$23M investment to back Amogy's ammonia-to-power expansion into Asian markets
U.S.-based ammonia-to-power solutions provider Amogy has secured an additional $23 million in venture financing to advance development of its maritime products and support expansion into Asian markets.
The latest investment round, co-led by Korea Development Bank (KDB) and KDB Silicon Valley, with participation from new investors BonAngels Venture Partners, Pathway Investment, and JB Investment, expands the fundraise initially revealed in January 2025.
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According to Amogy, since its inception, a total of nearly $300 million has been raised, including the latest increase, which represents a new high in the company’s valuation.
The investment is expected to strengthen the company’s momentum in delivering stationary power generation systems, while accelerating the development of its maritime products and supporting its expansion into the Asian market.
Amogy’s endeavors in
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