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New Deal


Announced

Completed

SK Innovation led a $139m Series B funding round in Amogy.

Financials

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Transaction Value£113m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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United States

Private

Completed

research and product development

Renewable Energy Equipment

Private Equity

Friendly

Cross Border

Venture Capital

Minority

Single Bidder

Synopsis

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SK Innovation, a petroleum, alternative energy, and oil exploration company, led a $139m Series B funding round in Amogy, a sustainable energy start-up that is working on a novel carbon-free energy system using ammonia as a renewable fuel, with participation from Temasek, Korea Zinc, Aramco Ventures, AP Ventures, Yanmar Ventures, SAEV Guernsey, Zeon Ventures and DCVC. Amogy aims to commercialise its technology for maritime shipping, as well as industrial power generation applications, over the upcoming years.

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