General Galactic Raises $8M in Seed Funding
Summary
The company intends to use the funds to accelerate the development and deployment of its proprietary Genesis technology, which transforms industrial CO2 waste streams into fossil-free natural gas. General Galactic plans to expand its engineering team to pursue its goal of building commercial fossil-free natural gas generation plants across the globe. Founded by former SpaceX and Varda Space Industries engineers Halen Mattison and Luke Neise, General Galactic develops breakthrough technology for producing fossil-free natural gas and carbon-neutral fuels from waste CO2 emissions. The company’s Genesis system enables critical industries to maintain high-density energy usage while drastically reducing global emissions. The technology targets maritime shipping, agriculture and heavy industry sectors, where carbon reduction requirements and long-term capital investments will demand consistent access to low-emission, high-density fuels.