We’re a $20 million venture fund that is part of the UP.Partners network, focused primarily on investing in the future of transportation and the energy that powers it.
To qualify for our investment, startups commit to building a hub of their business in New Mexico. Doing that unlocks the ability to raise venture capital quicker and easier than possibly anywhere else on the planet. This is unexpected, we know! Read below for more details
Since 2022, over $750 million has been deployed to Tier 1 VCs like Khosla, Lux, Upfront, and At One. That money has to be invested into New Mexico startups, because of stipulations by New Mexico's $58 billion sovereign wealth fund, one of the largest in the nation.
Outside of New Mexico, you compete against thousands of startups for investment from those firms. When UP.Abundance invests in your startup and you commit to building a hub of your business from New Mexico, you’re suddenly competing against only a few dozen startups.
We help your startup get customers by making strategic connections to utilities, renewable energy developers, and Fortune 100 companies throughout the Southwest and the US.
Startups can build out of free, private coworking space in Albuquerque for a year. We also organize exclusive events for startups to meet key stakeholders throughout New Mexico.
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Ranked among the top states for solar, wind, and geothermal potential.
Home to a supportive policy environment fostering sustainable innovation.
Boasts unparalleled access to resources and incentives for climate-focused startups.
This unique environment provides an unmatched opportunity for founders ready to scale impactful technologies.
We’re seeking climate tech companies addressing challenges across energy, transportation, land use, water, and the built environment. Our focus areas include power generation (solar, wind, and geothermal), electricity transmission, energy storage, long-distance trucking, advanced manufacturing (particularly solar), water management, and decarbonizing oil and gas production. Startups should demonstrate scalable potential, innovative solutions, and alignment with UP.Abundance’s mission to drive impactful climate innovation.
We focus on early pre-seed and seed-stage companies ready to accelerate their growth trajectory.
The companies we invest in must have (or plan to have) a principal place of business in New Mexico. We have a great co-working space that is near other startup programs and investors that you can use at no cost. Having a principal place of business in New Mexico also qualifies you for the capital that the New Mexico State Investment Council has deployed in dozens of top-tier VCs. Since each company may have different approaches to creating “a principal place of business” UP.Abundance will work with you to find a way to meet the requirements.
If your company is working on climate tech solutions with transformative potential and could benefit from New Mexico’s unique advantages, we want to hear from you.
If your climate tech startup is tackling the world’s most pressing challenges and you’re ready to scale in a region with unmatched potential for clean energy innovation, we want to hear from you. Apply today to join the UP.Abundance portfolio and accelerate your journey toward meaningful impact.
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