Syzygy Raises $76 Million Series C to Accelerate Delivery of of Low-Carbon Hydrogen Technology
November 16, 2022
Syzygy Plasmonics, a deep-decarbonization company that is electrifying chemical manufacturing, today announced $76 million Series C financing led by Carbon Direct Capital with participation from Aramco Ventures, Chevron Technology Ventures, LOTTE CHEMICAL, and Toyota Ventures. Existing investors including Evok Innovations, The Engine, Equinor Ventures, Goose Capital, Horizons Ventures, Pan American Energy, and Sumitomo Corporation of Americas also joined the round. Carbon Direct Capital will join the Syzygy board and serve as the Series C director.
The capital raised will fund further development and delivery Syzygy's all-electric reactor systems that eliminate fossil-based combustion from chemical manufacturing and reduce the carbon intensity of hydrogen, methanol, and fuel.