As of 2 Nov 2026, Plasma2X has raised $1.3M across 1 verified round on record (amounts in other currencies converted to USD); latest: £950,000 pre-seed round led by TSP Ventures, announced Oct 2026.
Developer of plasma reactors making nitric acid from air
plasma2x.comDaresbury, EnglandClimateFounded 2023
4 sources · checked 1 time, last 1h ago
The CTVC roundup reports a rounded $1m; the company’s release controls. The £1.3m figure includes a £368,000 grant, not equity-round proceeds.
| Round | Amount | Announced | Lead | Buzz |
|---|---|---|---|---|
| Pre-seed | $1.3M £950,000 | ~ 2026-10-26 | TSP Ventures | 3 outlets. #29 in Trending |
4 sources · checked 1 time, last 1h ago [ VERIFIED · CORRECTED ] read against 4 sources
The CTVC roundup reports a rounded $1m; the company’s release controls. The £1.3m figure includes a £368,000 grant, not equity-round proceeds. | ||||
Plasma2X builds modular non-thermal plasma reactors that make nitric acid, ammonia and related fertilisers and chemicals from air and water using renewable power, for agriculture, chemical manufacturing and maritime/fuel producers.
Conventional Haber-Bosch and Ostwald production is described as energy-intensive and responsible for substantial emissions, while Plasma2X's process aims to make nitric acid and related chemicals locally from air and water using renewable or grid power. The latest round combines £950,000 of pre-seed equity led by TSP Ventures with a £368,000 Innovate UK grant to scale the reactor module and commission a pilot plant, testing whether the technology can support lower-carbon and more resilient fertiliser and industrial-chemical supply chains.
Checked against 10 sources today
Also named as backers in company research: Innovate UK, UK Research and Innovation (UKRI)