Climeworks has concluded a success funding round. According to a press release, the start-up was able to secure 73 million Swiss francs in capital from private investors. This means that Climeworks has already been able to take investments amounting to over 120 million Swiss francs since separating from the Swiss Federal Institute of Technology in Zurich (ETH) in 2009.
Climeworks has developed technology that can filter CO2 directly from the air with the aid of renewable energy. The company’s development is being tested and implemented in several applications. For instance, the Karlsruhe Institute of Technology is converting CO2 captured from the air by Climeworks into fixed carbon for high-tech uses. Another collaboration with Lufthansa and Synhelion – another spin-off from the ETH – aims to use CO2 from the air to create synthetic fuel.
Climeworks aims to use the new capital to further develop its technology, increasing the capacity to draw CO2 from the air, for instance. The aim is for the technology to reach even more companies, organizations and private individuals. Christoph Gebald, Co-Founder and Co-CEO of Climeworks, says: “We aim to inspire 1 billion people to remove carbon dioxide from the air – and this investment will contribute to achiev[ing] that goal.”