Spark Cleantech has successfully raised €30 million in Series A funding to accelerate its innovative decarbonization technology for heavy industries.

Information on the Target

Spark Cleantech, a deeptech company established in 2022 within CentraleSupélec and CNRS, has recently announced a Series A funding round of €30 million, with €17 million in equity. This funding was led by 360 Capital and Taranis, with contributions from Innovacom and Asterion Ventures, an existing investor in the company. The investment aims to assist Spark in scaling its operations and preparing for the commercialization of its first production module by the end of 2027.

Spark's unique technology addresses the significant challenge of decarbonizing high-temperature industrial heat—an area still heavily reliant on hydrocarbon combustion. Their innovative approach involves a process called pulsed plasmolysis, which can convert hydrocarbons without combustion, leading to a substantial reduction in carbon emissions and the production of valuable carbon-based materials.

Industry Overview in France

The heavy industry sector in France faces mounting pressure to reduce carbon emissions while maintaining operational efficiency. Many industries rely on high-temperature processes that typ