Rivan Secures £25M To Scale Synthetic Fuel Production

The company has raised €28.7 million (£25 million) in funding to scale synthetic fuel production across Europe.

The round was led by IQ Capital with participation from Plural, following its earlier €11.4 million seed round backed by investors including 20VC, NFDG, and Stripe founders Patrick and John Collison.

Rivan’s long term goal is to reduce the cost of synthetic fuels to a level competitive with fossil fuels, enabling large-scale emissions reduction in heavy industry and helping remove gigatonnes of CO₂ from the atmosphere.

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With the fresh funding, Rivan plans to accelerate deployment, scale its R&D efforts, and support the launch of a new manufacturing facility in Europe.

Over the next 12 months, the company will focus on Project Steadfast, a 15MW plant in Wiltshire, which is expected to become the largest SNG (synthetic natural gas) facility in Europe.

According to the company it will also mark the first time SNG is injected into the UK gas grid, representing a major step forward in advancing clean fuel infrastructure and reducing reliance on fossil fuels.

About Rivan Industries

Rivan Industries makes synthetic fuels for industries that are difficult to electrify. It's aims to create affordable alternatives to fossil fuels and reduce CO₂ emissions helping heavy industries shift towards cleaner and more sustainable energy solutions worldwide.