NitroVolt, a Copenhagen, Denmark-based small-scale ammonia synthesis firm targeted on the agricultural sector, raised €750K in Pre-Seed funding.
The spherical was led by BackingMinds.
The corporate intends to make use of the funds to scale manufacturing and increase its enterprise attain.
Led by CEO Suzanne Zamany Andersen, and CTO Mattia Saccoccio, NitroVolt is growing a small-scale ammonia synthesis unit to present farmers management over fertilizer manufacturing. The product will likely be a container-sized system, combining solely air, water, and renewable electrical energy. Its purpose is to decarbonized nitrogen-based fertilizer manufacturing one farm on the time, minimize the logistic prices of distributing fertilizer, and make the agricultural sector extra resilient to exterior elements and political points.
Commenting on the information, Suzanne Zamany Andersen stated: “Our know-how makes it doable to supply ammonia domestically and places the tip person accountable for the manufacturing. This implies that the manufacturing turns into resilient to produce chain volatility and inexperienced on the identical time – one thing that doesn’t exist available on the market immediately.”
FinSMEs
06/03/2024
