Fuel Cell Startup Emefcy Raises $5m Series A Financing

Emefcy, a microbial fuel cell startup based in Caesarea, Israel, has raised $5 million at a company value of more than $10 million, post-money.

UK investment fund Pond Venture Partners led the round, joined by current Emefcy investors Israel Cleantech Ventures Funds and Plan B Ventures, according to Globes and IVC Online.

Emefcy, co-founded by serial entrepreneurs Eytan Levy and Ronen Shechter, is developing the MEGAWATTER™ technology. This technology produces low cost electricity (at $0.10/kWhr) and hydrogen in a bio-electro-chemical process from wastewater treatment by leveraging Microbial Fuel Cell (MFC) technology.

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