Greenlyte Carbon Technologies

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Greenlyte Carbon Technologies secures €10.5M for Direct Air Capture System

πŸ“… Date:

πŸ”– Topics: Funding Event

🏒 Organizations: Greenlyte Carbon Technologies

Direct Air Capture startup Greenlyte Carbon Technologies (GCT) announced the closing of a €10.5 million Pre Series A round. This process can be fully integrated with renewable energies and doesn’t rely on high heat or pressure. The generated CO2 and hydrogen can then be used as feedstock for chemicals, construction materials, and alternative fuels or to create negative emissions.

With the new funds, we can grow our team from 30 to 50 people, allowing us to perform technology development and deployment in parallel with our expedited go-to-market, accelerate our scaling, and drive down costs more rapidly. The round is proof of our ambition to build a global DAC champion fast.”

Read more at Tech EU