Mission Zero Technologies secures £21.8m in Series A funding to scale direct air capture technology
The funding round was led by 2150 to accelerate the development of mass deployable carbon removal products.
Mission Zero Technologies develops modular direct air capture technology that removes carbon dioxide from the atmosphere to create sustainable alternatives to fossil fuels.
London based direct air capture developer Mission Zero Technologies has raised £21.8m in a Series A funding round. The investment was led by 2150, with backing from World Fund, Fortescue, Siemens Financial Services, and Breakthrough Energy Ventures.
The capital will support the company as it accelerates the development of a mass deployable direct air capture product designed to recover 1,000 tonnes of atmospheric carbon dioxide annually. This latest round follows the deployment of the UK's first commercial direct air capture plant in late 2023.
Founded in 2020, the firm uses electrochemical separation and modular design to capture and concentrate carbon dioxide for various industrial applications, including sustainable aviation fuel and building materials.
From the founder
"We are delighted to welcome VCs and strategic investors with some of the strongest environmental credentials of any investors on the planet,"
Nicholas Chadwick
CEO at Mission Zero Technologies
Investor perspective
"Mission Zero’s novel technology unlocks mass deployable, low cost, energy efficient DAC, enabling effective carbon removal while also providing a circular CO₂ source that cities can use to make fuel, chemicals, building materials, and more. Mission Zero has gone from concept to commercial deployments in just three years and built a team with the technical talent and drive to rapidly deploy the most competitive DAC in the market. We are excited to support Mission Zero in their ambition to deliver climate impact at scale as the world needs solutions like this to meet the Paris Agreement goals,"
Christian Jolck
Co-founder and Partner, 2150
Use of funds
- 01Continue product development
- 02Expand into international markets
Investors
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About the company
Mission Zero Technologies
Mission Zero Technologies builds modular direct air capture systems to convert atmospheric carbon dioxide into sustainable materials.