15 million for Carbyon to demonstrate its fast-swing Direct Air Capture technology

By Team IO

Until now, the groundbreaking and patented technology developed by Carbyon to extract CO2 directly from the atmosphere could only be seen in the lab. But thanks to a €15.3 million investment round, the Eindhoven-based direct air capture (DAC) startup can build the first demonstration models, launch commercial pilots, and prepare for large-scale production.

Carbyon’s “fast swing” technology allows large amounts of CO2 to be removed from the air in a short period of time, leading to significantly lower costs and energy consumption. Both are crucial for rolling out the technology on a large scale, according to the startup. This investment round brings Carbyon’s total funding to over €25 million.

The 15 million came thanks to three new investors: Germany’s Siemens Financial Services, France’s Omnes Capital, and the Dutch Global Cleantech Capital. This trio joins existing investors Invest-NL, Innovation Industries, Lowercarbon Capital (US), and the Brabantse Ontwikkelings Maatschappij (BOM). This consortium aims to work with Carbyon to realize a scalable and affordable CO2 capture solution.

High Tech Campus

The first prototypes will be built at the High Tech Campus in Eindhoven and then sent to pilot partners for further field testing. At the same time, Carbyon is preparing to increase production capacity to 50,000 machines a year by 2031 and to a gigaton scale by 2050.

Carbyon’s challenge is not the technology, it’s the business, the market, and attracting the required funding

Carbyon’s target is to build machines meant to filter CO2 out of atmospheric air in an attempt to undo climate change.

“This new investment provides us with much more than just the financial resources to grow further,” says Hans De Neve. “Our partners have valuable knowledge on how to produce and operate this type of technology on a large scale so that we can bring it to market in an accelerated but responsible manner. This consortium is a dream scenario and gives great confidence in achieving our mission!”

Andy Bown, director of Negative Emissions Technologies Investments at Siemens Financial Services, concurs: “We are pleased to support Carbyon in developing their innovative and cost-effective technology to remove CO2 from the atmosphere. We stand ready with our team to assist Carbyon in the large-scale rollout of their DAC systems.”

Main photo: Sketch of Carbyon’s machines at the site where the first demonstrators will be tested.