Mote, a technology leader in carbon-negative energy production, announced the successful first close of its Series A funding round this month, securing $7 million in investment led by Nella Next and Preston-Werner Ventures.
The round also included Counteract and other strategic partners.
This first phase is part of a targeted $15 million Series A funding round.
Mote’s focus is its approach to energy production from wood waste with carbon capture, a form of Biomass Carbon Removal and Storage (BiCRS).
The company’s technology involves converting agricultural and forestry waste into clean hydrogen or other energy outputs, while permanently sequestering a high proportion of CO₂.
With patented innovations that increase hydrogen production, enhance efficiency and reduce emissions, Mote offers a scalable solution that simultaneously strengthens domestic energy independence and supports forestry and land management while removing CO₂ from the air.
“Mote addresses both sustainability and energy security, bringing critically needed innovation to the US energy landscape,” said Joshuah Stolaroff, CEO of Mote. “
We’ve received broad support and expert endorsements over the years because of the strong fundamentals of our approach. This initial Series A investment reflects continued demand for carbon-negative energy solutions, reinforcing that clean energy can be economically viable and contribute to U.S. energy leadership.”
Mote procures $7m funding for its biomass technology
