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Amsterdam-based SeaO2, a startup specialising in carbon (CO₂) removing know-how from seawater, introduced on Monday that it has secured over €2M in a funding spherical.
The funding spherical was backed by DOEN Participaties, NEW-TTT fund, Future Tech Ventures, CarbonFix, angel buyers Eduard Talman and Siddharth Kambe, and others.
The most recent capital injection will allow the corporate to transition from prototype to pilot plant, improve workforce capabilities, and implement a complete Monitoring, Reporting, and Verification system.
The pilot plant is anticipated to have an annual capability of 250 tons of CO2 and is scheduled for launch in the summertime of 2025.
The corporate is on a mission to take away one megaton of CO₂ by 2030 and a gigaton by 2045.
Ruben Manufacturers, CEO and co-founder of SeaO₂ says, “This funding acknowledges our workforce’s exhausting work and dedication. With this further help, which up to now included grants, subsidies, investments, and early prospects, we will scale our operations and speed up our influence on local weather change much more quickly. It’s a essential step in the direction of our purpose of eradicating a megaton of CO₂ by 2030 and a gigaton by 2045, advancing our mission within the battle in opposition to local weather change.”
In addition to the funding spherical, the Amsterdam-based firm has additionally established strategic partnerships with organisations, corresponding to XPRIZE Carbon Elimination, TU Delft, Klarna, Wetsus, and Redstack.
SeaO2: Specialised in modern carbon (CO₂) removing know-how
Based in 2021 by Ruben Manufacturers, Rose Sharifian, and David Vermaas, SeaO2 has developed know-how, utilizing an electrochemical course of to extract CO₂ from seawater, which may then be saved or reused.
Consequently, the corporate goals to mitigate local weather change by returning carbon-free water to the ocean, enhancing its capacity to soak up CO₂ from the ambiance.
Notably, SeaO2 has participated in a profitable carbon removing mission with Paebbl within the Wadden Sea.
The corporate was recognised within the prime 100 of the XPRIZE competitors and delivered award-winning pitches at The Subsequent Internet, Tech Tour Oceans, and Tech Tour Water.
Moreover, the corporate has joined key coalitions such because the Carbon Enterprise Council, the Unfavourable Emissions Platform, and CCU Alliantie.
“We wish to scale up as quick as doable,” says Ruben. “That’s why now we have participated in a number of accelerator packages like CEEZER, Blue Make investments, AirMiners, and Take away. At the moment, we’re studying so much by collaborating within the PortXL, Inventive destruction lab / Xprize CDR program, and Ocean Imaginative and prescient packages.”
The buyers
DOEN Participaties is an influence investor in sustainable and social startups within the Netherlands.
They put money into the early levels of firms and are prepared to take dangers.
The corporate is wholly owned by and managed by Stichting DOEN. Stichting DOEN was established by the Postcode Lottery.
DOEN Participaties states, “We’re investing in SeaO₂ as a result of present carbon removing strategies usually are not but efficient on the required scale. Due to this fact, improvements like SeaO₂ are urgently wanted, and funding is important to drive the sector ahead and unlock its potential for international influence.”
CarbonFix accelerates local weather breakthroughs by funding moonshots, offering enterprise help, popularising transformative pathways, and eradicating systemic roadblocks.
CarbonFix says, “CarbonFix is proud to have helped construct this coalition. Our function within the ecosystem is to catalyse networks, funding, and expertise to unlock modern pathways within the battle in opposition to local weather change. SeaO₂ is a primary instance of this influence.”
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