Phlair (previously Carbon Atlantis), an organization growing a hydrolyzer-based Direct Air Seize (DAC) expertise which permits 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. Current traders Atlantic Labs, Counteract, and UnternehmerTUM Funding for Innovators additionally participated within the oversubscribed spherical. The funding might be used to deliver its first-of-a-kind Direct Air Seize vegetation on-line in 2025, delivering to a roster of early clients reminiscent of Shopify, Stripe, Klarna, and Deep Sky.
Based in 2022 by Malte Feucht, Paul Teufel, and Steffen Garbe, Phlair’s modern resolution permits using off-the-shelf parts and is completely suited to the intermittent nature of renewable vitality sources. The end result is a straightforward but novel DAC expertise that’s each inexpensive 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 parts from Polymer Electrolyte Membrane (PEM) gasoline cells and water electrolysis, Phlair’s resolution permits for speedy scalability with excessive sturdiness. The system additionally features a built-in vitality storage mechanism, eliminating the necessity for added costly battery storage.
“Our DAC system is purposefully designed for mass manufacturing,” mentioned Founder & CEO Malte Feucht. “Combining our manufacturability with speedy 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 objective of sub $100/tCO2, placing us in an awesome place to guide this trade.”
The corporate has already constructed a working ton-scale demonstrator of its expertise and has skilled important business traction solely 18 months after inception. It serves clients, reminiscent of Shopify, Stripe, Klarna, and Deep Sky, to ship everlasting carbon removing. The elevate will speed up the event of two 260 t-CO2/yr FOAK vegetation, Electra 01 and Electra 02. The spherical additionally lays the muse for its first massive >20,000 t-CO2/yr business plant, Daybreak, scheduled to come back on-line in 2026.
“Scaling DAC whereas aggressively driving down the prices is not any small feat. We’re satisfied Phlair is uniquely positioned to guide the third wave of DAC firms (DAC 3.0), as they place emphasis not simply on value but additionally on manufacturability,” added Torben Schreiter, Accomplice at Extantia Capital. “The group is nothing in need of excellent, and we’re impressed by their pace of execution.”
