Climeworks raised USD 162 million in additional equity funding, with BigPoint Holding and Partners Group as the main investors and further support largely from existing backers. The financing took the company's funding since inception above USD 1 billion; that cumulative figure is not the size of the new round.
The proceeds will support development of its direct-air-capture technology and efforts to reduce the cost of removing carbon dioxide. Climeworks described its Mammoth plant as a platform for scaling and testing improvements following its earlier Orca facility. The funding also supports Climeworks Solutions, which assembles carbon-removal portfolios combining different approaches so customers can diversify their purchases rather than depend entirely on direct air capture.
