LACI

LACI CEO Statement on COP28 Agreement

Retrieved on: 
Friday, December 15, 2023

LOS ANGELES, Dec. 15, 2023 /PRNewswire/ -- Following the unanimous approval of a declaration by COP28 diplomats that included calls for the phase out of fossil fuels and the tripling of renewable energy capacity, Matt Petersen, LACI's President and CEO, issued the following statement:

Key Points: 
  • LOS ANGELES, Dec. 15, 2023 /PRNewswire/ -- Following the unanimous approval of a declaration by COP28 diplomats that included calls for the phase out of fossil fuels and the tripling of renewable energy capacity, Matt Petersen, LACI's President and CEO, issued the following statement:
    "While not adequate in meeting the magnitude of the climate crisis, it is historic that the 'phasing out' of fossil fuels—along with the funding of loss and damages, albeit modest, and commitments for the tripling of renewable energy capacity—was included in the final COP28 declaration unanimously approved in Dubai yesterday.
  • In attending COP28 to share LACI's unique green economic development model to deploy equitable climate solutions at speed and scale, I was also pleased to be amongst hundreds of startup founders and fellow California leaders showing how the world's 4th largest economy is helping lead the way.
  • "Along with 2000 others, I signed the letter challenging COP28 President Sultan Al-Jaber and all delegates to ensure the final declaration committed to 'phasing out' fossil fuels along with commitments for climate finance and biodiversity.
  • The unanimous agreement codifies for the first time in the history of the world's largest climate conference what we have known all along: that we must end our reliance on fossil fuels to ensure, as I often say, humanity doesn't just survive but also thrives on this planet."

National Coalition of Clean Energy Incubators - Led by the Los Angeles Cleantech Incubator - Adopt Principles to Advance & Support Biden Administration's Commitment to Justice40

Retrieved on: 
Thursday, September 21, 2023

LOS ANGELES, Sept. 21, 2023 /PRNewswire/ --  Leaders of the nation's most innovative clean technology incubators–via the National Coalition of Clean Energy Incubators (NCCEI) led by the Los Angeles Cleantech Incubator (LACI)–adopted a new joint Statement of Principles to advance President Biden's environmental justice goals, promising to prioritize investments and initiatives that "increase support and enhance opportunities for diverse underrepresented cleantech entrepreneurs, provide job training for at-risk communities and scale deployment of clean energy solutions in disadvantaged communities that will provide increased benefits from the clean energy economy for all Americans."

Key Points: 
  • "Thanks to President Biden and the U.S. Congress, federal agencies are making historic levels of investment to advance environmental justice as we respond to the climate crisis," said Matt Petersen, CEO of LACI.
  • The NCCEI promotes robust growth of regional energy innovation ecosystems across the nation by providing support for startups and entrepreneurs whose businesses focus on clean energy-related technologies.
  • "I am proud to be part of a community of clean energy incubators around the nation that are making the connection between innovation and inclusion in order to create a national advanced energy economy."
  • The NCCEI's Statement of Principles on the Biden Administration's Justice40 initiative were transmitted today to President Biden, Vice President Harris, and Congressional leaders.

Congresswoman Nanette Barragán (CA-44) Presents Check to Los Angeles Cleantech Incubator (LACI) for $1.5M in Federal Funding for First of a Kind Truck Charging Infrastructure Project

Retrieved on: 
Thursday, August 24, 2023

LOS ANGELES, Aug. 24, 2023 /PRNewswire/ -- Thanks to a $1.5 million Community Project Funding (CPF) grant secured by Congresswoman Nanette Barragán (CA-44), and awarded to the Los Angeles Cleantech Incubator (LACI) through the Department of Housing and Urban Development (HUD),  LACI will help install public charging infrastructure dedicated for use by electric heavy-duty trucks that transport freight between the Port of Los Angeles and nearby distribution centers, a major step towards replacing the current fleet of highly-polluting diesel drayage trucks.

Key Points: 
  • "The Los Angeles economy depends on trade and goods movement, but we also depend on healthy families and communities.
  • "I am proud to support the installation of electric charging at the Port of Los Angeles, and I'm grateful to Congresswoman Barragán, Port of Los Angeles staff and LACI for their leadership in making this possible."
  • "Today's announcement is further proof of our commitment to achieving zero-emissions operations," said Los Angeles Harbor Commission President Lucille Roybal-Allard.
  • This award to LACI will fund the first public depot charging infrastructure on Port of Los Angeles property that lays the groundwork for achievement of those goals.

Nature Coatings Secures $2.45 Million in Funding Led by Regeneration.VC and The 22 Fund

Retrieved on: 
Thursday, August 10, 2023

LOS ANGELES, Aug. 10, 2023 /PRNewswire/ -- Nature Coatings, a leading biochemicals company transforming waste materials into bio-based, safe, and renewable solutions, is proud to announce the successful completion of an oversubscribed $2.45 million Seed funding round. The investment round was led by Regeneration.VC and The 22 Fund, with participation from actor and environmentalist Leonardo DiCaprio, Safer Made, and Portfolia.

Key Points: 
  • Nature Coatings secures $2.45 million in funding, led by Regeneration.VC and The 22 Fund, with participation from Leonardo DiCaprio, Safer Made, and Portfolia.
  • The funding enables Nature Coatings to expand manufacturing capabilities, strengthen the senior team, and establish a global distribution network for BioBlack TX.
  • The investment round was led by Regeneration.VC and The 22 Fund , with participation from actor and environmentalist Leonardo DiCaprio, Safer Made, and Portfolia.
  • Regeneration.VC and The 22 Fund, leading investment firms in the field, spearheaded the financing of Nature Coatings.

LA Leaders Celebrate First Graduating Class of the Avantus Cleantech Career Academy

Retrieved on: 
Tuesday, June 13, 2023

Avantus ( formerly 8minute ) and UNITE-LA were joined by Los Angeles City Council President Paul Krekorian on Monday to celebrate the first graduating class of the Avantus Cleantech Career Academy (Avantus Academy).

Key Points: 
  • Avantus ( formerly 8minute ) and UNITE-LA were joined by Los Angeles City Council President Paul Krekorian on Monday to celebrate the first graduating class of the Avantus Cleantech Career Academy (Avantus Academy).
  • View the full release here: https://www.businesswire.com/news/home/20230613862822/en/
    Avantus and UNITE-LA celebrate the first graduating class of the Avantus Cleantech Career Academy.
  • “The first graduating class of the Avantus Academy can serve as the vanguard of our clean energy future.
  • Here’s what people are saying about the Avantus Cleantech Career Academy:
    Marryn Santucci, Community Engagement Advisor, Southern California Edison: “Congratulations to the graduates of the Avantus Cleantech Career Academy!

Wells Fargo Innovation Incubator Announces 2023 Channel Partner Strategic Awards to Catalyze Innovation and Inclusion

Retrieved on: 
Thursday, May 11, 2023

Today, the Wells Fargo Innovation Incubator (IN²), a technology incubator funded by the Wells Fargo Foundation and co-administered by the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL), announced its seventh cycle of Channel Partner Strategic Awards.

Key Points: 
  • Today, the Wells Fargo Innovation Incubator (IN²), a technology incubator funded by the Wells Fargo Foundation and co-administered by the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL), announced its seventh cycle of Channel Partner Strategic Awards.
  • View the full release here: https://www.businesswire.com/news/home/20230511005219/en/
    The winners of the Wells Fargo Innovation Incubator (IN²)'s 2023 Channel Partner Strategic Awards.
  • "The Wells Fargo Foundation is proud to support the diverse group of entrepreneurs who are innovating in this space with this year’s Channel Partner Awards."
  • Since its inception, the IN² Channel Partner Strategic Awards program has distributed more than $6 million, supporting 55 Strategic Awards and 174 Ecosystem or Connector Awards.

Next Century Ventures, venture capital arm of NEXEN TIRE, announces strategic investment in Automotus, a U.S.-based curbside management startup

Retrieved on: 
Wednesday, March 8, 2023

Automotus, founded in U.S. in 2017, collaborates with government, institutions, and mobility innovators across the country to test and evaluate curbside management techniques in order to minimize curbside congestion emissions and expedite developments in zero-emission vehicles.

Key Points: 
  • Automotus, founded in U.S. in 2017, collaborates with government, institutions, and mobility innovators across the country to test and evaluate curbside management techniques in order to minimize curbside congestion emissions and expedite developments in zero-emission vehicles.
  • Together with NEXEN TIRE, other investors include Techstars, a top early stage investor and incubator, the Los Angeles Cleantech Incubator (LACI), and QUAKE Capital Partners.
  • "We are incredibly happy to have Next Century Ventures participate in this investment round.
  • "NCV believes in Automotus' vision and looks forward to working actively with the firm to support its strategic goals."

New E-bike Pilot Program "Good2GoBikes Powered by LACI" Launches to Serve Low-Income Residents of Rancho San Pedro

Retrieved on: 
Friday, November 4, 2022

SAN PEDRO, Calif., Nov. 4, 2022 /PRNewswire/ -- The Los Angeles Cleantech Incubator (LACI) and the Housing Authority of the City of Los Angeles (HACLA), in partnership with Pedal Movement, officially launched a new, first-of-its-kind zero-emission, micro-mobility pilot, making e-bikes and e-cargo bikes available for affordable rental to Rancho San Pedro residents. LACI and HACLA also announced their commitment to extend the successful EV Car Share pilot program at Rancho San Pedro for another year.

Key Points: 
  • LACI and HACLA also announced their commitment to extend the successful EV Car Share pilot program at Rancho San Pedro for another year.
  • "Residents of the Rancho San Pedro community rely heavily on mass transportation, but most of their essential destinations are within 2-3 miles of home.
  • "Good2Go Bikes" is funded by the California' Air Resources Board's Clean Mobility Options (CMO) Voucher program.
  • The Rancho San Pedro community is adjacent to the Port of Long Beach and is burdened with some of the dirtiest air in Southern California.

WPCCU and the Los Angeles Cleantech Incubator (LACI) Forge Groundbreaking Initiatives; LACI's Middle School Girls in STEM Program Awarded an FHLBank AHEAD Grant

Retrieved on: 
Thursday, September 22, 2022

LOS ANGELES, Sept. 22, 2022 /PRNewswire-PRWeb/ -- Earlier this month, the Water and Power Community Credit Union was awarded an FHLBank San Francisco AHEAD Program Grant for the Los Angeles Cleantech Incubator (LACI) Middle School Girls in STEM Program. After putting in the hard work to apply for the program, the LACI program is now one of the highly sought-after award winners. FHLBank awarded 55 projects this year totaling $1.5 million in grants that will boost economic development activity and promote financial stability in communities throughout Arizona, California, and Nevada.

Key Points: 
  • Earlier this month, the Water and Power Community Credit Union was awarded an FHLBank San Francisco AHEAD Program Grant for the Los Angeles Cleantech Incubator (LACI) Middle School Girls in STEM Program.
  • LOS ANGELES, Sept. 22, 2022 /PRNewswire-PRWeb/ -- Earlier this month, the Water and Power Community Credit Union was awarded an FHLBank San Francisco AHEAD Program Grant for the Los Angeles Cleantech Incubator (LACI) Middle School Girls in STEM Program.
  • The funds will be set in place for LACI's 2023 Cohort (4) Middle School Girls in STEM Program.
  • They included: Edwin Markham Middle School in Watts, Vox Collegiate and Hollenbeck Middle School in Los Angeles.

Circuit Raises $11M Series A to Expand EV Shuttle Business

Retrieved on: 
Wednesday, September 7, 2022

NEW YORK, Sept. 7, 2022 /PRNewswire/ --Circuit, an on-demand, electric shuttle service, closed an $11M Series A financing round, led by Tribeca Venture Partners.

Key Points: 
  • NEW YORK, Sept. 7, 2022 /PRNewswire/ --Circuit, an on-demand, electric shuttle service, closed an $11M Series A financing round, led by Tribeca Venture Partners.
  • Circuit closes $11M Series A, led by Tribeca Venture Partners.
  • Circuit serves first and last-mile connections to key urban destinations, with a 100% electric fleet.
  • About Circuit: Founded by James Mirras and Alex Esposito in 2011, Circuit is an electric, micro-transit solution.