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Greenlyte Carbon Technologies secured €10.5M in a Pre Series A round to develop a direct air capture system for CO2 removal and hydrogen production.

Mar 06, 2024over 1 year ago

Amount Raised

€10.5 Million

Round Type

series a

GermanyManufacturingEnergy

Investors

PartechDr. Udo JungCarbon Removal PartnersGreen Generation FundEarlybird Venture Capital

Description

Greenlyte Carbon Technologies (GCT) announced the closing of a €10.5 million Pre Series A round. The funding will be used to grow the team, perform technology development and deployment, accelerate scaling, and drive down costs. The round is a proof of the company's ambition to build a global DAC champion fast.

Company Information

Company

Greenlyte Carbon Technology

Location

Germany

About

Greenlyte Carbon Technologies (GCT) is a Direct Air Capture startup specializing in removing CO2 from the atmosphere using a liquid-sorbent solution and producing hydrogen as a byproduct.

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