Amogy has raised USD 46 million in funding to advance its ammonia-to-power technology for heavy-duty transportation, attracting investors including SK Innovation and Saudi Aramco Energy Ventures.

Target Information

Amogy, a pioneering company in energy solutions, has successfully raised USD 46 million in a recent funding round. This round has attracted existing investors alongside notable new participants such as SK Innovation, Saudi Aramco Energy Ventures, and Newlab, highlighting the growing interest in sustainable energy technologies. The funds will primarily be directed towards the commercialization of Amogy's innovative ammonia-to-power technology.

This technology is designed specifically for heavy-duty transportation, with the aim of enabling cargo and fleet operators to transition from fossil fuels to cleaner energy alternatives. By leveraging ammonia as a power source, Amogy is positioned to make significant contributions to reducing greenhouse gas emissions within the transportation sector.

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