ClearFlame Engine Technologies raises $30M in series B funding

New investors, including mining corporation Rio Tinto, and WIND Ventures, the strategic venture arm of Copec, one of Latin Americas leading mobility and energy companies, see ClearFlame as part of a holistic suite of strategies to advance environmental, social and governance (ESG) goals. This latest investment round can accelerate us from pilot to proven product in multiple markets, starting with long-haul trucks.” The company’s patented technology runs on a range of renewable liquid fuels. It can efficiently adapt to markets like long-haul trucking, offering the same power, durability and performance as today’s diesel engines while readily integrating into existing manufacturing, fueling, maintenance and repair ecosystems. “Mercurias strategic investment in ClearFlames technology reflects the companys continued commitment to renewable fuels as part of the energy transition and its belief that ClearFlames technology can economically decarbonize the heavy-duty industry by utilizing the existing liquid fueling infrastructure.” “The diesel engine is the backbone of heavy industry and its advantages make it hard for clean alternatives to compete,” said Carmichael Roberts, Breakthrough Energy Ventures. The mining sector is a heavy user of diesel fuel and ClearFlame’s technology can likely enable a rapid transition to methanol fuel for lower carbon emissions while maintaining diesel-like performance.” Johnson and ClearFlame Chief Technology Officer and co-founder Julie Blumreiter dedicated their doctoral research at Stanford University to finding solutions to mitigate climate change and achieve carbon reduction goals by freeing heavy-duty diesel engines from their reliance on fossil fuels.