refuel.green, a Dresden, Germany-based startup that is developing technology that can reduce the production cost of e-fuels, closed a €1.2m pre-seed financing round.
The round was led by High-Tech Gründerfonds.
The company intends to use the funds to expand the team and its development efforts.
Led by Sebastian Becker, Co-Founder & CEO, refuel.green is advancing the “NextGen-PtX Reactor Unit,” which is currently on the threshold from laboratory to industry. As early as 2023, the first prototype is expected to produce the first liters of e-fuels in a European refinery. From 2024, scaled prototypes with higher production output and efficiency will follow. The start of series production of the “NextGen-PtX Reactor Unit” is planned for the end of 2025.
Customers will include refineries and chemical companies that are still dependent on fossil crude oil.
FinSMEs
23/01/2023