Last updated 2026-06-18
- Raised $9M funding round, Jan 2011
- Raised $1M grant, Sep 2015
- Raised $429k grant, Jun 2014
Total raised
$11.0M
Last: Grant 2015-09
Stage
Series A
Founded
2011
Headcount
1-10
HQ
Rehovot, Israel
Sector
Energy Tech
About
NewCO2Fuels commercializes a technology that uses high-temperature CO2 dissociation to convert CO2 into a variety of fuels. The core technology is a high-temperature-driven CO2 and water dissociation process that produces syngas, a mixture of CO and H2, from which various synthetic fuels and chemicals can be produced. The technology's advantage lies in the overall 40% conversion efficiency of the process, enabling competitive prices without any government incentives for end-product fuels while recycling CO2 emissions. NewCO2Fuels is a subsidiary of GreenEarth Energy Limited. Its technology was conceived by Professor Jacob Karni's laboratory at the Weizmann Institute of Science.
Funding history · 4 rounds · $11.0M total
2015-09
Grant
$1.0M
2014-06
Grant
$429K
2011-01
Grant
$600K
2011-01
Q&A
- What is NewCO2Fuels' primary business?
- NewCO2Fuels commercializes technology that uses high-temperature CO2 dissociation to convert CO2 into various fuels, producing syngas from which synthetic fuels and chemicals can be made.
- When was NewCO2Fuels founded?
- NewCO2Fuels was founded in January 2011.
- What is the current status of NewCO2Fuels?
- NewCO2Fuels is currently inactive and ceased to operate in May 2022.
- How much funding has NewCO2Fuels raised in total?
- NewCO2Fuels has raised a total of $11,028,571.
- Which investors participated in NewCO2Fuels' initial funding round in January 2011?
- In January 2011, NewCO2Fuels received funding from Erdi fuels and Greenearth Energy.
- When did NewCO2Fuels receive its last recorded grant?
- NewCO2Fuels received a grant of $1,000,000 in September 2015 from the BIRD Foundation.
- Who is the founder of NewCO2Fuels?
- David Banitt is the Founder & CEO of NewCO2Fuels.
- What is NewCO2Fuels' employee count?
- NewCO2Fuels has an employee count in the 1-10 range.
Team · 1
Sectors & technology
Primary sector
Energy Tech
Sub-sectors
Energy TechEnergy Production & Sources
Target customers
Energy, Utilities & Waste ManagementRenewable Energy SystemsIndustrial ManufacturingDiscrete IndustriesAutomotive
Business model
B2GB2B
Highlights
1 Patents
Tags
hydrogenenergyautomotivefuelsalternative-fuelssmart-mobilitysolar-thermal-energyrenewable-energy
Full data — links, identifiers, deals & radar signals (jobs, patents, research, more)
External links
| linkedin.com/company/5233519 | |
| facebook.com/newco2fuels | |
| YouTube | youtube.com/channel/UCvFZ89O7Iigv3d3dTUyqnmw |
Identifiers & details
| Founded | 2011-1 |
|---|---|
| Status reason | Non Active, May 2022 ceased to operate |