[Live @ Supercluster] #2: Investing in industrial green tech with Marc Lechantre (Axeleo)

[Live @ Supercluster] #2: Investing in industrial green tech with Marc Lechantre (Axeleo)

Author: Hugo Rauch December 14, 2025 Duration: 35:53

🌊 Marc Lechantre on industrial decarbonization.

We’re joined by Marc Lechantre, Partner at Axeleo Capital’s Green Tech Industry Fund. After 15 years in the automotive industry, Marc now backs the founders building the factories, materials, and energy systems that actually move the climate needle.

In this episode, we dive into industrial climate tech, and unpack what it really takes to finance, scale, and de-risk hardware-first startups in Europe.

We covered:

→ Why software alone won’t solve climate change

→ The real funding gap in industrial climate tech

→ How to de-risk industrial investments

→ Why Europe still has a shot at re-industrialization

→ What VCs often miss about hardware risk, and why it’s different, not worse

→ Why “green premiums” are over, and climate solutions must now win on cost

→ What investing actually looks like when you’re building physical infrastructure



This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit newwavenewsletter.substack.com

Hugo Rauch hosts New Wave, a podcast that lives at the intersection of business ambition and scientific reality. This isn't about distant predictions or abstract science; it's a grounded exploration of the technologies and companies being built right now to address our environmental future. Each episode focuses on the practical journey, dissecting the models, the breakthroughs, and the hard decisions that define the climate tech landscape. You'll hear from founders, researchers, and investors who are actively shaping this space, getting into the specifics of what works, what doesn't, and why. The conversations move beyond hype to examine the tangible mechanics of creating viable solutions, from energy storage and sustainable materials to carbon removal and regenerative agriculture. It’s for anyone who thinks about the climate challenge not just as a crisis, but as a complex and urgent field of innovation. By tuning into this podcast, you gain a clearer understanding of the economic forces and scientific principles driving the next generation of environmental solutions. New Wave connects the dots between the lab, the boardroom, and the impact we need to see in the world, offering a sober yet optimistic look at where substantive progress is truly being made.
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