Montreal, November 7, 2022 — Cycle Capital, a leading ClimateTech venture capital firm, welcomes Gerd Goette – former Managing Partner of Siemens Venture Capital – to the investment team as a Venture Partner. Gerd Goette will draw upon his deep domain expertise in energy, transportation and the built environment to identify the next breakthrough ClimateTech companies and grow Cycle Capital’s presence in the United States. Gerd will also continue mentoring high-growth startups at Cycle Momentum, a startup accelerator + innovation engine.

Through leadership roles at Lupine Growth Advisors, Sunverge Energy, BuildingIQ (ASX:BIQ) and, more recently, Rhombus Energy Solutions, a Cycle Capital portfolio company which BorgWarner acquired in July 2022, and his experience as head of the Energy Practice at Siemens Venture Capital, Gerd has developed a strong understanding of the ClimateTech sector and the impact emerging technologies can have in accelerating the transition to a net-zero economy.

Alongside his three decades of professional experience, Gerd has held various strategic advisory positions at 60 Hertz, Arukona, ClimateCapex, EPRAS, NeoCTech, ReWatt Power and SkyCentrics and serves on the Investor Advisory Board of the National Renewable Energy Laboratory (NREL), and the Investment Committees of the Clean Energy Finance Corporation’s Innovation Fund (CEFC) and Evergreen Climate Innovations (f.k.a. Clean Energy Trust, CET).

“Gerd is well known for his extensive leadership and executive experience in scaling innovative startups and positioning companies for success,” says Andrée-Lise Méthot, Founder and Managing Partner of Cycle Capital. “Goette’s background will help advance our team’s work to identify high-quality ClimateTech investment opportunities and provide our portfolio companies with additional resources to develop long-term sustainable business models, notably in the United States.”

Gerd is based in the San Francisco Bay area and received a master’s degree in electrical engineering (Dipl. Ing.) from Technical University in Darmstadt, Germany.