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Antora Energy Raises $150 Million to Slash Industrial Emissions and Spur U.S. Manufacturing

Feb 22, 2024almost 2 years ago

Amount Raised

$150 Million

SunnyvaleNatural ResourcesEnergySustainability

Investors

Grok VenturesOverture VcBhp VenturesBreakthrough Energy VenturesLowercarbon CapitalTrust VenturesNext Era Energy Resources, LlcThe Nature ConservancyGs FuturesEmerson CollectiveDecarbonization Partners

Description

Antora Energy raised a $150 million Series B funding round led by Decarbonization Partners, with participation from Emerson Collective, GS Futures, The Nature Conservancy, a subsidiary of NextEra Energy Resources, LLC, Trust Ventures, Lowercarbon Capital, Breakthrough Energy Ventures, BHP Ventures, Overture VC, and Grok Ventures. The funding will enable Antora to ramp up production of its factory-made thermal batteries to deliver zero-emissions energy to industrial customers.

Company Information

Company

Antora Energy

Location

Sunnyvale, California, United States

About

Antora is transforming industrial energy with its factory-built thermal batteries that store and deliver reliable, low-cost, and zero-carbon heat and power for industrial operations of any scale. Based in the United States, Antora is driven by a mission to decarbonize industry and build a future where every facility worldwide runs on abundant, clean energy—powered by a diverse and passionate team that values collaboration, innovation, and purpose.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech