Climeworks raises CHF 73M

Climeworks is one of the global leaders in carbon dioxide removal. The company’s patented technology captures CO2 directly from the air using clean energy, thereby offering a truly pure carbon dioxide removal solution. Current customers include established businesses and organizations worldwide, all with ambitious climate targets, and a growing community of private people inspired to take pioneering climate action with Climeworks.

Private investors have again confirmed their trust in the technology’s potential as a solution to reverse climate change and invested a further CHF 73 million (USD 75 million) in equity – the largest private investment ever made into direct air capture. This brings the total sum invested in Climeworks since it was founded in 2009, to over CHF 120 million.

The funds will be used to expand Climeworks’ carbon dioxide removal capacities, help to further scale and optimize the direct air capture technology and make it accessible to even more stakeholders; private people, businesses and organizations alike.

“We are very thankful for the long-term commitment of our investors, who shared our vision of a climate-positive world from the very beginning. This financing round will take Climeworks to the next level and help us make an ever-bigger contribution to reversing climate change. We aim to inspire 1 billion people to remove carbon dioxide from the air – and this investment will contribute to achieve that goal,” says Christoph Gebald, co-founder and co-CEO of Climeworks.

Since 2017, Climeworks has grown rapidly from 30 to over 100 employees and team members in three countries: Switzerland; Germany; and the Netherlands. In the coming years, the focus lies on further scaling up the Climeworks direct air capture technology, achievable with a rigorous scale-up roadmap. In doing so, Climeworks takes one step closer to becoming truly climate relevant and contributing to reversing climate change.

(Press release / SK)
Picture: Jan Wurzbacher (left) and Christoph Gebald