Rivan Raises £10m for Synthetic Fuel Innovation
Deal News | May 21, 2025 | Business Cloud
London-based Rivan has secured £10 million in funding to advance its research and development of synthetic fuels. The capital will be used to enhance its electrolyser, direct-air-capture, and Sabatier reactor modules while scaling its pilot plant up to 1MW. Rivan aims to reduce the 22% of global emissions from heavy industry reliant on natural gas, offering modular plants powered by off-grid solar to inject synthetic natural gas into pipelines. With a production facility in Bermondsey, Rivan's first pilot has been deployed at a decommissioned UK military base. The company's CEO, Harvey Hodd, emphasizes the importance of developing cost-effective solutions for decarbonizing hard-to-abate industries. The funding round was led by Plural, indicating strong investor confidence in Rivan's mission to provide energy security and tackle the climate crisis.
Sectors
- Renewable Energy
- Environmental Technology
- Industrial Manufacturing
Geography
- United Kingdom – Rivan is based in London and operates its manufacturing facility in South London, UK.
- Europe – Rivan plans to implement its solutions across the UK and Europe, addressing regional energy concerns.
Industry
- Renewable Energy – Rivan's work in creating synthetic fuels and utilizing solar-powered systems falls within the renewable energy sector.
- Environmental Technology – The company's focus on carbon capture and reduction of industrial emissions places it within the environmental technology sector.
- Industrial Manufacturing – Rivan designs and manufactures modular carbon capture and fuel systems, aligning with industrial manufacturing activities.
Financials
- £10 million – The total funding amount secured by Rivan in the recent investment round.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Rivan | Target company | Company | A London-based company focused on synthetic fuels and energy security. |
| Harvey Hodd | Founder and CEO | Person | CEO of Rivan, spearheading efforts in developing cost-effective synthetic fuels. |
| Plural | Lead Investor | Company | A venture capital firm that led the recent investment round in Rivan. |
| 20VC | Investor | Company | A venture capital firm that participated in Rivan's funding round. |
| NFDG (Nat Friedman and Daniel Gross) | Investor | Company | Investors that participated in the funding round for Rivan. |
| Patrick and John Collison | Prominent angel investors | Person | Angels known for significant investments, part of the funding round. |
| Taavet Hinrikus | Partner at Plural | Person | Partner at Plural, involved in the Rivan investment. |