# RIFT Development

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/rift-development-b-v

- Industry: Power & Utilities
- Headquarters: Eindhoven, Netherlands
- Website: www.ironfueltechnology.com
- Total disclosed funding: $113M
- Latest round: Series B (Feb 4, 2026)
- Investors on record: 7

## About

Founded in 2020 and based in Eindhoven, Netherlands, RIFT Development B.V. is a clean energy company that provides renewable iron fuel technology solutions for decarbonizing industrial heat. In February 2026, RIFT Development B.V. raised EUR 83.1 million in series B funding led by Pensioenfonds Zorg en Welzijn, with participation from Invest-NL, Oost NL, InnovationQuarter, BOM Brabant Ventures, and Rubio Impact Ventures. The round was part of a larger EUR 113.8 million series B and grant funding.

RIFT’s core product, Iron Fuel Technology™, leverages a process where iron powder undergoes a rusting and unrusting cycle to produce sustainable, renewable heat. This technology is versatile and can be applied to district heating, industrial processes, and electricity generation, offering industries an alternative to conventional fossil fuels. It is designed to reduce carbon emissions while meeting the heat demands of various sectors. The company will use the February 2026 funding to scale its fossil-free iron fuel technology by moving from pilot testing to commercial deployment, including building a factory and completing sustainability tests required for large-scale implementation.

## Funding rounds

- Series B, Feb 4, 2026, $99M — Pensioenfonds Zorg en Welzijn, Oost NL, BOM Brabant Ventures, InnovationQuarter, Rubio Impact Ventures, Invest-NL
- Series A, Oct 7, 2024, $12M — PGGM, Oost NL, BOM Brabant Ventures, InnovationQuarter, Rubio Impact Ventures, Invest-NL
- Seed, Oct 20, 2022, $1.9M — BOM Brabant Ventures, InnovationQuarter, Rubio Impact Ventures

## Investors

- BOM Brabant Ventures (https://capitalatlas.ai/funds/bom-brabant-ventures) — Seed, Series A, Series B
- InnovationQuarter (https://capitalatlas.ai/funds/innovationquarter) — Seed, Series A, Series B
- Rubio Impact Ventures (https://capitalatlas.ai/funds/rubio-impact-ventures) — Seed, Series A, Series B
- PGGM — Series A
- Oost NL (https://capitalatlas.ai/funds/oost-nl) — Series A, Series B
- Invest-NL — Series A, Series B
- Pensioenfonds Zorg en Welzijn — Series B