Phlair (previously Carbon Atlantis), an organization creating a hydrolyzer-based Direct Air Seize (DAC) expertise which allows scalable and low-cost CO2 seize from ambient air, raised a €14.5 million seed spherical.
The financing spherical is led by Extantia Capital, with participation from Planet A and Verve Ventures and features a €2.5 million grant from the EIC accelerator. Present buyers Atlantic Labs, Counteract, and UnternehmerTUM Funding for Innovators additionally participated within the oversubscribed spherical. The funding can be used to convey its first-of-a-kind Direct Air Seize vegetation on-line in 2025, delivering to a roster of early clients corresponding to Shopify, Stripe, Klarna, and Deep Sky.
Based in 2022 by Malte Feucht, Paul Teufel, and Steffen Garbe, Phlair’s progressive resolution permits using off-the-shelf elements and is completely suited to the intermittent nature of renewable power sources. The outcome is a straightforward but novel DAC expertise that’s each reasonably priced and scalable. To take action, Phlair’s system employs a pH-swing mechanism powered solely by electrical energy for environment friendly CO₂ seize and launch.
The captured CO2 is utilized by companions for everlasting storage or to fabricate CO2-negative chemical compounds. Constructing on current and confirmed low-capex elements from Polymer Electrolyte Membrane (PEM) gasoline cells and water electrolysis, Phlair’s resolution permits for fast scalability with excessive sturdiness. The system additionally features a built-in power storage mechanism, eliminating the necessity for added costly battery storage.
“Our DAC system is purposefully designed for mass manufacturing,” stated Founder & CEO Malte Feucht. “Combining our manufacturability with fast execution, we’re capable of begin addressing the world’s pressing want for scalable DAC options and ship significant volumes. All of this whereas driving prices down towards our long-term purpose of sub $100/tCO2, placing us in an excellent place to steer this trade.”
The corporate has already constructed a working ton-scale demonstrator of its expertise and has skilled vital business traction solely 18 months after inception. It serves clients, corresponding to Shopify, Stripe, Klarna, and Deep Sky, to ship everlasting carbon elimination. The increase will speed up the event of two 260 t-CO2/12 months FOAK vegetation, Electra 01 and Electra 02. The spherical additionally lays the inspiration for its first giant >20,000 t-CO2/12 months business plant, Daybreak, scheduled to come back on-line in 2026.
“Scaling DAC whereas aggressively driving down the prices isn’t any small feat. We’re satisfied Phlair is uniquely positioned to steer the third wave of DAC corporations (DAC 3.0), as they place emphasis not simply on worth but additionally on manufacturability,” added Torben Schreiter, Associate at Extantia Capital. “The group is nothing wanting excellent, and we’re impressed by their pace of execution.”
