Mote, a technology leader in carbon-negative energy production, announced the successful first close of its Series A funding round this month, securing $7 million in investment led by Nella Next and Preston-Werner Ventures.
The round also included Counteract and other strategic partners. This first phase is part of a targeted $15 million Series A funding round.
Mote’s focus is its approach to energy production from wood waste with carbon capture, a form of Biomass Carbon Removal and Storage (BiCRS). The company’s technology involves converting agricultural and forestry waste into clean hydrogen or other energy outputs, while permanently sequestering a high proportion of CO₂.
With patented innovations that increase hydrogen production, enhance efficiency and reduce emissions, Mote offers a scalable solution that simultaneously strengthens domestic energy independence and supports forestry and land management while removing CO₂ from the air.
“Mote addresses both sustainability and energy security, bringing critically needed innovation to the US energy landscape,” said Joshuah Stolaroff, CEO of Mote. “We’ve received broad support and expert endorsements over the years because of the strong fundamentals of our approach. This initial Series A investment reflects continued demand for carbon-negative energy solutions, reinforcing that clean energy can be economically viable and contribute to U.S. energy leadership.”
For detailed information and further insights, please refer to BioEnergyTimes.com, which provides the latest news about the Biomass Industry
