What is Amogy?
Founded in 2020 by four MIT PhD alumni, Amogy is at the forefront of sustainable energy innovation. The company offers high energy-density power solutions utilizing ammonia, a critical step towards achieving zero-emission heavy-duty transportation. Amogy's technology aims to provide a scalable and efficient pathway for industries heavily reliant on fossil fuels to transition to cleaner energy sources, positioning itself as a key player in the global decarbonization effort.
How much funding has Amogy raised?
Amogy has raised a total of $264M across 4 funding rounds:
Other Financing Round
$46M
Series B
$139M
Other Financing Round
$56M
Debt
$23M
Other Financing Round (2022): $46M with participation from Newlab, AP Ventures, SK Innovation, Climate Pledge Fund, and Saudi Aramco Energy Ventures
Series B (2023): $139M led by ARaMCo Venture Management, SK Innovation, Korea Zinc, and Temasek
Other Financing Round (2025): $56M supported by Sv Investment, Hanwha Investment & Securities Co., Ltd, Samsung Heavy Industries, AFW Partners, Saudi Aramco Energy Ventures, BHP Ventures, and Quantum Ventures Korea
Debt (2025): $23M featuring JB Atlantic Investment Holding, Citizen Pathway Investment, BonAngels, and Korea Development Bank
Key Investors in Amogy
AP Ventures
AP Ventures is a London-based venture capital firm specializing in investments across the hydrogen value chain and related decarbonisation technologies, supporting early-stage companies contributing to sustainable energy transitions.
SK Innovation
SK Innovation, a South Korean petroleum refining company established in 1962, provides strategic investment in energy transition technologies.
Saudi Aramco Energy Ventures
Saudi Aramco Energy Ventures (SAEV) is the corporate venturing arm of Aramco, investing globally in start-ups and high-growth companies with technologies strategically important to the energy sector.
What's next for Amogy?
With substantial backing, Amogy is poised for accelerated growth and technological advancement. The recent influx of capital, particularly the strategic investment, suggests a focus on scaling operations, expanding market reach, and further refining its ammonia-to-power technology. This strategic financing will likely enable Amogy to solidify its position in the burgeoning green energy market, driving the adoption of sustainable solutions across the transportation and logistics industries.
See full Amogy company page
