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Parallel Carbon announced it raised $3.62 Million in an initial filing from an offering of $3.72 Million

Parallel Carbon announced it raised $3.62 Million in an initial filing from an offering of $3.72 Million

12/19/23, 4:02 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/GB.svglondon
Money raised
$3.62 million
Industry
renewable energy
Round Type
seed

Company Info

Company
Parallel Carbon
Location
pmb 1174 111 town square place
london, england, united kingdom
Additional Info
Parallel Carbon is developing the hardware platform fundamental to a post-fossil fuel society. We are building technology that removes carbon dioxide from the air while producing hydrogen to eliminate emissions. Our mission is to deliver the world’s most scalable solution to reverse climate change. The world needs to scale up carbon removal to the gigaton-level in parallel with deep decarbonization as fast as possible. According to the IPCC's AR6, "if global net negative CO2 emissions were to be achieved and be sustained, the global CO2-induced surface temperature increase would be gradually reversed." Simply put, net-negative CO2 ends global warming. Our innovation is a unique direct air carbon capture system. We’ve found a way to use ancient geochemistry with modern electrochemistry to perform direct air capture and water electrolysis simultaneously. Our process to generates high-quality carbon removal credits and green hydrogen. Over the coming decades, we will remove atmospheric CO2 at the gigaton scale. Emission reduction and removal, in Parallel

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