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§ Private Profile · New Haven, CT, USA
Oxylus Energy is a technology company.
Oxylus Energy develops technology converting carbon dioxide into carbon-neutral fuels and chemical feedstocks. Its core product, green methanol, is produced via an electrochemical process using CO2, water, and renewable electricity in a single reactor. This approach valorizes carbon emissions from industrial and biogenic sources, offering sustainable carbon management.
Founded in 2023 at Yale University, Oxylus Energy emerged from the efforts of graduate students Perry Bakas, Harrison Meyer, and Dr. Conor Rooney. The co-founders identified a critical need to displace fossil fuels through scalable carbon utilization. Their insight centered on a breakthrough electrochemical catalyst transforming CO2 and water into green methanol.
Oxylus Energy targets industrial facilities and biogenic CO2 suppliers to manage and repurpose their carbon emissions. The company’s solutions enable these entities to contribute to a circular carbon economy by converting waste CO2 into products. Ultimately, Oxylus Energy envisions advancing low-carbon energy solutions and establishing a global framework for carbon reuse.
Oxylus Energy has raised $5.0M across 1 funding round.
Oxylus Energy has raised $5.0M in total across 1 funding round.
Oxylus Energy has raised $5.0M across 1 funding round. Most recently, it raised $5.0M Seed in September 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Sep 1, 2024 | $5M Seed | Azolla Ventures, Toyota Ventures | Anzu Partners, BDC Venture Capital, Energy Foundry, GE Ventures, Graphite Ventures, Ultratech Capital Partners | Announced |
Oxylus Energy has raised $5.0M in total across 1 funding round.
Oxylus Energy's investors include Azolla Ventures, Toyota Ventures, Anzu Partners, BDC Venture Capital, Energy Foundry, GE Ventures, Graphite Ventures, Ultratech Capital Partners.
Oxylus Energy is a climatetech startup developing electrochemical CO2 electrolyzers that directly convert captured CO2 and water into green methanol using renewable electricity, achieving up to 2.5x higher energy efficiency than traditional methods.[1][2][5] This drop-in fuel and chemical feedstock targets hard-to-abate sectors like shipping, aviation, chemicals, and consumer goods, which account for ~11% of global GHG emissions, by enabling onsite decarbonization and cost-competitive e-methanol production.[2][3][5] Founded in 2023 as a public benefit corporation in New Haven, CT, the company has raised $4.5M in seed funding from investors including Toyota Ventures, Azolla Ventures, Earth Foundry, and Connecticut Innovations, showing early momentum with ongoing R&D hiring and tech validation.[1][6]
Oxylus Energy was founded in 2023 by Perry Bakas (CEO), Harrison Meyer (COO), and Conor Rooney (CTO), a team of scientists, engineers, and problem-solvers emerging from Yale University's ecosystem.[1][3] The idea stemmed from breakthrough electrochemistry research, leveraging the only known catalyst for direct CO2-to-methanol conversion, addressing inefficiencies in conventional green methanol production that wastes energy via high-heat hydrogen synthesis.[2][3] Early traction includes seed funding closure in 2024, support from climate accelerators like ClimateHaven and Third Derivative, and R&D expansion with summer 2025 internships focused on membrane electrode assemblies (MEAs) and catalyst testing, positioning them for commercial scale-up.[1][6][7]
Oxylus rides the e-fuels and carbon utilization wave, capitalizing on rising demand for net-zero drop-in solutions amid global mandates for shipping (e.g., IMO decarbonization) and aviation (SAF targets) that can't fully electrify due to energy density needs.[2][5] Timing aligns with falling renewable electricity costs and CO2 capture scale-up, amplified by policies like EU ETS and US IRA tax credits favoring efficient CCUS tech.[1][6] Market forces—11% emissions from these sectors, methanol's versatility in 2/3 of chemicals—favor Oxylus's hyper-efficient path to circular carbon economies, influencing ecosystems by enabling industries to monetize waste CO2 and displace fossil hydrocarbons profitably.[3][5][7]
Oxylus is poised for pilot deployments and Series A funding post-seed, scaling modular electrolyzers to gigaton CO2 conversion as e-methanol demand surges with SAF/shipping regulations.[5][6] Trends like cheaper electrolyzers, direct air capture integration, and biogenic CO2 partnerships will accelerate growth, potentially evolving their influence from R&D innovator to market leader in industrial decarbonization. This positions Oxylus to unlock profitable clean fuels, directly displacing the fossil reliance that sparked their mission.[2][5]