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Amogy
Innovative Clean Energy Solution using Ammonia as a Fuel
About Amogy
Amogy is a pioneering startup in the sustainable energy sector, focusing on the conversion of ammonia into a clean, affordable, and storable energy source. The company's innovative technology aims to decarbonize the transportation industry by 2050, with further applications in large-scale power and hydrogen generation. This groundbreaking approach has the potential to revolutionize not only the transportation sector but the entire energy industry.
Amogy's primary market is the transportation industry, but it also targets large-scale power generation and hydrogen production sectors. The company's business model revolves around developing and commercializing its ammonia-to-power technology. It generates revenue through the sale of its technology to clients in its target markets.
Since its inception, Amogy has shown impressive progress. It successfully engineered the first-ever ammonia-powered emission-free drone flight and demonstrated a 100kW powerpack in a tractor. The company has also presented the world's first ammonia-powered semi-truck. Amogy has secured significant funding, including a $150M Series B funding round led by SK Innovation. It has expanded its operations to Norway and Singapore and plans to open a manufacturing facility in Houston, Texas, by 2024.
By 2024-2025, Amogy intends to offer commercial products ranging from 0.5MW to 5MW for maritime shipping and power generation markets, marking the commercialization of its technology. The company's strategic partnership with Hy2gen further strengthens its position in the market and propels its ammonia-powered energy solutions.
Source: Dealroom company dataAt a glance
- Status
- Operational
- Founded
- 2020
- Headquarters
- New York City, United States
- Employees
- 142
- Open positions
- 3
- Dealroom signal
- 64.8/100
- Sub-industry
- Mobility
- Sector
- Transportation, Hydrogen, Spinout, Sustainable Development Goals, Maritime, Climate Tech, Blue Economy, Marine Transportation, Ammonia, Zero Emission Fuel, Shipbuilding and Refit, DT and LS, science-based
- Business model
- Manufacturing
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| LATE VCOther financing | Dec 2025 | $0 | — | Kinetics Energies | ↗ |
| LATE VCOther financing | Nov 2025 | $15M | $60M | GS Futures · GS Engineering & Construction · Xplor Investment | ↗ |
Growth signals
Latest recorded traffic for Amogy is 9K monthly website visits, down 25% over the last three months. Amogy's team declined 8.4% over the past year.
Open positions
Similar companies
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed4 investors entered at this stage
Collaborative Fund
DCVC
Shaun Arora
AP Ventures
Series A12 investors entered at this stage
Series B and later19 investors entered at this stage
SV Investment
Samsung Heavy Industries
Quantum Ventures Korea
BHP Ventures
AFW Partners
Marunouchi Innovation Partners
Kibo Invest- SPSeoul Investment Partners
Hanwha Investment & Securities
MOL Switch
Industrial Bank of Korea
BonAngels
JB Investment
Pathway Capital Management
Korea Development Bank
GS Futures
GS Engineering & Construction
Xplor Investment
Kinetics Energies
Other known investors1 additional known investor
Massachusetts Institute of Technology
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Amogy on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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