Rivan, a UK-based synthetic fuel producer, has secured €28.7 million in Series B funding, led by IQ Capital with participation from Plural. This follows a €11.4 million Seed round 10 months prior and will be used to scale domestic synthetic fuel production in Europe, beginning with its 15MW SNG plant in Wiltshire, which aims to be the largest in Europe. The company has tripled customer contracts, selling its entire planned production until 2029, and plans to accelerate R&D and manufacturing at its new 50,000 sqft facility.
