refuel.green receives €1.2 million pre-seed financing | HTGF
Summary
refuel.green receives 1.2 million pre-seed financing for more cost-effective production of fuels from renewable electricity (e-fuels) A total of 1.2 million in fresh capital for particularly innovative technology TGFS Technologiegr\xfcnderfonds Sachsen and two business angels are co-investors Team buildup and first customer project planned for 2023Dresden, January 12, 2023 e-fuels can make a decisive contribution to making the global economy independent of fossil crude oil and at the same time CO -neutral and renewable. The start-up has now closed a 1.2 million pre-seed financing round, led by High-Tech Gr\xfcnderfonds.refuel.greens NextGen-PtX Reactor Unit is currently on the threshold from laboratory to industry. In line with its holistic value proposition, the refuel.green GmbH also supports its customers with consulting on the technically and economically optimal integration of the units into existing production plants or into new projects. Thanks to this overall offer, refineries, for example, can convert their business operations, which are currently dependent on fossil crude oil, to the production of CO -neutral, renewable e-fuels in a particularly competitive manner.https://www.refuel.greenAbout TGFS Technologiegr\xfcnderfonds SachsenTGFS Technologiegr\xfcnderfonds Sachsen is an equity investor for knowledge-based, technology-oriented start-ups in Saxony. In addition, HTGF has already successfully sold shares in more than 160 companies.Fund investors in this public-private partnership include the German Federal Ministry for Economic Affairs and Climate Action, KfW Capital and the Fraunhofer-Gesellschaft along with over 40 companies from a wide range of industries.