GA Drilling is a Slovakia-based startup offering global drilling solutions for a carbon-free and energy-independent future with geothermal technology. The company, founded in 2008, has developed patented PLASMABIT & ANCHORBIT technology which enables local and independent sources of electricity, heating, clean water, and food production. The technology brings a significant reduction in operational time & cost savings, allowing for faster, deeper, and cheaper drilling through any material, including hard rock and steel. With 23+ registered patents and a full-time team of 70+ engineers and researchers, GA Drilling has secured investments from various entities, including a recent $15.00M Venture Round investment on April 18, 2024, led by Neulogy Ventures, Alfa8, Underground Ventures, Nabors, and Thomas von Koch. The company's focus on scalable and modular solutions for zero-carbon emissions energy production positions them at the forefront of the renewable energy and information technology industries. GA Drilling's commitment to innovation is further highlighted by their 20+ EU research grants and strategic technical development partnerships with industry leaders. Their vision to unlock ultra-deep geothermal power globally has the potential to replace all fossil fuel energy generation and make a massive positive impact on climate change. In line with their values of trust, creativity, exceptionality, courage, and ownership, GA Drilling is actively seeking experienced professionals who share their vision to contribute to the delivery of this unique disruptive innovation to the market. Interested individuals can reach out through [email protected] or visit their website at www.gadrilling.com for further opportunities.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Venture Round | $15.00M | 5 | Underground Ventures, Thomas von Koch +2 | 18 Apr 2024 |
Venture Round | $12.00M | 6 | Sumitomo, Slovak Investment Holding | 07 Apr 2022 |
Corporate Round | $8.00M | 1 | Nabors | 30 Mar 2022 |
Series C | $4.00M | 1 | 01 Jan 2021 | |
Series B | €4.20M | 3 | Ted Halstead | 29 Mar 2019 |
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