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LAUNCHING TODAY: The All Aboard Coalition Offers a New Approach to Investing in Clean Tech Companies

Thirteen of the world’s leading venture capital and growth equity firms have teamed up to create a new way of backing breakthrough clean tech companies and solve the problem of “the missing middle”.

Collectively they represent the investing brain-trust of a new initiative called All Aboard, designed to help the most promising clean energy and decarbonization companies scale from innovation to commercial scale and global impact.

While past decades produced trillion-dollar industries in solar, wind, EVs, and batteries, the next phase of the energy transition requires bold technologies that can both meet surging energy demand and cut greenhouse gas emissions, including long-duration energy storage, geothermal, nuclear, carbon capture, clean hydrogen and marine decarbonization.

Many early-stage companies are ready to lead this charge but struggle to raise the $100–200 million+ rounds needed to fund their “first of a kind” commercial scale projects and thereby cross the dreaded “valley of death.” These rounds are often too large for early stage VCs and are considered too risky by many later stage investors, despite the significant returns possible for companies that break through to global scale.

The All Aboard coalition believes that a collective approach can bridge this gap and create the next Microsofts and Nvidias of the climate era.

Managing more than $60 billion in assets, the coalition includes Ara Partners, Breakthrough Energy Ventures, Clean Energy Ventures, Congruent Ventures, DCVC, Energy Impact Partners, Future Ventures, Gigascale Capital, Khosla Ventures, NGP Energy Capital Management, Obvious Ventures, Prelude Ventures, and Spring Lane Capital.

Chris Anderson, the longtime convenor of TED and active climate investor who has spearheaded All Aboard, explained:

“One of the biggest threats to the world’s future is that the companies capable of building a healthy low-emissions global economy are simply not getting the funding they urgently need. The only way to fix that is through collective action. By acting as a community, we can help propel these exciting vanguard companies to true global scale.”

The All Aboard Fund is being raised to co-invest alongside coalition members, through a semi-automatic matching mechanism, further strengthening the group’s ability to finance these critical growth stages.

Stan Miranda, Founder of $60B AuM Partners Capital and All Aboard Co-founder describes the vision:

“The All Aboard Coalition’s commitment—together with co-investment from the All Aboard Fund—sends a strong signal to the wider climate-tech investment community: these are the companies that will define the future.”

Vinod Khosla, Founder and CEO of Khosla Ventures, added:
“The idea is simple: more collaborative investing, fewer fragmented bets. Together, we can help more energy technologies make it through the valley of death.”

Famed energy investor John Arnold, an early backer of the All Aboard Fund, said:

“No single firm can solve the scale-up challenge alone. By combining expertise and resources, the All Aboard Coalition ensures that the most promising clean energy companies have a chance to lead the next industrial revolution.”

The coalition’s inaugural meeting will be held September 9th, followed by a larger gathering of the broader All Aboard community in Half Moon Bay, California, September 28–30, 2025. There, 20 leading founders and executives will present investment opportunities to accelerate their path to commercial scale and long-term success.

The All Aboard Coalition Members

All Aboard Investment Management, LLC is the investment management company advising the All Aboard Fund on its co-investments with the All Aboard Coalition. All Aboard is a community of investors and entrepreneurs tackling climate-tech’s toughest challenge: the scale-up stage. Through two flagship initiatives—an annual convening and a collaborative fund—we close the capital gap for companies commercializing game-changing climate technologies and help likely winners break through. https://allaboard.vc/

Ara Partners is a $6B AUM global private equity firm decarbonizing the industrial economy. We specialize in buyout, growth equity, infrastructure, and transition investments in high-polluting sectors, investing in proven technologies and businesses that help these grow. www.arapartners.com

Breakthrough Energy Ventures (BEV) backs world-class entrepreneurs discovering, developing, and deploying the technologies that will power human prosperity for generations to come. Founded by Bill Gates, BEV invests in science-driven companies with the potential to cut at least 1% of global greenhouse gas emissions—about half a gigaton per year—across the five sectors driving the climate challenge: manufacturing, electricity, agriculture, transportation and buildings. Combining deep technical expertise with entrepreneurial acumen and market insight, BEV works alongside companies who will make clean energy reliable, affordable, and globally competitive—laying the foundation for a better, more resilient future. www.breakthroughenergy.org

Clean Energy Ventures invests in climate tech solutions with potential for multi-gigaton CO₂ reductions over the next three decades. By identifying the right engineering and leadership teams, the firm acts as a company builder, supporting solutions from seed stage through successful commercialization. Often the first partner to founders, CEV provides the capital, expertise, and the care needed to help build the new economy. cleanenergyventures.com

Congruent Ventures have invested over $1B in support of early-stage entrepreneurs building transformative companies that do more with less, backing teams in North America innovating across atoms, bits, or business models, from formation capital to Series A. www.congruentvc.com

DCVC is deep tech venture capital. Over more than a dozen years, they’ve backed brilliant entrepreneurs using computational approaches to solve trillion-dollar problems in the real world across a broad set of industries, especially those that haven’t seen material progress in decades. dcvc.com

Energy Impact Partners (EIP) is a collaborative strategic investment firm that invests in companies optimizing energy consumption and improving sustainability. It brings together entrepreneurs and corporates across venture to infrastructure. energyimpactpartners.com

Future Ventures was co-founded by Steve Jurvetson of Draper Fisher Jurvetson and has invested $925M AUM in seed and early-stage investments in trailblazing, purpose-driven entrepreneurs with ideas that have the potential to reinvent entire industries. https://future.ventures

Gigascale Capital was founded by Mike Schroepfer, former CTO of Meta. The firm backs builders scaling progress by transforming the world’s largest sectors, making clean solutions the obvious choice. gigascale.com

Khosla Ventures has invested over $15B AUM and is a venture capital firm focused on investments in artificial intelligence, financial services, healthcare, consumer, enterprise, and sustainability sectors. It is known for making early capital investments in startups such as OpenAI, Instacart, Affirm, DoorDash, and Block. www.khoslaventures.com

NGP Energy Capital Management is a premier private equity firm that believes energy is essential to progress. Founded in 1988, NGP is moving energy forward by investing in innovation and empowering energy entrepreneurs in natural resources and energy transition. With over $24 billion of cumulative equity commitments, we back portfolio companies focused on responsibly solving and securing the energy needs of today and leading the way to a cleaner, more reliable, more affordable energy future. www.ngpenergy.com

Obvious Ventures was co-founded by Twitter’s Evan Williams and has invested more than $1B AUM in ‘world-positive’ companies across purpose-driven sectors including climate. Obvious has helped build category disruptors like Beyond Meat, Virta Health, and Diamond Foundry. First and foremost, we’re product designers and company operators, and we are on a mission to support purpose-driven entrepreneurs across planetary, human and economic health. https://obvious.com/

Prelude Ventures was founded by Nat Simons and is a climate-focused, $2B AUM, venture capital firm that invests in and supports early-stage startups with the greatest potential to mitigate climate change. For over a decade, Prelude Ventures has sought out purpose-driven founders and provided the capital and expertise needed to build the next generation of category-defining businesses that will reshape our global economy for the greater good of people and the planet. https://www.preludeventures.com/

Spring Lane Capital is an $800M AUM private equity firm based in Boston, MA and Montreal, QC focused on providing hybrid project capital for sustainability solutions in the energy, food, water, waste, and transportation industries. The firm’s structured financial model seeks to tap into some of the fastest-growing segments of these markets that more traditional forms of project capital cannot access due to their scale and the limitations of existing investment models – the so-called ‘Missing Middle’. SLC’s pioneering “Developer U” is a first of its kind effort to build the ecosystem of developers of sustainable infrastructure projects. www.springlanecapital.com

Legal Disclaimer

This press release is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities in any jurisdiction. Any such offer or solicitation may be made only by means of definitive offering documents and only in jurisdictions where permitted by law.