

Amount

Sources

6/27/2012

Braemar Energy Ventures III

Multi-Stage Venture Capital

Closed

$300M

2

10/2/2007

Braemar Energy Ventures II

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$99M

10

12/31/2003

Braemar Energy Ventures

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0

Braemar Energy Executive Fund II

$99M

10

Braemar Energy Executive Fund III

10

Closing Date

6/27/2012

10/2/2007

12/31/2003

Fund

Braemar Energy Ventures III

Braemar Energy Ventures II

Braemar Energy Ventures

Braemar Energy Executive Fund II

Braemar Energy Executive Fund III

Fund Type

Multi-Stage Venture Capital

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Status

Closed

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Amount

$300M

$99M

$99M

Sources

2

10

0

10

10

Braemar Energy Ventures Partners & Customers

1 Partners and customers

Braemar Energy Ventures has 1 strategic partners and customers. Braemar Energy Ventures recently partnered with MC10 on June 6, 2011.

Date

Type

Business Partner

Country

News Snippet

Sources

6/28/2011

Partner

United States

June 28, 2011 08:30 AM Eastern Daylight Time. The Conformal Electronics Company, MC10, Raises $12.5M in Series B Financing, Led by Braemar Energy Ventures

n `` We see an enormous opportunity in platform companies like MC10 that can have an impact across multiple industries , '' says Jiong Ma , Ph.D. , Partner , Braemar Energy Ventures .

3

Date

6/28/2011

Type

Partner

Business Partner

Country

United States

News Snippet

June 28, 2011 08:30 AM Eastern Daylight Time. The Conformal Electronics Company, MC10, Raises $12.5M in Series B Financing, Led by Braemar Energy Ventures

n `` We see an enormous opportunity in platform companies like MC10 that can have an impact across multiple industries , '' says Jiong Ma , Ph.D. , Partner , Braemar Energy Ventures .

Sources

3

Braemar Energy Ventures Service Providers

2 Service Providers

Braemar Energy Ventures has 2 service provider relationships

Service Provider

Associated Rounds

Provider Type

Service Type

Counsel

General Counsel

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Service Provider

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Associated Rounds

Provider Type

Counsel

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Service Type

General Counsel

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Partnership data by VentureSource

Braemar Energy Ventures Team

6 Team Members

Braemar Energy Ventures has 6 team members, including current Founder, Managing Partner, William D. Lese.

Name

Work History

Title

Status

William D. Lese

Founder, Managing Partner

Current

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Name

William D. Lese

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Work History

Title

Founder, Managing Partner

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Status

Current

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