Categories: sustainable investment

Kvasir PR: Celebrating the investment. From left: Mette Fløe Nielsen, VÅR Ventures, Joachim Bachmann Nielsen, CEO & Co-founder, Kvasir Technologies, Anders Kristoffersen, COO & Co-founder, Kvasir Technologies, and Lasse Truels Köhler, Maersk Growth

27 April 2023 09:00

VÅR Ventures and Maersk Growth announce their investment into Danish biofuel company Kvasir Technologies to accelerate the path away from fossil fuel dependency

Copenhagen, April 27, 2023. Kvasir Technologies, a Danish technology company developing a proprietary, cutting-edge process to produce carbon-neutral biofuel from non-edible biowaste material, has raised an investment round of EUR 2.15 million from lead investor VÅR Ventures with participation from Maersk Growth. With this investment round, Kvasir Technologies has raised nearly EUR 7 million this

Change the fuel, not the engine.

Kvasir Technologies is a Danish clean-tech company leading innovation in biofuel production. Established in 2018 as a spin-out from the Technical University of Denmark, the company specializes in converting non-edible, waste-based biomass into a direct, 1:1 substitute for fossil fuels. Its technology offers a simple, sustainable, and scalable solution for biofuel production, facilitating the transition to carbon-neutral energy.

Kvasir Technologies provides CO2-neutral, drop-in biofuels that require no switching or additional storage costs, making them a seamless addition to existing infrastructure. With a dedicated team of experts, Kvasir Technologies is committed to advancing cost-effective, sustainable energy solutions that contribute to a cleaner, more sustainable future.