Steeper Energy

company

About

Steeper Energy develops advanced biofuels from low-value biomass, such as residues and wastes from the agriculture and forest industries.

  • 11 - 50

Details

Last Funding Type
Series Unknown
Industries
Energy,Energy Management,Oil and Gas
Founded date
Jan 1, 2011
Number Of Employee
11 - 50
Operating Status
Active

Steeper Energy is a world leader in the development of advanced biofuels from low-value biomass, such as residues and wastes from the agriculture and forest industries. Steeper Energy’s Hydrofaction™ produces drop-in renewable fuels with high energy density enabling the heavy transport sector to seamlessly transition to low carbon fuels. With an experienced team of world class talents and strong industrial partnerships, Steeper is a leader in the realization of a low-carbon transport future.

Steeper Energy offers a solution to a stated goal by society to reduce carbon emissions.

Climate changes caused by utilization of fossil fuels are known to cause global damage. Within transportation carbon emissions keep rising while leaders across the globe have made bold commitments to bring emissions down. Electrification of light vehicles provides part of the solution. However, heavy trucking, marine and aviation cannot be readily electrified, and despite improvements in fuel efficiencies emissions from long distance heavy transport are predicted to go up.

The international community is struggling to find solutions and agree that action cannot be delayed. Steeper Energy’s proprietary Hydrofaction process cost effectively converts biomass to renewable transport fuels that can be used in existing infrastructure.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
3
kr24.18M
Steeper Energy has raised a total of kr24.18M in funding over 2 rounds. Their latest funding was raised on Jan 1, 2014 from a Series Unknown round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Jan 1, 2014 Series Unknown 1 Detail
Nov 1, 2013 Grant kr17.28M 1 Detail
Nov 1, 2011 Grant kr6.90M 1 Detail

Investors

Number of Lead Investors
Number of Investors
2
Steeper Energy is funded by 2 investors. TOM Capital Associates and Danish Energy Agency are the most recent investors.
Investor Name Lead Investor Funding Round
TOM Capital Associates Series Unknown
Danish Energy Agency Grant