Egypt’s Tagaddod raises $26.3 million to turn waste into clean fuel
- Tagaddod raised $26.3 million in Series A funding to expand its operations.
- The funding round was led by The Arab Energy Fund, marking its first entry into the biofuel feedstock sector.
- Tagaddod aims to become a global leader in supplying renewable feedstocks like used cooking oil and animal fats.
The investment in Tagaddod reflects a significant shift towards sustainable energy solutions, particularly in the biofuel sector. As governments and industries increasingly prioritize decarbonization, startups like Tagaddod are well-positioned to capitalize on this trend. However, the challenge will be to maintain scalability and profitability while navigating the complexities of global supply chains.
