About Susteon
Susteon is an Energy & Utilities company based in Cary (United States) founded in 2017 by Shantanu Agarwal and Raghubir Gupta. It operates in the Energy & Utilities and Environment sectors. Susteon offers products and services including Sustenol ERSC, ECHO, ARCUS, and ECCo. Its focus areas include Energy Tech, Energy Storage Tech, Hydrogen and Hydrogen Generation. Its legal entity is SUSTEON INC. Its competitors include Electric Hydrogen, Verdagy and Heirloom; 3 of its 3 listed competitors have raised funding.
Company details
Technology solution for decarbonization. It is a technology developer focused on industrial decarbonization, specializing in the creation of low-carbon breakthrough solutions for climate change mitigation, utilizing innovative sorbent technologies for carbon capture and utilization.
- Headquarters Cary, United States
- Founders Shantanu Agarwal, Raghubir Gupta
- SectorsEnergy & UtilitiesEnvironment
- Email••••••••
- Phone•••• ••••
- Website susteon.com
- Social LinkedIn X Facebook YouTube
- Legal Name Susteon Inc.
- Latest Funding Round$256.5K (USD), Grant
Jul 2024
- InvestorsDOE
& 1 more
Products & Services of Susteon
Susteon offers a comprehensive portfolio of products and services, including Sustenol ERSC, ECHO, ARCUS, and ECCo.
Technology for point source CO2 capture and transformation
Converts CO2 to olefins for sustainable fuel production
Processes CO2 to CO for industrial applications
Electrified system for atmospheric CO2 concentration
Apps and channels of Susteon
its YouTube channel Susteon has 0026 subscribers and 1 videos.
Videos from Susteon
The most watched videos on Susteon's YouTube channel, Susteon (0026 subscribers). Click a video to play it here.
More on Susteon.
Funding Insights of Susteon
- Total Rounds 11
- Last Round Grant — $256,500
- First Round $149,961
(Feb 2019)
- Investors Count 2
Latest 10 of 11 funding rounds of Susteon with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2024 | $256,500 | Grant | – | – | |
| Jun 2022 | $250,000 | Grant | – | – | |
| Aug 2021 | $256,000 | Grant | – | – | |
| Jun 2021 | $200,000 | Grant | – | – | |
| Jun 2021 | $1.6M | Grant | – | – | |
| Nov 2020 | $489,009 | Grant | – | – | |
| Sep 2020 | $1M | Grant | – | – | |
| Jun 2020 | $3M | Grant | – | – | |
| Jun 2020 | $1.25M | Grant | – | – | |
| Feb 2020 | $199,792 | Grant | – | – |
2 investors in total: 2 institutional.
Investors in Susteon
Susteon has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include DOE and OSTI.GOV.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Scientific and technical information is managed and disseminated by OSTI.GOV. | osti.gov | Oak Ridge, United States | ||
Energy sources and policies are managed by the DOE. | 1977 | energy.gov |
Investor details for Susteon
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Verified entity values are shown only after access is granted.
People of Susteon
14 people are tracked at Susteon (6 in leadership, 8 in team).
| Name | Role | Group |
|---|---|---|
Shantanu Agarwal | Co-Founder | Leadership |
Raghubir Gupta | Co-Founder | Leadership |
Richard McGivney | CFO | Leadership |
S James Zhou | Senior Director | Leadership |
Gary Howe | Lab Director | Leadership |
Sudarshan G. | Founding Team / Chief Operating Officer | Leadership |
Andrew Tong | R&D Manager | Team |
Arleane McKiver | Executive Assistant | Team |
Aravind Rayer | Senior Process Engineer | Team |
Cynthia McPherson | Controller | Team |
Gordon Brezicki | Research Engineer | Team |
J.P. Shen | Senior Chemist | Team |
Arnold Chris Toppo | Process Design Engineer | Team |
Ryan Zelinsky | Research Lab Engineer | Team |
Complete people profiles for Susteon
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of Susteon
3 dated milestones of Susteon across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Susteon is founded.
- Funding First funding round of $150K.
- Funding Latest funding round, Grant, of $256K.
Competitors of Susteon
Susteon has 3 listed competitors in our database, 3 of them funded. They include Electric Hydrogen, Verdagy and Heirloom.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| eh2.com | 2020 | San Carlos, United States | $602.65M | 146 | Solutions for hydrogen generation via electrolysis are provided. | |
| verdagy.com | 2021 | Moss Landing, United States | $98M | 42 | Electrolyzers for hydrogen production are supplied by Verdagy. | |
| heirloomcarbon.com | 2020 | San Francisco, United States | $203M | 110 | Carbon dioxide is removed from the atmosphere using limestone technology. |
Detailed competitors of Susteon
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Top companies in Energy Storage Systems
3 companies that operate in the same segment as Susteon (Energy Storage Systems) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Electric buses and charging systems are manufactured for fleets. | 2004 | Burlingame, California, United States | USD 857.79 M | USD 309.36 M | 418 | |
Silicon-based solar PV modules are manufactured for diverse applications. | 1985 | San Jose, California, United States | USD 171.73 M | USD 300 M | 600 | |
Iron-air energy storage systems are developed for renewable energy projects. | 2009 | Somerville, Massachusetts, United States | USD 2 B | 902 |
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Related news about Susteon
Complete news archive for Susteon
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Frequently Asked Questions about Susteon
Susteon was founded in 2017 and raised its 1st funding round 2 years after it was founded.
Susteon is headquartered in Cary, United States. It is registered at Cary, North Carolina, United States.
Technology solution for decarbonization. It is a technology developer focused on industrial decarbonization, specializing in the creation of low-carbon breakthrough solutions for climate change mitigation, utilizing innovative sorbent technologies for carbon capture and utilization.
Susteon's top competitors include Verdagy, Heirloom and Electric Hydrogen.
Susteon offers Sustenol ERSC, ECHO, ARCUS, and ECCo.
Susteon operates through Susteon Inc..