General Galactic, a pioneer in fossil-free fuel generation technology, announced the closing of an $8 million seed funding round, bringing the total investment in the company to $10 million. Seraphim invested in the round which was co-led by Harpoon Ventures and Refactor Capital, with participation from Pathbreaker, BoxGroup, plug and Play, Impact First and Climate Capital. This round follows the company’s $2 million pre-seed funding in August 2023, led by BoxGroup and Refactor Capital. General Galactic plans to deploy Genesis modules as soon as 2025, with fuel off-take reservations available immediately. The company plans to expand its engineering team to pursue its goal of building commercial fossil-free natural gas generation plants across the globe.
“We’re excited to back General Galactic’s Seed Round as they scale carbon-neutral fuels for both terrestrial and space applications. General Galactic’s fuels stands out for their seamless integration with existing infrastructure, paving the way for decarbonisation across industries that depend on energy-dense fuels—from shipping to space launch. Such fuels not only support sustainability here on Earth, but also lay the groundwork for future off-world fuel production. We’re thrilled to support Halen, Luke, and the team as they bring this vision to life.” Lucas Bishop, Associate, Seraphim Space.
