RIFT (Renewable Iron Fuel Technology)

RIFT (Renewable Iron Fuel Technology)

Private
EindhovenEnergy & Sustainabilityhttps://www.ironfueltechnology.com/

Last Round

Series B

Mar 4, 2026

Total Funding Raised

$122M

Company Overview

RIFT (Renewable Iron Fuel Technology) is a cleantech company that provides a circular iron fuel technology for decarbonizing industrial heat.

Sector

Energy & Sustainability

Verticals

Alternative Fuels, Energy Storage, Circular Economy, Renewable Energy, Clean Manufacturing

Business Model

B2B

Customer Profile

Hardware + Subscription, Hardware Sales, Services & Consulting, Government Contracts

AI Layer

Non-AI

Keywords

iron fueliron fuel boilerindustrial heatcarbon-free heatindustrial decarbonizationmetal fuelcircular economyfuel regenerationrust recyclinghard-to-abate sectorshydrogen regenerationprocess heatenergy storageheat-as-a-servicefuel supply contractsdistrict heatingalternative fuels

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RIFT (Renewable Iron Fuel Technology) Comps

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CompanyStatusEst. ValuationRev Multiple
OpenAIPrivate$86.0B~40x
CoherePrivate$5.0B--
Competitor 1Public$XX.XBXXx
Competitor 2Public$XX.XBXXx

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RIFT (Renewable Iron Fuel Technology) Funding Rounds

Historical fundraising activity

RoundDateAmount RaisedValuationInvestorsSources
Series BMar 4, 2026
Series AOct 17, 2024
Series AOct 17, 2024
SeedNov 11, 2022

Key People

Founding team and executive leadership

Mark Verhagen

Co-Founder CEO

Founding Team

Tim Janssen

Scale-up CFO At RIFT (Renewable Iron Fuel Technology)

Executive Team

Aron Damen

Chief Operating Officer

Executive Team

RIFT (Renewable Iron Fuel Technology) Investors

Notable investors and investment history

InvestorRounds
Brabantse Ontwikkelings MaatschappijSeed, Series A, Series B
Invest-NLSeries A, Series B
PGGMSeries A, Series B
Breakthrough Energy FoundationSeed
Rubio Impact VenturesSeries A, Series B, Seed
Oost NLSeries A, Series B
Rotterdam Energy Transition FundSeed, Series A

RIFT (Renewable Iron Fuel Technology) Filings

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RIFT (Renewable Iron Fuel Technology) Filings

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Frequently Asked Questions

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Firmographic Details

HeadquartersEindhoven
Employee Range88
Year Founded2020
Last FundingMar 4, 2026

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