Exciting News from CTE Member, Mote!
Mote has secured $7 million in the first close of its Series A funding round! This milestone marks a significant step forward in advancing their groundbreaking carbon-negative biomass-to-energy technology, paving the way for a cleaner, more #sustainable future. ??
As Mote continues to scale, they’re actively seeking to raise an additional $8 million to close out the Series A round. If you’re interested in hydrogen, biogenic CO2, carbon dioxide removal (CDR) offtake opportunities, or investment opportunities, reach out to Mote at?[email protected].
Today we announce the first close of our Series A financing round at $7 million. The raise is significant in advancing technology needed for domestic energy expansion, and doing so while removing CO2?from the air. Our investors support Mote’s technology leadership in BiCRS and our path toward deployment in markets where we will have the most impact in reducing waste, wildfire risk, and filling gaps in energy availability.
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Many thanks to our committed team and anchor investors Nella Next, Tom Preston-Werner at Preston-Werner Ventures with support from Counteract and other strategic partners, and prior funding from USDA Forest Service, U.S. Department of Energy (DOE), California Department of Conservation and California Department of Forestry and Fire Protection (CAL FIRE).
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#ARCHES #Hydrogen #BiCRS #RenewableEnergy #GreenHydrogen #BiomassEnergy #HydrogenEconomy