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Clearflame Engine Technologies Raises $30 Million In Series B Funding

Mar 09, 2023over 2 years ago

Amount Raised

$30 Million

Round Type

series b

GenevaOther

Investors

Clean Energy VenturesJohn DeereMercuriaBreakthrough Energy Ventures

Description

Chicago-based ClearFlame Engine Technologies has raised $30 million in Series B funding to bring to market innovative solutions that power heavy-duty engines with clean, renewable fuels and create a viable business solution to reduce carbon and soot.

Company Information

Company

ClearFlame Engine Technologies

Location

2633 Kaneville Court

Geneva, Alabama, United States

About

ClearFlame Engines is a startup company based in Chicago, IL. The ClearFlame technology enables heavy-duty engine manufacturers to produce engines at lower cost, while simultaneously providing their customers with higher performance and fuel cost savings. We're breaking the paradigm that ties heavy engines to petroleum fuels by 'taking the Diesel out of the Diesel engine'​. Our engine modification enables Diesel engines to run on cleaner burning, sootless fuels in the most efficient manner, unlocking benefits in cost savings, performance, and air quality. We view our technology as being applicable wherever Diesel engines are used - including big markets like heavy duty transportation and distributed power generation, as well as marine, agriculture, construction, mining, and locomotive applications. We'd love to hear from you if you want to learn more about the technology, have an interest in joining the team, or are interested in partnering with us to demonstrate, deploy, and scale our technology. Contact: info@clearflameengines.com

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Funding Insights

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VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
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