Ki 13 Secures $5 Million in Seed Funding
Ki 13, a London-based deeptech company, has successfully closed a $5 million seed funding round aimed at advancing its innovative green hydrogen and biogenic CO₂ production technology. The funds will primarily support the development of a pilot plant utilizing biomass electrolysis, a pivotal step towards commercializing their technology.
Investment Details
The seed funding round was led by HICO Investment Group, with additional participation from Burgest, Triple Impact Ventures, GiTV, and Desai Ventures. In a significant boost, Ki 13 also received non-dilutive funding from Innovate UK, further aiding its technological advancements.
Company Vision and Technology
Ki 13 focuses on producing green hydrogen and biogenic CO₂ at competitive costs, utilizing these feedstocks for the creation of synthetic e-fuels such as Sustainable Aviation Fuel (e-SAF), e-Methanol, and e-Methane. The company's approach involves a novel use of biomass electrolysis, which could revolutionize the production of cleaner fuels and chemicals.
Koji Muto, Co-Founder and CEO of Ki 13, emphasized the importance of economic feasibility in transforming the energy sector: "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."
Development Plans
The newly acquired funding will enable Ki 13 to establish an industrial pilot plant, a crucial step towards moving their biomass electrolysis technology from the lab to industrial-scale application. This development is expected to accelerate the commercial viability of their green hydrogen and biogenic CO₂ production methods.
Leadership
The company is led by Co-Founder and CEO Koji Muto, with Carl Banbury as the former Founder and COO, both of whom bring significant experience and expertise to the table.
Ki 13's innovative approach and recent funding success position it as a key player in the transition towards more sustainable fuel sources.