PlasmaLeap designs, manufactures and sells modular plasma reactors that synthesize ammonia and nitric acid from air, water and renewable power, eliminating the fossil-fuel inputs and heavy transport normally required for nitrogen fertiliser production. Spun out of the University of Sydney, the company targets on-farm or local hub installations that cut growers’ input costs, lower supply-chain risk and slash CO₂ emissions from fertiliser manufacturing, transport and field losses—an impact area that accounts for roughly 2.5 % of global industrial emissions. Its platform is also being engineered to make e-fuels, synthetic hydrocarbons and other industrial chemicals, opening pathways to decarbonise hard-to-abate sectors like energy and transport. PlasmaLeap is currently progressing first-of-a-kind fertiliser hubs in New South Wales and Tasmania and expanding field trials to validate commercial performance. Management expects the solution to generate high-quality carbon credits and improve national food security by shielding farmers from global price shocks. Financially, the company has just secured almost A$30 million (US$20 million) in Series A capital to fund these deployments and further R&D, adding to earlier grants such as support from the Gates Foundation.

Total raised

$21M

Funding rounds

1

Latest round

Series A

Latest activity

Mar 2026