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Danish startup NitroVolt lands €750K to scale up green ammonia production

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: NitroVolt, BackingMinds, Technical University of Denmark

NitroVolt is working towards a solution that will produce green ammonia directly at farms. Now, NitroVolt has raised €750K in a pre-seed round from the Swedish venture firm BackingMinds (backed SNERPA). Previously, the startup received the Breakthrough Energy Fellowship Grant in 2023.

NitroVolt will use the investment to enable a local and cheaper production of ammonia. This is possible with its Nitrolyzer unit, which produces ammonia using only air, water and electricity. The company will use the funds to scale production by a factor of 1,000 and for market expansion.

Read more at TechFundingNews