Rondo Energy (Venture)
Funding Details
Awarder
Inbox
Date Award
August 1, 2023
Vertical
Industrial Decarbonization
Funding Amount
$60,000,000
Company Info
Founding Year
2020
Traction
Rondo Energy has partnerships with major companies in the fashion industry and aims to replace most fossil fuel use in fabric production, cutting the carbon footprint of clothing by nearly two-thirds.
Organizations Involved
H&M Group, Rio Tinto, Aramco Ventures, SABIC, SCG, TITAN, SEEIT
Founders
John O’Donnell, Eric Trusiewicz
Market
Fashion Supply Chain
Location
San Francisco, California, US
Coinvestors
Rio Tinto, Aramco Ventures, SABIC, SCG, TITAN, SEEIT
Company Description

Rondo Energy provides solutions to address emissions from industrial heat processes. Their Heat Battery turns intermittent renewable energy sources into continuous, high-temperature heat, enabling the replacement of fossil fuel-fired boilers. The company focuses on industrial decarbonization in the fashion supply chain.

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