Engineuity
Alternative Fuels Based on Natural Gas
Company Overview
Snapshot
Founded in July 2003 by Elie Gamzon, Engineuity operates with 1–10 employees. The company has raised $2.3M across 3 funding rounds from 4 investors. In February 2007, Engineuity secured a Series A funding round.
Business overview
Engineuity Research & Development focuses on the Automotive & Mobility Technologies sector, developing an EN590-compliant process to produce standard diesel fuel from natural gas and CO2. This technology aims to provide a considerably less expensive alternative to traditional crude oil-based diesel production and can also substitute for the cryogenic liquefaction of methane, serving industries within the Cleantech and Smart Mobility categories globally.
Strategic signal
In February 2007, Engineuity raised $2.2M in a Series A funding round from BHCO Group. This investment underscored investor confidence in the company's innovative approach to alternative fuels and its potential to disrupt the traditional energy market with a more cost-effective and environmentally friendly solution.
Log in to access full profile ›Company Intelligence Q&A
- What is Engineuity's primary focus?
- Engineuity Research & Development is focused on developing an EN590-compliant process to produce standard diesel fuel from natural gas and CO2, aiming to offer a more cost-effective alternative to crude oil-based diesel.
- When was Engineuity founded?
- Engineuity was founded in July 2003.
- Which investor participated in Engineuity's Series A funding round?
- In February 2007, Engineuity secured a Series A funding round, raising $2.2M from BHCO Group.
- What was a notable early news highlight for Engineuity?
- In September 2005, news reported that Engineuity was tackling on-board hydrogen generation for combustion engines.
- What is the status of Engineuity?
- Engineuity is currently non-active and ceased to operate in March 2020.