#114 - Reflecting on H1 2023 CT Funding & Discussing Transferable Tax Credits Along with the Opportunities they Present (Somil & Silas)

(The following summary is courtesy of HostAI via the Buzzsprout Platform)Imagine navigating the complex landscape of Climate Tech, where the surge of corporate venture capital has doubled from 2021 to 2022. How do you determine whether your hardware company should raise venture scale or seek other financing options? In this episode, we tackle these critical questions and more, examining insights from the 2023 Climate Tech VC report. We also discuss the tantalizing prospects of transferable tax credits offered through the IRA bill and how they could stimulate growth in various sectors.We've all witnessed the surge in electric vehicles, but do we truly understand the potential growth within this space? Let's explore the financial models and infrastructure evolution in the commercial electric vehicle sector, and the possible impact of tax credits on the industry. We consider the implications of tax credit restrictions and the potential consequences of transferability on the electric vehicle marketplace. This discourse extends to the effect of tax credits on the production of critical minerals, recycling of metals, and foreign investment.CleanTechies is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.But how does all this translate into economic opportunities and development, particularly in regions like upstate New York? We delve into the potential of the CHIPS Act and My Cart investment, and their role in job creation and economic growth. We also weigh the implications of large-scale industrial investments in Climate Tech, considering the need for specialized talent and supportive infrastructure. Ultimately, we aim to unravel the complex intertwine of Climate Tech, venture capital, and policy, and examine the pivotal role they play in shaping our future. Share your thoughts and join the conversation on Twitter, LinkedIn or our Slack channel. In this episode, Silas Mahner (@silasmahner) and Somil Aggarwal (@Somil_Agg) have a discussion about two things. First, their thoughts and reaction to the H1, 2023 Funding Report by CTVC Second, a conversation around the transferable tax credits created by the IRA and what areas we think are the biggest areas for growth or opportunity because of those. Hope you enjoy this episode! 🌎📺 👀 Prefer to watch: subscribe on YouTube.📫 Interested in written summaries and takeaways from the episode? Subscribe to the newsletter. Want to be part of the community and engage further? Check out the Slack Channel. https://tinyurl.com/mwkn8zk5 Thank you for reading CleanTechies. This post is public so feel free to share it.Topics: * 0:00 Climate Tech Funding Challenges in 2023 * 7:52 Challenges and Insights in Climate Tech * 13:52 Raising Venture Capital for Hardware Companies * 23:57 Opportunities and Challenges in Climate Financing * 32:10 Potential Growth in Electric Vehicles * 39:40 Funding and Economic Opportunities Concerns * 43:30 Challenges and Benefits of Economic Development and Climate TechLinks: Connect with Silas: https://www.linkedin.com/in/silasmahner/ Connect with Somil: https://www.linkedin.com/in/somil-aggarwal/ Check out our Sponsor, NextWave Partners: https://www.next-wavepartners.com/Follow CleanTechies on LinkedIn: https://www.linkedin.com/company/clean-techies/HMU on Twitter: @silasmahnerOther episodes you might enjoy:* Most Recent Episode: Incubating Climate Risk / Insurance Solutions as Traditional Insurers Pull Back w/ Stephen Brittain (Insurtech Gateway)* Similar Topic: Hard Truths About VC, Raising Advice, & Small Fund Limitations w/ Susan Su (Toba Capital)* Something Totally Different: How Microfinance Helps Unbanked & The Climate Vulnerable w/ Celyn & Kristen (ShareChange) This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit climatecowboys.substack.com/subscribe