The 7 Fastest Growing Green Startups in 2018

As more people are starting to become conscious about the importance of conserving the environment, it has necessitated the creation of companies that aim to provide green services. This has given rise to Green startups that are creating alternative, sustainable options to meet the rising needs. The following 7 green startups have taken center-stage in this exciting frontier:

MowGreen

MowGreen is a lawn care startup that aimed to minimize the gas emissions produced by gas-powered mowers. According to EPA, more than 5 tons of air pollutants are emitted by the gas-powered lawn mowers.

MowGreen is dedicated to providing lawn care services that minimize carbon emissions. They initially used push mowers before they went on to use solar-powered mowers that burnt hydrogen. Now they use battery-powered gear that is recharged using carbon-neutral sources. The company provides other services and products that include soil optimization, aeration, and cleanup.

Solarkiosk

SolarKiosk provides off-grid power solutions to marginalized communities. Such communities lack essential services that require power like lighting, charging, and refrigeration. Solarkiosk has been providing compact solar-powered business hubs (optimized kiosks powered by solar) to those communities.

By extension, Solarkiosk is alleviating the problem of deforestation for fuel by providing an alternative energy source. Such populations rely on forests for fuel – a source that is highly inefficient and environmentally unsustainable. The quality of peoples’ lives has also improved thanks to Solarkiosk’s technology.

If you want to Invest in solar stocks, Solarkiosk is one of the most viable and scalable ventures. The annual revenue in 2018 was $4.4 million.

Freight Farms

This startup develops and sells “container farms.” Container farms are hydroponic farming systems fitted inside freight containers that use LEDs to grow crops in any environment.

The farmer can control conditions like temperature and humidity as they see fit to grow crops all year round. The company also developed a software platform that enables the farmer to control farm parameters remotely, analyze farm data, and automate some tasks.

In 2018, they launched a service called “Grown by Freight Farms” that allows institutions to grow food in their premises without having to worry about staffing the containers. The startup has raised $12.2 million over five rounds of funding, the last one being in 2017.

Bridgelux

Bridgelux was founded in 2002. The company designs LEDs that enable users to save money on energy bills and, therefore, reduce their carbon footprint. Their high-performing lighting solutions are ideal for high-end hospitality providers, manufacturing plants, and outdoor lighting.

They also produce smart products that cater to the industry’s changing needs. The company has raised $125 million in VC funding.

Laurus Energy

It is an energy company that is revolutionizing the way we consume coal energy. Founded in 2007, they use a technology called Underground Coal Gasification (UCG) to convert coal while it is still underground into gas streams.

The gas streams are used for liquid fuel, power generation, and for chemical feedstock. Their projects are scattered over a couple of North American locations. The process by which the gas is extracted ensures that much of the pollution stays underground unlike what we see with conventional coal extraction methods.

WISErg

WISErg is a Redmond-based food waste recycling startup that had raised $69.8 million by October 2018. They collect food waste and make fertilizer out of it. The impact of food waste on the environment and our pockets is quite significant.

They use a machine they call the Harvester to ensure that the food waste received from grocery stores and other food establishments has the right nutrient balance. It is then transported to the plant where it is processed and converted into fertilizer.

The fertilizer is sold to organic farmers. They aim to tackle the problem of handling urban-generated organic products and convert it into a useful product that can, in turn, minimize the strain that traditional fertilizer manufacturing processes have on resources.

Skeleton Technologies

It is one of the leading energy startups in the world. The startup even won an award for best startup in 2015 in London thanks to its groundbreaking energy storage technology.

Their flagship product is the patented ultracapacitor cell that has the capacity to store more energy than traditional technologies. Their most notable client is the European Space Agency which uses the ultracapacitors to solve complex energy problems in space.

By 2018, the company had conducted six rounds of funding and raised 46.4 million Euros in the process.