Sundrop Fuels Receives $155,000,000 New Financing Round

  • Feed Type
  • Date
    7/11/2011
  • Company Name
    Sundrop Fuels
  • Mailing Address
    2410 Trade Centre Avenue Longmont, CO 80503
  • Company Description
    Sundrop Fuels, Inc. is a gasification-based advanced biofuels company with corporate headquarters in Colorado. The company’s propriatery high-temperature radiant particle reactor turns virtually any kind of cellulosic material into ultra-clean, affordable biobased “green gasoline” or other transportation fuel for direct use in today’s automobiles, diesel engines and aircraft.
  • Website
    http://www.sundropfuels.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $155,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    Enabling Sundrop Fuels to expand operations and begin construction of a commercial demonstration facility to produce biobased “green gasoline” made from cellulosic material.
  • M&A Terms
  • Venture Investor
    Chesapeake Energy
  • Venture Investor
    Oak Investment Partners