Climeworks Secures $162 Million to Accelerate Carbon Removal Technology
July 7, 2025 — Climeworks, a global pioneer in Direct Air Capture (DAC) technology and a leading provider of comprehensive carbon removal solutions, announced today that it has raised $162 million in new equity funding. This investment marks the largest carbon removal funding round worldwide so far in 2025 and pushes the company’s total capital raised since inception to over $1 billion.
The significant financing round highlights strong investor confidence in Climeworks’ cutting-edge technology and its mission to drive down the cost and scale of carbon removals necessary to address climate change. The round was led by BigPoint Holding and Partners Group, with substantial participation from existing investors who continue to support the company’s ambitious growth plans.
Advancing Next-Generation Direct Air Capture Technology
Climeworks utilizes Direct Air Capture technology, which extracts CO₂ directly from the atmosphere for permanent removal. The company has made notable strides in scaling up this technology. Its first commercial plant, Orca, successfully validated its technology approach, and its second plant, Mammoth, is now enabling large-scale testing and further enhancements.
Recent technological improvements include doubling the energy efficiency of the process, increasing the volume of CO₂ captured, and significantly extending the lifespan of critical filter materials. These advancements are essential steps toward making the world’s first profitable DAC plant a reality.
Expanding a Diverse Carbon Removal Portfolio
The freshly secured capital will also help Climeworks grow its portfolio of carbon removal solutions. By offering tailored and hybrid portfolios blending nature-based and engineered approaches, the company aims to help businesses manage risk while scaling up their investments in carbon removal.
As corporate demand for reliable and verifiable carbon removal surges, Climeworks is uniquely positioned to address both immediate and long-term needs. The company currently manages over six million tons of secured carbon removal capacity globally. Market analysts project the carbon removal sector could expand to $80 billion by 2030 and potentially reach $1 trillion by 2050. Industry Partnerships Highlight Growing Demand
This year, Climeworks has forged new alliances underscoring broad interest in carbon removal. Notably, it partnered with SAP to integrate carbon dioxide removal into SAP’s comprehensive net-zero strategy, enabling joint innovation to support corporate carbon management.
In addition, Nippon Yusen Kabushiki Kaisha (NYK) became Climeworks’ first customer from Japan, procuring a customized carbon removal portfolio. Companies from diverse sectors such as TikTok and Two Drifters Distillery have also engaged with Climeworks to offset thousands of tons of CO₂, showing cross-industry commitment to carbon removal solutions.
Climeworks’ Co-CEO and Co-founder, Christoph Gebald, said:
“Direct Air Capture has evolved from an experimental concept to an essential climate tool. Our focus is scaling this technology by driving innovation and reducing costs. Our hybrid business model balances generating cash flow today while building long-term demand, fueling market growth that investors now recognize as inevitable. Surpassing $1 billion in equity funding is not just a milestone—it is proof that carbon removal is a tangible, necessary, and enduring solution.”
With this new funding, Climeworks is set to accelerate its mission to make carbon removal accessible and affordable worldwide, playing a critical role in global efforts to limit climate change.
For more information, visit Climeworks at www.climeworks.com.
