STAX Engineering, Inc. (Debt Financing and SAFE)
Funding Details
- Awarder
- Inbox
- Date Award
- February 26, 2025
- Vertical
- Emissions Capture Technology
- Funding URL
- View Funding Page
- Funding Amount:
- $70,000,000
Company Info
- Founding Year
- 2024
- Traction
- STAX has treated 426 at-berth vessels for a cumulative of 13,000 hours, capturing 100 tons of pollutants. They have established multi-year contracts with ZIM and K-Line and are actively pursuing expansion into additional U.S. and international ports.
- Organizations Involved
- ZIM, K-Line, Shell, NYK Line, Hyundai GLOVIS, Toyota, Olympus
- Company Description
- Products and services that reduce environmental toxins, promote sustainability, and reduce global warming.
- Market
- Maritime Industry
- Location
- Los Angeles, California, United States
- Coinvestors
- Firstime Credit, Deutsche Bank Private Credit & Infrastructure