The electofuel provider's latest round was co-led by NextEra Energy Resources and Amazon Climate Pledge Fund and included Mitsubishi Heavy Industries.

E-commerce group Amazon’s Climate Pledge Fund has co-led a $69m funding round for US-based alternative fuel producer Infinium with an unnamed subsidiary of energy utility NextEra Energy Resources.

Industrial manufacturer Mitsubishi Heavy Industries (MHI) also participated in the round, as did AP Ventures, 8090 Partners and Pavilion Capital.

Infinium has developed what it refers to as electrofuels, a low-carbon alternative to diesel and traditional aviation fuels generated from renewable energy sources that can be used without converting existing equipment.

NextEra…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.
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