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Press release #Venture Capital

Robert Bosch Venture Capital invests in Aclima’s US $40 million Series B funding round

Hyperlocal air quality and greenhouse gas measurement and analytics platform catalyzes climate innovation

  • Robert Bosch Venture Capital invests together with a strong investor syndicate to provide financial and strategic resources
  • Aclima drives climate innovation to reduce emissions and protect public health
  • Measurement technology maps emissions of pollutants and greenhouse gases block by block and at the street level on a global scale

Aron Bahnmüller >

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Stuttgart, Germany – Robert Bosch Venture Capital GmbH (RBVC), the corporate venture capital company of the Bosch Group, has completed an investment in Aclima Inc., a startup based in San Francisco, California. Aclima is a leader in hyperlocal air quality and greenhouse gas measurement and analysis. Their platform helps governments, communities, and enterprise customers accelerate action to reduce emissions and protect public health.

“Aclima has built an expansive mobile and stationary sensor network that generates billions of measurements about our most critical resources,” says Dr. Ingo Ramesohl, Managing Director of RBVC. “Bosch invents and delivers connected solutions for a smarter future across transportation, home, industrial, and many other fields. What Aclima has achieved in connected environmental sensing is an impressive feat. Together, we can accelerate Aclima’s ability to support customers in taking decisive and data-driven climate action, supporting Bosch’s guiding principle “Invented for Life”.”

Novel approach with rigorous scientific validation

Aclima has pioneered a new class of measurement and analysis tools that make air pollution and climate-changing emissions visible at the street-level, and at the scale of entire cities and states. To deploy its mobile sensing network, Aclima upfits emission-free vehicles with their sensing devices. As the cars drive through streets, air samples pass through a specially designed intake and are then routed to the device for initial analysis before streaming the measurements results to the cloud. Each week, Aclima sends billions of air quality data points to their cloud-based software platform where it is combined with other data streams for use by governments, communities, and businesses to inform actions that reduce emissions and their impacts.
"Air pollution takes millions of lives and costs billions of dollars every year, and is now linked with higher COVID-19 death rates," said Davida Herzl, co-founder and CEO of Aclima. “We’re thrilled by the potential for collaboration with Bosch that RBVC enables. With this coalition of investors, we’re expanding our capacity to support our customers and community partners in their critical efforts to reduce emissions and protect public health.”

The $40 million Series B round was led by Clearvision Ventures. Other new investors joining Aclima on their journey include the Microsoft Climate Innovation Fund, GingerBread Capital, KTB Network, ACVC Partners, and Splunk Inc. Existing shareholders participating in the round include Plum Alley, Kapor Capital, Rethink Impact, the Schmidt Family Foundation and Social Capital. These new resources and partnerships will enable Aclima to further expand its connected sensor networks to cover millions more people in many more places.

About RBVC GmbH

Robert Bosch Venture Capital GmbH (RBVC) is the corporate venture capital company of the Bosch Group, a leading global supplier of technology and services. RBVC invests worldwide in innovative start-up companies at all stages of their development. Its investment activities focus on technology companies working in areas of business of current and future relevance for Bosch, above all, automation and electrification, energy efficiency, enabling technologies, and healthcare systems. RBVC also invests in services and business models as well as new materials that are relevant to the above-mentioned areas of business.

Additional information is available at www.rbvc.com

About Aclima
Aclima has pioneered an entirely new way to measure and analyze air pollution and greenhouse gases, block by block and around the world. The Aclima hardware and software technology platform translates billions of scientific measurements from its network of stationary and roving sensors into environmental intelligence for governments, communities, and businesses. A Public Benefit Corporation, Aclima is dedicated to catalyzing bold action to protect public health, reduce climate-changing emissions and advance equity. The company holds a broad patent portfolio for networked, indoor, wearable, and mobile air quality sensing technologies. Aclima is headquartered in San Francisco with offices in Portland and New York City. For more information please visit www.aclima.io

The Bosch Group is a leading global supplier of technology and services. It employs roughly 400,000 associates worldwide (as of December 31, 2019). The company generated sales of 77.7 billion euros in 2019. Its operations are divided into four business sectors: Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology. As a leading IoT provider, Bosch offers innovative solutions for smart homes, Industry 4.0, and connected mobility. Bosch is pursuing a vision of mobility that is sustainable, safe, and exciting. It uses its expertise in sensor technology, software, and services, as well as its own IoT cloud, to offer its customers connected, cross-domain solutions from a single source. The Bosch Group’s strategic objective is to facilitate connected living with products and solutions that either contain artificial intelligence (AI) or have been developed or manufactured with its help. Bosch improves quality of life worldwide with products and services that are innovative and spark enthusiasm. In short, Bosch creates technology that is “Invented for life.” The Bosch Group comprises Robert Bosch GmbH and its roughly 440 subsidiary and regional companies in 60 countries. Including sales and service partners, Bosch’s global manufacturing, engineering, and sales network covers nearly every country in the world. The basis for the company’s future growth is its innovative strength. Bosch employs some 72,600 associates in research and development at 126 locations across the globe, as well as roughly 30,000 software engineers.

Additional information is available online at www.bosch.com, www.iot.bosch.com, www.bosch-press.com, www.twitter.com/BoschPresse.

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