About STAX
STAX is a company based in Los Angeles (United States) founded in 2016 by Bob Sharp.. STAX has raised $50 million across 3 funding rounds from investors including Deutsche Bank, Firstime Ventures and Upper90. STAX offers products and services including Emissions Capture Technology, Mobile Emissions Control, and Land-Based Emissions Solutions. STAX operates in a competitive market with competitors including Eniram, Smart Green Shipping, Explicit, Yara Marine and FUELSAVE, among others.
- Headquarter Los Angeles, United States
- Founders Bob Sharp
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Sectors
Transportation, Automotive & LogisticsEnvironment
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$50 M (USD)
in 3 rounds
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Latest Funding Round
$10 M (USD), Series C
Feb 26, 2025
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Investors
Deutsche Bank
& 2 more
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Employee Count
Employee Count
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Products & Services of STAX
STAX offers a comprehensive portfolio of products and services, including Emissions Capture Technology, Mobile Emissions Control, and Land-Based Emissions Solutions. 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.
Captures and controls pollutants from vessels and generators.
Provides portable solutions for emissions reduction in ports.
Treats exhaust from data center generators to minimize emissions.
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Funding Insights of STAX
STAX has successfully raised a total of $50M across 3 strategic funding rounds. The most recent funding activity was a Series C round of $10 million completed in February 2025. 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 3
- Last Round Series C — $10.0M
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First Round
First Round
(17 Jul 2024)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2025 | Amount | Debt – Conventional - STAX | Valuation |
investors |
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| Feb, 2025 | Amount | Series C - STAX | Valuation |
investors |
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| Jul, 2024 | Amount | Series C - STAX | Valuation | Upper90 |
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| 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 STAX
STAX has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Deutsche Bank, Firstime Ventures and Upper90. 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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Firstime Ventures is focused on investing in sustainable technology companies.
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Founded Year | Domain | Location | |
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Seed and early-stage tech startups are invested in by Upper90.
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Founded Year | Domain | Location | |
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Diversified banking and financial services are provided globally.
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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 STAX
| 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 - STAX
| 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 |
Stax Comparisons
Competitors of STAX
STAX 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 Eniram, Smart Green Shipping, Explicit, Yara Marine and FUELSAVE, 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 |
Fuel saving system for maritime vessels
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| domain | founded_year | HQ Location |
Auxiliary sails for ship propulsion systems are developed.
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| domain | founded_year | HQ Location |
Maritime emissions are monitored through microsensor technology and data systems.
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| domain | founded_year | HQ Location |
Emission control systems for the maritime sector are provided.
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| domain | founded_year | HQ Location |
Offers solutions to improve fuel efficiency in engines.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Latest news on Stax
Frequently Asked Questions about STAX
When was STAX founded?
STAX was founded in 2016 and raised its 1st funding round 8 years after it was founded.
Where is STAX located?
STAX is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.
Who is the current CEO of STAX?
Michael D Walker is the current CEO of STAX.
Is STAX a funded company?
STAX is a funded company, having raised a total of $50M across 3 funding rounds to date. The company's 1st funding round was a Series C of $40M, raised on Jul 17, 2024.
What does STAX do?
STAX was founded in 2016 and is headquartered in Los Angeles, United States. Emission control and treatment systems for the maritime sector are developed and supplied. A mobile diesel emission reduction system is utilized to remove NOx, SOx, PM, and CO2 from oceangoing vessels, backup generators, ships at anchor, and boiler emissions at berth. Operations focus on diesel exhaust treatment for marine applications.
Who are the top competitors of STAX?
STAX's top competitors include Smart Green Shipping, Explicit and Eniram.
What products or services does STAX offer?
STAX offers Emissions Capture Technology, Mobile Emissions Control, and Land-Based Emissions Solutions.
Who are STAX's investors?
STAX has 3 investors. Key investors include Deutsche Bank, Firstime Ventures, and Upper90.