Prometheus - About the company
Prometheus is a series B company based in Santa Cruz (United States), founded in 2018 by Rob McGinnis. It operates as a Provider of carbon-neutral fuels made from atmospheric CO2 using renewable energy. Prometheus has raised $24.1M in funding from investors like Y Combinator, BMW i Ventures and Maersk Growth, with a current valuation of $1.5B. The company has 14 active competitors, including 3 that are funded. Its top competitors include companies like Twelve, Oxylus Energy and Breathe.
Sectors and market segments that Prometheus operate in
Prometheus serves in the Environment Tech, Sustainability Tech market segments.The primary business model of Prometheus are:Company Details
Provider of carbon-neutral fuels made from atmospheric CO2 using renewable energy. Their technology captures CO2 directly from the air and converts it into gasoline, diesel, and jet fuel. The process uses renewable electricity and advanced electrochemical methods for efficient fuel synthesis. It aims to offer cost-competitive, zero net carbon alternatives to traditional fossil fuels.
- Website
- prometheusfuels.com
Key Metrics
Founded Year
2018
Location
Santa Cruz, United States
Stage
Series B
Total Funding
$24.1M in 4 rounds
Latest Funding Round
Post Money Valuation
$1.5B as on Sep 24, 2021
Investors
Ranked
2nd among 14 active competitors
Employee Count
44 as on Mar 31, 2026
Sign up to download Prometheus' company profile
Prometheus's funding and investors
Prometheus has raised a total funding of $24.1M over 4 rounds. Its first funding round was on 2019. Its latest funding round was a Series B round on Sep 23, 2021 for an undisclosed amount. 3 investors participated in its latest round. Prometheus has 8 institutional investors.
Here is the list of recent funding rounds of Prometheus:
Filter this list
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Sep 23, 2021 | Undisclosed | Series B | $1.5B | - | ||
Jun 09, 2020 | $12.5M | Series B | - | - | - | |
Mar 20, 2020 | $11.5M | Series B | - | - | - | - |
View details of Prometheus's funding rounds and investors
Prometheus' founders and board of directors
Founder? Claim ProfileThe founders of Prometheus is Rob McGinnis. Rob McGinnis is the CEO of Prometheus.
Here are the details of Prometheus' key team members:
- Rob McGinnis: Founder & CEO of Prometheus. Contact Info: 1 email address
View details of Prometheus's Founder profiles and Board Members
Prometheus' employee count trend
Prometheus has 44 employees as of Mar 26. Here is Prometheus's employee count trend over the years:
Access Tracxn on any website
Install Tracxn ExtensionOur Google Chrome extension lets you view company details while browsing their websites
Prometheus's Competitors and alternates
Top competitors of Prometheus include Twelve, Oxylus Energy and Breathe. Here is the list of Top 10 competitors of Prometheus, ranked by Tracxn score:
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!
Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Twelve 2015, Berkeley (United States), Series C | Developer of carbon transformation technology producing fuels and feedstock products | $472M | 66/100 | |
2nd | Prometheus 2018, Santa Cruz (United States), Series B | Provider of carbon-neutral fuels made from atmospheric CO2 using renewable energy | $24.1M | 61/100 | |
3rd | Oxylus Energy 2023, New Haven (United States), Seed | Technology solution to convert CO2 into fuel | $4.5M | 36/100 | |
4th | Provider of conversion of CO2 into fuels and chemicals | - | 32/100 | ||
5th | Gridthink 2017, Seattle (United States), Funding Raised | Operator of an online platform providing a variety of digital games | - | 22/100 | |
6th | 280 Carbon 2017, Mumbai (India), Unfunded | Developer of technology converting captured carbon dioxide into ethylene for fuels | - | - | 20/100 |
7th | Antecy 2010, Hoevelaken (Netherlands), Acqui-Hired | Developer of system for capture carbon to convert into liquid fuels using solar energy | - | 16/100 | |
8th | Helix Carbon 2024, Cambridge (United States), Unfunded | Developer of carbon capture and conversion system | - | - | 16/100 |
9th | Separatic 2022, Fribourg (Switzerland), Unfunded | Developer of membrane-based gas separation technologies for hydrogen and carbon capture | - | - | 16/100 |
10th | ![]() H2Gp 2019, Dundee (United Kingdom), Unfunded | Developer of technology for decarbonisation and renewable fuel production systems | - | - | 16/100 |
Looking for more details on Prometheus's competitors? Click here to see the top ones
Prometheus's Investments and acquisitions
Prometheus has made no investments or acquisitions yet.
Reports related to Prometheus
Here is the latest report on Prometheus's sector:
News related to Prometheus
Media has covered Prometheus for a total of 5 events in the last 1 year, 5 of them have been about company updates.
•
•
•
•
•
Prometheus Fuels' first million tons of e-methanol sold out upon launchBiofuels Digest•Apr 30, 2025•Prometheus
•
•
Prometheus Partners with Sabre Cook in 2023 Porsche Carrera Cup North AmericaPrometheus•Mar 13, 2023•Prometheus
•
•
Maersk throws its weight behind unicorn electrofuels companyFreightWaves•Sep 24, 2021•Prometheus, Maersk, Josh Simpson Glass, BMW Group
•
Are you a Founder ?
FAQs about Prometheus
Explore our recently published companies
- Caliber Concrete - Murrieta based, 2014 founded, Unfunded company
- Steelage India - Delhi based, 1995 founded, Unfunded company
- HT Exhaust - 2020 founded, Unfunded company
- Skyroot MarkTech - Pune based, Unfunded company
- Balcom Consulting - Brooklyn based, 2002 founded, Unfunded company
- Surfleet School - Spalding based, Unfunded company

