Oxylus Energy raises $4.5 million seed round for clean fuel technology

Oxylus Energy closed its $4.5 million series seed investment co-led by Toyota Ventures and Azolla Ventures with participation from Earth Foundry and Connecticut Innovations. “We are thrilled to support the team at Oxylus Energy as they work to scale this cost-effective process for e-fuel production,” said Lisa Coca, climate fund partner, Toyota Ventures. “Eliminating the need for hydrogen as an input is a significant innovation in the green energy space that has the potential to dramatically reduce production costs and unlock numerous decarbonisation pathways.” Azolla Ventures general partner Amy Duffuor commented: “Oxylus Energy’s technical progress combined with the novel catalyst,