BlackRock Invests $50 Million in Hydropanel Startup Zero Mass


Blackrock is making good on its pledge to focus more on sustainability by leading a $50 million Series C1 round for Zero Mass Water, which makes hydropanels that collect water from the atmosphere.


Duke Energy (Ticker: DUK) also participated in the round which saw both Breakthrough Energy Ventures and Material Impact Fund reinvest. So far, Zero Mass has raised a little over $100 million, including the current $50 million injection, according to CEO and Founder Cody Friese. BlackRock (BLK) will have a minority stake in the company, executives said.


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