Nitricity, a San Francisco, CA-based agtech startup with technology to produce renewable nitrogen fertilizer at point-of-use, closed a $5m seed funding round.
The round was led by Energy Impact Partners with participation from new investor Fine Structure Ventures as well as existing investors including Lowercarbon Capital and MCJ Collective.
The company intends to use the funds to accelerate innovations and recruit top engineering talent in the climate tech and agriculture fields.
Led by Nico Pinkowski, CEO and Co-Founder, Nitricity provides a proprietary system that connects directly to farm hardware and produces fertilizer using only air, water, and electricity. This process has the potential to eliminate 1 gigaton of carbon equivalent per year from carbon dioxide and nitrous oxide.
The system is producing fertilizer on Terranova Ranch in Fresno County, as well as other farms in the region. Additionally, in collaboration with Fresno’s Center for Irrigation Technology, Nitricity is running a functional pilot system that is being used to fertigate processing tomatoes. The company also has a commercial-scale pilot that is being used to fertigate green peppers. Both projects use solar-fertilizer technology to enable an irrigation system to produce and inject its own nitrogen fertilizer compounds.
FinSMEs
12/08/2021