Israel’s State of Climate Tech 2022 - Update

Israeli Climate Tech Unicorns

The strength, variety, and depth of the Israeli climate tech ecosystem is reflected in the list of Israeli climate tech startups that have reached unicorn status. This list includes companies that develop products and technologies that either directly reduce GHG emissions, or provide resilience to the impacts of the changing climate. It is worth noting that some of the startups were not established with a climate positive purpose, but evolved into a climate tech startup, developing a strong climate value proposition, as part of their venture and mission. The list includes 7 startups from different domains that have gained the title unicorn (evaluation higher than $1B) in their lifetime, as noted in different media channels and reports. Each climate tech unicorn shared with us a quote from their CEO, describing the startup’s climate impact. The following quotes and information were provided by the startups for this specific updated report. A notable company that is not listed is SolarEdge, an Israeli climate tech company with a market value of $17.5 billion as of today. It is the first Israeli company to join the S&P 500, and has over 2.6 million installations across 133 countries that are advancing solar energy.13

13 Yahoo Finance and SolarEdge

Israel’s State of Climate Tech 2022 Update