Tech Company Financing Transactions
GeoPura Funding Round
GeoPura, based in Wysall Nottinghamshire, scored $29.2 million from Barclays Sustainable and Impact Banking, General Motors Corporation and Siemens Energy.
Transaction Overview
Company Name
Announced On
9/30/2024
Transaction Type
Debt
Amount
$29,170,000
Round
Undisclosed
Investors
Proceeds Purpose
The company intends to use the funds to help facilitate the manufacture and deployment of over 3,600 hydrogen power units (HPUs) by 2033.
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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