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§ Private Profile · Laval, QC, Canada
Biomass torrefaction technology developer producing its biocoal, biochar, and biocarbon for clean energy and industry.
Airex Energy is a Laval, Quebec-based cleantech company that develops proprietary biomass torrefaction technology to convert organic waste into biocoal, biochar, and biocarbon. The organization generates revenue by selling its CarbonFX torrefaction systems and forming joint ventures to operate industrial-scale production facilities. Operating with between 11 and 50 employees, the enterprise generates approximately $5.4 million in revenue and maintains a demonstration plant with a production capacity of 15,000 tonnes per year. Airex Energy has secured $38 million in total funding through a Series B round backed by institutional investors including Investissement Québec, Desjardins, and Fonds de solidarité FTQ. The firm also established strategic partnerships with SUEZ and Groupe Rémabec to construct large-scale biochar manufacturing plants across North America and Europe. The company was founded in 2014 by Guy Drouin as a spin-off from Airex Industries.
Airex Energy has raised $38.0M across 1 funding round.
Airex Energy has raised $38.0M in total across 1 funding round.
Airex Energy has raised $38.0M across 1 funding round. Most recently, it raised $38.0M Other Equity in March 2023.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Mar 15, 2023 | $38M Venture Round | Cycle Capital Management | Desjardins Innovatech, Investissement Québec | Announced |
Airex Energy has raised $38.0M in total across 1 funding round.
Airex Energy's investors include Cycle Capital Management, Desjardins-Innovatech, Investissement Québec.