Climeworks Secures USD 162 Million to Accelerate Direct Air Capture Technology and Expand Carbon Removal Solutions
Zurich, Switzerland — July 2, 2025 — Climeworks, a global leader and pioneer in Direct Air Capture (DAC) technology, announced today that it has raised USD 162 million in equity funding. This milestone financing round is the largest carbon removal investment globally so far in 2025 and brings Climeworks’ total raised capital to over USD 1 billion since inception. The new funds will support the company’s mission to scale up its cutting-edge DAC technology and broaden its portfolio of carbon removal services.
Strong Investor Confidence Fuels Growth
The recent funding round was led by major investors BigPoint Holding and Partners Group, with significant participation from existing stakeholders. This collective backing highlights deep investor confidence in Climeworks’ technology leadership, commercial progress, and vision to revolutionize carbon removal at scale.
Climeworks’ Co-CEOs Jan Wurzbacher and Christoph Gebald, alongside CFO Andreas Aepli, officially signed off on the financing round, marking a new phase of accelerated development and market expansion.
Advancing Breakthrough Direct Air Capture Technology
Climeworks is committed to driving down the cost of carbon removal by enhancing the efficiency and scalability of its Direct Air Capture plants. The company has already achieved several key milestones:
- The Orca plant, Climeworks’ first DAC facility, validated the company’s approach and proved its feasibility in real-world conditions.
- The second plant, Mammoth, currently enables scaling efforts and large-scale testing of advanced capture technologies.
- Significant technical improvements have increased energy efficiency by double, raised the air throughput capacity, and extended the lifespan of filter materials used in CO₂ capture.
These developments advance the company’s goal of realizing the world’s first profitable commercial direct air capture plant and making carbon removal commercially viable and sustainable.
Expanding a Diverse Carbon Removal Portfolio to Build the Market
In addition to enhancing technology, Climeworks plans to use the funding to grow its carbon removal portfolio, offering blended solutions that combine engineered direct air capture with nature-based methods. This diversified approach helps corporate clients manage risks and transition progressively toward higher-quality carbon removal strategies.
Climeworks currently holds more than six million tons of secured CO₂ removal supply and continues to lead the market by scaling both short-term and long-term carbon removal demands. Industry analysts project the global carbon removal market could grow to USD 80 billion by 2030 and reach USD 1 trillion by 2050, positioning Climeworks at the forefront of a rapidly expanding sector.
Company Perspectives and Industry Partnerships
Christoph Gebald, Co-CEO and Co-Founder of Climeworks, emphasized the significance of this milestone:
“Direct Air Capture has gone from an experimental concept to an essential part of global climate strategies. We’re focused on scaling by driving costs down and pushing innovation. Our hybrid business model supports long-term market demand while generating cash flow today. Crossing the USD 1 billion equity mark reflects that carbon removal is real, vital, and here to stay.”
Climeworks has also formed strategic partnerships to further integrate carbon dioxide removal into broader sustainability efforts. Notably, Climeworks has joined forces with SAP to embed carbon removal solutions within SAP’s net-zero initiatives, aiming to provide companies with comprehensive carbon management tools.
Moreover, Climeworks recently welcomed its first Japanese client, shipping giant NYK, which purchased a diverse carbon removal portfolio. The company also collaborated with TikTok and Two Drifters Distillery to collectively remove over 6,000 tons of CO₂, underscoring growing interest across various industries for verified carbon removal solutions.
About Climeworks
Founded in Switzerland, Climeworks is a trailblazer in Direct Air Capture technology and a leading provider of tailored carbon removal services for businesses and individuals worldwide. The company specializes in developing innovative engineering solutions that capture CO₂ directly from air and either store it permanently underground or utilize it in commercial applications. Climeworks offers customized carbon removal portfolios combining nature-based and engineered approaches, with removal volumes ranging from as small as 1 kilogram to large-scale commitments starting at 1,000 tons of CO₂.
For more information about Climeworks’ technology, carbon removal services, and partnerships, please visit www.climeworks.com.
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