# Prometheus Fuels

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/prometheus-fuels

- Industry: Renewable Energy
- Headquarters: Santa Cruz, US
- Website: www.prometheusfuels.com
- Latest round: Series B (Sep 23, 2021)
- Investors on record: 3

## About

Founded in 2019 and based in the US, Prometheus was founded by Rob McGinnis, the company's CEO, with the vision to turn CO2 into jet fuel, diesel, and gasoline. In 2020, the company raise USD 12.5 million from BMW i Ventures. In 2021, the company closed fundraising in series B round from Maersk, an integrated container logistics company.

The company's main products is Titan Fuel Forge, a reverse combustion machine that can pull CO2 and water from the air and turn it into carbon-free fuel by combining them with electricity. The whole process of Titan Fuel Forge can be broken down into four stages - carbon salvage, charging, fuel extraction, and fuel upgrading.

## Funding rounds

- Series B, Sep 23, 2021 — BMW i Ventures, Maersk Growth, Metaplanet Holdings

## Investors

- BMW i Ventures (https://capitalatlas.ai/funds/bmw-i-ventures) — Series B
- Maersk Growth (https://capitalatlas.ai/funds/maersk-growth) — Series B
- Metaplanet Holdings (https://capitalatlas.ai/funds/metaplanet-holdings) — Series B