Parallel Carbon
Removing and Reducing Carbon, in Parallel Affordable Direct Air Carbon Capture and Clean Hydrogen Technologies
Removing and Reducing Carbon, in Parallel Affordable Direct Air Carbon Capture and Clean Hydrogen Technologies
Parallel Carbon is a United Kingdom based startup focused on combating climate change through their innovative solutions. Their mission revolves around utilizing Direct Air Capture (DAC) and Water Electrolysis processes, powered by solar and wind energy, to remove carbon from the atmosphere and produce clean hydrogen in an affordable manner. By 2030, they aim to capture carbon for under $100 per ton and generate clean hydrogen for $1 per kilogram, exhibiting their commitment to make a significant impact on the environment. Embracing a dual process of ancient geochemistry coupled with modern electrochemistry, Parallel Carbon is doubling its efforts against climate change. Their recent $3.60M Seed Round investment on 08 January 2024 from a group of investors including DNX Ventures, Aramco Ventures, Axon Partners Group, Rumbo Ventures, VOYAGERS.io, Counteract, and Andrew MacKay signifies growing interest and support for their promising technologies in the renewable energy and semiconductor industries.
| Funding Stage | Amount | No. Investors | Investors | Date |
|---|---|---|---|---|
| Seed Round | $3.60M | 6 |
|
08 Jan 2024 |
| Grant | £100.00K | 1 | TechX Clean Energy Accelerator | 15 Feb 2023 |
| Seed Round | Unknown | 1 |
|
10 Apr 2022 |
We care about your data, and we'd love to use cookies make your experience better.
