Airex Energy Closes $38M in Funding

▤ Summary

Airex Energy, a Montreal, Canada-based company that develops and delivers decarbonization solutions, raised $38M in funding. The round was led by Cycle Capital, with participation from Investissement Québec, Desjardins-Innovatech, and Export, Development Canada (EDC). Led by CEO Michel Gagnon, Airex Energy develops and delivers decarbonization solutions having the capacity to significantly reduce GHG emissions. CarbonFX, its proprietary technology, transforms biomass into environmentally friendly products such as biochar, biocoal and biocarbon. Other initiatives include the conclusion of agreements in Quebec’s biocarbon and Asia’s biocoal sector, as well as continuous improvements in the underlying technology.

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