Paris-based Spark Cleantech has raised €30 million in Series A funding to help “hard-to-abate” sectors like glassmaking, metallurgy, and battery production transition away from fossil fuels. The round, which includes €17 million in equity, was led by 360 Capital and Taranis, with support from the Île-de-France Reindustrialisation Fund and Asterion Ventures.
Since its 2022 launch at CentraleSupélec, Spark has developed a proprietary pulsed plasmolysis technology. This process sits between a factory’s gas supply and its burners, stripping carbon from natural gas to create a clean-burning hydrogen stream. Not only does this cut emissions by 85%, but it also produces a valuable solid carbon nanomaterial used in polymers and batteries.
Key Goals for the Funding:
- Scale-up: Finalize and launch the first industrial production module.
- Expansion: Recruit 20 new experts in R&D, engineering, and sales.
- Market Entry: Finalize commercial carbon grades for the battery and polymer sectors.
