Climeworks Secures $162 Million to Scale Up Direct Air Capture Technology
July 7, 2025 – Climeworks, the global pioneer in Direct Air Capture (DAC) technology and a leading provider of comprehensive carbon removal solutions, has announced the successful raising of $162 million in equity funding. This latest investment round, the largest carbon removal funding event worldwide in 2025 to date, marks a significant milestone for the company, taking its total funding to over $1 billion since inception.
Strengthening Leadership in Carbon Removal
The new influx of capital comes amid growing investor confidence in Climeworks’ technology and commercial progress. Key investors in this round include BigPoint Holding and Partners Group, alongside participation from several existing shareholders who have reaffirmed their support in the company’s mission to revolutionize carbon removal at scale.
The funding aims to accelerate the advancement and deployment of Climeworks’ cutting-edge DAC technology, focused on reducing the cost of removing carbon dioxide from the atmosphere – a critical component of global climate action efforts.
Advancing Cutting-Edge Technology
Climeworks has made notable progress with its proprietary DAC plants. Its first facility, Orca, successfully demonstrated the viability of its direct air capture approach. The second plant, Mammoth, is now driving technological enhancements and scaling efforts through large-scale testing of new removal methods.
Recent developments include doubling energy efficiency, increasing throughput capacity, and significantly extending the lifespan of filter materials. These improvements are essential steps toward realizing the world’s first profitable direct air capture plant.
Expanding Carbon Removal Solutions Portfolio
Beyond technology scaling, Climeworks plans to broaden its carbon removal offerings, providing tailored and blended portfolios combining nature-based and engineered solutions. These diversified packages allow businesses to begin investing in removals strategically, spreading risk, and gradually adopting higher-quality carbon removal methods.
With over 6 million tons of secured carbon removal supply already in place globally, Climeworks is positioned to meet growing demand as companies seek reliable pathways to net-zero emissions. Market analysts project that the carbon removal sector could grow to $80 billion by 2030 and potentially reach $1 trillion by 2050, highlighting the expansive opportunity ahead.
Industry Collaborations and Growing Adoption
Climeworks has recently strengthened partnerships across industries, including an alliance with SAP to integrate Carbon Dioxide Removal (CDR) solutions into SAP’s net-zero strategy, aiming to offer end-to-end carbon management. Additionally, Japanese logistics firm NYK became Climeworks’ first customer in Japan by purchasing a carbon removal portfolio.
In the consumer sector, TikTok and Two Drifters Distillery have committed to removing over 6,000 tons of CO₂ through Climeworks, underscoring the rising corporate demand for credible carbon removal solutions.
Statements from Leadership
Christoph Gebald, Co-CEO and co-founder of Climeworks, emphasized the strategic importance of scaling DAC technology: “Direct Air Capture has gone from experiment to essential—and we’re focused on scaling it by driving down costs and pushing innovation. Our hybrid model builds long-term demand while generating cash flow today, helping us grow a market that investors now see as inevitable. Crossing the $1 billion equity mark isn’t just a milestone—it shows that carbon removal is real, needed, and here to stay.”
About Climeworks
Founded with the vision to combat climate change through carbon removal, Climeworks offers services for businesses and individuals alike, including customized carbon removal portfolios and self-service online purchases beginning at as little as one kilogram of CO₂. Its proprietary technology captures CO₂ directly from the air, enabling sustainable and scalable climate impact.
As awareness and urgency around carbon dioxide removal increase globally, Climeworks’ latest funding round solidifies its role at the forefront of an emerging industry critical to achieving global climate goals.
For more information, visit Climeworks’ official website.
