Sunfire, a provider of gas and fuel production equipment, has received $28.8m in a round led by new strategic partner Paul Wurth that included corporates CEZ and Total.
Industrial product manufacturer Paul Wurth has led a €25m ($28.8m) series C round for Germany-based electrolyser and fuel cell developer Sunfire.
Inven Capital, the corporate venturing arm of energy utility CEZ, and Total Energy Ventures, the investment subsidiary of petroleum producer Total, also provided capital for the round, as did investment firm Idinvest Partners and angel investment group Sunfire Entrepreneurs Club.
Founded in 2010, Sunfire produces high-temperature electrolysers and fuel cells that are used to produce clean energy, hydrogen and…
