ReMo Energy Raises $5.25 Mn in Seed Round

July 16, 2022. By News Bureau

ReMo Energy, manufacturer of industrial materials through renewable energy, has raised its seed investment by $5.25 million led by early growth fund AiiM Partners, with participation from Breakthrough Energy Ventures, Darco Capital and other strategic angel investors.

The company will use the funding proceeds to scale commercial operations throughout the US Midwest.

Scott Rackey, CEO and Co-founder of ReMo Energy, said, “We always seek opportunities to mitigate climate change, but our approach does more than that. ReMo both enables decarbonisation and makes the agricultural supply chains more resilient-all without adding cost for the farmer.”

“ReMo’s technology and innovative approach can scale production of renewable materials in two years, versus what typically takes ten years for competitors, while also being cheaper than fossil-fuel based products,” said Shally Shanker, Founder and Managing Partner, AiiM Partners. She will be joining the Board of Directors.

ReMo Energy’s mission is to make today’s fossil fuel-based chemicals from renewable energy and with this investment it is moving towards its mission.

The company’s products always make it possible for the world to improve the global quality of life and also reduce the emissions of greenhouse gases and other pollutants.

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