Gothenburg’s Volta Greentech secures €1.7 million to tackle global warming by reducing methane emissions from cows

Gothenburg-based BioTech startup Volta Greentech has secured nearly €1.7 million in a funding round led by Axel Johnson, bringing their total funding to over €9.5 million. This investment is earmarked for the market launch of their innovative feed additive, Lome, designed to significantly reduce methane emissions from cattle. The funding underscores a growing focus on sustainable agricultural technology within Europe, aiming to address critical climate challenges through scientific advancement. Volta Greentech's Lome product works by gently suppressing methane-producing microbes in the rumen of cows, thereby reducing emissions at their source without compromising feed energy. Developed from mimicking the methane-reducing properties of algae, the additive offers a more resource-efficient and scalable production method compared to direct algae cultivation. The company is currently preparing regulatory applications for an EU-wide market launch, positioning Lome as a key tool for farmers to contribute to emission reduction targets. This development has broad implications for the European agricultural sector and its pursuit of climate goals, impacting farmers and food system stakeholders alike. By offering a competitive cost per tonne of CO2 reduced and integrating seamlessly into existing farming practices, Lome promises to enhance feed utilization and potentially boost productivity. The investment signals a commitment to European innovation in tackling global warming, promoting digital transformation within traditional industries.