#kvasir technologies Tech News.
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Copenhagen-based Kvasir Technologies raised €10 million in Series A funding to scale its climate-neutral marine fuel. European Energy joined as a new investor alongside existing backers EIFO, Mærsk Growth, and Footprint Fund. The startup also formed a strategic partnership with European Energy to build a commercial-scale biofuel plant.
Danish biofuel startup Kvasir Technologies raised €10 million in Series A funding from European Energy, EIFO, Mærsk Growth, and Footprint Fund. The company formed KVEEN Biofuels with European Energy to build a commercial-scale facility. Its technology converts lignin-based residues into drop-in marine biofuels that require no engine modifications.
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