Avery Law advises PuriFire Energy on its £2.7m ($3.5m) seed round led by HICO Investment Group, with participation from R&R Investments, Bulnes Capital and Desai Ventures.
The investment will enable PuriFire to advance its transformative technology for sustainable fuel production. PuriFire's innovative approach streamlines the production of green hydrogen and biogenic carbon dioxide, generated in situ from wastewater and wet carbon feedstocks for the conversion of green methanol and other sustainable fuels.
About PuriFire
PuriFire aims to accelerate the transition to a low-carbon economy by providing sustainable green hydrogen and methanol solutions. PuriFire is committed to scaling its portfolio of unique technologies while minimising environmental impact, driving positive change, and creating value for its stakeholders. By leveraging the team's scientific and engineering expertise, PuriFire is dedicated to reducing greenhouse gas emissions and promoting a greener future for present and future generations.
About HICO
The HICO Investment Group was founded in 2021 by Tim Hartnoll to build on his experience and expertise building businesses in the maritime, transportation, and logistics sectors. PuriFire joins HICO's other investments in the energy transition, such as Core Power, Ki Hydrogen, Tidal Transit, and Britoil. HICO leverages close partnerships around the world to find new opportunities and expand its existing businesses and technology.
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