FirstElement Fuel, Inc. announced that it has received $105 million in funding from Air Water America Inc., MUFG Bank, Ltd., Investment Arm, Nikkiso Co., Ltd. and another investor
November 07, 2021
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On November 8, 2021, FirstElement Fuel, Inc. closed the transaction. The company received $55,000,000 in its second tranche. The company received total $105,000,000 in its series D round of funding.
The transaction also included participation from new investors, MUFG Bank, Ltd., Investment Arm, Nikkiso Co., Ltd. and Japan Infrastructure Initiate (JII).
NIKKISO CO.,LTD. is a Japan-based company principally engaged in the manufacture and sale of industrial pumps, precision equipment and blood related products, among others. The Company operates in two business segments. Industrial Business segment conducts industrial business including the manufacture, sale and maintenance of industrial special pumps, as well as liquefied gas & industrial gas related equipment and devices. The Segment is also involved in precision equipment business, aerospace business and deep ultraviolet light emitting diode (LED) business. Medical Business segmentâs products are dialysis-related products including hemodialysis and peritoneal dialysis, such as artificial dialysis machines, dialyzers, blood circuits, and powder-type dialysis agents. The Segment also manufactures, sells and maintains products and medicines related to CRRT (acute blood purification therapy), artificial pancreas devices that manage blood glucose, and energy devices for microwave surgery.
FirstElement Fuel, Inc. announced that it has received $105 million in funding from Air Water America Inc., MUFG Bank, Ltd., Investment Arm, Nikkiso Co., Ltd. and another investor
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