GERMANY – Ineratec, a Karlsruhe, Germany-based e-Fuel company, raised over $129M in Series B funding.
The round was led by Piva Capital with participation from Planet A Ventures, MPC, High-Tech Gründerfonds, FO Holding, Safran Corporate Ventures, Honda, ENGIE New Ventures, HG Ventures, TDK, Copec WIND Ventures, RockCreek, Emerald, and Samsung Ventures.The company intends to use the funds to start the mass production of its industrial-scale Power-to-X plants worldwide and advance the production of e-Fuels made from recycled CO2 and renewable energy. Managed by Philipp Engelkamp, Ingo Katz, Tim Boeltken and Caspar Schuchmann, Ineratec supplies sustainable e-fuels as well as chemical products. Its modular chemical plants for Power-to-X and gas-to-liquid applications use hydrogen from renewable electricity and greenhouse gases such as CO2 to produce e-kerosene, CO2-neutral gasoline, clean diesel or synthetic waxes, methanol or SNG. Founded in 2016, the company has already implemented industrial-scale power-to-liquid plants at German sites to boost the availability of sustainable fuels and chemicals in various transportation sectors, such as aviation. Additionally, Ineratec has begun construction of its largest plant to date in Frankfurt and is expanding through international projects in the Netherlands and Chile. 16/01/2024
