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Incubator/Accelerator
bvignite.com

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Investments

29

Portfolio Exits

1

About IgniteX Accelerator

In partnership with the Kansas City Economic Development Council's LaunchKC initiative, Black & Veatch's Ignitex seeks partnership with startups focused on Renewable and Distributed Energy, Mobility, Agricultural Technology, Machine Learning/Artificial Intelligence and other technological processes adding value to engineering services.

IgniteX Accelerator Headquarters Location

11401 Lamar Ave

Shawnee Mission, Kansas, 66211,

United States

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Latest IgniteX Accelerator News

Black & Veatch’s IgniteX Start-up Accelerator Announces 2022 Participants

Jan 18, 2022

Eight start-ups to speed development of decarbonization, sustainable technology solutions through involvement in the ‘IgniteX Climate Tech Accelerator’ January 18, 2022 03:00 PM Eastern Standard Time OVERLAND PARK, Kan.--( BUSINESS WIRE )--Recognizing the world needs innovative solutions to counter the ongoing climate crisis, Black & Veatch has selected eight promising start-ups to join its IgniteX Climate Tech Accelerator program, which provides funding and support to companies on the cutting edge of climate technology. The eight start-ups were selected from a pool of nearly 100 applicants, and are focused on sustainability solutions ranging from carbon capture and resilient distributed infrastructure to textile recycling and fertilizer production. They come from various locations across the United States and Canada. Each company will work closely with Black & Veatch on the further design, development and realization of their proposed climate technology solution. Participants will be offered opportunities for mentorship, access to the company’s vast network of subject matter experts, product testing, pitch development, investor introductions and funding from Black & Veatch. The 12-week program will culminate in early May with an in-person Demo Day , where the entrepreneurs present their solutions, outlining their value proposition and market opportunity. “The IgniteX Accelerator strives to foster creative ideas and solutions to the global challenges that are transforming our company, our clients and the world we live in,” said Ryan Pletka, vice president of Innovation at Black & Veatch. “In our third cohort of the IgniteX program, which focuses on the new and growing challenges associated with climate change, we are seeing some of the most intriguing ideas yet. I can’t wait to see how Black & Veatch helps these startups make monumental strides in climate technology.” The companies joining the 2021-2022 IgniteX Climate Tech Accelerator include: Carbon Upcycling Technologies , which converts waste CO2 into high-performance additives enabling the production of low-carbon concrete. Circ , which is on a mission to power the clean closet with patented technology that recycles global fashion waste back into textiles. ElectricFish , which develops and deploys energy storage-integrated electric vehicle charging to power a sustainable, resilient and equitable energy future. Next Hydrogen , which has revolutionized electrolyzer cell design to maximize current density and dynamic response, effectively providing a path to the lowest levelized cost of green hydrogen. Nitricity Inc. , which produces nitrogen fertilizer from air, water and renewable electricity. Twelve , the carbon transformation company, which is eliminating emissions by transforming CO2 into critical chemicals, materials and fuels. ReJoule , which maximizes the value of electric vehicle batteries with its advanced battery diagnostics technology. Revterra , whose kinetic battery offers a modular, cost-effective, and highly scalable solution to the increasingly important energy storage market –bringing a new spin to the energy transition. Editor’s Notes: Learn more about Black & Veatch’s IgniteX Climate Tech Accelerator The IgniteX program is the external branch of the Black & Veatch’s Growth Accelerator, which has internal and external programs to discover unique opportunities and drive their rapid, profitable growth. The Climate Tech Accelerator marks Black & Veatch’s third IgniteX Challenge. Past challenges include the inaugural Clean Tech Accelerator in 2019 and the COVID Response Accelerator in 2020. Since its creation, the IgniteX Challenge has received more than 500 applications, given $1 million in grants and in-kind services, and made 25 investments or partnerships with startup companies. About Black & Veatch Black & Veatch is an employee-owned global engineering, procurement, consulting and construction company with a more than 100-year track record of innovation in sustainable infrastructure. Since 1915, we have helped our clients improve the lives of people around the world by addressing the resilience and reliability of our most important infrastructure assets. Our revenues in 2020 exceeded US$3.0 billion. Follow us on www.bv.com and on social media. Contacts

IgniteX Accelerator Investments

29 Investments

IgniteX Accelerator has made 29 investments. Their latest investment was in Rejoule as part of their Incubator/Accelerator - V on January 1, 2022.

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IgniteX Accelerator Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

1/18/2022

Incubator/Accelerator - V

Rejoule

Yes

1

1/18/2022

Incubator/Accelerator - II

Revterra

Yes

1

1/18/2022

Incubator/Accelerator - V

Twelve

Yes

1

1/18/2022

Incubator/Accelerator

Subscribe to see more

Subscribe to see more

10

1/18/2022

Incubator/Accelerator

Subscribe to see more

Subscribe to see more

10

Date

1/18/2022

1/18/2022

1/18/2022

1/18/2022

1/18/2022

Round

Incubator/Accelerator - V

Incubator/Accelerator - II

Incubator/Accelerator - V

Incubator/Accelerator

Incubator/Accelerator

Company

Rejoule

Revterra

Twelve

Subscribe to see more

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Amount

New?

Yes

Yes

Yes

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

1

1

1

10

10

IgniteX Accelerator Portfolio Exits

1 Portfolio Exit

IgniteX Accelerator has 1 portfolio exit. Their latest portfolio exit was Electriphi on June 17, 2021.

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

6/17/2021

Acquired

$99M

17

Date

6/17/2021

Exit

Acquired

Companies

Valuation

$99M

Acquirer

Sources

17

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