Founded in 2007 by Flagship VentureLabs, Joule is advancing a technology platform for Liquid Fuel from the Sun, expected to eclipse the scale, productivity and cost efficiency of any known alternative to fossil fuel today. Its transformative Helioculture™ platform directly and continuously converts sunlight and waste CO2 to infrastructure-ready diesel, ethanol or commodity chemicals with no dependence on biomass feedstocks, downstream processing or precious natural resources. This process can yield renewable fuels and chemicals in unprecedented volumes with a fraction of the land required by current methods, leapfrogging biomass-dependent approaches and eliminating the economic and environmental disadvantages of fossil fuels.
| Date | Amount | Type | Investors | Valuation |
|---|---|---|---|---|
| 01/17/12 | $70,000,000 | Third Round |
Flagship Ventures | undisclosed |
