# Sapphire Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/sapphire-technologies

- Industry: Renewable Energy
- Headquarters: Cypress, US
- Website: www.sapphiretechnologies.com/
- Total disclosed funding: $33M
- Latest round: Series C (Sep 8, 2025)
- Investors on record: 6

## About

Sapphire Technologies, Inc. focuses on developing and manufacturing energy recovery systems, particularly their FreeSpin® In-line Turboexpanders, which convert gas expansion energy into electricity for enhanced operational efficiency.Sapphire Technologies specializes in energy recovery systems, notably the FreeSpin® In-line Turboexpanders. The company is headquartered in Cerritos, US, and was founded to address energy efficiency in industrial applications. The company's leadership includes CEOs Choirel Ahyar and Freddie Sarhan. Sapphire Technologies has undergone a transformation in its business strategy to enhance its product offerings. As of June 30, 2023, the company completed a Series B funding round, raising USD 10.000 mn, led by Energy Capital Ventures. Other notable investors include Chevron Technology Ventures, Cooper and Company, Equinor Ventures, and Marathon Petroleum Corporation. The total amount raised by the company is USD 10.000 mn, and it currently has a valuation of USD 54.936 mn.Sapphire Technologies specializes in the development and manufacturing of energy recovery systems, with a core focus on its FreeSpin® In-line Turboexpanders. These turboexpanders harness the energy generated from gas expansion during pressure reduction processes to produce reliable and clean electricity. By converting otherwise wasted energy into usable power, the systems enhance operational efficiency for customers across various industries. Key end users include companies in natural gas and hydrogen sectors, which benefit from maximizing plant efficiencies, reducing carbon emissions, and achieving significant cost savings. The FreeSpin® turboexpanders are scalable solutions that can provide up to 2.6 GWh of clean energy annually, enough to power 700 homes, thereby addressing energy waste and supporting corporate sustainability efforts. Sapphire Technologies serves a diverse clientele in North America and is expanding its reach into international markets, including Europe and Asia, to promote cleaner power generation.Sapphire Technologies generates revenue through the sales of its FreeSpin® In-line Turboexpanders and ancillary energy recovery systems, typically engaging in B2B transactions with industrial clients in the natural gas and hydrogen sectors. The company’s revenue model includes direct sales of its products, supported by potential service agreements for installation and maintenance, which foster long-term client relationships. The pricing structure for its flagship products reflects the advanced technology and engineering expertise involved, allowing clients to realize substantial operational savings through reduced energy costs and minimized carbon emissions. Clients often engage in partnerships aimed at achieving environmental, social, and governance (ESG) goals, further solidifying revenue streams through ongoing collaborations. The combination of product sales and service offerings positions Sapphire Technologies to deliver value while supporting the transition to sustainable energy practices. The company is actively designing new products aimed at increasing energy recovery efficiency. In addition, Sapphire Technologies is focused on expanding its market presence in Europe and Asia by 2024, seeking to introduce its technologies to new clients and sectors in these regions. In September 2025, Sapphire Technologies raised USD 12.54 million in series C funding led by new investor Mitsubishi Heavy Industries, with participation from returning investors Cooper and Company, Energy Capital Ventures, and Equinor Ventures. Other unspecified investors also participated in the round. The round is a part of total offering of $18 Million. The company plans to utilize the September 2025 funding for manufacturing facility capacity expansion infrastructure setup, turboexpander deployment system extension, and new application market integration platform development.

## Funding rounds

- Series C, Sep 8, 2025, $13M — Mitsubishi Heavy Industries, Cooper and Company, Energy Capital Ventures, Equinor Ventures
- Series B, Jun 30, 2023, $10M — Chevron Technology Ventures, Marathon Petroleum Corporation, Cooper and Company, Energy Capital Ventures, Equinor Ventures
- Series A, Oct 1, 2021, $10M — Chevron Technology Ventures, Cooper and Company, Equinor Ventures

## Investors

- Chevron Technology Ventures (https://capitalatlas.ai/funds/chevron-technology-ventures) — Series A, Series B
- Cooper and Company — Series A, Series B, Series C
- Equinor Ventures — Series A, Series B, Series C
- Marathon Petroleum Corporation — Series B
- Energy Capital Ventures (https://capitalatlas.ai/funds/energy-capital-ventures) — Series B, Series C
- Mitsubishi Heavy Industries — Series C