In the UK, WASE secured £8.5 million to unlock the power of waste. The round was led by Extantia Capital, with participation from Hitachi Ventures, WEPA Ventures, the family venture capital firm of the European multigenerational family business WEPA, and Engie New Ventures, the CVC arm of the global energy company Engie. Other investors include Elbow Beach Capital and Empirical Ventures. The round includes £2.4 million in non-dilutive funding. The round earmarks funds for us to scale operations and execute multi-million pounds of signed contracts and projects with its customers while it builds out its product offering. The investment is crucial in the next stage of our scale-up strategy and the delivery of its proprietary Electro-Methanogenic Reactor (EMR) technology to customers.
Tags: Electro-Methanogenic Reactor tech, UK, WASE
Category: Fuels