| Founded | 2018 |
|---|---|
| Closed | 2023 |
| Country | USA |
| Sector | Climate |
| Collapse type | Silent Shutdown |
Prometheus Fuels
"The BMW and Shopify-backed e-fuel startup raised $50M to make carbon-neutral gasoline from air, then shut down when the cost of synthetic fuel remained 10x above the pump price."
Quiet closure with no public announcement
Key Events Timeline
Prometheus Fuels developed a process to capture CO2 from the atmosphere and electrochemically convert it into carbon-neutral gasoline, ethanol, and jet fuel.
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