Manta Biofuel (Equity)
Funding Details
- Awarder
- StartEngine
- Date Award
- September 20, 2023
- Vertical
- Water Treatment
- Funding URL
- View Funding Page
- Valuation
- $8,980,000
- Funding Amount:
- $531,262,610,000
Company Info
- Founding Year
- 2018
- Traction
- In 2022, Manta Biofuel launched its water treatment service, achieved its first revenue, and conducted successful field trials with prospective customers. They have a growing customer pipeline and are planning further demonstrations in 2023.
- Revenue Amount
- $14,160,000,000
- Organizations Involved
- Maryland Port Administration, Columbia Association
- Founders
- Chris Lindsay, Ryan Powell, Onur Unal
- Company Description
- Manta Biofuel produces cost-effective renewable fuel oil from algae.
- Market
- Environmental Technology
- Location
- Owings Mills, MD, US
- Coinvestors
- Exelon, U.S. Department of Energy, State of Maryland, professional angel investors