Reverion raises $175 million Series B led by Mundi Ventures' Kembara fund

The story so far, in brief; the legwork, and the full article, stay with the original outlet.

Reverion, a German maker of power plants built on reversible solid oxide fuel cells, has closed a $175 million Series B. Kembara, the €1 billion European scale-up fund run by Mundi Ventures, led the round. Allianz, KfW Capital, Aurum Impact and Carbon Equity joined as new investors, alongside existing shareholders.

The pitch is electricity that turns up when asked, which is more than wind and sun can promise. Reverion's units turn biogas, natural gas or hydrogen into electricity without combustion and capture the carbon dioxide in pure form; on renewable gas, the company says a plant runs carbon negative. Run in reverse, the same container turns surplus electricity into storable gas. The company reports an electrical efficiency of 74.2%, measured at customer sites, and seven commercial plants in operation, with units now reaching 500 kW. Data centres, which want a great deal of power and a tidy carbon footprint at the same time, are the growth market Kembara singles out.

Most of the money goes to a new factory in Germany meant to lift manufacturing capacity tenfold, to 250 megawatts a year, and create up to 800 jobs. Founded in 2022 in Eresing, near Munich, Reverion has grown from 100 staff to more than 200 and puts its commercial pipeline above $2 billion of potential revenue. "What the world needs is clean energy on demand," said Stephan Herrmann, chief executive and co-founder.