About RenFuel
RenFuel is a company based in Stockholm (Sweden) founded in 2012.. RenFuel offers products and services including Lignol® and Bio-based Plastics.
- Headquarter Stockholm, Sweden
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Sectors
Energy & Utilities
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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 Renfuel
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$480 K (USD), Grant
Dec 19, 2023
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Investors
European Union
& 2 more
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Employee Count
Employee Count
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Products & Services of RenFuel
RenFuel offers a comprehensive portfolio of products and services, including Lignol® and Bio-based Plastics. 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.
Lignol® is refined into fossil-free drop-in fuels that function in various engines, derived from lignin and waste materials through patented processes
Bio-based plastics are created from lignin to partially or completely replace fossil plastics, utilizing patented technology for conversion from agricultural residues
Funding Insights of RenFuel
- Total Funding Total Funding
- Total Rounds 3
- Last Round Grant — $480,000
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First Round
First Round
(01 Jun 2018)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2023 | Amount | Grant - RenFuel | Valuation |
investors |
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| Nov, 2018 | Amount | Grant - RenFuel | Valuation |
investors |
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| Jun, 2018 | Amount | Grant - RenFuel | Valuation |
investors |
| 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 RenFuel
RenFuel has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include European Union, Swedish Energy Agency and EIC Fund. 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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Government agency and accelerator focusing on innovative startups and SMEs
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Founded Year | Domain | Location | |
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The Swedish Energy Agency was established in 1998 in Eskilstuna.
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Founded Year | Domain | Location | |
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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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 RenFuel
| 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 - RenFuel
| 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 |
Renfuel Comparisons
Competitors of RenFuel
| 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 RenFuel
When was RenFuel founded?
RenFuel was founded in 2012 and raised its 1st funding round 6 years after it was founded.
Where is RenFuel located?
RenFuel is headquartered in Stockholm, Sweden.
Who is the current CEO of RenFuel?
Sven Lochen is the current CEO of RenFuel.
What does RenFuel do?
Founded in 2012 and based in Stockholm, Sweden, the company operates in the renewable energy and materials sector. Lignin, a forest industry byproduct, is processed through a patented method into renewable lignin oil, which is refined into drop-in fuels compatible with gasoline, diesel, and jet engines. Lignin is also converted into bio-based plastics that match the performance of fossil-derived versions while reducing carbon emissions.
What products or services does RenFuel offer?
RenFuel offers Lignol® and Bio-based Plastics.
Who are RenFuel's investors?
RenFuel has 3 investors. Key investors include European Union, Swedish Energy Agency, and EIC Fund.