Syre. announced that it has received $100 million in a round of funding led by new investor, TPG Rise Climate LP, a fund managed by TPG Capital, L.P., which invested $50 million, on May 23, 2024. The transaction also inlcuded participation from new investor, H & M Hennes & Mauritz AB (publ), Giant Ventures Global LLP, Stichting IMAS Foundation, Norrksen VC, Volvo Car Corporation and Vargas Holding AB.

The company will issue common shares in the transaction.