Velocys lands $40M in growth capital

In the UK, Velocys has begun a new chapter following the completion of its take-private on January 18, 2024. As part of the transaction, a new consortium of growth investors, including Carbon Direct Capital, Lightrock, GenZero and Kibo Investments, has infused Velocys with $40 million of growth capital. The funds will be used to accelerate the delivery of Velocys’ proprietary technology to customer projects whilst further building its technology leadership, scaling its production and enhancing the breadth and depth of the team’s expertise.