Greenlyte Carbon Technologies, an Essen, Germany-based direct air seize startup, raised €10.5M in Pre-Collection A funding.
The spherical noticed participation from Earlybird Enterprise Capital, Inexperienced Technology Fund, and Carbon Removing Companions, Board member Dr. Udo Jung, in addition to Partech.
The corporate intends to make use of the funds to increase operations and growth efforts.
Based on the finish of 2022 by Florian Hildebrand, Dr. Niklas Friederichsen, and Dr. Peter Behr, Greenlyte focuses on a direct air capturing (DAC) system that effectively removes CO2 from the ambiance utilizing a liquid-sorbent answer with minimal power and producing hydrogen as a byproduct. This modern course of will be absolutely built-in with renewable energies and doesn’t depend on excessive warmth or strain. The generated CO2 and hydrogen can then be used as feedstock for chemical substances, building supplies, and different fuels, or to create damaging emissions.
FinSMEs
08/03/2024
