RepAir Carbon Capture Raises $10M in Series A Funding

RepAir Carbon

RepAir Carbon Capture, a Tel Aviv Israel-based provider of an energy-efficient and scalable CO2 capture solution, raised $10M in Series A funding.

The round was led by Extantia Capital, with participation from Equinor Ventures, Shell Ventures, and Zero Carbon Capital.

The company intends to use the funds to expand operations and its development efforts.

Led by CEO Amir Shiner, RepAir Carbon Capture aims to innovate the direct air capture (DAC) industry with technology that uses less energy than conventional  DAC systems. Its solution captures carbon dioxide from the air, utilizing renewable electricity to separate CO2 at a gigaton scale. The system is also built using multiple cell stacks, which makes it modular, scalable, and affordable.

RepAir Carbon was founded in 2020 with a vision of transforming the direct air capture (DAC) industry with its technology that uses 70% less energy than conventional  DAC systems. Its low-cost, scalable solution captures carbon dioxide from the air, utilizing renewable electricity to separate CO2 at a gigaton scale.

FinSMEs

06/12/2022