Tech Company Financing Transactions
NitroVolt Funding Round
NitroVolt, operating out of Søborg, secured $3.7 million from BackingMinds, EIFO and EQT Foundation.
Transaction Overview
Company Name
Announced On
11/7/2024
Transaction Type
Venture Equity
Amount
$3,700,000
Round
Seed
Proceeds Purpose
The funds will be used to build a container-sized demonstration unit that produces green ammonia from air, water, and clean electricity. This innovative system aims to provide farmers with a sustainable and local source of nitrogen-based fertilizer.
Company Information
Company Status
Private & Independent
Industry
Manufacturing
Mailing Address
c/o Alfa Laval Innovation House Maskinvej 5
Søborg, DK-2860
Denmark
Søborg, DK-2860
Denmark
Phone
Undisclosed
Website
Email Address
Overview
NitroVolt, is developing a small-scale ammonia synthesis unit, to give farmers control over fertilizer production. We will do so through our patent-pending electrochemical process. Our aim is to decarbonized nitrogen-based fertilizer production one farm at the time, cut the logistic costs of distributing fertilizer, and make the agricultural sector more resilient to external factors and political issues.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Suzanne Andersen
Chief Technical Officer
Mattia Saccoccio
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