Three New Mexico companies qualify for angel investment tax credit program
Three New Mexico companies qualify for angel investment tax credit program
December 20, 2025 | By Dylan Ortuno, Albuquerque Business First
A trio of New Mexican companies just qualified for the New Mexico Angel Investment Tax Credit (AITC) according to a Dec. 16 press release from New Mexico Angels .
Breezy Med, GridFlow and Terra Vera were recently named recipients of the tax credit, allowing qualified investors to be able to invest in them and receive the credit as a result. The tax credit is a state incentive where in-state investors can claim 25% of qualified investments (up to $62,000 per investment) for at most five investments per year to help lower their state income tax liability.
“The Angel Investment Tax Credit is one of the key tools we have in New Mexico to incentivize and support investment in early-stage, high-potential companies,” Founder and CEO of Terra Vera Carlos Perea said in a press release. “Terra Vera has several investors who would likely not have invested as much, if at all, without this program.”
Perea added that since the New Mexican “start-up ecosystem” is still small relative to other states or regions nationwide, the tax credit is vital to helping bring support for such companies.
Breezy Med is a disinfection technology company that started in 2019 and was originally named Build With Robots. It first focused on “painting robots” alongside a coatings manufacturer to help job sites before the COVID-19 pandemic changed its focus to disinfection machines according to their website.
GridFlow is a battery company that specializes in developing lithium-ion flow batteries. Its battery is described to be capable of “providing electricity for 20 or more hours” in a safe and affordable manner according to their website.
Terra Verra is a sustainable agriculture company founded in 2020. The company’s focus involved creating technology meant to help farmers and beekeepers produce food free of dangerous chemicals in a sustainable, eco-conscious way.
According to New Mexico Angels, the tax credit has helped bring funding for over 50 New Mexican Businesses and created over 1,000 jobs since 2007.
“Since its inception, the AITC has driven investment in New Mexico-grown start-ups and signaled to investors and entrepreneurs alike that the Land of Enchantment is open for business,”, AITC sponsor and New Mexico Rep. Meredith Dixon, D-Dist. 20, said in a press release. “It is also helping us achieve our vision of diversifying our economy and strengthening the foundation of New Mexico’s burgeoning start-up ecosystem. I see this incentive as a way of creating high-paying jobs in science and technology fields while rewarding those who invest in our economic future.”
Notable companies that have been previous recipients of the tax credit are UbiQD, Parting Stone and BennuBio, among others.
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