INERATEC, a developer and producer of synthetic fuels, has raised EUR 118 million (~USD 128.2 million) in a Series B financing round led by US-based Piva Capital. This brings the company's total funding to USD 151.6 million.
The funds raised will be allocated towards fast-tracking the commercialization of CO2-neutral e-Fuels. INERATEC’s goal is to convert 1 GW of renewable energy into 165,000 tons of sustainable e-Fuels by 2030.
Other participants in the round included HG Ventures, TDK Ventures, Copec WIND Ventures, RockCreek, Emerald, Samsung Ventures, ENGIE New Ventures, Safran Corporate Ventures, and Honda.
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