Funds Pumped into Climeworks: $162 Million Secured for Advanced Direct Air Capture Technology
In a significant move towards tackling climate change, Swiss carbon capture company Climeworks has raised $162 million in equity funding, marking the largest carbon removal investment globally for 2025 so far. This funding will be primarily used to accelerate innovation in Climeworks' Direct Air Capture (DAC) technology, lower operational costs, and expand their CO₂ removal platform.
The funding round, led by BigPoint Holding and Partners Group, reflects strong investor confidence in Climeworks' approach and long-term mission to combat climate change through scalable carbon removal solutions. Christoph Gebald, co-CEO and co-founder of Climeworks, states that Direct Air Capture has become essential, and they are focused on scaling it.
The funds will drive down costs and push technological innovation to make Direct Air Capture a more affordable and scalable climate solution. Climeworks plans to expand operations to increase the volume of CO₂ that they can capture and remove from the atmosphere, supporting their mission to capture 1 billion tons of CO₂ by 2050.
The funding will also be used to advance next-generation DAC technology to address current limitations in cost and capacity, aiming to make carbon removal mainstream and impactful at a global scale. Climeworks' hybrid model, which combines carbon removal and carbon selling, aims to build long-term demand while generating cash flow today.
Climeworks has already made significant progress with its plants. Orca, their first large-scale DAC plant, successfully validated their approach, while Mammoth is enabling large-scale testing of new technologies. The company's commercial platform, which already has over 6 million tons of secured CO₂ removal supply, will continue to be built out with this new investment.
For the long term, companies are focusing on technical removals like Climeworks' Direct Air Capture technology. As companies turn to nature-based and hybrid solutions for immediate carbon removal needs, Climeworks is well-equipped to meet both short-term and long-term demand for carbon removal.
Crossing the $1 billion equity mark is a milestone for Climeworks, according to Christoph Gebald. The hybrid model helps grow a market that investors now see as inevitable, according to him. The funding will support the development and expansion of Climeworks’ technology and infrastructure, enabling broader deployment of Direct Air Capture to meet ambitious global climate goals.
In summary, the $162 million funding will support Climeworks' efforts to drive down costs, push technological innovation, and expand their CO₂ removal platform. The funding round emphasises Climeworks' commitment to scaling its Direct Air Capture (DAC) technology to reduce carbon removal costs and make carbon removal mainstream and impactful at a global scale. Christoph Gebald's statement suggests that carbon removal is real, needed, and here to stay, according to Climeworks.
- Investors, led by BigPoint Holding and Partners Group, have shown confidence in Climeworks' approach to environmental science, specifically combating climate change through the finance-backed development of their Direct Air Capture (DAC) technology.
- With the $162 million funding, Climeworks aims to make its DAC technology more affordable and scalable, positioning it as a mainstream and impactful climate solution by advancing next-generation DAC technology and expanding operations to capture and remove larger volumes of CO₂ from the atmosphere.
