Meva Energy
Latest round
- Seed
Last raised
- Jan 2021
Total raised
- $1.2M
Investors
- 1
About Meva Energy
Meva Energy specializes in innovative biomass gasification technology, transforming waste residues into renewable gas and power, facilitating a shift from fossil fuels in industrial processes. Founded in 2008 in Sweden, Meva Energy focuses on biomass gasification technology. The company has pivoted towards emphasizing renewable energy solutions since its inception. Notably, The company operates primarily from Sweden and has formed partnerships with major manufacturing firms such as Sofidel and IKEA, aiming to minimize greenhouse gas emissions through sustainable energy practices. Meva Energy specializes in biomass gasification technology, primarily focusing on converting waste residues into renewable energy, specifically renewable gas and power. Their systems enable manufacturing industries to replace fossil fuel consumption with sustainable energy solutions, effectively addressing greenhouse gas emissions. The technology, developed through collaborations with Luleå University of Technology and the Energitekniskt Centrum (ETC) gasification center, has been in operation since 2008. Key clients include Sofidel, producing tissue, IKEA, and Elcowire, with applications spanning tissue production and copper manufacturing across Sweden and potentially other European markets.90 mn. Their revenue model is primarily B2B, focusing on partnerships for the deployment of biomass gasification technology. The company engages clients under long-term contracts for energy supply, contributing to stable revenue generation.30 for the same year. Looking ahead, Meva Energy plans to enhance its product offerings within the biomass gasification sector, though specific new product details and release dates have not been disclosed. The company aims to expand its geographical footprint beyond Sweden into other European markets by 2025, capitalizing on growing demands for sustainable manufacturing solutions.
Who invested in Meva Energy
1 investor across 1 round
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Funding rounds
Seed
Jan 8, 2021
Amount
$1.2M
Investors
Questions about Meva Energy
Who invested in Meva Energy?
Meva Energy has 1 investor on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Meva Energy raised?
Meva Energy has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Meva Energy last raise money?
Meva Energy's most recent round on record is a Seed, in Jan 2021.
What does Meva Energy do?
Meva Energy specializes in innovative biomass gasification technology, transforming waste residues into renewable gas and power, facilitating a shift from fossil fuels in industrial processes.
Where is Meva Energy headquartered?
Meva Energy is headquartered in Sweden.
Which VCs invest in companies like Meva Energy?
Among active investors with capital left to deploy, Index Ventures, Forbion, European Investment Bank and Balderton Capital back renewable energy companies at Meva Energy's stage. Their profiles are linked below.
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