Pre-Series A · Climate tech
GeoDreams secures pre-Series A financing from SBI
The undisclosed equity financing supports closed-loop geothermal development and technical hiring.
GeoDreams announced pre-Series A financing through a third-party allotment to the SBI group on September 8. Financial terms were not disclosed.
The company will develop and demonstrate closed-loop geothermal and exploration and drilling technologies and strengthen technical capabilities. Its roadmap targets a closed-loop demonstration in 2030 and an initial commercial project in 2031.
Use of funds
Develop and demonstrate closed-loop geothermal power and exploration/drilling technology
Build technical hiring and development capabilities for 2030 commercialization
Funding history
Pre-Series A · This roundUndisclosed