What is Kior?
KiOR is a global entity specializing in proprietary technology for the conversion of abundant, non-food biomass into cellulosic gasoline and diesel transportation fuels. These fuels are designed for use in existing vehicles and can be distributed through current networks. KiOR's initiative aims to reduce reliance on foreign oil, decrease lifecycle greenhouse gas emissions, and foster economic development in rural communities. The company's shares were historically traded on NASDAQ under the symbol "KiOR."
How much funding has Kior raised?
Kior has raised a total of $225M across 2 funding rounds:
Stock Offering
$150M
Debt
$75M
Stock Issuance/Offering (2011): $150M, investors not publicly disclosed
Debt (2012): $75M led by Khosla Ventures and Government of Alberta
Key Investors in Kior
Khosla Ventures
Khosla Ventures is a venture capital firm founded in 2004, known for its focus on breakthrough technologies across various sectors including sustainable energy and advanced materials. They provide venture assistance and strategic advice to entrepreneurs.
Government of Alberta
The Government of Alberta, through its initiatives, likely supports companies contributing to environmental sustainability and economic development within the province, particularly in the energy sector.
What's next for Kior?
With a substantial enterprise-level funding context and a recent strategic investment, Kior is positioned for significant expansion. The company's focus on sustainable transportation fuels aligns with growing global demand for cleaner energy alternatives. Future developments will likely involve scaling production capabilities, optimizing its proprietary technology platform, and potentially forging new strategic partnerships to broaden market access. The company's ability to convert biomass into viable transportation fuels could play a crucial role in the transition to a lower-carbon economy.
See full Kior company page
