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Reverion Secures USD62 Million in Series A Financing

MarkeLine | 16/09/2024 | Germany - Reverion, a company building reversible, carbon-negative power plants, has announced it had raised $62 million in Series A funding, including non-dilutive funding. The oversubscribed round was led by Energy Impact Partners (EIP) with participation from Honda and the European Innovation Council Fund (EIC Fund). Existing investors Extantia Capital, UVC Partners, Green Generation Fund, Doral Energy-Tech Ventures, and Possible Ventures also joined the round. This funding will enable Reverion to begin serial production of its power plants and meet over $100 million in customer pre-orders collected to date.

date:  16/09/2024

Reverion's patented technology is paving the way to 100% renewable energy by using the full potential of biogas. Their reversible power plants overcome the limitations of conventional technologies for power generation from biogas, significantly increasing revenue for operators from the same biomass. Unlike conventional gas engines, which are inefficient and emit millions of tonnes of CO2 annually worldwide, Reverion's fuel cell-based plants achieve up to 80% efficiency in power generation, doubling the electricity output of gas engines. In addition, these plants can also operate reversibly to produce and store renewable natural gas or green hydrogen in times of electricity surplus, enhancing grid flexibility. Finally, Reverion's plants capture the CO2 created during power generation, thus making carbon-negative power generation from biogas possible, cutting emissions and transforming the biogas industry for a sustainable energy future.

Deal Value (US$ Million) 62
Deal Type Venture Finance
Sub-Category Start-up
Deal Status Completed: 2024-09-13

Deal Participants

Target (Company) Reverion GmbH

Deal Rationale

The funding will enable Reverion to begin serial production of its power plants and meet over $100 million in customer pre-orders collected to date. The company's technology has the ability to double the output of existing biogas plants while creating new revenue streams, which has attracted a diverse customer base, including farmers and industrials.