Tech Company Financing Transactions
GeoPura Funding Round
On 2/22/2024, GeoPura secured $70.9 million in funding from Barclays Sustainable and Impact Banking, GM Ventures and Siemens Energy.
Transaction Overview
Company Name
Announced On
2/22/2024
Transaction Type
Venture Equity
Amount
$70,925,000
Round
Undisclosed
Investors
Proceeds Purpose
The financing will directly increase the manufacture and supply of Geopura's Hydrogen Power Units (HPUs) at its Newcastle facility.
Company Information
Company Status
Private & Independent
Industry
Alternative Energy
Mailing Address
Costock Road
Wysall Nottinghamshire, NG12 5QT
UK
Wysall Nottinghamshire, NG12 5QT
UK
Phone
Website
Email Address
Overview
GeoPura was founded to help source enough clean energy to electrify our global economy and navigate the logistical issues of getting this energy to where it is needed. The GeoPura solution uses renewable energy, normally solar PV or wind, to create hydrogen and hydrogen based zero emission fuels. This fuel is then transported to locations where a local generator converts it to electrical power. From start to finish the process is clean and carbon free -- the only by-product is pure water.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Andrew Cunningham
Chief Financial Officer
Derek Bulmer
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Our team works diligently to record every notable VC transaction. VC investment data records reported here are derived from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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