Nitricity, the climate scaleup electrifying the production of nitrogen fertilizer worldwide, announced it has closed a $50 million Series B funding round, days ahead of the groundbreaking ceremony on the company's first-of-a-kind organic fertilizer plant in Delhi, California.

The funding round was co-led by new investor World Fund, Europe's leading climate VC, and returning investor Khosla Ventures, with participation from Chipotle's Cultivate Next venture fund, Change Forces, Susquehanna Sustainable Investments, EIP, and Fine Structure Ventures [from the Fidelity Investments parent group, FMR].