# Oxylus Energy

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

- Industry: Renewable Energy
- Headquarters: New Haven, US
- Website: www.oxylusenergy.com
- Total disclosed funding: $4.5M
- Latest round: Seed (Jul 17, 2024)
- Investors on record: 4

## About

Oxylus Energy, based in the US, specializes in innovative CO2 conversion technologies, emphasizing sustainable solutions for reducing carbon emissions and advancing clean energy alternatives.Founded in 2023 in New Haven, US, Oxylus Energy develops advanced carbon conversion technologies. The company has successfully completed its first deal and raised USD 4.5 mn in Seed funding on July 17, 2024, from investors including Toyota Ventures and Azolla Ventures. The company is co-founded by Conor Rooney, Harrison Meyer, and Perry Bakas, who is also the CEO.Oxylus Energy focuses on developing and commercializing proprietary electrolyzer technology that converts CO2 into green e-methanol and other carbon-neutral fuels and chemical feedstocks. This technology mitigates industrial emissions by transforming captured carbon into valuable products, targeting industries such as shipping, aviation, and manufacturing. The company serves B2B clients across North America, Europe, and Asia, meeting the rising demand for sustainable fuel alternatives.Oxylus Energy generates revenue through partnerships and contracts with industrial clients seeking to reduce CO2 emissions. The company engages in B2B transactions, offering technology licensing and service agreements for its electrolyzer systems. Revenue is derived from the sale of proprietary technology complemented by service agreements, with transaction structures including upfront fees for technology deployment and performance-based incentives based on CO2 conversion volumes.Following its USD 4.5 mn Seed funding in July 2024, co-led by Toyota Ventures and Azolla Ventures, Oxylus Energy plans to accelerate technology development, prototype testing, and pilot deployments. The company aims to expand into new markets, targeting further geographical regions in North America and Europe by late 2025, ensuring its solutions are readily available to meet the increasing global need for sustainable energy.

## Funding rounds

- Seed, Jul 17, 2024, $4.5M — Connecticut Innovations, Toyota Ventures, Azolla Ventures, Earth Foundry

## Investors

- Connecticut Innovations (https://capitalatlas.ai/funds/connecticut-innovations) — Seed
- Toyota Ventures (https://capitalatlas.ai/funds/toyota-ventures) — Seed
- Azolla Ventures (https://capitalatlas.ai/funds/azolla-ventures) — Seed
- Earth Foundry (https://capitalatlas.ai/funds/earth-foundry) — Seed