Urban tech startups have raised $28B in 2022 year to date,already more than in 2020,but projected to fall short of last year by 23%. Despite a considerable drop in corporate participation,heavy industry giants,such as Cemex and Honeywell,continue to be active urban tech investors.
Why it matters:
The battle for climate change will be won or lost in how we manage emissions from cities. More investment in urban tech is required to hit net-zero targets.
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