Mission Zero Raises $21m for Innovative DAC Technology
Mission Zero, a London, UK-based developer of direct air capture (DAC) technology, recently announced that it has successfully raised $21m in Series A funding. This significant financial backing comes from a group of notable investors, including 2150, Breakthrough Energy Ventures, World Fund, Fortescue, and Siemens Financial Services. The company has ambitious plans for the future, aiming to use the funds to expand operations and further develop its innovative DAC technology.
The team at Mission Zero, led by CEO Nicholas Chadwick, COO Shiladitya Ghosh, and CTO Gaël Gobaille-Shaw, has been hard at work developing cutting-edge DAC technology that has the capability to unlock megatonne annual CO₂ removal capacity.
With the goal of having three fully-funded systems in operation by the end of 2024, Mission Zero is pioneering projects in CO₂ mineralisation, carbon-negative building materials, and sustainable aviation fuel. The company's commitment to sustainability and environmental impact is at the core of its mission.
As Mission Zero continues to make strides in the field of carbon capture technology, it is clear that the company is dedicated to making a real difference in the fight against climate change. With the support of its investors and the leadership of its experienced founders, Mission Zero is poised for success in the coming years. By combining innovation, technology, and a passion for sustainability, Mission Zero is working towards a greener, more sustainable future for all.
They've invested in Mission Zero
Get to know these Greentech investors
Click here for a full list of 7,526+ startup investors in the UK