# Terraform Industries

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/terraform-industries

- Industry: Oil & Gas
- Headquarters: Burbank, US
- Website: www.terraformindustries.com
- Total disclosed funding: $5M
- Latest round: Seed (Dec 7, 2021)
- Investors on record: 2

## About

Founded in 2021 and based in CA, US, Terraform Industries operates as a recyclable energy company that turns hydrogen and atmospheric carbon into synthetic natural gas at scale. In 2021, the company was founded by Casey Handmer, a Ph.D. from the California Institute of Technology, who now serves as CEO of the company. As of 2023, the company reached agreements with California utilities SoCalGas and PG&E to use synthetic gas in the distribution systems. In 2023, the company raised around USD 11 million across a seed and seed extension round from investors including Stripe co-founders Patrick and John Collison.

The company's flagship product is Terraformer, a machine that composes CO2 air capture, hydrogen electrolyzer, and methanation reactor. The hydrogen electrolyzer can produce cheap hydrogen from water, and the reactor creates natural gas. The electricity of Terraform is generated from solar.

The company will build 8000 factories to scale up production of the Terraformer machines to more than 1 million units per month by the next decade, according to the White Paper it published in 2023.

## Funding rounds

- Seed, Dec 7, 2021, $5M — Trajectory Capital, Climate Capital

## Investors

- Trajectory Capital (https://capitalatlas.ai/funds/trajectory-capital) — Seed
- Climate Capital (https://capitalatlas.ai/funds/climate-capital) — Seed