Amogy Secures $139 Million Series B-1 Round Of Funding, Moving The Transportation Industry Closer To Clean Energy
Amount Raised
$139 Million
Round Type
Series B
BrooklynEnergyInvestors
Description
Amogy Inc., a pioneer of emission-free, energy-dense ammonia power solutions, today announced its $139 million Series B-1 fundraising. The round was led by SK Innovation, joined by other global investors including Temasek, Korea Zinc, Aramco Ventures, AP Ventures, MOL PLUS, Yanmar Ventures, Zeon Ventures and DCVC. This funding will enable Amogy to continue its organizational development to support commercialization, begin manufacturing of its innovative ammonia-to-power technology, and bring its first product to market in 2024.
Quick answer
AMOGY raised $139 Million in a Series B round, dated March 22, 2023. Investors: Yanmar Ventures, Dcvc, Zeon Ventures, Yanmar, Mol Plus, AP Ventures, Aramco Ventures and Korea Zinc. AMOGY is based in Brooklyn, New York, United States.
- How much did AMOGY raise?
- AMOGY raised $139 Million in a Series B round on March 22, 2023.
- Who invested in AMOGY?
- Yanmar Ventures, Dcvc, Zeon Ventures, Yanmar, Mol Plus, AP Ventures, Aramco Ventures and Korea Zinc are named as investors in this round.
- What does AMOGY do?
- Amogy is a sustainable energy startup, working on a novel carbon-free energy system using ammonia as a renewable fuel.
- Where is AMOGY based and how big is it?
- AMOGY is based in Brooklyn, New York, United States. Fundz records about 190 employees.
- Who are the decision-makers at AMOGY?
- Fundz holds 2 contacts at AMOGY, including the Executive Officer, Director, Promoter. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Energy around the same time
Companies in the same sectors as AMOGY that raised within 45 days of this round, from Fundz verified event records.
- Redball EnergyCo raised $2M (Seed) on May 5, 2023.
- PennMarc Resources V raised $8.5M on May 4, 2023.
- Enverid Systems, Inc. raised $14M on May 4, 2023.
- Bright Power raised $3M (Seed) on May 4, 2023.
- Odyssey Energy Solutions raised $12M on May 3, 2023.
- SunPower raised $550M (Debt Financing) on May 3, 2023.
Who to call at AMOGY, and when
A new round usually means AMOGY is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day AMOGY raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at AMOGY, from your own LinkedIn network
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Funding Insights
What this usually meansAMOGY raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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