About Remora
Remora is a company based in Wixom (United States) founded in 2020 by Paul Gross. It operates as a Green Energy-as-a-Service, and Revenue Share. Remora has raised $5.63 million across 4 funding rounds from investors including Climate Capital, Union Square Ventures and Lowercarbon Capital. The company has 48 employees as of December 31, 2022. Remora offers products and services including Carbon Capture for Vehicles. Remora operates in a competitive market with competitors including Zedify, ULEMCo, ClearFlame, Tula Technology and BasiGo, among others.
- Headquarter Wixom, United States
- Employees 48 as on 31 Dec, 2022
- Founders Paul Gross
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Sectors
EnvironmentTransportation, Automotive & Logistics
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Email
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Phone
*********
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Website
*********
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Social
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- Legal Name Echeneidae Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$5.63 M (USD)
in 4 rounds
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Latest Funding Round
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Investors
Climate Capital
& 7 more
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Employee Count
48
as on Dec 31, 2022
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Products & Services of Remora
Remora offers a comprehensive portfolio of products and services, including Carbon Capture for Vehicles. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Carbon capture technology is installed on vehicles.
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Funding Insights of Remora
Remora has successfully raised a total of $5.63M across 4 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Last Round
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First Round
First Round
(01 Jun 2021)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2024 | Amount | Series A - Remora | Valuation |
investors |
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| Jun, 2023 | Amount | Series A - Remora | Valuation | Climate Capital |
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| Aug, 2021 | Amount | Seed - Remora | Valuation | Union Square Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Remora
Remora has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include Climate Capital, Union Square Ventures and Lowercarbon Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital is invested in climate tech startups and entrepreneurs.
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Founded Year | Domain | Location | |
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Venture capital firm focused on blockchain, wellbeing, and multiple sectors
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Founded Year | Domain | Location | |
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Venture capital fund focused on tech startups
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Remora
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Remora
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Remora Comparisons
Competitors of Remora
Remora operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Zedify, ULEMCo, ClearFlame, Tula Technology and BasiGo, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Zero-emission last mile delivery solutions are provided to businesses.
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| domain | founded_year | HQ Location |
Low-emission hydrogen-fueled vehicles are manufactured by converting diesel commercial trucks.
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| domain | founded_year | HQ Location |
Carbon reduction solutions are provided for industrial sectors worldwide.
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| domain | founded_year | HQ Location |
Software solutions for fuel saving in engines are developed.
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| domain | founded_year | HQ Location |
Public transport services are provided in Nairobi, Kenya.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Remora
When was Remora founded?
Remora was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is Remora located?
Remora is headquartered in Wixom, United States. It is registered at Wixom, Michigan, United States.
Who is the current CEO of Remora?
Paul Gross is the current CEO of Remora. They have also founded this company.
Is Remora a funded company?
Remora is a funded company, having raised a total of $5.63M across 4 funding rounds to date. The company's 1st funding round was a Seed of $5.5M, raised on Jun 01, 2021.
How many employees does Remora have?
As of Dec 31, 2022, the latest employee count at Remora is 48.
What does Remora do?
Carbon capture technology is developed and deployed by Remora for locomotives and semi-trucks. The focus is on extracting and purifying CO2 from vehicle exhausts in the transportation sector. Up to 90 of CO2 is captured, while soot and pollutants are reduced. Revenue is generated by selling purified CO2 and sharing profits with operators.
What products or services does Remora offer?
Remora offers Carbon Capture for Vehicles.
Who are Remora's investors?
Remora has 8 investors. Key investors include Climate Capital, Union Square Ventures, Lowercarbon Capital, First Round Capital, and Y Combinator.
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