Avnos Attracts Additional $36M In Series A To Expand HDAC™ Technology
02/06/24, 12:16 PM
Location
los angelesMoney raised
$36 million
Industry
environmental services
energy
Investors
Rusheen Capital Management, Envisioning Partners, Shell Ventures Llc, Next Era Energy Resources, Llc
Avnos, Inc. has closed $36 million in Series A funding to scale its HDAC™ technology, expand its team, deploy additional HDAC assets, and open a new research and development facility outside New York City.
Company Info
Location
los angeles, california, united states
Additional Info
Avnos was founded in 2020 with a singular focus on developing and deploying the most resource efficient, geographically flexible, and cost-effective technology in the Direct Air Capture (DAC) market. Using a pioneering moisture-responsive CO2 adsorbent, Avnos’ novel Hybrid Direct Air Capture (HDAC™) technology produces water as it captures CO2 and eliminates the need for external heat input. Based on intellectual property from leading institutions, including Pacific Northwest National Laboratory, Avnos has been awarded multi-million-dollar projects from the U.S. Department of Energy to demonstrate its HDAC solution in the field, and from the U.S. Office of Naval Research to pilot CO2 capture and e-fuels production. The Company has previously raised seed funding from the Grantham Foundation and Thistledown Foundation.