Biggest SpinLab Alumni Funding Round: Reverion raised €56Mio Investment

The CleanTech startup Reverion, which was part of the SpinLab Accelerator program in 2022, has secured €56 million in its Series A funding round—the largest funding round for a SpinLab alumnus to date. Alongside venture capital, the round included grants as well. The funding was led by Energy Impact Partners (EIP), with participation from Honda and the European Innovation Council Fund (EIC Fund). Existing investors, including Extantia Capital, UVC Partners, Green Generation Fund, Doral Energy-Tech Ventures, and Possible Ventures, also participated. This funding will enable Reverion to commence serial production of its power plants and fulfill more than $100 million in customer pre-orders accumulated so far.

Reverion is on a mission to accelerate the transition to 100% renewable energy by harnessing the untapped potential of biogas. Their patented technology is redefining how power is generated from biomass, surpassing the limitations of conventional systems and dramatically improving both efficiency and profitability for biogas plant operators.

Traditional gas engines, widely used in biogas power generation, are often inefficient and responsible for releasing millions of tonnes of CO2 into the atmosphere each year. Reverion, however, takes a radically different approach. Their fuel cell-based power plants achieve up to 80% efficiency—double that of standard gas engines—allowing operators to generate significantly more electricity from the same amount of biogas. The power plants also offer a reversible operation mode. When there is an excess of electricity in the grid, the system can switch to producing and storing renewable natural gas or green hydrogen. Additionally, Reverion’s technology captures the CO2 produced during power generation, enabling carbon-negative biogas energy.