Prometheus Fuels Overview
- Year Founded
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2018
- Status
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Private
- Employees
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41
- Latest Deal Type
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Series B
- Latest Deal Amount
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$100M
- Investors
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12
Prometheus Fuels General Information
Description
Developer of energy storage and synthetic fuel technology designed for long-duration energy storage and fuel production. The company's platform converts electricity into liquid fuels through direct air capture and electrochemical processes, enabling utilities, industrial operators, and transportation providers to store energy and produce fuels from renewable electricity.
Contact Information
Website
www.prometheusfuels.aiCorporate Office
- 601 Swift Street
- Santa Cruz, CA 95060
- United States
Corporate Office
- 601 Swift Street
- Santa Cruz, CA 95060
- United States
Prometheus Fuels Valuation & Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 5. Early Stage VC (Series B) | 23-Sep-2021 | $100M | Completed | Generating Revenue | ||
| 4. Early Stage VC (Series A) | 30-Mar-2020 | Completed | Generating Revenue | |||
| 3. Early Stage VC (Series A) | 31-Aug-2019 | Completed | Generating Revenue | |||
| 2. Early Stage VC (Series A1) | 31-Mar-2019 | $2.25M | $2.37M | Completed | Generating Revenue | |
| 1. Accelerator/Incubator | 18-Mar-2019 | $125K | $125K | Completed | Generating Revenue |
Prometheus Fuels Cap Table
| Stock | # of Shares Authorized |
Par Value | Dividend Rate (%) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
|---|---|---|---|---|---|---|---|---|
| Series B | ||||||||
| Series A-5 | ||||||||
| Series A-4 | ||||||||
| Series A-3 | ||||||||
| Series A-2 | 931,274 | $0.000100 | 6% | $0.85 | $0.85 | 1x | $0.85 | 4.54% |
| Series A-1 | 1,320,327 | $0.000100 | 6% | $0.11 | $0.11 | 1x | $0.11 | 6.44% |
VC Exit Predictor
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Opportunity Score
Calculated using Exit Type probabilities, the company’s stage, and PitchBook’s historical returns data.
Exit Type
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Prometheus Fuels Comparisons
Industry
Financing
Details
Prometheus Fuels Competitors (12)
One of Prometheus Fuels’s 12 competitors is LanzaJet, a Venture Capital-Backed company based in Deerfield, IL.
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| LanzaJet | Venture Capital-Backed | Deerfield, IL | ||||
| Oberon Fuels | Venture Capital-Backed | San Diego, CA | ||||
| C-Capture | Venture Capital-Backed | Harrogate, United Kingdom | ||||
| Carbon Engineering | Formerly VC-backed | Squamish, Canada | ||||
| WasteFuel | Venture Capital-Backed | Los Angeles, CA |
Prometheus Fuels Related Research & Analysis
Explore institutional-grade private market research from our team of analysts.
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Verticals
Prometheus Fuels Patents
Prometheus Fuels Recent Patent Activity
| Publication ID | Patent Title | Status | First Filing Date | Technology (CPC) | Citations |
|---|---|---|---|---|---|
| WO-2025217337-A1 | Systems and methods for optimizing fuel production from behind-the-meter solar power | Pending | 10-Apr-2024 | ||
| AU-2024380530-A1 | Selectable fuel compositions | Pending | 17-Nov-2023 | ||
| EP-4809046-A1 | Selectable fuel compositions | Pending | 17-Nov-2023 | ||
| US-20260317917-A1 | Selectable fuel compositions | Pending | 17-Nov-2023 | ||
| WO-2025106873-A1 | Selectable fuel compositions | Inactive | 17-Nov-2023 | C10G2/50 |
Prometheus Fuels Signals
Growth Rate
Growth
Size Multiple
Key Data Points
Similarweb Unique Visitors
Majestic Referring Domains
Prometheus Fuels Investors (12)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
|---|---|---|---|---|
| Alpha Wave Global | Growth/Expansion | Minority | ||
| A.P. Moller - Maersk | Corporation | Minority | ||
| Emles Venture Partners | Venture Capital | Minority | ||
| Fundamental Ventures | Venture Capital | Minority | ||
| Maersk Growth | Corporate Venture Capital | Minority |
Prometheus Fuels FAQs
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When was Prometheus Fuels founded?
Prometheus Fuels was founded in 2018.
-
Where is Prometheus Fuels headquartered?
Prometheus Fuels is headquartered in Santa Cruz, CA.
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What is the size of Prometheus Fuels?
Prometheus Fuels has 41 total employees.
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What industry is Prometheus Fuels in?
Prometheus Fuels’s primary industry is Energy Production.
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Is Prometheus Fuels a private or public company?
Prometheus Fuels is a Private company.
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What is the current valuation of Prometheus Fuels?
The current valuation of Prometheus Fuels is .
-
What is Prometheus Fuels’s current revenue?
The current revenue for Prometheus Fuels is .
-
How much funding has Prometheus Fuels raised over time?
Prometheus Fuels has raised $116M.
-
Who are Prometheus Fuels’s investors?
Alpha Wave Global, A.P. Moller - Maersk, Emles Venture Partners, Fundamental Ventures, and Maersk Growth are 5 of 12 investors who have invested in Prometheus Fuels.
-
Who are Prometheus Fuels’s competitors?
LanzaJet, Oberon Fuels, C-Capture, Carbon Engineering, and WasteFuel are some of the 12 competitors of Prometheus Fuels.
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