INERATEC Raises $129 Million Led by Piva Capital to Usher in the Next Era of Sustainable Mobility

Key Facts

INERATEC, a pioneering e-Fuel company, announced it has raised over $129 million in its Series B funding round, led by Piva Capital with additional participation from HG Ventures, TDK Ventures, Copec WIND Ventures, RockCreek, Emerald, Samsung Ventures as well as the increased support from current investors, including global corporates like ENGIE New Ventures, Safran Corporate Ventures and Honda.
As such, the demand for 'drop-in' e-Fuels, or synthetic fuels for use in combustion engines that require little to no adjustments relative to existing fuel infrastructure, is expected to triple by 2030, reaching $13.6 trillion by 2050, expanding at a CAGR of 19.0% over the forecast period 2023-2050.
"INERATEC's pioneering technology is the most promising e-Fuel solution we've seen to date in addressing the hardest-to-decarbonize sectors such as aviation, shipping, and chemicals," said Adzmel Adznan, Co-founding Partner at Piva Capital.
Founded in 2016, INERATEC has already implemented industrial-scale power-to-liquid plants at German sites to boost the availability of sustainable fuels and chemicals in various transportation sectors, such as aviation.