Manta Biofuel produces cost-effective renewable fuel oil from algae.
Manta Biofuel produces cost-effective renewable fuel oil from algae. Manta has developed and patented a distributed magnetic harvesting system with the goal of decarbonizing our economy. They are currently targeting the $10B heating oil market, with the long-term goal of transitioning the international shipping market to carbon neutral liquid fuels.
Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
---|---|---|---|---|---|---|
Sep 12, 2018 | Convertable Note | $250K | 1 | — | — | Detail |
Aug 1, 2018 | Grant | $1M | 1 | — | — | Detail |
Aug 1, 2016 | Grant | $1M | 1 | — | — | Detail |
May 20, 2016 | Convertable Note | $100K | 1 | — | — | Detail |
Aug 1, 2015 | Grant | $150K | 1 | — | — | Detail |
Investor Name | Lead Investor | Funding Round |
---|---|---|
The Chesapeake Bay Seed Capital Fund | — | Convertable Note |
US Department of Energy | — | Grant |
TEDCO | — | Convertable Note |