Berlin, 14.11.2024 – Climate tech startup Reverion has closed a successful $62 million Series A financing round. The round was led by Energy Impact Partners (EIP) and received further significant support from Extantia Capital, a leading investor in decarbonization, as well as from Honda and the European Innovation Council Fund (EIC Fund). Extantia, together with UVC Partners, Green Generation Fund, Doral Energy-Tech Ventures and Possible Ventures, underlines the transformative potential of Reverion's technology for a carbon-negative energy future.
Reverion plans to use the newly raised capital to start serial production of its innovative, reversible power plants, which are characterized by carbon-negativity and high efficiency. The fuel cell-based power plants double the efficiency of power generation compared to conventional gas engines and fully utilize the potential of biogas. In addition, the power plants can generate synthetic methane or green hydrogen when there is excess energy, thus enabling a flexible, grid-stabilizing energy supply. With this technology, Reverion is making a significant contribution to reducing emissions in the energy and biogas industry.
A CMS team led by Dr. Jörg Zätzsch provided Extantia with comprehensive legal advice on this financing round. Investors, start-ups and founders of technology companies regularly rely on the expertise of the Berlin venture capital team.
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