What is Mote?
Mote is pioneering a novel approach to carbon removal by utilizing its system integration technologies to deploy proven equipment for producing hydrogen from wood waste. This innovative process not only generates hydrogen but also creates carbon credits, offering a cost-effective solution for customers seeking cleaner energy alternatives. The company's dual-revenue strategy aims to make its hydrogen offerings the least expensive on the market, driving adoption and contributing to environmental sustainability.
How much funding has Mote raised?
Mote has raised a total of $8M across 2 funding rounds:
Angel/Seed
$1M
Series A
$7M
Angel/Seed (2022): $1M with participation from Preston-werner Ventures and Counteract Partners
Series A (2025): $7M led by Preston-werner Ventures, Nella Next, and CounterAct
Key Investors in Mote
Preston-werner Ventures
Preston-Werner Ventures is an investment firm focused on forward-thinking investments in products and services that are changing the world, alongside donations to environmental and social causes, and investments in progressive legislation.
Nella Next
Nella Next LLC is a company operating in the Consumer Services industry, known for its involvement in various business sectors.
CounterAct
CounterAct is an organization dedicated to supporting environmental, social, and racial justice through training and resources for peaceful protest, empowering activists with skills for nonviolent direct action.
What's next for Mote?
With the recent major strategic investment, Mote is poised for significant expansion. The company's focus on leveraging wood waste for hydrogen production and carbon credit generation aligns with global decarbonization efforts. Future growth will likely involve scaling production capacity, expanding its customer base for both hydrogen and carbon credits, and potentially exploring further technological advancements in waste-to-hydrogen conversion. This funding round, characterized as a Series A, suggests Mote is moving from development to a scaling phase, aiming to solidify its market position in the burgeoning green hydrogen and carbon markets.
See full Mote company page
