# Amogy

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/amogy

- Industry: Renewable Energy
- Headquarters: Brooklyn, US
- Website: www.amogy.co
- Total disclosed funding: $213M
- Investors on record: 19

## About

Based in the US, Amogy Inc. specializes in sustainable ammonia-to-power technology, providing innovative solutions for clean energy applications across maritime, power generation, and heavy-duty transportation sectors.Amogy Inc., founded in 2020, is headquartered in Brooklyn, US. In November 2025, the company raised USD 15 million in venture funding led by GS Engineering & Construction Corporation, with participation from GS Futures and Xplor Investment. Amogy specializes in advanced ammonia-to-power technologies that harness the energy potential of ammonia as a clean fuel source. The core product offerings include proprietary reforming technology and high-conversion ammonia cracking catalysts designed to convert ammonia into electricity with zero carbon emissions at the point of use. These systems are modular and scalable, tailored specifically for the maritime, power generation, and heavy-duty transportation sectors. The company targets industries that are traditionally hard to decarbonize, aiming to provide clean energy solutions for both onshore and offshore applications. Amogy's products are marketed globally, with a focus on regions actively seeking to reduce their carbon footprint, including North America, Europe, and parts of Asia.Amogy generates revenue through the sale and implementation of its ammonia-to-power systems and catalysts, structured primarily as B2B transactions. The company engages with large-scale industrial clients, establishing partnerships and long-term agreements for the deployment of its technologies. These transactions may involve upfront payments for equipment, ongoing service agreements, or licensing fees for technology usage. The flagship product, the ammonia cracking catalyst, significantly enhances the efficiency of ammonia-to-electricity conversion, offering compelling value to clients aiming for sustainable energy solutions.

## Funding rounds

- Round, Nov 3, 2026, $20M
- Series B, Jul 15, 2025, $23M — Pathway Capital Management, Korea Development Bank, KDB Bank, BonAngels Venture Partners, JB Investment
- Series B, Jun 5, 2023, $11M — Mitsubishi Heavy Industries, Mitsubishi, Synergy Marine, Zeon Ventures, Marunouchi Innovation Partners
- Series B, Mar 22, 2023, $139M — Temasek Holdings, SK, DCVC, Aramco Ventures, Yanmar Co. Ltd, AP Ventures, Korea Zinc Co., Ltd., MOL PLUS, Zeon Ventures
- Series A, Nov 1, 2021, $20M — DCVC, AP Ventures, Amazon

## Investors

- DCVC (https://capitalatlas.ai/funds/dcvc) — Series A, Series B
- AP Ventures (https://capitalatlas.ai/funds/ap-ventures) — Series A, Series B
- Amazon (https://capitalatlas.ai/funds/amazon) — Series A
- Temasek Holdings — Series B
- SK — Series B
- Aramco Ventures (https://capitalatlas.ai/funds/aramco-ventures) — Series B
- Yanmar Co. Ltd — Series B
- Korea Zinc Co., Ltd. — Series B
- MOL PLUS — Series B
- Zeon Ventures (https://capitalatlas.ai/funds/zeon-ventures) — Series B
- Mitsubishi Heavy Industries — Series B
- Mitsubishi — Series B
- Synergy Marine — Series B
- Marunouchi Innovation Partners (https://capitalatlas.ai/funds/marunouchi-innovation-partners) — Series B
- Pathway Capital Management (https://capitalatlas.ai/funds/pathway-capital-management) — Series B
- Korea Development Bank (https://capitalatlas.ai/funds/korea-development-bank) — Series B
- KDB Bank — Series B
- BonAngels Venture Partners (https://capitalatlas.ai/funds/bonangels-venture-partners) — Series B
- JB Investment (https://capitalatlas.ai/funds/jb-investment) — Series B