Monolith Materials, which was founded in 2012, developed a process technology that converts natural gas into clean hydrogen and a solid carbon material called carbon black, a critical raw material in the automotive and industrial sectors. The company is currently in the operating stage of Olive Creek 1 (OC1), its first commercial-scale emissions-free production facility designed to produce approximately 14,000 metric tons of carbon black annually along with clean hydrogen.
| Date | Amount | Type | Investors | Valuation |
|---|---|---|---|---|
| 11/30/20 | undisclosed | Strategic |
Mitsubishi Heavy Industries America | undisclosed |
| 07/14/22 | $300,000,000 | Venture |
Azimuth Capital Management Decarbonization Partners  Mitsubishi Heavy Industries America NextEra Energy Resources SK Capital TPG Rise Climate | undisclosed |
| 09/28/24 | undisclosed |
Azimuth Capital Management Cornell Capital Decarbonization Partners TPG Rise Climate Warburg Pincus | undisclosed |
