Feedstock derived SAF, polystyrene recycling, and a milestone spherical for Indonesian renewable vitality: Current Offers price taking a look at
Agriculture & Meals
NovoNutrients (2017) is a developer of expertise that transforms CO2 into protein merchandise. Via their expertise, NovoNutrients tailors strains of microbes to digest waste streams with completely different fuel mixes.
NovoNutrients’ July 9th spherical raised $15M in Sequence A funding from traders Woodside Vitality and CM Enterprise Capital. This tranche brings whole Sequence A funding to $18M, together with Woodside Vitality’s earlier contribution of $3M in April of 2023.
The spherical will assist building of a pilot plant within the San Francisco Bay space. Over the past 12 months, NovoNutrients has been refining its bioreactor design in preparation for the plant’s completion, utilizing thinner, looper cylinders slightly than bigger tanks to decrease the quantity of vitality wanted to combine the gases.
Vitality & Energy
Xurya (2018) supplies PV photo voltaic set up, operation and upkeep companies for industrial and industrial buildings. Xurya is the primary Indonesian firm to supply photo voltaic leases with out their preliminary prices and incorporate machine studying into photo voltaic administration and distant photo voltaic operations.
On July 3rd, Xurya raised $55M in Sequence B funding from Norfund – the Norwegian funding fund for creating international locations, Swedfund, British Worldwide Funding, and AC Ventures. Xurya is the primary Indonesian renewable vitality firm to obtain direct funding from each the Norwegian Local weather Funding Fund and Swedfund.
Via this spherical, Xurya and traders hope to advance the vitality transition in Indonesia by way of additional creating the corporate’s choices. Their efforts have resulted in an elevated adoption of rooftop photo voltaic for the industrial and industrial industries.
Supplies & Chemical substances
Aether Fuels (2022) is a sustainable gasoline developer working to decarbonize aviation and ocean transport. Their Aurora expertise creates gasoline from any feedstock that may be transformed to CO, CO2, CH4, or H2, together with captured carbon dioxide, industrial waste gases, biogas, gasified municipal stable waste and waste biomass.
Aether Fuels’ $34M Sequence A on July 2nd noticed the participation of quite a lot of traders, together with AP Ventures, Chevron Expertise Ventures, CDP Enterprise Capital, Zeon Ventures, Xora Innovation, TechEnergy Ventures, Doral Vitality-Tech Ventures, Foothill Ventures, and JetBlue Ventures.
The spherical will likely be used to scale up Aether Fuels’ catalysts and course of expertise by way of increasing its R&D infrastructure. Moreover, the funding may even assist to increase and speed up the development of a totally built-in 100 gallon-per-day (gpd) take a look at manufacturing plant. Aether, in collaboration with choose strategic companions, has acknowledged their intention to start creating a pipeline of business scale manufacturing services within the U.S. and Southeast Asia.
Assets & Environmental Administration
Apiday (2021) is an ESG platform developer. Their platform collects all ESG information in a single place, automating ESG reporting and certification processes and enhancing ESG scores to make ESG enhancements in collaboration with third events like ESG consultants. Apiday’s platform at the moment targets non-public fairness funds and blue-chip corporations needing to trace and pilot sustainability practices.
On July 8th, Apiday raised $10.88M from AENU, Dapni, and Gallion.exe in Sequence A funding.
Apiday plans to make use of the capital injection to speed up development and enhance the corporate’s standing amongst asset administration companies, significantly these in Europe. The corporate goals to increase in Europe by way of opening places of work in Germany and the UK, in addition to rising its workforce to 70 staff over the subsequent 12 months.
Transportation & Logistics
Volant Aerotech (2021) is an eVTOL plane developer. Its verification plane, the VE25, is a full-scale passenger eVTOL that includes eight VTOL propellers for carry and is the idea for the manufacturing mannequin meant for superior aerial mobility, air cargo, and medevac missions.
Volant Aerotech raised $13.7M in Sequence A funding from Legend Capital on July 5th. This spherical follows Volant’s $14M Sequence A raised only one month in the past.
Via this funding, Volant will speed up its growth, manufacturing, and testing of three fashions of eVTOL plane. Particularly, Volant will use the capital to check flight and testing of the VE25 verification plane, additional analysis and growth and manufacturing of the product plane AC101 and dealing in the direction of the airworthiness certification of the VE25-100.
Waste and Recycling
Polystyvert (2011) is a developer of options for recycling polystyrene. Their expertise incorporates processes that take away all contaminants present in plastic compounds, permitting secure recycled content material for use in the identical functions as virgin resin.
On July 8th, Polystyvert raised $16M in Sequence B funding from Earth Foundry, Infinity Recycling, and Swen Capital Companions. Complete Sequence B funding is focused at $30M, with a second tranche of funding offering one other alternative for traders to take part.
The corporate plans to make use of a part of the funding to additional diversify its mental property portfolio, which incorporates greater than 40 patents with worldwide protection. The spherical pushes Polystyvert nearer to industrial-scale commercialization and the development of its first industrial financial institution in Quebec.
