Pava Partners is pleased to announce that we advised Ineratec, a pioneering e-Fuel company located in Karlsruhe, on its $ 129 million Series B growth financing round. We advised Ineratec jointly with TD Cowen, a Division of TD Securities.

The funding round has been 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.

The new capital will be used to start the mass production of Ineratec’s industrial-scale Power-to-X plants worldwide and advance the production of e-Fuels made from recycled CO2 and renewable energy. Additionally, Ineratec has begun construction of its largest plant to date in Frankfurt and is expanding through international projects in the Netherlands and Chile.

RENEWABLE ALTERNATIVES NEEDED FOR HARD-TO-ABATE SECTORS

Every year, more than 4,000 million tons of fossil crude oil are processed into fuels and chemical products. Much of the demand comes from hard-to-abate industries, such as aviation, shipping, and the chemical industry. These sectors currently rely heavily on fossil fuels and are desperately seeking renewable alternatives to achieve carbon-neutral goals. 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.

INERATEC’S PIONEERING TECHNOLOGY

Ineratec is poised to lead this shift and drive the future of transportation and energy. Its technological advancement is a scalable patented technology that enables the production of ‘drop-in’ e-Fuels. The company was recently selected as Top Innovator by UpLink, the Innovation platform of the World Economic Forum.

Ineratec’s expansion will yield a 1,500 x increase in production, recycling over 12,000,000 metric tons of CO2 annually – the equivalent of what 1.125.000.000 trees would store. Beyond that, the technology will be implemented globally – wherever CO2 and renewable energy are available.

EXPANDING GLOBAL FOOTPRINT 

“This financing round is a major milestone for Ineratec as well as the transition from fossil fuels to sustainable e-Fuels,” said Tim Boeltken, CEO of Ineratec. “With the new capital, we are positioned to catalyze a paradigm shift in the energy sector. Our focus is to scale-up e-Fuels enabled by this new investment.” 

“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. “The company is doing more than just creating e-Fuels; their proprietary reactors are more efficient and scalable, re-imagining how industry can transform waste CO2, green electrons and hydrogen to meet various needs, from fuel to power cars, planes, and ships to green chemicals for our everyday consumptions. We believe that Ineratec has the winning solution to transform industries and help the world meet its collective goal to transition away from fossil fuels for energy.”

INERATEC ABOUT PAVA PARTNERS’ ADVISORY

“Pava Partners’ first-class international network has made this strong round of investors possible, paving our international way to a climate-neutral future,” adds Tim Boeltken, CEO of Ineratec. “A huge thank you to the entire team!”

Ineratec is a pioneer in the field of Power-to-Liquid applications. The company supplies sustainable e-fuels as well as chemical products. Modular chemical plants for Power-to-X and gas-to-liquid applications use hydrogen from renewable electricity and greenhouse gases such as CO₂ to produce e-kerosene, CO₂-neutral gasoline, clean diesel or synthetic waxes, methanol or SNG. 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.

Further information can be found at www.ineratec.com.

Piva Capital is a San Francisco-based venture capital firm investing in visionary entrepreneurs solving the world’s critical industrial challenges with breakthrough technologies and innovative business models.

Further information can be found at www.piva.vc.