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▤ Summary

NitroVolt Secures Funding To Further Scale Its Technology Danish startup NitroVolt has announced a significant pre-seed investment of 750,000 from Swedish venture capital firm BackingMinds. This investment aims to support the development and scaling of NitroVolts Nitrolyzer unit, a groundbreaking technology designed to produce ammonia in a more environmentally friendly manner. Suzanne Zamany Andersen, CEO & Co-founder of NitroVolt, emphasized the transformative potential of their technology: Our technology makes it possible to produce ammonia locally and puts the end user in control of the production. This means that the production becomes resilient to supply chain volatility and green simultaneously something that doesnt exist on the market today. During 2024, we expect to increase our green ammonia output production by a factor of 1,000!

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Amount - Total raised
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Date December 3, 2024 Announcement date
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Investors - Lead investors
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Company https://thefirstelement.co/ Funded company

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