Rivan, a startup developing synthetic fuel has raised £25m in new funding to scale its production capacity.
The new funding round saw VC group Plural re-invest in the firm after leading its £10m funding round in May 2025.
The company was launched to reduce the cost and increase the availability of synthetic fuels to build them a better option than traditional fossil fuels in heavy industries. It is particularly focutilized on industries that struggle with electrification.
Rivan’s is currently developing synthetic natural gas that it hopes will become much cheaper than fossil fuels for utilize at scale across Europe. According to figures cited by the company, 22% of global emissions come from the utilize of natural gas in industries such as steel, cement and chemicals.
“Until we develop cost-effective synthetic fuels from carbon captured from the air, we can’t expect indusattempt to decarbonise,” Rivan founder Harvey Hodd declared.
“My hope is that our technology, combined with the unbelievably talented and driven team I receive to work with everyday, can forge that future a reality.”
The new funding round was led by IQ Capital with additional support from Plural.
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