General Galactic, an El Segundo, CA-based fossil-free fuel generation technology company, closed an $8m seed funding round.
The round, which brought total funding raised to date to $10m, was co-led by Harpoon Ventures and Refactor Capital, with participation from Pathbreaker, BoxGroup, Seraphim, Plug and Play, Impact First and Climate Capital.
The company intends to use the funds to accelerate the development and deployment of its proprietary Genesis technology, which transforms industrial CO2 waste streams into fossil-free natural gas. General Galactic plans to expand its engineering team to pursue its goal of building commercial fossil-free natural gas generation plants across the globe.
Founded by former SpaceX and Varda Space Industries engineers Halen Mattison and Luke Neise, General Galactic develops breakthrough technology for producing fossil-free natural gas and carbon-neutral fuels from waste CO2 emissions. The company’s Genesis system enables critical industries to maintain high-density energy usage while drastically reducing global emissions.
The technology targets maritime shipping, agriculture and heavy industry sectors, where carbon reduction requirements and long-term capital investments will demand consistent access to low-emission, high-density fuels. The company is developing the full production stack for these fuels and has a proven pilot system producing 2,000 liters of methane per day.
This round follows the company’s $2m pre-seed funding in August 2023, led by BoxGroup and Refactor Capital. General Galactic plans to deploy Genesis modules as soon as 2025, with fuel offtake reservations available immediately.
