Feedstock derived SAF, polystyrene recycling, and a milestone spherical for Indonesian renewable power: Latest Offers price taking a look at
Agriculture & Meals
NovoNutrients (2017) is a developer of know-how that transforms CO2 into protein merchandise. By means of their know-how, NovoNutrients tailors strains of microbes to digest waste streams with completely different fuel mixes.
NovoNutrients’ July 9th spherical raised $15M in Collection A funding from traders Woodside Power and CM Enterprise Capital. This tranche brings complete Collection A funding to $18M, together with Woodside Power’s earlier contribution of $3M in April of 2023.
The spherical will help building of a pilot plant within the San Francisco Bay space. During the last yr, NovoNutrients has been refining its bioreactor design in preparation for the plant’s completion, utilizing thinner, looper cylinders moderately than bigger tanks to decrease the quantity of power wanted to combine the gases.
Power & Energy
Xurya (2018) gives PV photo voltaic set up, operation and upkeep providers 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 Collection B funding from Norfund – the Norwegian funding fund for growing nations, Swedfund, British Worldwide Funding, and AC Ventures. Xurya is the primary Indonesian renewable power firm to obtain direct funding from each the Norwegian Local weather Funding Fund and Swedfund.
By means of this spherical, Xurya and traders hope to advance the power transition in Indonesia by way of additional growing 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 gas developer working to decarbonize aviation and ocean transport. Their Aurora know-how creates gas 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 Collection A on July 2nd noticed the participation of a lot of traders, together with AP Ventures, Chevron Expertise Ventures, CDP Enterprise Capital, Zeon Ventures, Xora Innovation, TechEnergy Ventures, Doral Power-Tech Ventures, Foothill Ventures, and JetBlue Ventures.
The spherical shall be used to scale up Aether Fuels’ catalysts and course of know-how by way of increasing its R&D infrastructure. Moreover, the funding may also assist to develop 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 said their intention to start growing a pipeline of business scale manufacturing services within the U.S. and Southeast Asia.
Sources & 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 bettering ESG scores to make ESG enhancements in collaboration with third events like ESG consultants. Apiday’s platform at present 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 Collection A funding.
Apiday plans to make use of the capital injection to speed up progress and enhance the corporate’s standing amongst asset administration companies, notably these in Europe. The corporate goals to develop in Europe by way of opening workplaces in Germany and the UK, in addition to rising its crew to 70 workers over the following yr.
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 raise and is the premise for the manufacturing mannequin supposed for superior aerial mobility, air cargo, and medevac missions.
Volant Aerotech raised $13.7M in Collection A funding from Legend Capital on July 5th. This spherical follows Volant’s $14M Collection A raised only one month in the past.
By means of this funding, Volant will speed up its improvement, 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 improvement 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 know-how incorporates processes that take away all contaminants present in plastic compounds, permitting secure recycled content material for use in the identical purposes as virgin resin.
On July 8th, Polystyvert raised $16M in Collection B funding from Earth Foundry, Infinity Recycling, and Swen Capital Companions. Whole Collection 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.