Mote Inc., a leader in carbon-negative energy production, has secured $7 million to advance its biomass-to-energy technology in the first close of its Series A funding round, led by Nella Next and Preston-Werner Ventures.
This investment is part of a targeted $15 million funding round. Additional contributions came from Counteract and other strategic partners focused on U.S. energy security.
Mote converts agricultural and forestry waste into clean hydrogen or other energy outputs while capturing and storing carbon dioxide (CO2), a process known as biomass carbon removal and storage (BiCRS).
Its patented approach enhances hydrogen production, increases efficiency, and reduces emissions, offering a scalable solution for domestic energy independence and CO2 reduction.
The Series A funding will help develop Mote’s first commercial-scale facility, expand engineering capabilities, and strengthen strategic partnerships across the hydrogen, forestry, and energy sectors.
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“Mote addresses both sustainability and energy security, bringing critically needed innovation to the U.S. energy landscape,” said Joshuah Stolaroff, CEO of Mote.
He emphasized the strong support the company has received and noted that the investment reflects ongoing demand for carbon-negative energy solutions.
The U.S. Department of Energy (DOE) estimates that up to 1.5 billion dry tons of biomass are available annually for energy production, creating a significant opportunity for carbon-negative hydrogen.
The global low-carbon hydrogen market is expected to grow from $26.39 billion in 2024 to $113.13 billion by 2034, driven by increasing demand for sustainable energy solutions.
“Investing in Mote represents our confidence in the team’s innovation and leadership,” said Travis Lane, CEO of Nella Next.
Tom Preston-Werner of Preston-Werner Ventures added: “Mote’s technology turns waste into value—delivering clean energy while addressing critical environmental challenges.”
Mote’s BiCRS process, developed from research at Lawrence Livermore National Laboratory, has gained support from multiple government agencies.
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