Rivan Raises £25m to Scale Synthetic Fuel Production

Today, we’re announcing our new £25m fundraise led by IQ Capital with support from Plural, to scale domestic synthetic fuel production in Europe. This funding will dramatically accelerate our deployment, scale our R&D efforts, and support the opening of our new manufacturing facility.

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Rivan makes synthetic fuels for industries you can’t electrify at country-scale and fossil-fuel prices. Our aim is to rapidly make synthetic fuels cheaper than fossil-fuel for heavy industrial use-cases like steel, cement, chemicals and aviation – removing gigatonnes of CO2 from the air in the process. This is particularly important in Europe, where ~60% of all energy is imported, exposing the continent to huge cost fluctuations and supply concerns. Most recently, this fragility was highlighted with the war in the Middle East, doubling wholesale gas prices and placing countries like the UK, France, Germany and Spain into a state of energy emergency.Rivan aims to change that, enabling domestic production of synthetic fuels, starting with Synthetic Natural Gas (SNG), at costs competitive with fossil fuels and at scales matching the entire industrial demand of countries like the UK, Spain, and France. We think this is critical to energy security, economic growth, and defence.

Omar assembling our V3 reactor.

To achieve greater scale and lower cost synthetic fuels than anyone else in history, we vertically integrate every step of production – from renewable energy generation and H2 and CO2, to reactor synthesis and gas-grid injection. All hardware is designed and manufactured by Rivan in the UK from scratch, allowing us to move rapidly with a domestic supply chain.

10 months ago we announced our £10m seed round with Plural, Patrick & John Collison, and a host of other great investors to bring this vision to life. We raised that funding to prove our technology at scale, cost, and performance, and build customer demand to support rapid manufacturing growth.

We’ve since surpassed those aims, manifesting in some key moments across 2025:

• The UKs largest SNG plant, now going through commissioning to produce what we believe will be the cheapest SNG ever produced.
  
• Tripled our customer contracts, selling our entire planned production until 2029.
  
• Leased our new 50,000 sqft manufacturing facility, Production Base 1.

To achieve these milestones at pace, we’ve assembled an elite team of 30+ engineers and operators based at our South London HQ. We’re now hiring for 35 new roles across Engineering, Manufacturing, Operations and Permitting to accelerate our development. If you want to work on a technology that will have an immediate impact in the real world, at pace, with great people – apply!

Jamie working on our V3 reactor design.

Our new funding will compound on these achievements, focusing the next 12 months on:

• Deployment of Project Starwell, our 15MW plant in Wiltshire. This will represent the largest SNG plant in Europe and the first time SNG has ever been injected into the UK gas-grid.
  
• Scale production in the UK with Production Base 1, producing up to 50MWs / yr in hardware.
  
• Invest heavily in all areas of R&D, including direct-air-capture, electrolysis, reactor and solar, to challenge fossil-fuel pricing within the next 2-3 years.
  

Rivan’s first manufacturing facility, Production Base 1. Located in South London.

In the last 12-months, Rivan has progressed from an engineering hypothesis into a robust, scalable solution to energy security within Europe. It cannot be overstated how impactful a domestic synthetic fuel supply chain would be for the continent, shifting from a location-constrained monopoly into controllable local production. We’ll work hard to bring this to life quicker than people realise. If you want to forge that reality, come join us.