Sunfire raised over €500M in a Series E equity financing round and a term loan by the European Investment Bank to boost the European green hydrogen economy.
Amount Raised
€500 Million
Round Type
Series E
Investors
Description
Sunfire, a German electrolyser manufacturer, announced a Series E equity financing round of €215 million, complemented by a term loan of up to €100 million from the European Investment Bank. In addition, Sunfire has access to approximately €200 million in undrawn grant funding, bringing the total funding to over €500 million. This significant funding will further boost Sunfire's critical role in ramping up the hydrogen economy by installing several gigawatts of electrolysis equipment by 2030 in large-scale green hydrogen projects.
Quick answer
Sunfire raised €500 Million in a Series E round, dated March 5, 2024. Investors: Blue Earth Capital, Amazon Climate Pledge Fund, Carbon Direct Capital, Planet First Partners, Lightrock, Carbon Equity, Ahren Innovation Capital and GIC. Sunfire is based in Dresden, Saxony, Germany.
- How much did Sunfire raise?
- Sunfire raised €500 Million in a Series E round on March 5, 2024.
- Who invested in Sunfire?
- Blue Earth Capital, Amazon Climate Pledge Fund, Carbon Direct Capital, Planet First Partners, Lightrock, Carbon Equity, Ahren Innovation Capital and GIC are named as investors in this round.
- What does Sunfire do?
- Established in 2010 and based in Dresden, Germany, Sunfire is a world-leading industrial electrolysis company with two differentiated technologies.
- Where is Sunfire based and how big is it?
- Sunfire is based in Dresden, Saxony, Germany.
- Who are the decision-makers at Sunfire?
- Fundz holds 1 contact at Sunfire. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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