- Prime Movers Lab, a top investor in groundbreaking scientific startups, led the investment.
- Amazon’s Climate Pledge Fund, Aramco Ventures, and Siemens Financial Services are new strategic investors in CarbonCapture Inc.
- The money will be used to keep developing technology and to deploy DAC systems in the field.
CarbonCapture Inc. has completed an $80 million Series A financing. The round was led by Prime Movers Lab and included strategic investors such as Amazon’s Climate Pledge Fund, Aramco Ventures, and Siemens Financial Services. The funds will be used for technology development and early installations of CarbonCapture’s modular DAC systems.
“According to CEO Adrian Corless, it is crucial to involve the global industrial community to achieve their goal of decarbonizing the atmosphere.Adrian Corless, CEO of CarbonCapture Inc., expressed his excitement about welcoming new strategic investors and thanked existing investors for their support. Adrian Corless is the CEO of CarbonCapture Inc. “CEO Adrian Corless is thrilled to have strategic investors like Amazon, Aramco Ventures, and Siemens on board as they are essential for scaling DAC in the coming years, while also expressing gratitude to existing investors for their support.“
CarbonCapture manufactures and deploys scalable solid sorbent DAC systems based on its patented modular open systems architecture. The company has already sold over $26 million in carbon removal credits to major companies such as Microsoft, BCG, Alphabet, Meta, Stripe, Shopify, McKinsey & Company, and JPMorgan Chase & Co.
“Since our initial investment, CarbonCapture has made significant progress both technically and commercially, with agreements in place with major brands. Prime Movers Lab believes that CarbonCapture will be crucial in achieving large-scale decarbonization and will become a key player in the scientific breakthrough space.Zia Huque, General Partner and CarbonCapture Board Member at Prime Movers Lab, expressed confidence in Adrian and his team to successfully decarbonize the atmosphere at scale. Zia Huque is a General Partner at Prime Movers Lab and serves on the board of CarbonCapture. Zia Huque, General Partner and CarbonCapture Board Member at Prime Movers Lab, shared his confidence in CarbonCapture's potential to make a significant impact on atmospheric decarbonization.
There are additional statements from investors:
“Investing in CarbonCapture Inc.’s DAC system is crucial for achieving a net-zero carbon future. This investment aligns with Amazon’s existing efforts to reduce carbon emissions and contribute to environmental sustainability.” stated Dr. Adiari Vazquez, Investment Partner at Amazon’s Climate Pledge Fund. “We are thrilled to help the growth of CarbonCapture Inc., a creative company advancing the expandability and availability of carbon removal.“
“Aramco Ventures is very happy to help CarbonCapture’s unique, modular direct air capture platform,” stated Chris Haase, Investment Director of Aramco Ventures.
“Siemens Financial Services is glad to work with CarbonCapture Inc. as they take a leading role commercializing direct air capture in the US,” said Steffen Grosse, CEO of Equity Finance, Siemens Financial Services. “Already a strategic investor in negative emissions technologies that are ready to help address climate change, we’re excited to offer our expertise and selection of digital process simulation, automation, and control solutions to support CarbonCapture in their ambitious plans to deploy DAC systems at scale.“
