General Galactic, an innovative company at the forefront of producing fossil-free hydrocarbon fuel from CO2 emissions, has successfully secured $8 million in its latest seed funding round, bringing its total investment to $10 million. This milestone follows an earlier $2 million pre-seed round completed in August 2023. The funding round was led by Harpoon Ventures and Refactor Capital, with notable participation from Seraphim, Pathbreaker, BoxGroup, Plug and Play, Impact First, and Climate Capital.
As an investor in General Galactic, we at Seraphim are particularly excited about the company’s bold vision to tackle climate change through cutting-edge technology. Founded by former SpaceX and Varda Space Industries engineers, Halen Mattison and Luke Neise, General Galactic is developing a scalable solution to produce methane—an energy-dense hydrocarbon fuel—directly from CO2. This breakthrough has the potential to significantly reduce our reliance on fossil fuels while offering a sustainable alternative that integrates seamlessly into existing energy infrastructures.
Currently, General Galactic is already producing 2,000 liters of methane per day as part of its pilot phase, and the company is preparing for commercial deployments as early as 2025. Their innovative Genesis modules, which capture and convert CO2 into high-energy fuel, are set to revolutionize industries across the globe. Fuel off-take reservations are already available for companies interested in incorporating this carbon-neutral fuel into their operations.
At Seraphim, we believe the potential impact of General Galactic’s technology is huge. The company’s ability to produce carbon-neutral fuels that can be used in industries ranging from shipping to space launch is a game-changer. Their approach offers an effective way to decarbonize energy-intensive sectors without compromising on performance or existing infrastructure. Additionally, General Galactic’s technology opens up the exciting possibility of off-world fuel production, helping to lay the foundation for sustainable energy solutions beyond Earth.
“We’re thrilled to support General Galactic in its mission to scale carbon-neutral fuels for both terrestrial and space applications,” said Lucas Bishop, Associate at Seraphim. “What truly sets General Galactic apart is the seamless integration of their technology with existing infrastructure. This is crucial for accelerating the decarbonisation of industries that depend on energy-dense fuels. We are excited to back Halen, Luke, and their team as they turn this visionary approach into a global reality.”
As global demand for sustainable energy solutions continues to rise, General Galactic’s pioneering technology has the potential to reshape how industries use fuel, providing a viable, high-performance alternative to fossil fuels. With this latest funding, the company is poised to scale rapidly and expand its commercial operations worldwide, driving forward the transition to a carbon-neutral economy.
