44.01 announced that it has received $37 million in a round of funding co-led by new investors, Equinor Technology Ventures AS, and Shorooq Partners on July 15, 2024. The transaction included participation from new investors, Air Liquide Investissements d'Avenir et de Demonstration S.A., Alumni Ventures Group, LLC, The Climate Pledge Fund, a fund managed by Amazon.com Inc., Investment Arm, OGCI Climate Investments LLP, Planet A GmbH, The Oryx Fund, a fund managed by Salica Investments Advisory LLP, Siemens Financial Services GmbH, Sumitomo Corporation, IDO Investments, returning investor, Breakthrough Energy LLC.