# Nova Pangaea Technologies (UK)

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/nova-pangaea-technologies-uk

- Industry: Renewable Energy
- Headquarters: Redcar, UK
- Website: www.novapangaea.com
- Total disclosed funding: $4.1M
- Latest round: Series A (Aug 16, 2021)
- Investors on record: 3

## About

Nova Pangaea Technologies is a UK-based company specializing in clean technology solutions that convert agricultural residues into sustainable products, including advanced biofuels and biochar.Founded in 2014 in Redcar, UK, Nova Pangaea Technologies focuses on the conversion of woody and non-food agricultural residues into valuable products. The company has raised GBP 5.25 mn in total funding with the latest round being a Grant of GBP 7.5 mn from the UK Department for Transport on November 17, 2023. Sarah Ellerby serves as the CEO, overseeing the company's ambitious projects in the renewable energy sector.Nova Pangaea Technologies (NPT) specializes in clean technology through its proprietary REFNOVA® process, converting agricultural residues into second-generation (2G) ethanol and biochar. The REFNOVA® process supports the production of 2G ethanol for advanced biofuels such as Sustainable Aviation Fuel (SAF). NPT also produces biochar for soil enhancement and construction material applications, catering to clients in the renewable energy and agricultural sectors across Europe, North America, and Asia.In 2019, Nova Pangaea Technologies reported a revenue of GBP 11,485.90, while its EBITDA was GBP -3,308,775.60. The company engages in B2B transactions, focusing on long-term contracts with airlines and biofuel producers to supply its REFNOVA® ethanol and biochar, contributing to sustainability goals in various sectors.In November 2023, Nova Pangaea Technologies raised GBP 7.5 mn in grant funding from the UK Department for Transport, which will be utilized to further develop and commercialize its technology and enhance the production of sustainable aviation fuel (SAF). The company aims to expand its presence in new markets, particularly targeting growth in the renewable energy sectors across Europe and North America.

## Funding rounds

- Series A, Aug 16, 2021, $4.1M — PXN Group, Cambridge Angels Group, Northern Powerhouse Investment Fund

## Investors

- PXN Group (https://capitalatlas.ai/funds/pxn-group) — Series A
- Cambridge Angels Group — Series A
- Northern Powerhouse Investment Fund — Series A