Amberside Advisors led the equity financing to accelerate green fuel projects across the UK and Europe.
"Renovare Fuels is delighted to be working alongside Amberside Advisors who are leading the investment team, allowing us to unlock a pipeline cutting-edge technology to drive the transport sector’s journey to net zero emissions. Securing this sustained funding will allow Renovare Fuels’ modular technology to be utilised at sites across Europe and beyond, with strong returns on investment as we continue to scale-up this pioneering technology at pace."
The Rotherham-based clean energy startup raised the capital to scale its microwave technology and launch a pilot project.
"Hydrogen is rapidly emerging as a sustainable way to decarbonise the economy, but cost, availability, and other practical issues have held back its use. Our technology offers a way to overcome these and provide clean, low-cost power on-site. For some organisations, Suiso’s on-site hydrogen generation may be the only realistic ‘green’ option – for example, energy-intensive industrial applications such as large boilers or furnaces, heavy lifting gear, or HGV and truck refuelling. This investment will help us move to the next stage on our journey to bring it to market."
The East Midlands clean tech startup raised the capital from ACF Investors to develop its sawdust-to-biochemicals plant.
"The founding sugar scientist, now retired, was inspired by seeing how waste from sugar cane processing was under-valued and often burned. He wanted to extract environmental and economic benefits from such woody biomass waste. Early active shareholders then evolved the concept into our current focus on the sawdust produced from timber operations, giving us a high volume feedstock available in the UK."
The pre-series A round was backed by investors including AlbionVC and Ponderosa Ventures to support UK rollout and international expansion.
"We believe that Mondra’s footprinting solution can not only assist companies in meeting their scope 3 emissions reductions targets but can also support product development teams in improving products to meet the demands of end-consumers. In this way, we expect Mondra to help customers drive both impact and commercial outcomes."