Amogy Inc., an ammonia-to-power technology startup, today announced its $11m Series B-2 fundraising, joined by Marunouchi Climate Tech Growth Fund, Mitsubishi Corporation, Mitsubishi Heavy Industries America and Synergy Marine.
This funding concludes Amogy’s Series B fundraising.
In March, Amogy announced its Series B-1 round of $139 million led by SK Innovation. The Series B-2 round further propels Amogy’s momentum to support commercialization, begin manufacturing of its innovative ammonia-to-power technology, and bring its first product to market in 2024.
Amogy CEO Seonghoon Woo said in a recent interview that the company would likely launch a Series C fundraising round targeting between $400m – $500m late next year.
