Viridos Raises $25M in Series A Funding
- Viridos, a La Jolla, CA-based algae biofuel company, raised $25M in Series A funding
- The round was led by Breakthrough Energy Ventures (BEV), Chevron U.S.A. Inc. and United Airlines Ventures
- The company intends to use the funds to further increase algae oil productivity to reach commercially deployable levels
- The company is an algae biofuel company dedicated to creating sustainable, low- carbon, algae-based jet and diesel fuel
- The company built a scalable platform for low-carbon intensity biofuels, which can reduce greenhouse gas emissions from aviation, commercial trucking, and maritime shipping
- Its bioengineering technology consists of genetically engineering algae, combined with optimized production processes and systems to enable large scale production
