The Netherlands
RIFT, founded in 2020, is at the forefront of transforming industrial energy solutions with its groundbreaking Iron Fuel Technology. By turning iron into a sustainable energy source, RIFT addresses the challenging task of reducing carbon emissions in industries where they are toughest to eliminate.
Unlike many startups, RIFT is not just about technology development; it's a collective movement involving a spectrum of engineers, partners, investors, and changemakers. The company's ambitious vision is to cut 1 gigaton of CO₂ emissions annually by 2050, aiming for sizeable environmental impact as it progresses from initial projects to large-scale deployments.
In a sign of its promising potential, RIFT secured a €11.00M Series A investment on 01 October 2024. This round was led by prominent investors including Rubio Impact Ventures, Invest-NL, Oost NL, PGGM Investments, BOM - Brabant Regional Development Agency, and the Energy Transition Fund Rotterdam, reinforcing confidence in RIFT's mission and its ability to drive industrial decarbonization.
