Amogy Raises $46 Million in Funding to Accelerate the Commercialization of its Ammonia-to-Power Technology Across Heavy Duty Transportation

• SK Innovation leads bridge round that also includes Amazon through its Climate Pledge Fund, AP Ventures, Saudi Aramco Energy Ventures, and Newlab.
• Following successful ammonia-powered drone and tractor demonstrations, Amogy will use the funding to further scale its technology to accelerate its commercialization of zero-emission heavy transportation applications

Brooklyn, New York, June 23, 2022 – Amogy Inc., a pioneer of emission-free, energy-dense ammonia power solutions, today announced it has raised $46 million in additional capital to further scale its highly efficient ammonia-to-power technology, with plans to apply its systems to an 18-wheel tractor-trailer as well as an ocean cargo ship. Following the momentum from recent successful demonstrations of the first-ever, ammonia-powered, zero-emission farming tractor and an aerial drone, Amogy will use the funds from the bridge round to accelerate the commercialization of its energy-dense power solution that will decarbonize heavy-duty transportation and enable leading cargo and fleet owners to eliminate fossil fuels and reduce emissions from their supply chain.