PE-VC Fund Investments
Cleantech co. Enerzi raises $2-M led by Capital-A
Belagavi, Karnataka-based methane-to-hydrogen platform Enerzi has raised USD 2 million (INR 16.5 crore) in a seed funding round led by Capital-A. The round also saw participation from 8x Ventures and angel investors.Founded in 2007 by Prakash Mugali and Kirankumar Hittalmani, Enerzi develops microwave-plasma systems for clean hydrogen production and engineered carbon materials. The company uses microwave plasma reactors to convert methane into clean hydrogen and produce solid carbon nanopowder as a co-product.The new funds will be used to boost manufacturing capacity, expand its engineering and plasma science teams, and accelerate the commercial deployment of its hydrogen and nanocarbon platform.
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