Project: Climeworks raises USD 30.8 million to commercialize carbon dioxide removal technology

„We are on a mission to capture 1% of global CO2 emissions by 2025, and today we can proudly announce that we are another step closer to achieving this goal. We have successfully raised CHF 30.5 million (USD 30.8 million) in equity funding from a group of existing and new private investors, as well as from Zurich Cantonal Bank. These funds will be used to further industrialize our Direct Air Capture (DAC) technology, significantly reduce its costs and prepare for mass production.“