What is ClearFlame Engine Technologies?
Founded in 2016 and headquartered in Geneva, Illinois, ClearFlame Engine Technologies is at the forefront of decarbonizing the heavy-duty transportation sector. The company has developed a groundbreaking combustion technology that enables diesel engines to operate on cleaner, sootless fuels without compromising performance or increasing costs. This proprietary engine modification drastically reduces emissions, offering substantial benefits in cost savings, air quality improvement, and carbon mitigation. ClearFlame's technology is versatile, finding applications across a wide array of industries including transportation, power generation, marine, agriculture, construction, mining, and locomotive sectors.
How much funding has ClearFlame Engine Technologies raised?
ClearFlame Engine Technologies has raised a total of $20M across 2 funding rounds:
Angel/Seed
$3M
Series A
$17M
Angel/Seed (2020): $3M with participation from Clean Energy Venture Group
Series A (2021): $17M led by Mercuria Energy Trading, John Deere, Breakthrough Energy Ventures, and Clean Energy Ventures
Key Investors in ClearFlame Engine Technologies
Mercuria Energy Trading
Mercuria Energy Trading, a global energy commodity trading company, likely participated to leverage ClearFlame's technology for cleaner fuel applications within their extensive energy market operations.
John Deere
John Deere, a leading manufacturer of agriculture and construction equipment, invested to integrate ClearFlame's emissions-reducing technology into their heavy-duty engine offerings, enhancing performance and sustainability.
Breakthrough Energy Ventures
Breakthrough Energy Ventures, a fund focused on cutting-edge companies driving toward net-zero emissions, backed ClearFlame to support its transformative clean energy innovation in the transportation sector.
What's next for ClearFlame Engine Technologies?
The substantial enterprise-level backing positions ClearFlame Engine Technologies for accelerated growth and market penetration. With this strategic investment, the company is poised to scale its operations, further refine its revolutionary combustion technology, and expand its reach into key heavy-duty markets. The focus will likely be on commercializing its solutions, forging partnerships with major engine manufacturers, and solidifying its role as a leader in sustainable engine technology, driving the transition towards cleaner fuels in demanding applications.
See full ClearFlame Engine Technologies company page
