# Electrochaea

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

- Industry: Renewable Energy
- Headquarters: Munich, Germany
- Website: www.electrochaea.com
- Latest round: Series D (Jun 28, 2021)
- Investors on record: 8

## About

Electrochaea GmbH is a renewable energy firm specializing in Power-to-Gas (P2G) biomethanation technology, which transforms green hydrogen and carbon dioxide into sustainable e-methane for various industries.Founded in 2010 and headquartered in Munich, Germany, Electrochaea GmbH focuses on the commercial-scale production of e-methane. The company has successfully completed 7 deals, with the most recent funding round on January 7, 2022, raising EUR 36.000 mn in SERIES D funding led by Baker Hughes Company. CEO Mich Hein has a history of contributing to the energy sector, although details on other companies he founded are not available. The total amount raised by the company stands at EUR 36.000 mn, with a current valuation of EUR 149.923 mn.Electrochaea GmbH specializes in advanced Power-to-Gas (P2G) biomethanation technology focused on the commercial-scale production of e-methane. Their core product enables the conversion of green hydrogen and carbon dioxide into renewable, grid-quality e-methane, which can be utilized as a low-carbon energy source across various sectors. The technology is designed for optimal efficiency, boasting a 98.5% CO2 conversion rate, which allows clients to capture methane slip and minimize their carbon footprint. The end users of this technology include industries seeking sustainable energy solutions, municipalities aiming to reduce their emissions, and energy providers looking to diversify their fuel sources. Electrochaea's products cater to markets in Europe, North America, and Asia, positioning them strategically within both established and emerging markets for renewable energy.Electrochaea GmbH generated revenue of EUR 178,913.10 in the year 2017, with an EBITDA of EUR -2,531,275.10 during the same period. The company earns primarily through partnerships and B2B transactions involving its biomethanation technology, with clients engaging for tailored energy solutions, which may include long-term service agreements, direct sales of technology, and ongoing operational support.In January 2022, Electrochaea raised EUR 36.000 mn in SERIES D funding, which will be utilized to enhance their capacity to supply renewable gas across Europe and globally. The company is focused on deploying technologies that contribute to net-zero greenhouse gas emissions and plans to expand its reach into new markets by leveraging this funding. Specific release dates for upcoming products have not been disclosed, but the aim is to accelerate market penetration and foster sustainable energy solutions.

## Funding rounds

- Series D, Jun 28, 2021 — KfW Banking Group, Sirius Equity Partners, Munich Venture Partners, b2venture, Baker Hughes Company, Caliza Holding, Focus First, Storengy SAS
- Series C, Feb 1, 2019 — KfW Banking Group, Munich Venture Partners, b2venture, Caliza Holding, Focus First, Storengy SAS
- Series B, Aug 1, 2018 — Munich Venture Partners
- Series A, Nov 6, 2014 — KfW Banking Group, Sirius Equity Partners, Munich Venture Partners, b2venture, Caliza Holding, Focus First

## Investors

- KfW Banking Group — Series A, Series C, Series D
- Sirius Equity Partners (https://capitalatlas.ai/funds/sirius-equity-partners) — Series A, Series D
- Munich Venture Partners (https://capitalatlas.ai/funds/munich-venture-partners) — Series A, Series B, Series C, Series D
- b2venture (https://capitalatlas.ai/funds/b2venture) — Series A, Series C, Series D
- Caliza Holding — Series A, Series C, Series D
- Focus First — Series A, Series C, Series D
- Storengy SAS — Series C, Series D
- Baker Hughes Company — Series D