Swiss startup Climeworks said it had raised a further $75 million from private investors to help fund technology that captures carbon dioxide directly from the air.
The firm uses filters and fans to extract carbon dioxide from the atmosphere. The carbon dioxide is then stored or made into fertilizer for greenhouses or bubbles for fizzy drinks.
“We aim to inspire 1 billion people to remove carbon dioxide from the air, and this investment will contribute to achieve that goal,” said Christoph Gebald, cofounder of Climeworks, in a statement.
Climeworks said a total of 120 million Swiss francs ($125 million) now had been invested in its technology, adding the funds will be used to expand its capacities, further scale its technology, and make it accessible to even more stakeholders.