Sustaera Closes $10 Million Series A Financing To Develop Low-Cost Direct Air Capture Technology
12/16/21, 2:00 PM
Location
caryMoney raised
$10 million
Round Type
series a
Sustaera, a direct air capture (DAC) carbon dioxide removal company spun-out of Susteon Inc., announced the closing of its $10M Series A financing round led by Breakthrough Energy Ventures and Grantham Trust’s Neglected Climate Opportunities LLC. Seed R&D funding was provided by the United States Department of Energy (DOE) and North Carolina’s Department of Commerce through multiple grants including one in partnership with Columbia University over the past several years. Sustaera will use the investment to accelerate its research and development program and build its first pilot plant.
Company Info
Location
cary, illinois, united states
Additional Info
Based in Cary, North Carolina, Sustaera is a Direct Air Capture technology startup with deep expertise in carbon capture, separations chemistry and process scale-up. Sustaera’s mission is to deliver low-cost, scalable, carbon removal systems to the world to “Restore the Carbon Balance”. Sustaera’s core technology is based on several breakthroughs in material science, process design, and modular manufacturing. The company is building its first demonstration unit in North Carolina in 2022. More information at www.sustaera.com