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Rondo Energy Closes $22M In Series A Funding To Tackle Industrial Decarbonization

Feb 08, 2022•over 3 years ago

Amount Raised

$22 Million

Round Type

series a

OaklandOther

Description

Rondo Energy, the company unlocking profitable industrial decarbonization, today announced that it has closed a $22 million Series A funding round led by two of the world’s leading investment firms in deep decarbonization and electrification: Breakthrough Energy Ventures and Energy Impact Partners. This funding enables Rondo Energy to build projects that deliver low-cost, high-temperature and zero-carbon heat across a variety of industries. Rondo plans to begin manufacturing and deliver customer systems later this year.

Company Information

Company

Rondo Energy

Location

4200 PARK BLVD # 282

Oakland, California, United States

About

Rondo Energy makes industrial decarbonization possible — and profitable — today. The Rondo Heat Battery captures low-cost renewable electricity and delivers continuous high-temperature heat, enabling customers to power their operations with zero-carbon energy. Learn more at rondo.energy.

FundzWatch™ Score

70
Medium Activity

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