When it comes to saving the planet, Raj Kapoor, Lyft’s former chief strategy officer and head of business, doesn’t think asking consumers (or the government) to change their ways is an effective strategy. Instead, he and Josh Felser, the co-founder of Freestyle Capital and a serial entrepreneur, are betting that the future of climate tech begins in the enterprise.
“What we’re seeing is that the enterprise is totally changing its behavior,” said Kapoor. “By the end of 2021, the Fortune 500 will all have shared sustainability goals publicly and 65% of global GDP has committed to net zero carbon emissions by 2050.” Amazon, for example, is making efforts to have net zero carbon operations by 2040 — and recently dipped back into its $2 billion climate fund to back fast-charging technology upstart for electric vehicles.
To capitalize on the awareness, Kapoor and Felser have spent the last year working on Climactic, an early-stage venture capital firm that wants to invest explicitly in startups working to fix the climate from an enterprise angle. The investors have backed 11…
