TLDR:
- Greenlyte Carbon Technologies, a direct air capture startup based in Essen, Germany, raised €10.5M in Pre-Series A funding.
- The funding round saw participation from Earlybird Venture Capital, Green Generation Fund, and Carbon Removal Partners, among others.
Greenlyte Carbon Technologies recently closed a €10.5M Pre-Series A funding round, with investment from Earlybird Venture Capital, Green Generation Fund, Carbon Removal Partners, Board member Dr. Udo Jung, and Partech. The company, founded in 2022, specializes in a direct air capturing system that efficiently removes CO2 from the atmosphere using a liquid-sorbent solution with minimal energy and producing hydrogen as a byproduct. This innovative process can be fully integrated with renewable energies and doesn’t rely on high heat or pressure. The generated CO2 and hydrogen can then be used as feedstock for various industries, contributing to the reduction of emissions and the creation of negative emissions.
