electricAlgae

Company Overview

Snapshot

Founded in June 2023 by Dr Shani Keysar and Meytal Katz, electricAlgae operates with 1–10 employees. The company has raised $425,000 across one funding round from one investor. In February 2024, electricAlgae secured pre-seed funding from i4Valley.

Business overview

electricAlgae is an Energy Tech company focused on developing new renewable energy solutions using macroalgae. Its core technology is a Bioelectric Energy System (BES) that harnesses the energy produced by macroalgae through photosynthesis to generate electricity. This system is designed for self-use by algae farms, aiming to maximize and improve the algae industry within the agriculture sector. The solution leverages photosynthetic reactions of algae and utilizes carbon dioxide from seawater, operating within the broader sectors of Climate Tech, Carbon Tech, Carbon Capture, Storage, Sequestration, Utilization, Energy Transition, Clean Energy Generation, and Energy Production & Sources.

Strategic signal

In July 2023, electricAlgae was highlighted in an article by The Times of Israel for its innovative approach to 'greening the sea' by using electric algae. This recognition signals early validation of the company's unique bioelectric energy system and its potential to contribute to sustainable energy and agricultural practices, positioning electricAlgae as a notable player in the emerging climate tech landscape.

Company Intelligence Q&A

When was electricAlgae founded?

electricAlgae was founded in June 2023.

Who are the founders of electricAlgae?

The co-founders of electricAlgae are Dr Shani Keysar and Meytal Katz.

What is electricAlgae's primary focus?

electricAlgae focuses on generating bioelectric energy from macroalgae to create new renewable energy sources and enhance the algae industry.

What was a key development for electricAlgae in early 2024?

In February 2024, electricAlgae secured pre-seed funding from i4Valley.

What was a notable mention for electricAlgae in mid-2023?

In July 2023, electricAlgae was featured in The Times of Israel for its work on using electric algae to green the sea, highlighting its innovative contributions to sustainable solutions.