Arxax Secures Funding for Emission-Cutting Tech
Deal News | Mar 04, 2025 | CDP Venture Capital
Arxax, a cleantech startup focused on reducing emissions in road transport, has successfully raised 1 million euros in funding from CDP Venture Capital. This capital injection will support the development of Arxax's innovative low-emission refueling network, a critical component of the ongoing energy transition within the industry. This strategic financial backing highlights the growing investment interest in sustainable and environmentally considerate technologies, particularly in transportation sectors that contribute significantly to global emissions. The company's initiative is expected to foster significant advancements in the reduction of carbon footprints associated with road transport. With the increasing emphasis on sustainability, Arxax's project aims to showcase how technological innovation can contribute to environmental preservation and energy efficiency within the logistics and transportation sectors.
Sectors
- Cleantech
- Transportation
- Venture Capital
Geography
- Italy – CDP Venture Capital is based in Italy, and the investment is part of the country's focus on sustainable innovations.
- European Union – Arxax's initiative aligns with the EU's broader goals of reducing emissions and promoting sustainable transport solutions.
Industry
- Cleantech – Arxax operates within the cleantech sector, focusing on technologies that reduce environmental impacts and promote sustainability.
- Transportation – The investment is aimed at decarbonizing road transport, a critical focus area within the transportation industry.
- Venture Capital – CDP Venture Capital represents the venture capital sector's role in financing innovative and sustainable startups.
Financials
- 1 million euros – The amount raised by Arxax to develop its low-emission refueling network.
Participants
Name | Role | Type | Description |
---|---|---|---|
Arxax | Target Company | Company | A cleantech startup working on low-emission refueling technologies for road transport. |
CDP Venture Capital | Venture Capital Investor | Company | An Italian venture capital firm investing in innovative and sustainable startups. |