Thursday 4 June 2020

Air carbon capture firm raises $75m in funds

Swiss start-up Climeworks, has raised $75 million (£59m) to fund direct-from-air carbon capture technology.

The firm uses filters and fans to extract carbon dioxide from air. The gas is then stored or made into fertiliser for agriculture companies or bubbles for fizzy drinks.

Current customers of the company include businesses and organisations worldwide with climate targets and private investors, inspired to take climate action to reduce carbon dioxide emissions.

Christoph Gebald, Co-Founder and Co-CEO of Climeworks, said: "This financing round will take Climeworks to the next level and help us make an ever-bigger contribution to reversing climate change.

"We aim to inspire 1 billion people to remove carbon dioxide from the air and this investment will contribute to achieving that goal."

The firm confirms a total of $125 million (£99m) has now been invested in its technology since it was founded in 2009.