Mote, a technology leader in carbon-negative energy production, has successfully closed the first phase of its $15 million Series A funding round, securing $7 million in investment. The round was led by Nella Next and Preston-Werner Ventures, with participation from Counteract and other strategic partners.
Mote specializes in Biomass Carbon Removal and Storage (BiCRS), converting agricultural and forestry waste into clean hydrogen and other energy outputs while permanently sequestering CO₂. The company’s patented innovations enhance hydrogen production, improve efficiency, and reduce emissions, offering a scalable solution that strengthens domestic energy independence, supports forestry and land management, and removes CO₂ from the atmosphere.
“Mote addresses both sustainability and energy security, bringing critically needed innovation to the U.S. energy landscape,” said Joshuah Stolaroff, CEO of Mote. “We’ve received broad support and expert endorsements over the years because of the strong fundamentals of our approach. This initial Series A investment reflects continued demand for carbon-negative energy solutions, reinforcing that clean energy can be economically viable and contribute to U.S. energy leadership.”
With this funding, Mote is poised to expand its carbon-negative energy solutions, accelerating the transition to clean hydrogen production and sustainable biomass utilization.