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Venture Capital
enertechcapital.com

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Investments

139

Portfolio Exits

30

Funds

8

Partners & Customers

7

About EnerTech Capital

EnerTech Capital is investing in early, mid and growth stage companies in the Energy, Power, Cleantech, Utility and Industrial sectors.

EnerTech Capital Headquarter Location

Building D Suite 105 625 W. Ridge Pike

Conshohocken, Pennsylvania, 19428,

United States

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Latest EnerTech Capital News

EnerTech Capital and Invest Alberta Corporation Sign International MOU With the California Mobility Center

Apr 27, 2022

This partnership seeks to identify innovative opportunities in Canada’s mobility sector Download L-R: Subid Wagley, Director, Business Operations, California Mobility Center, Wally Hunter, Managing Director, EnerTech Capital and Rick Christiaanse, CEO, Invest Alberta - sign MOU in Alberta, Canada, April 26, 2022 (Photo: Business Wire) L-R: Subid Wagley, Director, Business Operations, California Mobility Center, Wally Hunter, Managing Director, EnerTech Capital and Rick Christiaanse, CEO, Invest Alberta - sign MOU in Alberta, Canada, April 26, 2022 (Photo: Business Wire) April 27, 2022 11:00 AM Eastern Daylight Time SACRAMENTO, Calif.--( BUSINESS WIRE )--The California Mobility Center (CMC) has signed a Memorandum of Understanding (MOU) with Invest Alberta , an international investment attraction crown corporation, (IAC) and EnerTech Capital (EnerTech). The alliance sets the stage for continental collaboration on regulatory policy and investment strategies designed to advance the future mobility industry sector. EnerTech, a Founding Partner of the CMC, is a venture capital firm with headquarters in Toronto, ON and Philadelphia, PA. Through their Global Strategic Mobility Fund (GSMF), they actively invest in early to growth-stage privately held companies working in the advanced mobility sector. EnerTech has a long history of building strategic partnerships and innovation ecosystems to provide insights and commercialization opportunities, with its core focus on future mobility. “We have been investing in and partnering with innovative companies driving change across the energy landscape for over 25 years,” said Wally Hunter, managing director at EnerTech. “As a co-architect of the CMC, we saw how a relationship with IAC and Alberta would help expand the mobility ecosystem that we are building in Canada.” “Alberta is quickly becoming a destination of choice for cleantech investment, while IAC continues to attract high-value investments to the province, including opportunities in advanced mobility solutions. Through our partnership with the CMC, Alberta can become a key player in the Canadian localization plan that EnerTech and the CMC are developing in Canada,” said Rick Christiaanse, CEO of Invest Alberta. “We plan to leverage Alberta’s expertise and leadership in hydrogen technologies to attract high-impact investment to the province and expand opportunities for Alberta companies in other markets.” California occupies about 50% of the U.S.’s total electric vehicle (EV) market share and is the epicenter of climate regulation and policy. The MOU establishes a new intercontinental collaboration around regulatory policy and investment strategies. “The CMC’s strategic market location in California provides unparalleled access to the world’s largest EV market, behind China,” said Mark Rawson, COO for the CMC. “It is a competitive advantage, but our business model and strategic partnerships are not constrained by California’s borders.” The CMC announced a similar collaboration last month with the Qatar Mobility Innovations Center (QMIC), based in Doha, Qatar. The QMIC partnership increases cross-collaboration in the Middle East in the fields of intelligent mobility and smart cities. “Domestic and international alliances with entities like EnerTech, Invest Alberta, QMIC and others creates an incredibility rich and diverse partner network that allows us all to get further faster,” said Rawson. “Now EnerTech and the CMC are building a localization strategy in the Canadian market to leverage the significant ecosystem and international network that the CMC has built.” Alectra Inc. , a municipality-owned company with headquarters in Toronto, Canada became a Member of the CMC last October. Alectra’s CEO Brian Bentz joined the CMC board at the same time. “California is thought by many to be a policy leader in advanced mobility, thus becoming a bellwether for the direction of the overall market,” said Bentz. “Alectra made the decision to align with the CMC to help fast-track the creation of an Ontario based cross-industry ecosystem that can influence regulatory policy in Ontario.” In addition, Linamar Corporation (TSX:LNR), a Canadian advanced manufacturing company specializing in industrial and mobility market applications, is an active participant in the Ontario Mobility Ecosystem being built out along with EnerTech, Alectra, and other key players. Linamar also signed on as a Member of the CMC in December last year with CEO Linda Hasenfratz holding a seat on the CMC board. “Linamar has taken an active role on the EnerTech and CMC boards,” said Hasenfratz. “These partnerships allow us to play a leadership role in the electrified mobility space, acquire learnings and make connections more rapidly and find opportunities through collective action that can accelerate our own strategic priorities.” About the California Mobility Center (CMC): The CMC is a nonprofit, public-private entity providing future mobility innovators and industry incumbents access to programs and resources that accelerate the pace of commercialization worldwide and aspires to be the leading innovation center for global mobility success. The CMC was founded by industry thought leaders in clean technology including California State University, Sacramento , EnerTech Capital , PEM Motion , Sacramento Municipal Utility District (SMUD) and the Greater Sacramento Economic Council (GSEC). The CMC is strategically located in Sacramento, CA. Its location puts the CMC in close proximity to California government, which leads the United States and the world in producing policies around green mobility and technology. Contacts

EnerTech Capital Investments

139 Investments

EnerTech Capital has made 139 investments. Their latest investment was in Recurrent as part of their Series A on April 4, 2022.

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EnerTech Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

4/14/2022

Series A

Recurrent

$4.5M

Yes

1

5/20/2021

Series D

Encycle

$7.5M

No

1

10/24/2019

Series B

Sofdesk

$4.36M

No

5

4/30/2019

Series B - III

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$99M

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10

5/25/2018

Unattributed VC - III

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$99M

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10

Date

4/14/2022

5/20/2021

10/24/2019

4/30/2019

5/25/2018

Round

Series A

Series D

Series B

Series B - III

Unattributed VC - III

Company

Recurrent

Encycle

Sofdesk

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Amount

$4.5M

$7.5M

$4.36M

$99M

$99M

New?

Yes

No

No

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Co-Investors

Sources

1

1

5

10

10

EnerTech Capital Portfolio Exits

30 Portfolio Exits

EnerTech Capital has 30 portfolio exits. Their latest portfolio exit was Tangent Energy Solutions on May 05, 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

5/5/2022

Acquired

$99M

2

1/26/2021

Acquired

$99M

1

10/5/2020

Acquired

$99M

1

11/12/2019

Acquired

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$99M

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10

8/14/2019

Acquired

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$99M

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10

Date

5/5/2022

1/26/2021

10/5/2020

11/12/2019

8/14/2019

Exit

Acquired

Acquired

Acquired

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

2

1

1

10

10

EnerTech Capital Acquisitions

2 Acquisitions

EnerTech Capital acquired 2 companies. Their latest acquisition was CoaLogix on February 22, 2008.

Date

Investment Stage

Companies

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

Total Funding

Note

Sources

2/22/2008

Other

$99M

$13.35M

Acquired

9/16/1998

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$99M

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0

Date

2/22/2008

9/16/1998

Investment Stage

Other

Companies

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Valuation

$99M

$99M

Total Funding

$13.35M

Note

Acquired

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Sources

0

EnerTech Capital Fund History

8 Fund Histories

EnerTech Capital has 8 funds, including EnerTech Capital Partners V LP.

Closing Date

Fund

Fund Type

Status

Amount

Sources

12/6/2015

EnerTech Capital Partners V LP

Multi-Stage Venture Capital

Closed

1

8/31/2013

EnerTech Capital Partners IV LP

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$99M

10

9/3/2008

EnerTech Capital Partners III LP

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$99M

10

7/31/2000

EnerTech Capital Partners II LP

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$99M

10

8/9/1996

EnerTech Capital Partners

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$99M

10

Closing Date

12/6/2015

8/31/2013

9/3/2008

7/31/2000

8/9/1996

Fund

EnerTech Capital Partners V LP

EnerTech Capital Partners IV LP

EnerTech Capital Partners III LP

EnerTech Capital Partners II LP

EnerTech Capital Partners

Fund Type

Multi-Stage Venture Capital

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Status

Closed

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Amount

$99M

$99M

$99M

$99M

Sources

1

10

10

10

10

EnerTech Capital Partners & Customers

7 Partners and customers

EnerTech Capital has 7 strategic partners and customers. EnerTech Capital recently partnered with Western University, Alectra, and Linamar on December 12, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

12/8/2021

Partner

Canada, and

EnerTech Capital, Alectra, Linamar, and Western University Form Strategic Partnership. Strategic Partnership Formed with EnerTech Capital, Alectra, Linamar, and Western University to Help Build an Ecosystem for Mobility Technologies in Ontario.

A new Memorandum of Understanding between key mobility technology partners EnerTech Capital , Alectra Inc. , and Linamar Corporation , along with Western University will allow for research and development collaborations in the mobility sector .

1

7/6/2018

Partner

Canada

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10

7/6/2018

Partner

United States

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10

11/7/2017

Partner

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10

9/13/2017

Partner

United States

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10

Date

12/8/2021

7/6/2018

7/6/2018

11/7/2017

9/13/2017

Type

Partner

Partner

Partner

Partner

Partner

Business Partner

Country

Canada, and

Canada

United States

United States

News Snippet

EnerTech Capital, Alectra, Linamar, and Western University Form Strategic Partnership. Strategic Partnership Formed with EnerTech Capital, Alectra, Linamar, and Western University to Help Build an Ecosystem for Mobility Technologies in Ontario.

A new Memorandum of Understanding between key mobility technology partners EnerTech Capital , Alectra Inc. , and Linamar Corporation , along with Western University will allow for research and development collaborations in the mobility sector .

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Sources

1

10

10

10

10

EnerTech Capital Team

6 Team Members

EnerTech Capital has 6 team members, including current Founder, Managing Partner, Scott Ungerer.

Name

Work History

Title

Status

David F. Lincoln

CMS, and UGI

Founder

Current

Scott Ungerer

Founder, Managing Partner

Current

William G. Kingsley

Managing Partner

Current

Jarett J. Carson

Managing Director

Current

Tucker Twitmyer

Managing Director

Current

Name

David F. Lincoln

Scott Ungerer

William G. Kingsley

Jarett J. Carson

Tucker Twitmyer

Work History

CMS, and UGI

Title

Founder

Founder, Managing Partner

Managing Partner

Managing Director

Managing Director

Status

Current

Current

Current

Current

Current

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