NitroVolt is a Danish startup focused on innovative solutions for sustainable ammonia production, primarily targeting the agricultural sector. Founded by Suzanne Zamany Andersen and Mattia Saccoccio, the company has raised €3.5 million in seed funding, primarily from investors such as BackingMinds and the EQT Foundation. The company is based in Søborg, Denmark. NitroVolt aims to revolutionize ammonia production by developing cost-effective, on-site solutions that reduce carbon emissions and enhance the efficiency of farming operations.
| Attribute | Information |
|---|---|
| Founding Date | 2023 |
| Headquarters | Søborg, Denmark |
| Founders | Suzanne Zamany Andersen, Mattia Saccoccio |
| Revenue | Not publicly disclosed |
| Profits | Not publicly disclosed |
| Key Investors | BackingMinds, EQT Foundation, EIFO, Satgana, DivisionM |
| Industry | Climate Tech, Agriculture |
| Number of Employees | Estimated between 10-50 |
NitroVolt's inception can be traced back to academic research at the Technical University of Denmark. Initially known as Nitrofix Solutions, the company evolved out of the university's SurfCat and CatTheory research groups. These groups were focused on the potential of electrochemical processes for sustainable ammonia production. In its early days, NitroVolt benefited from the university's entrepreneurial ecosystem, which provided substantial support and mentorship. The company’s technology is rooted in the professors Ib Chorkendorff and Jens Nørskov's pioneering work on the electrochemical synthesis of ammonia, setting the stage for what would become its patented "Nitrolyzer" unit. After spinning out from the university in late 2023, NitroVolt quickly established itself as a frontrunner in ammonia production technologies that aim to minimize carbon footprints by using renewable resources.
NitroVolt operates within the climatetech and agricultural industries, focusing on decentralized ammonia production. The company's main product, the "Nitrolyzer," is an innovative technology that enables the production of ammonia using only air, water, and electricity. This groundbreaking solution provides:
Currently, NitroVolt is advancing the scalability of its Nitrolyzer technology, targeting significant increases in production capabilities. By the end of 2024, they aim to produce green ammonia at a thousandfold increase compared to previous levels. Their operations involve pioneering localized ammonia production directly at the point of use, which not only reduces the carbon footprint but also logistics and transportation costs often associated with traditional nitrogen fertilizer distribution. In the climatetech space, NitroVolt's innovative approach places it at the forefront, vying to make an impactful change in how ammonia is produced and used globally.
NitroVolt represents a promising and innovative force within the climatetech and agricultural sectors. With its roots in academic research and cutting-edge technological solutions, the company is poised to redefine sustainable ammonia production. Through strategic funding and collaborations, NitroVolt is working to develop scalable production facilities that align with global sustainability goals. Looking forward, NitroVolt's impact is likely to grow as it expands its capabilities and solidifies its position in the market, potentially leading to significant shifts in agricultural practices and contributing to reducing carbon emissions on a global scale.