Rivan, a London, UK-based carbon utilization company, raised £10M in funding.
The round was led by Plural, with participation from 20VC, NFDG (Nat Friedman and Daniel Gross), and angel investors Patrick and John Collison (Stripe).
The company intends to use the funds for accelerate the R&D on its electrolyser, direct-air-capture (DAC) and Sabatier reactor modules, as well as scaling its pilot plant up to 1MW.
Founded by Harvey Hodd, Rivan designs and manufactures modular synthetic fuel plants that are vertically integrated with off-grid solar power and use carbon captured from the air and hydrogen produced by splitting water to create chemically identical, decarbonised fuels.
This system demonstrates cost-effective, grid-specification SNG production with only air and water as inputs.
The company has deployed a 100kW pilot plant at a decommissioned military base in the UK. It is now aiming to scale the site to 1MW, while improving performance, enhancing integration and reducing manufacturing costs, ahead of larger commercial deployments in 2026.
FinSMEs
21/05/2025