# Addis Energy

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/addis-energy

- Industry: Chemicals
- Headquarters: Somerville, US
- Website: www.addisenergy.com
- Total disclosed funding: $8.4M
- Latest round: Seed (Nov 14, 2025)
- Investors on record: 3

## About

Based in Massachusetts, US, and founded in 2024 by CEO Michael Alexander, COO Charlie Mitchell, Chief Science Officer Iwnetim Abate, and Chief Strategy Officer Yet-Ming Chiang, Addis Energy operates as a provider of a technology company that injects engineered fluids into iron-rich subsurface rocks, leveraging the earth chemical and thermal potential to produce clean ammonia. In December 2025, Addis Energy raised USD 8.3 million in seed funding led by new investor At One Ventures. Returning investors Engine Ventures and Pillar also participated in the round.

Addis Energy specializes in solutions for clean ammonia production, leveraging advanced techniques from oil and gas industries into iron-rich subsurface resources. The company’s offers a process that harnesses the chemical potential of iron to facilitate the splitting of water into hydrogen and oxygen, allowing for the production of ammonia. This technology, developed in collaboration with MIT's Department of Materials Science and Engineering, targets industries and sectors focused on sustainable agriculture and energy.

The company plans to utilize the December 2025 funding to develop its AI-driven chemical reactors that produce ammonia more efficiently than the Haber-Bosch process.

## Funding rounds

- Seed, Nov 14, 2025, $8.4M — Pillar, Engine Ventures, At One Ventures

## Investors

- Pillar (https://capitalatlas.ai/funds/pillar) — Seed
- Engine Ventures (https://capitalatlas.ai/funds/engine-ventures) — Seed
- At One Ventures (https://capitalatlas.ai/funds/at-one-ventures) — Seed