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STAX Engineering Secures $40M Funding from Upper90 for Expansion

Jul 17, 2024almost 2 years ago

Contract Type

partnership

Long Beach

Description

STAX Engineering has closed a $40M funding round led by Upper90 to finance the build-out of its fleet of mobile emissions capture and control barges. With increasing demand across container and auto carrier classes and upcoming regulations from the California Air Resources Board, STAX will accelerate its expansion over the next six months.

Company Information

Company

STAX Engineering

Location

Long Beach, California, United States

About

STAX Engineering is a pioneer in maritime emissions capture and control, experiencing exponential growth among port authorities and international shippers.

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