LAVAL, QC Canada – Airex Energy, the world’s leading climate solutions provider, announced that it has secured $38 million in a funding round led by Investissement Québec, Desjardins, Cycle Capital, and Fonds de solidarité FTQ. The round was also supported by Export Development Canada (EDC).

Founded by Michel G. Gagnon and based in Laval, Quebec, Airex Energy is dedicated to helping organizations achieve net-zero emissions through its proprietary CarbonFX torrefaction technology platform. This technology converts biomass waste into a range of value-added carbonized products such as biocoal and biochar.
"This investment is a testament to the potential of our CarbonFX technology to help organizations reduce their emissions," said Michel G. Gagnon, founder, and CEO of Airex Energy. "We are thrilled to have the support of such distinguished investors who share our vision for reducing greenhouse gas emissions."

The funds will be used to further develop the company’s proprietary technology platform and expand its customer base across North America. It will also help the company create more jobs within its local community while meeting global sustainability goals.