Boston – Carbon Clean, an in cost-effective carbon capture solutions, has closed the largest ever equity funding round for a point source carbon capture company, taking a major step towards its goal of delivering industrial decarbonization on a gigaton scale by the mid-2030s.
Carbon Clean has raised U.S. $150 million from existing investor Chevron, who led the round, alongside CEMEX Ventures, Marubeni Corporation and WAVE Equity Partners and new investors, AXA IM Alts, Samsung Ventures, Saudi Aramco Energy Ventures and TC Energy. To date, Carbon Clean has raised $195 million, having closed its $30 million Series B investment round in August 2021.
The funding will support Carbon Clean’s goal of becoming the world’s leading provider of carbon capture solutions for heavy industry, which accounts for around 30% of global emissions. To achieve this, Carbon Clean will work in collaboration with industrial partners and governments to manufacture and ship hundreds of standardized, fully modular carbon capture units to industrial facilities every year.