Mote, a Los Angeles, CA-based technology company which specializes in carbon-negative energy production, announced the first close of its Series A funding round, securing $7M.
The round was led by Nella Next and Preston-Werner Ventures, including Counteract and others. This first phase was part of a targeted $15M Series A funding round.
The company intends to use the funds to advance its first commercial-scale facility, expand its engineering capabilities, and accelerate strategic partnerships across the hydrogen, forestry, and energy sectors.
Led by Joshuah Stolaroff, CEO, Mote has developed biomass carbon removal and storage (BiCRS) technology that converts underutilized woody waste into hydrogen and other forms of energy while sequestering COā, strengthening grid resilience, energy security, and domestic supply chains. The technology has applications across agricultural and forestry sectors to transform waste into clean energy and to permanently remove carbon.
Moteās BiCRS process is spun out of research at Lawrence Livermore National Laboratory and has received support from the U.S. Department of Energy, CalFire, the U.S. Forest Service and other agencies.
FinSMEs
05/03/2025