TLDR:
- CarbonCapture Inc., a direct air capture company, has secured $80 million in funding from Aramco Ventures, Amazon’s Climate Pledge Fund, Siemens Financial Services, and other investors.
- The funds will be used for technology development and early installations of CarbonCapture’s DAC systems.
Los Angeles-based CarbonCapture Inc. has successfully completed its $80 million Series A financing round, with investments from prominent companies such as Aramco Ventures, Amazon’s Climate Pledge Fund, and Siemens Financial Services. The funding, led by Prime Movers Lab, will aid in further technology development and the deployment of CarbonCapture’s modular DAC systems.
CarbonCapture CEO, Adrian Corless, expressed excitement over the new strategic investors, highlighting the importance of global industrial collaboration in achieving their mission to decarbonize the atmosphere. The company has already made significant commercial progress, with offtake agreements in place with major brands.
The scalable solid sorbent DAC systems developed by CarbonCapture allow for large-scale carbon dioxide removal from the atmosphere. The company’s patented modular open systems architecture facilitates plug-and-play upgrades, mass production, and unlimited scalability. With pre-sold carbon removal credits totaling over $26 million, CarbonCapture has garnered support from industry giants like Microsoft, Amazon, and Alphabet.
