Manta Biofuel is a company that focuses on creating affordable renewable fuel oil derived from algae. Their patented distributed magnetic harvesting system is a notable innovation that drives their mission to decarbonize the economy. Initially, they are targeting the $10B heating oil market and have received a significant $1.60M Seed Round investment on 06 February 2021. The investment came from notable backers including Republic, Ozzy Akay, Dhruvil Sanghvi, and 301 Ventures. Manta Biofuel's long-term vision is to convert the international shipping market to carbon-neutral liquid fuels. The company was founded in 2014 and operates within the industries of Agriculture, Energy, Renewable Energy, and Oil and Gas.
| Funding Stage | Amount | No. Investors | Investors | Date |
|---|---|---|---|---|
| Seed Round | $1.60M | 4 |
|
06 Feb 2021 |
| Convertible Note | $250.00K | 1 |
|
12 Sep 2018 |
| Grant | $1.00M | 1 | US Department of Energy | 01 Aug 2018 |
| Grant | $1.00M | 1 | US Department of Energy | 01 Aug 2016 |
| Convertible Note | $100.00K | 1 |
|
20 May 2016 |
No recent news or press coverage available for Manta Biofuel.
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