Ki 13 Secures $5 Mn Seed Funding to Advance Green Hydrogen Technology

The funding round was led by HICO Investment Group. Burgest, Triple Impact Ventures, GiTV, and Desai Ventures also invested in the round.

Ki 13 also received additional non-dilutive funding from Innovate UK. This support will help the company move its technology closer to commercial use.

Ki 13 is developing a technology that uses biomass to produce green hydrogen and biogenic CO₂ separately. These materials can be used to make cleaner fuels and chemicals, including sustainable aviation fuel (e-SAF), e-methanol, and e-methane.

"Economics drive meaningful change, and the world needs a radical cost difference in how synthetic fuels and chemicals are made to drive the transition at scale and at pace. We started with a first principles approach to completely rethink how to approach the problem, "said Koji Muto, co-founder and CEO of Ki 13.

Christopher Hartnoll, CEO and Managing Director of HICO Investment Group, said the firm's continued support of Ki 13 reflects the company's progress since its pre-seed round and its development of the technology: "We have long held the view that the biggest barrier to scaling green hydrogen and synthetic fuels is not demand, but economics. By fundamentally rethinking how hydrogen and biogenic CO₂ are produced, Ki 13 has the potential to materially reduce feedstock costs and unlock a more commercial path to scale."

Ki 13 will use the seed funding to build an industrial pilot plant. This will allow the company to test its biomass electrolysis technology on a larger scale.

The pilot plant will also help Ki 13 improve its technology and move closer to commercial use.

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