NEON advises UVC Partners on $62 million oversubscribed Series A round of Reverion

9 September 2024 | NEON advises UVC Partners on $62 million oversubscribed Series A round of Reverion.

Reverion, a leading developer of carbon-negative, fuel cell-based power plants, has raised $62 million in an oversubscribed Series A funding round led by Energy Impact Partners. The round included participation from Honda Xcelerator Ventures, the European Innovation Council (EIC), and existing investors such as UVC Partners, Extantia Capital, and Green Generation Fund.

The funds will enable Reverion to scale production of its innovative biogas-based power plants, which have already attracted over $100 million in pre-orders. Reverion’s technology doubles electricity output from biogas and allows reversible operation for producing and storing renewable gases, positioning the company as a key player in the global transition to sustainable energy. UVC Partners leveraged their extensive network and experience in scaling hardware startups to support this transformative investment.