Prometheus
Pulling CO2 from the air to make zero net carbon fuels and cool carbon negative stuff.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor investor investor investor | €0.0 | round |
| investor | €0.0 Valuation: €0.0 | round | |
| N/A | €0.0 | round | |
N/A Valuation: $1.5b | Series B | ||
| Total Funding | 000k | ||
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Prometheus Fuels is an energy company focused on the production of carbon-neutral fuels. The company's core business revolves around a process that captures atmospheric carbon dioxide (CO2) and, using water and electricity from renewable sources, converts it into commercially viable hydrocarbon fuels, including gasoline and jet fuel. This technology positions Prometheus as a key player in the growing market for sustainable energy solutions, directly addressing the transportation sector's significant carbon footprint.
The company's business model is centered on producing and selling these 'electrofuels' as a direct replacement for traditional fossil fuels. By offering a 'drop-in' solution, Prometheus aims to seamlessly integrate its products into the existing fuel infrastructure, serving a broad client base that includes consumers, businesses, and potentially even the aviation industry. The company's revenue is generated through the sale of these fuels. The market for Prometheus's products is substantial, as the global transportation industry is under increasing pressure to decarbonize.
Keywords: carbon capture, electrofuels, sustainable energy, renewable energy, CO2 conversion, hydrocarbon fuels, alternative fuels, decarbonization, climate tech, energy transition