# Remora

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

- Industry: Environmental Services
- Headquarters: Wixom, US
- Website: www.remoracarbon.com
- Total disclosed funding: $60M
- Latest round: Series B (May 1, 2023)
- Investors on record: 8

## About

Founded in 2020 and based in Michigan, US, Echeneidae Inc., dba Remora, develops a device that captures carbon emissions from semi-trucks. The company was co-founded by its CEO, Paul Gross, and others. In May 2023, Remora raised USD 60 million in series B funding led by Valor Equity Partners, with participation from Lowercarbon Capital, Union Square Ventures, Voyager Ventures, First Round Capital, Neo Ventures, Ryder Ventures, and other unspecified investors.The company develops a solution that is centered around a carbon capture device that attaches to the tailpipes of semi-trucks. This device filters carbon emissions directly from the exhaust, ensuring that emissions reduction is achieved without disrupting the truck's operations by integrating into the truck's infrastructure. Remora’s carbon capture device offers a three-step process, such as bolt-on, capture, and sequester. The firm’s partners include Ryder, Werner Enterprises, Estes, Lower Carbon Capital, USV, Voyager, and others.

The company will use the May 2023 funding to deploy its carbon capture technology in the railway sector.

## Funding rounds

- Series B, May 1, 2023, $60M — Valor Equity Partners, Union Square Ventures, First Round Capital, Neo Ventures, Lowercarbon Capital, Ryder Ventures, Voyager Ventures
- Seed, Aug 9, 2021 — Valor Equity Partners, Union Square Ventures, Y Combinator, Lowercarbon Capital

## Investors

- Valor Equity Partners (https://capitalatlas.ai/funds/valor-equity-partners) — Seed, Series B
- Union Square Ventures (https://capitalatlas.ai/funds/union-square-ventures) — Seed, Series B
- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed
- Lowercarbon Capital (https://capitalatlas.ai/funds/lowercarbon-capital) — Seed, Series B
- First Round Capital (https://capitalatlas.ai/funds/first-round-capital) — Series B
- Neo Ventures — Series B
- Ryder Ventures (https://capitalatlas.ai/funds/ryder-ventures) — Series B
- Voyager Ventures — Series B