Much of the carbon-capture and clean energy tech coming to market now is hardware products with deep tech innovations.We’re seeing companies develop new ways to extract lithium from brines to power EVs, turning fast carbon to slow carbon with ocean buoys, and even injecting captured CO2 into concrete to permanently store it there.Perhaps not surprisingly for a fund concentrating on deep tech, one of our firm’s first investments in the market was focused on hardware in the form of advanced lithium-ion batteries developed by Sun Mobility.These swappable batteries enable “pay-as-you-go” EV powering that could make electronic vehicles financially viable for the first time in markets such as India.Similarly, in climate tech, many of the first investments we saw in this latest wave of climate innovation were focused on software or platform-based climate tech startups providing services ranging from climate risk ratings to carbon accounting."