Mission Zero Technologies Revolutionizes Carbon Removal with £21.8M Funding
March 19, 2024, 3:31 am
Location: United Kingdom, England, London
Employees: 11-50
Founded date: 2020
Total raised: $32.75M
Mission Zero Technologies, a London-based cleantech company, has secured £21.8 million in Series A funding to advance its innovative direct air capture (DAC) technology. Founded in 2020, Mission Zero has developed a versatile solution inspired by biological processes to capture atmospheric CO₂ efficiently and cost-effectively.
Utilizing electricity and a liquid solution, Mission Zero's DAC technology continuously regenerates the capture solution and concentrates CO₂ as a pure gas. The modular design allows for rapid scaling and deployment, making it suitable for various industrial applications and locations.
Unlike traditional DAC technologies, Mission Zero's solution is energy efficient and compatible with renewable energy sources, enabling on-demand atmospheric CO₂ removal directly at the point of use. The company aims to democratize access to sustainable carbon removal pathways and reduce reliance on fossil fuels.
With funding from investors like 2150, World Fund, Fortescue, Siemens Financial Services, and Breakthrough Energy Ventures, Mission Zero is poised to accelerate the development of mass deployable DAC products. By the end of 2024, the company plans to have three systems in operation, supporting projects in CO₂ mineralization, carbon-negative building materials, and sustainable aviation fuel.
Dr. Nicholas Chadwick, CEO of Mission Zero Technologies, expressed excitement about the partnership with investors who share the company's environmental vision. The funding will enable Mission Zero to scale its DAC technology rapidly and responsibly, maximizing its positive impact on climate change.
Christian Jolck, Co-founder and Partner at 2150, praised Mission Zero's innovative approach to carbon removal and highlighted the company's ability to transition from concept to commercial deployment in just three years. The goal is to deliver effective carbon removal solutions at scale to align with the goals of the Paris Agreement.
Overall, Mission Zero Technologies is at the forefront of revolutionizing carbon removal with its groundbreaking DAC technology. The funding secured will drive further innovation and deployment, paving the way for a more sustainable and carbon-neutral future.
Utilizing electricity and a liquid solution, Mission Zero's DAC technology continuously regenerates the capture solution and concentrates CO₂ as a pure gas. The modular design allows for rapid scaling and deployment, making it suitable for various industrial applications and locations.
Unlike traditional DAC technologies, Mission Zero's solution is energy efficient and compatible with renewable energy sources, enabling on-demand atmospheric CO₂ removal directly at the point of use. The company aims to democratize access to sustainable carbon removal pathways and reduce reliance on fossil fuels.
With funding from investors like 2150, World Fund, Fortescue, Siemens Financial Services, and Breakthrough Energy Ventures, Mission Zero is poised to accelerate the development of mass deployable DAC products. By the end of 2024, the company plans to have three systems in operation, supporting projects in CO₂ mineralization, carbon-negative building materials, and sustainable aviation fuel.
Dr. Nicholas Chadwick, CEO of Mission Zero Technologies, expressed excitement about the partnership with investors who share the company's environmental vision. The funding will enable Mission Zero to scale its DAC technology rapidly and responsibly, maximizing its positive impact on climate change.
Christian Jolck, Co-founder and Partner at 2150, praised Mission Zero's innovative approach to carbon removal and highlighted the company's ability to transition from concept to commercial deployment in just three years. The goal is to deliver effective carbon removal solutions at scale to align with the goals of the Paris Agreement.
Overall, Mission Zero Technologies is at the forefront of revolutionizing carbon removal with its groundbreaking DAC technology. The funding secured will drive further innovation and deployment, paving the way for a more sustainable and carbon-neutral future.