Last deal

$11.4M
Local Amount - EUR 10.5M

Amount

Seed

Stage

06.03.2024

Date

3

all rounds

$19.8M

Total amount

General

About Company
Greenlyte Carbon Technologies captures CO2 from the air to produce green hydrocarbons.

Industry

Sector :

Subsector :

Keywords :

Also Known As

GCT

founded date

01.01.2022

Number of employees

Last funding type

Seed

IPO status

Private

Description

The German startup, Greenlyte Carbon Technologies, has developed a breakthrough direct air capture (DAC) technology that extracts carbon dioxide from the atmosphere and converts it into green hydrocarbons. This innovative process helps combat climate change by reducing CO2 emissions and offers an alternative to fossil fuels in chemical production and airplane fuel. The company's low-energy DAC approach, which can be easily turned on and off, makes it compatible with intermittent renewable energy sources like solar and wind. Additionally, the technology generates hydrogen as a byproduct, further contributing to sustainable energy solutions. With $3.5 million raised in a pre-seed round, Greenlyte Carbon Technologies aims to provide carbon capture solutions through their online platform.
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