NitroVolt, a Søborg, Denmark-based startup developing green ammonia for farmers, raised €3.5M in Seed funding.
Backers included BackingMinds, EIFO, EQT Foundation, Satgana, and DivisionM.
The company intends to use the funds to build the first on-site container-sized demonstration unit, producing green ammonia from air, water, and clean electricity. The funding will be used to build the first on-site container-sized demonstration unit, producing green ammonia from air, water, and clean electricity.
Led by CEO Suzanne Zamany Andersen, and CTO Mattia Saccoccio, NitroVolt offers a clean, green, and local ammonia production system that gives power to the individual farmers over their own nitrogen-based fertilizer needs. The only input necessary is air, water, and electricity, leading to the synthesis of sustainable ammonia directly at the point-of-use,
in a container-sized system. This is done via a novel electrochemical process that is fast and responsive to intermittent energy sources, and given the input electricity is green, the whole process is sustainable.
FinSMEs
07/11/2024