Pillsbury advised Chevron Technology Ventures on its investment in a Series A funding round for Cambridge, UK-based cleantech company, Immaterial Ltd.
With a specific focus on decarbonizing the globe, Immaterial is working to enable the energy transition with its advanced materials and systems design for carbon capture. Additionally, in favor of the green hydrogen economy, Immaterial is also putting forth efforts to create affordable and “spatially efficient intermittent” green hydrogen storage.
According to a company press release, the funding marks a crucial milestone for Immaterial by enabling the building of a manufacturing demonstration plant to supply large quantities of monolithic materials for customer-based demonstrators (carbon capture and hydrogen storage).
To view the full press release, click here.
The London-based Pillsbury deal team included Corporate partner Nick Burgess and counsel Christian Holbrook.