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Impact
is our
Alpha

Impact today…
not 10 years from now
Impact that can be validated by customer experience and results, rather than econometric future models.
Growth equity into
customer-proven products
Meaningful capital and resources to fuel business scale and global reach.
We invest
with high conviction
Partnering with entrepreneurs and building market leaders that drive industrial innovation.
We like to be surprised
Our last 3 investments were inbound. If you´ve heard No from 50 software investors, reach out to us.
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We´re building concentrated portfolios of high conviction investments.

We typically invest before other investors are even considering participating.

We allocate meaningful capital upfront so the portfolio company can be heads-down on execution vs. fundraising and syndicate formation.

We focus on solutions that can deliver both sustainability and profitability.

Active Investments
0
Funds
0
Targeted Investment per Company
~$ 0 M
Industrial Partners & Coinvestors
0 +

Investment strategy

Industry needs transformation, not disruption

Unlike Software, Industry has large supply chains, physical assets and legacy know-how that need to be brought along in order to address our current and future challenges. Think food, energy, water, and waste management — we need incumbent industries to successfully adopt new technologies, new business models, and new efficient methods. However, scale needs both efficacy and economics.

Industry incumbents, supply chains and engineers need transformation, not disruption.

Global Average Temperature
Source: The Guardian

No Data Found

Software alone
is not going to
move the needle
We need to reinvent every process, every product, every chemical, and every molecule that we use in order to meet the challenge in front of us. This can only mean that we have to address the full stack of innovation; hardware, software, and services. New innovations to combat our environmental challenges have to be more affordable and more effective.
Planet-scale
problems need
global solutions
Climate is an inherently planet-scale problem. We need planet-scale solutions, and these have to be relevant in New Delhi and New York, while potentially originating in Berlin or Bergen.
A new type of
capital: neither
VC nor PE
We are growth equity partners. Without dispassionate backing of the right economics (incentive-free, competitive with incumbent technologies) we cannot create sustainable, profitable scalable companies of the future. Our investing has aspects of both VC and PE. WAVE’s unique investment strategy is focused on realizing the decarbonized future we are all driving towards.
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Portfolio

We are building a concentrated Portfolio. We do not seek co-investors at the time of our investment. We allocate meaningful capital upfront to the Portfolio Company.

We partner with founders and their operational teams to help write the playbook to achieve the next stage of success: Product, Go-To-Market, Technology, and Execution. We work to propel the Portfolio Company to over $100M in revenues.

Green Conversion Systems was a waste-to-energy firm which was wound down with assets sold to another industry player in 2020

Heatworks was an electric water heater manufacturer which was wound down in 2022 and sold at auction

Team

Founder & Managing Director

Praveen Sahay

Founder & Managing Director

Mark Robinson

Founder & Managing Director

Haskell Crocker

CFO/CCO

Bob
Wolfe

Principal, Europe

Kelly
Moulton

Director of Investor Relations

Kathrine
Kowalik

Sr. Operating Partner

Thomas Massie

Operating Partner

Matt Polimeno

Operating Consultant

Sarthak Tripathi

Investment Associate

Begoña
Iriso

Investment Analyst

Charles Bonsu

Controller

Lynette Montejo

Fund Accountant

Kayla Cadigan

Office Manager

Julie
DeLuca

Special Advisor

Dr. Joseph Stanislaw

Advisor

Rebecca Ranich

Advisor

Patrick Solomon

Advisor

Joe
Taylor

LinkedIn

Director Emeritus

Walter (Chip)
Schroeder

Director Emeritus

Bob
Roeper

More than
just capital

WAVE Equity Partners assists you in developing a complete growth roadmap from funding to exit, including go-to-market strategy, IP management, production scale-up, and exit strategy.

With significant industrial, operational, and investing experience, we merge our proprietary process with our go-to-market know-how to accelerate your growth while reducing risk. By limiting the number of portfolio companies to support, we’re able to provide the focused partnership needed to achieve success.

As an investor in the cleantech space, while top decile returns are critical, so is your desire to invest in breakthrough companies making global environmental impact.

We seek generational sustainability innovators and pair them with the right resources and our proprietary playbook to maximize growth, return and impact.

We prefer quality over quantity. We’re selective, enabling us to truly support our innovators in scaling their execution capabilities. As a result, we believe our portfolio companies can grow faster with less risk.

If it’s not
profitable
it’s not
sustainable

WindESCo

WindESCo is a provider of wind turbine optimization systems intended to ensure that every wind turbine is optimized for maximum energy. The company’s systems maximize assets’ performance, energy production, and reliability to ultimately discover the hidden value of renewable energy plants, enabling clients to increase revenue by increasing annual energy production.

QiO

In a world where energy demand escalates alongside digital growth, QiO Technologies offers a beacon of innovation. Their DC+ software, powered by advanced machine learning, intelligently fine-tunes power management in data centers at the granular level of CPU operations. QiO technology is a testament to their capability to significantly enhance energy savings while ensuring peak performance.

Novolyze

Novolyze is a developer of a tech-enabled system designed to empower food and beverage companies to enhance food safety and quality performance. Their surrogate microorganisms technology specializes in food safety microbiology. It offers monitoring of steam pasteurizers, sterilizers, dryers, roasters, extruders, and ovens, enabling food companies to produce and provide clean food products to customers.

Micatu, Inc.

MICATU is a provider of next-generation optical sensing solutions for the measurement of voltage, current, vibration, and temperature for next generation grid intelligence solutions. Its solutions provide enhanced data fidelity, accuracy, precision, and the ability to sense harmonic disturbances in the grid before they become a problem for grid operators.

MayMaan Research Inc.

MayMaan is at the vanguard of addressing the 21st century’s critical global energy challenges. Their commitment to creating alternative energy solutions led them to develop an innovative engine/fuel combination. Their award-winning technology, running on a mix of 70% water and 30% ethanol, is set to replace traditional Internal Combustion Engines with a commercially viable, energetically superior, and less polluting alternative.

Living Greens Farm

Living Greens Farm has developed and commercialized an efficient semi‑automated system for indoor farming of leafy crops such as lettuce, spinach, kale and other crops. Like other indoor farms, LGF uses 98% less land, 95% less water than traditional farms, and eliminates pesticides, herbicides, and chemicals. In addition, it has been able to grow superior, robust, full sized plants at low cost.

Intellihot

Intellihot is a leading manufacturer of high-efficiency water heating systems for commercial and industrial markets. Their on-demand gas/propane-fired heaters operate at 95% efficiency, surpassing traditional products. Intellihot’s reliable and space-saving solutions reduce operating expenses by 30-60%, cut capital expenditures by 50%, and contribute to a sustainable future. 

Intelligent Fluids

Based in Leipzig, with a state-of-the-art manufacturing facility in Leuna, Intelligent Fluids employs and partners with top notch researchers to conduct cutting edge research and launch groundbreaking innovation. They have pioneered green impact chemistry for cleaning. A new era of professional cleaning materials for industrial applications that combine the highest performance with sustainability.

Gradiant

Gradiant is a water recycling company with broadly patented processes to purify and recycle toxic water with a global customer base in multiple industries, including desalination, power generation, textiles, oil and gas, leather tanning, and mining. After spinning out of MIT in 2013, the Company has quickly established a diverse business footprint while significantly impacting the world’s water supply.

Factorial Inc.

Factorial is a manufacturer of nano-engineered batteries designed for electric vehicles, homes, and critical applications. The company’s batteries increase energy density and improve capacity, have an extended life, and recharge faster than any other existing material, enabling battery manufacturers to use more environmentally friendly, safer, and less expensive materials.

CHASM Advanced Materials

CHASM produces a range of advanced materials, including carbon nanotubes, transparent conductive films, and nanometal inks, which are used in various applications, such as cement production, EV batteries, antennas, heaters, and flexible electronics. In addition to their advanced materials, CHASM also offers development and manufacturing services to help their customers bring their products to market quickly & efficiently.

Carbon Clean Solutions

Carbon Clean is a developer of carbon capture technology designed to help industries decarbonize and leverage the growing value of captured carbon. The company’s technology offers an energy-efficient process that provides improved capture rates and delivers industrial-quality carbon dioxide for reuse or sequestration, enabling clients to have easy, affordable, and scalable carbon capture.

AeroSafe Global

AeroSafe is a leading provider of ‘Cold Chain as a Service’ (CCaaS) to ensure safe, sustainable delivery and effective use of pharmaceuticals. Its reuse program includes high-tech reusable thermal packaging, outsourced supply chain services, and a temperature monitoring control tower, reducing carbon usage and landfill by 65% and 90%, respectively, compared to traditional Styrofoam containers.

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