Amogy, a New York-based provider of ammonia-to-power solutions, has raised US$23 million in equity financing.

This funding brings the company’s total for 2025 to US$80 million, as announced on July 15, 2025.

The funding round was co-led by Korea Development Bank and KDB Silicon Valley LLC.

It also saw participation from new investors including BonAngels Venture Partners, Pathway Investment, and JB Investment.

The capital will assist Amogy in entering the Asian market, scaling its stationary power applications, and advancing its maritime technology.

Since its founding, Amogy has raised nearly US$300 million in total.