Taking the fight against climate change one step further with two-in-one technology: that’s what startup Reverion is working on. The product? Container-shaped power plants. They use technological processes to generate electricity from biogas. Biogas is produced from waste or plants from agriculture. It is fermented in special facilities.
The power plants in Riverion say they can generate twice as much electricity from biogas as other plants. The second advantage: the power plants can produce hydrogen from electricity. Biogas plant operators, most of whom are customer farmers, can deliver multiple products in a single container system. For farmers, this means additional income streams.
Statup recently raised €56 million ($62 million) in Series A funding. In addition to venture capital money, this also includes equity financing. The round was led by Energy Impact Partners (EIP) with participation from Honda and the European Innovation Council Fund (EIC Fund). Existing investors Extantia Capital, UVC Partners, Green Generation Fund, Doral Energy-Tech Ventures, and Possible Ventures also participated in the round.
Reverion’s founding team includes Maximilian Hock (CTO), Felix Fischer (MD & COO), Louis Poplotzky (CDO), Stefan Hermann (MD & CEO), and Jeremias Weinrich (CPO). The startup is a spin-off from the Technical University of Munich. The idea came in 2015.
With the new capital, the founders want to enter a containerized production chain and be able to deliver large quantities. Reverion has already received pre-orders worth €90 million ($100 million). The startup is also preparing for expansion.
Watch the presentation Reverion made to investors here. You can find more exciting corporate presentations on our presentation topic page. You can get expert video feedback on your slides here.
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