Investing thesis statements

Novele combines an elegantly-designed interior wall-mounted battery system (EnergyBoard) with machine learning software that optimizes energy storage and distribution to reduce commercial buildings' peak load charges. It’s a brilliant approach, a beautiful product, and a clear win-win-win for the customer, for Novele, and for the environment. We’re thrilled to be involved!

Two Electrogenos inventions dramatically reduce the energy cost for hydrogen production. Hydrogen emits no carbon when burned as fuel, leading to broad excitement for its expanding use in transport and industry. But to date, green hydrogen production hasn’t been cost-competitive. Our investment is helping Electrogenos manufacture their transformative solution at scale to address this!

Aeluma is a next-generation semiconductor company whose deep tech platform unlocks scaled manufacturing of high-performance, compound semiconductors. Our position reflects the massive opportunity for Aeluma chips to increase AI data center speeds while greatly decreasing energy use. We see downside risk associated with that thesis mitigated by the diverse other applications that Aeluma's technology can help transform (e.g. in quantum computing, aerospace, mobile, automotive, robotics, and more). SEC Schedule 13G filing.