EPFL-founded exhaust filtering system spinout Daphne Technology has been backed by investors including oil producer Saudi Aramco.

Daphne Technology, a Switzerland-based marine exhaust cleaning system developer based on École polytechnique fédérale de Lausanne research, has closed a Sfr4.9m ($4.9m) round featuring Saudi Aramco Energy Ventures, the corporate venturing arm of oil producer Saudi Aramco, according to VentureKick.
The round featured VC vehicle Innovation Fund, whose limited partners include another oil and gas company Total, advanced materials and speciality chemicals firm Solvay and chemicals producer BASF. An unnamed angel investor also took part.
Founded in 2017, Daphne Technology is working on a nanotechnology-powered exhaust filter for marine engines and boilers that will enable maritime carriers to reduce toxic air emissions from their vessels.
Daphne’s technology relies on a catalyst system to convert the oily discharge into an agricultural plant fertiliser, further enhancing the sustainability credentials of its product.
The capital will allow Daphne to begin manufacturing industrial-sized models of its technology as it looks…

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