202422 Jan

Press release - Gaia EnviroTech

Summary

A $4.3m commitment has been received from the decarbonisation fund of RFC Ambrian Funds Management (RFM), a prominent and successful technology commercialisation investmentbusiness.The Bioenergy and FOGO waste management sectors are on the cusp of rapid growth, reflecting some key sectoral drivers such as rising carbon credit prices, rising demand for renewable gas and demand for circular economy solutions. Key outcomes from Gaia includes producing renewable biogas, diverting organic waste from landfill and developing customer-orientated modular solutions.Gaias Chief Executive Officer (CEO), Michael Renehan commented that The strategic partnership between Gaia and RFM will benefit from the skills, capabilities and experience of the RFM team such as market knowledge, technology commercialisation experience, plus financing strategies and networks. A classic equation of 1 + 1 = 3.Gaias technology plays a critical role in advancing the circular economy and decarbonisation efforts through the efficient conversion of organic waste to compost, biogas and digestates. The investment from RFC Ambrian Funds Management provides a substantial financial boost and brings valuable strategic insights and industry expertise to Gaia EnviroTech and is a testament to the confidence placed in our vision and capabilities. This partnership will help us to scale our operations and drive innovation in organic waste management, contributing to a more sustainable and eco-friendly future.Gaia EnviroTech is a spin-out from award-winning mining technology company Gekko Systems, a born globalexporter that has been firmly focused on reducing energy consumption and environmental footprint over its27-year history.

Source: Rfcambrian

Funding

$3.4M
Amount
Jan 22 2024
Date
-
Investor
Gaia EnviroTech
Company

Classifications

Companies