# Synhelion

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

- Industry: Renewable Energy
- Headquarters: Lugano, Switzerland
- Website: www.synhelion.com
- Total disclosed funding: $17M
- Latest round: Series B (Nov 2, 2021)
- Investors on record: 5

## About

Based in Switzerland, Synhelion SA operates as a pioneer in renewable synthetic fuel production, harnessing solar energy to deliver sustainable alternatives to fossil fuels, thereby contributing to significant CO2 emissions reduction.Synhelion SA specializes in the production of renewable synthetic fuels utilizing solar energy. Founded in 2016 in Lugano, Switzerland, the company has executed 4 deals, with its most recent funding round occurring on December 15, 2022. Synhelion was established by Gianluca Ambrosetti and Philipp Furler, who also serve as the company's CEOs. The company successfully raised CHF 22 million from investors, including Swiss International Air Lines AG, SMS Group GmbH, CEMEX Ventures, and AMAG Group AG, marking their total funding raised at CHF 22 million.Synhelion is at the forefront of renewable energy solutions, specializing in the production of renewable synthetic fuels derived from solar energy. The company's core product offerings include solar diesel, solar gasoline, and sustainable aviation fuel, all designed to directly replace fossil fuels and significantly reduce CO2 emissions. These fuels are fully compatible with existing global fuel infrastructure, allowing for seamless integration into current transportation systems. The end use cases for these products span various sectors, including maritime transportation, aviation, and ground transportation, providing environmentally friendly alternatives that support the global transition to net-zero emissions. Synhelion's solar fuels have been deployed in various geographical markets, including Europe and North America, with partnerships established with notable clients such as Zurich Airport and AMAG Group, indicating a broad client base that encompasses both commercial and industrial users.Synhelion's revenue model is built upon establishing partnerships and agreements with key players in the transportation and aviation sectors, focusing primarily on B2B transactions. The company enters into long-term offtake agreements with clients to supply its flagship products, such as solar diesel and solar gasoline, which are critical in their operations. Revenue is generated through these contractual agreements, where clients commit to purchasing specific quantities of fuel over designated periods. Pricing structures for the products are determined based on market conditions and the specific agreements tailored to each client’s needs. This transactional approach allows for predictable revenue streams and fosters ongoing relationships with customers who are increasingly seeking sustainable fuel solutions.In December 2022, Synhelion SA raised CHF 22 million in venture funding from returning investors Swiss International Air Lines AG, SMS Group GmbH, CEMEX Ventures, and AMAG Group AG. The company will use the funding to support product development, expand its offerings, and strengthen its marketing efforts. Synhelion aims to launch new products designed to enhance its portfolio and plans to expand into additional markets, particularly targeting the aviation and maritime sectors in North America and Europe by the end of 2024.

## Funding rounds

- Series B, Nov 2, 2021, $17M — SMS Group GmbH, CEMEX Ventures, AMAG Group AG, Swiss KMU Partners, Orchilla AG

## Investors

- SMS Group GmbH — Series B
- CEMEX Ventures (https://capitalatlas.ai/funds/cemex-ventures) — Series B
- AMAG Group AG — Series B
- Swiss KMU Partners — Series B
- Orchilla AG — Series B