Joule Secures $40,000,000 New Financing

  • Feed Type
  • Date
    5/11/2015
  • Company Name
    Joule
  • Mailing Address
    18 Crosby Drive Bedford, MA 01730 USA
  • Company Description
    Joule is pioneering the production of Liquid Fuel from the Sun, surpassing today’s barriers to abundant, sustainable, cost-competitive supply.
  • Website
    http://www.jouleunlimited.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $40,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    The proceeds will be applied towards a staged industrialization of its patented, reverse-combustion process, including the near-term expansion of Joule’s production field in Hobbs, New Mexico. This will lead to the longer-term build-out of a 1,000-acre plant to begin in 2017.
  • M&A Terms
  • Venture Investor
  • Venture Investor