Climate Investment leads METRON’s Series B investment round
16 June 2021
METRON, a French cleantech company that uses AI technology to increase energy efficiency, sustainability, and productivity for industrial facilities, has become the latest addition to the Climate Investment portfolio. The Paris based company closed a €18 million Series B financing round, led by OGCI Climate Investment, which included SK Gas and long-standing investors BNP Paribas, STATKRAFT Ventures and BREED REPLY.
The latest funding will allow METRON to pursue its research and development efforts and to accelerate its international deployment in the world’s largest markets. In addition to the financial support, Climate Investment will work with METRON to introduce their technology across OGCI member company’s industrial apparatus’ as a tool to improve energy efficiency.
Speaking as the announcement was made, Pratima Rangarajan, CEO of OGCI Climate investment, said: “Improving energy efficiency is critical to reducing GHG emissions, cost and waste. METRON have an exciting technology that we believe can deliver Impact on all three. We look forward to helping the company grow via introduction to the OGCI ecosystem and international markets.”