4401
Assembly Line
Earthshot winner 44.01 raises $37M Series A
Climate tech 44.01 has raised $37M Series A funding for its mineralisation technology which aims to eliminate CO2 safely, permanently and at scale. The funding will enable 44.01 to continue to refine its technology, develop commercial-scale projects, and expand its deployment internationally. The round is led by Equinor Ventures with Shorooq Partners in the UAE, as well as Air Liquide Venture Capital, Alumni Ventures, Amazon’s Climate Pledge Fund, Climate Investment, Innovation Development Oman, Planet A Ventures, Salica Oryx Fund, Siemens Financial Services, Sumitomo Corporation and several other investors. Existing investors including Breakthrough Energy Ventures have also recommitted to 44.01’s technology by participating in the round.
44.01 eliminates CO2 by turning it into rock. The company’s pioneering technology accelerates the natural process of CO2 mineralisation to remove captured CO2 permanently in less than twelve months. Mafic and ultramafic rock formations capable of mineralising CO2 are found on every continent making 44.01’s mineralisation technology a truly global climate solution. Mineralisation projects can be built quickly and modularly, offering a cost-effective alternative to conventional geological carbon storage.