WAVE Equity Partners
- Company typePrivate
- Founded2013
- HeadquartersBoston, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
WAVE Equity Partners firmographics
Firmographics- Name
- WAVE Equity Partners
- Legal name
- WAVE Equity Partners LLC
- Website
- https://waveep.com
- Company type
- Private
- Founded year
- 2013
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
WAVE Equity Partners industry classification
Industry- Product category
- Growth Equity Investment Management
- NAICS
- Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394), Other Investment Pools and Funds (5259)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Energy & Sustainability / Climate Growth Equity (FSANACAG)
- akta.pro secondary industry
- Technology & Software Growth Equity (FSANACAA)
Keywords
Where WAVE Equity Partners is headquartered
LocationHeadquarters
- HQ city
- Boston
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
WAVE Equity Partners business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Others
Revenue model
- Investment Management Fees: WAVE Equity Partners generates revenue through management fees and carried interest from its institutional funds. Currently investing out of its third institutional fund.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Multi-year contract | Institutional fund investment |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels6 records
WAVE Equity Partners product offering
Product offeringCore offering
WAVE Equity Partners is a Boston-based growth equity investment firm that partners with early-growth companies whose proven clean technologies deliver environmental benefits and bottom-line impact for large industrial manufacturers. The firm invests from its institutional funds (currently a third fund with ~$460M AUM) into a concentrated portfolio across climate-critical sectors such as carbon capture, water treatment, solid-state batteries, food safety, grid intelligence, clean combustion, indoor agriculture, and cold-chain logistics, allocating meaningful upfront capital without co-investors.
Product overview
WAVE Equity Partners is a growth equity investment firm that does not offer a unified software product; instead, it provides investment partnership services to early-growth companies developing clean technologies. The firm partners with founders and operational teams to help scale companies to over $100M in revenues, focusing on industrial sustainability solutions. WAVE's investment strategy encompasses a concentrated portfolio of companies across sustainability sectors including renewable energy optimization (WindESCo), water treatment (Gradiant), solid-state batteries (Factorial), carbon capture (Carbon Clean), food safety technology (Novolyze), and other clean technology verticals. Rather than a product platform architecture, WAVE's 'offerings' represent its investment approach and its portfolio of 14 portfolio companies that deliver ESG impact in energy, water, waste management, and industrial efficiency.
Differentiator
Problem solved
Functional benefit
Products and services
- WAVE Equity Partners Investment Services
Quantifiable outcome
- Gradiant exited in March 2024 for 2.8x return on investment
- +1 more outcomes
Companies that use WAVE Equity Partners
Customer profileNamed customers5 records
Segments3 records
Ideal customer profiles2 records
WAVE Equity Partners technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability10 records
Feature2 records
WAVE Equity Partners partnerships and signals
Strategic signalPartnerships
18 partnerships are on record, tiered core, major, strategic and regional.
- POSCO Future McorePOSCO Future M and Factorial signed MOU for development of all-solid-state battery technology. The partnership focuses on developing cathode and anode materials for next-generation batteries for EVs, robotics, energy storage systems. POSCO Future M is the only company in Korea that produces both cathode and anode materials.
- SAMSUNG E&AcoreCarbon Clean and SAMSUNG E&A formed an innovative alliance to accelerate global deployment of carbon capture solutions. The partnership combines Carbon Clean's CycloneCC technology with SAMSUNG E&A's deep EPC expertise and AHEAD execution model to deliver compact, pre-fabricated carbon capture systems that can be deployed faster, at lower cost, and with minimal site disruption. The alliance builds on existing partnerships with Aramco and MODEC.
- Engine Manufacturers and OEMs (MayMaan ecosystem)coreMayMaan offers drop-in combustion platform for engine manufacturers with field validation and engineering support. The company also provides licensing access to AquaStroke technology for distributors and strategic partners to initiate production through certified OEMs.
- Navi Mumbai Global Innovation Centre PartnersmajorCarbon Clean opened its new Global Innovation Centre (GIC) in Navi Mumbai, India spanning 77,121 square feet. The GIC houses two carbon capture plants alongside state-of-the-art laboratories for solvent development, analysis, and testing. The facility will house over 100 employees with capacity to expand to 350.
- Avidrone AerospacestrategicFactorial shipped first solid-state lithium-metal battery cells to Avidrone Aerospace for drone deployment. Avidrone will integrate Factorial's FEST cells into high-endurance cargo drone platform for demonstration flights. Initial modeling suggests FEST technology could double drone range.
- Thomas Broadbent and SonscoreThomas Broadbent and Sons manufactured the Rotating Packed Bed (RPB) for Carbon Clean's CycloneCC C1 technology at commercial scale in the UK. The partnership exemplifies UK manufacturing capabilities for large-scale carbon capture deployment.
- StellantiscoreStellantis and Factorial reached key milestone in solid-state battery development with validation of 77Ah FEST cells achieving 375Wh/kg energy density with over 600 cycles. Stellantis invested $75 million in Factorial in 2021 and plans demonstration fleet by 2026.
- Oracle UtilitiescoreMICATU collaborating with Oracle Utilities to develop and test grid resiliency solutions leveraging certusEDGE platform with Oracle's Network Management System (NMS) and AI capabilities. Portland General Electric and National Grid are participating in the development work group.
- Shamus M. Hurley (New CEO)coreIntellihot appointed Shamus M. Hurley as new CEO to lead next phase of profitable growth. Under new leadership, the company will moderate pace of investment in innovation and step up capital allocation to monetize multi-year R&D investment while leveraging regulatory tailwinds from DOE's 2026 gas mandate.
- SSAregionalSSA appointed as exclusive Intellihot Manufacturer's Representative for Central Florida region. SSA will provide engineering demonstrations, technical assistance, and sales services for Intellihot's water heating products in the commercial and industrial markets.
- Mercedes-BenzcoreMercedes-Benz and Factorial developed Project Solstice, a dry-cathode method for assembling solid-state batteries. They also developed a prototype EQS equipped with solid-state battery achieving 620 miles range - claimed as world's first solid-state battery vehicle from a global OEM.
- Mativ HoldingscoreCHASM exclusively licensed AgeNT Silver Nanowire and CNT hybrid performance film technology to Mativ for transparent heating solutions in advanced glass and window applications across architectural, military, and transportation segments. Mativ is a global leader in specialty materials.
- Estidamah (National Research and Development Center for Sustainable Agriculture)regionalLiving Greens Farm partnered with Estidamah for pioneering agricultural techniques including tissue culture, aeroponics, and vertical farming. This partnership supports Saudi Arabia's sustainable agriculture goals.
- BioCareregionalBioCare partnered with AeroSafe Global to launch sustainable cold chain solutions using AeroSafe's state-of-the-art insulated packaging. Partnership aims to cut carbon emissions by 65%, reduce landfill waste by 90%, and achieve 98.6% return rate on packaging.
- Ørsted FlagshipONEcoreCarbon Clean achieved fabrication milestone on Ørsted's FlagshipONE project, Europe's largest commercial-scale eMethanol facility. Carbon Clean's technology will capture 70,000 tonnes of biogenic CO2 per year for the facility in Örnsköldsvik, Sweden.
- LG ChemcoreFactorial and LG Chem signed MOU to accelerate development of solid-state battery materials. The collaboration leverages Factorial's proprietary battery material and process technology with LG Chem's battery material capabilities to strengthen cooperation in next-generation battery materials.
- ABB Motion, System DrivesstrategicWindESCo partnered with ABB Motion for integration of electrical system analytics into Pulse platform. ABB believes Pulse will make meaningful impact by solving difficult issues affecting wind project output and operating expenses.
- Liberty Coca-Cola BeveragescoreNovolyze partnered with Liberty Coca-Cola to digitize Food Safety and Quality (FSQ) program across three plants. Novolyze's platform provides real-time insights, strengthens FSSC compliance, boosts efficiency, and enables data-driven decision making.
Scale indicators3 records
Recent moves7 records
Expansion highlights5 records
WAVE Equity Partners competitors and assessment
Company assessmentDirect peers
- Energy Impact Partners: Energy Impact Partners is a growth-equity and venture firm investing across the energy transition with a similar industrial-climate focus. It is directly comparable to WAVE given its overlapping mandate in decarbonization, grid, and industrial efficiency, similar fund size, and partnerships with utilities and corporates.
- Galvanize Climate Solutions: Galvanize Climate Solutions is a climate-focused growth-equity firm deploying capital into industrial decarbonization and clean energy. It is comparable to WAVE in mandate (climate growth equity, industrial transformation) and stage (early-growth companies scaling to commercial scale).
- Generate Capital: Generate Capital is a sustainable infrastructure and climate-growth investor financing companies that decarbonize industry. It is comparable to WAVE for its focus on transforming incumbent industrial sectors and providing growth capital to climate-scaling businesses.
- Spring Lane Capital: Spring Lane Capital is a growth-equity firm focused on sustainable wood, energy, and climate-related industrial businesses. It is comparable to WAVE in its growth-stage climate mandate, focus on physical-asset / industrial decarbonization, and emphasis on transforming incumbent industries.
Emerging players
- Prelude Ventures: Prelude Ventures is a multi-stage climate-tech venture and growth investor focused on decarbonization solutions. It is comparable to WAVE in its climate mandate and growth-stage orientation, though typically invests earlier and at smaller check sizes.
- Obvious Ventures: Obvious Ventures is a venture firm focused on companies addressing planetary and societal challenges including climate. It is comparable to WAVE in its climate/sustainability mandate and growth orientation, though typically operates at venture rather than growth-equity stage.
- Clean Energy Ventures: Clean Energy Ventures is an early-growth venture capital firm investing in climate-tech startups. It is comparable to WAVE in its climate-tech mandate and growth-stage orientation, though typically invests earlier and at smaller check sizes than WAVE's growth-equity approach.
Broad incumbents
- TPG Rise Climate: TPG Rise Climate is the dedicated climate strategy of TPG's global impact platform, investing across decarbonization and clean energy. It is comparable to WAVE in climate mandate and growth-equity orientation but operates at materially larger fund scale and broader sector mandate.
- Breakthrough Energy Ventures: Breakthrough Energy Ventures is Bill Gates-backed climate-tech fund investing across energy, industry, transportation, and buildings. It is comparable to WAVE in industrial climate-tech focus but operates earlier-stage (Series A) and at significantly larger fund scale.
- Khosla Ventures: Khosla Ventures has one of the largest climate-tech practices among venture firms, investing across energy, industry, and sustainability. It is comparable to WAVE in industrial climate-tech focus, though operates at venture stage with a much broader technology mandate and larger fund sizes.
Market position
Strengths5 records
Weaknesses4 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
WAVE Equity Partners social profiles
Digital presenceWAVE Equity Partners financial estimates
Financial estimateRevenue estimate
Valuation estimate
WAVE Equity Partners leadership team
Management profileNumber of profiles
Profiles20 records
WAVE Equity Partners funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
WAVE Equity Partners M&A and investment
M&A and investmentM&A
Investments24 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about WAVE Equity Partners
What does WAVE Equity Partners do?
WAVE Equity Partners is a Boston-based growth equity investment firm that partners with early-growth companies whose proven clean technologies deliver environmental benefits and bottom-line impact for large industrial manufacturers. The firm invests from its institutional funds (currently a third fund with ~$460M AUM) into a concentrated portfolio across climate-critical sectors such as carbon capture, water treatment, solid-state batteries, food safety, grid intelligence, clean combustion, indoor agriculture, and cold-chain logistics, allocating meaningful upfront capital without co-investors.
Is WAVE Equity Partners a public or private company?
WAVE Equity Partners is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was WAVE Equity Partners founded?
WAVE Equity Partners was founded in 2013. It employs 11 to 50 people.
Where is WAVE Equity Partners based?
WAVE Equity Partners is headquartered in Boston, United States, in the North America region.
How does WAVE Equity Partners make money?
One revenue line is on record: investment Management Fees.
Who are WAVE Equity Partners's main competitors?
Direct peers on record are Energy Impact Partners, Galvanize Climate Solutions, Generate Capital and Spring Lane Capital. Emerging players are Prelude Ventures, Obvious Ventures and Clean Energy Ventures. Broad incumbents are TPG Rise Climate, Breakthrough Energy Ventures and Khosla Ventures.
Does WAVE Equity Partners have an API?
No public API is recorded for WAVE Equity Partners.
What industry is WAVE Equity Partners in?
WAVE Equity Partners's product category is Growth Equity Investment Management. Its primary akta.pro industry code is FSANACAG, Energy & Sustainability / Climate Growth Equity, with a secondary code of FSANACAA, Technology & Software Growth Equity. Its NAICS code is 523940 and its SIC code is 6282.