MOVA Technologies Raises $2 Million to Accelerate Carbon Capture and Agricultural Emissions Innovation
September 13, 2023 (Pulaski, VA.) - MOVA Technologies is thrilled to announce the successful conclusion of its Seed Round, raising $2 million in private investment. This milestone marks a significant step forward for the Climate Tech company as it continues to pioneer innovations in carbon capture and agricultural air emissions.
“We are incredibly grateful for the support of our investors and the trust they have placed in us,” said John Schott, CEO of MOVA Technologies. “In this chapter, we will be expanding our team to accelerate product development, allowing us to bring our important technology to market faster.”
The funds will be strategically employed to foster innovation within MOVA’s primary sectors - agriculture and carbon capture. This includes enhancing collaborations with the U.S. Department of Energy (USDOE) and the U.S. Department of Agriculture (USDA), acquiring cutting-edge equipment for prototype development, scale-up, and testing, and recruiting technical talent for the Pulaski office, including researchers, chemists, and engineers. Additionally, resources will be dedicated to expanding business and partner development in key sectors.
MOVA Technologies has solidified a strategic partnership with both the Town and County of Pulaski, Virginia. This collaboration aligns with Pulaski’s commitment to climate neutrality and triple bottom line approach to governance and positions it as a model for other localities embracing climate-friendly development. The joint venture promises to deliver substantial economic and workforce development benefits to the region, playing a pivotal role in rural revitalization through climate-smart technology adoption.
Steve Critchfield, President and Founder of MOVA Technologies Inc., emphasized the environmental impact of their innovation, stating, “Pollution like carbon dioxide and ammonia are valuable commodities for several other industries. Our system will sustainably harvest and sell these products, adding to the bottom line of our customers.”
This funding marks a significant leap forward in MOVA Technologies’ mission to combat climate change and pursue a sustainable, carbon-neutral future. MOVA anticipates launching another Seed Round early in 2024, with a fundraising goal of $1 million.
For media inquiries or further information, please contact:
Luke Allison, Director of Advancement and Communications
MOVA Technologies Inc.
Phone: (540) 808-9452
Email: lallison@movatechnologies.com
About MOVA Technologies:
MOVA Technologies is a forward-thinking company dedicated to developing cutting-edge solutions for carbon capture and climate change mitigation across multiple sectors. With its novel Selective Air Capture Technology, MOVA is revolutionizing the way pollutants are captured, making it more efficient and accessible for industries and communities. MOVA is committed to driving innovation in the climate tech sector and accelerating the transition to a sustainable, carbon-neutral future. Learn more at www.movatechnologies.com.