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Ucaneo raised new funding from Aramco to accelerate the development of Germany's largest Direct Air Capture demonstration plant.

Ucaneo raised new funding from Aramco to accelerate the development of Germany's largest Direct Air Capture demonstration plant.

03/11/25, 10:19 AM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/DE.svgberlin
Industry
environmental services
renewable energy
biotechnology
Round Type
seed
Investors
Aramco
Direct Air Capture startup Ucaneo has received new investment from Aramco to further its CO₂ removal technology. The funding will help Ucaneo to build a significant demonstration plant in Germany, aimed at validating its technology and meeting sustainability targets.

Company Info

Company
Ucaneo
Location
berlin, berlin, germany
Additional Info
Ucaneo is a German climate tech startup focused on developing innovative CO2 removal technologies, particularly in the direct air capture (DAC) sector. Their approach utilizes an electrochemical process modelled on the human lung to capture CO2 efficiently at room temperature. Ucaneo's goal is to drive down costs in carbon capture, aiming for a price of below €300 per tonne of CO2 in the coming years. The company plans to scale its operations with one of Germany’s largest DAC testing facilities to foster development and commercialization.
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RaisedGrowth

The data in the raised column shows reported funding for this location/industry over last 90 days.

The data in the growth column indicates the % increase or decrease of the last 90 days vs. the previous 90 days.

Please note: one or more large fundings, especially for a location/industry that doesn't historically receive much funding, can have a significant impact on the increase or decrease percentage.

https://purecatamphetamine.github.io/country-flag-icons/3x2/DE.svgberlin
$636.3 M-11.3%
biotechnology
$9 B-22.6%
renewable energy
$2 B-61.0%