SatVu, a climate technology company based in London, raised £20 million in strategic funding, including £10M in equity funding.
Adara Ventures and Molten Ventures co-led the investment round with participation from NOA, Lockheed Martin, Seraphim, Ridgeline, and Stellar Ventures.
SatVu is a climate technology company based in London, that specializes in advanced thermal imaging technology. Their work revolves around monitoring and analyzing global energy activity and carbon emissions using their HotSat constellation of satellites. These satellites, like HotSat-1 launched in June 2023, capture high-resolution thermal data (3.5m resolution), providing valuable insights into energy usage, infrastructure performance, and environmental changes. This data supports efforts in climate monitoring, energy transition, and resilience planning.
SatVu in the official press announcement said: that the newly raised funding will primarily support the development and launch of two new satellites, HotSat-2 and HotSat-3, scheduled for launch in 2025.
These new satellites deliver near real-time thermal data critical for understanding and addressing energy transition, infrastructure monitoring, and climate mitigation. The goal is to enable informed decision-making as the world works toward achieving net-zero targets.