Footprint Coalition Ventures
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Breakthrough Energy Ventures, Amazon and others invest $80M in Turntide to commercialize switched-reluctance Smart Motor System
Turntide Technologies raised $80 million in a funding round led by Bill Gates’s Breakthrough Energy Ventures, bringing its total funding to $180 million to scale its Smart Motor System based on switched reluctance motor technology. Investors include the Amazon Climate Pledge Fund, Robert Downey Jr.’s Footprint Coalition Ventures and several venture firms, backing the company’s effort to improve motor efficiency and reduce carbon emissions.
Robert Downey Jr.’s Footprint Coalition Ventures backs Seattle’s Cloud Paper as it launches two sustainability-focused funds
Actor Robert Downey Jr. launched two venture funds under Footprint Coalition Ventures focused on sustainable technology and is backing Seattle startup Cloud Paper, a tree-free toilet paper maker. The funds, led by Jonathan Schulhof and Steve Levin, will invest in early- and late-stage companies across sustainability, food and agtech, materials, energy, transportation, education, media and environmental solutions.
