Phlair Raises €14.5M for CO2 Capture Tech

Phlair, a Munich-based startup, has secured €14.5 million in funding to advance its innovative hydrolyzer-based Direct Air Capture (DAC) technology. This scalable and cost-effective solution is designed to capture CO2 from the air, helping tackle climate change.

• Funding: Led by Extantia Capital with support from Planet A, Verve Ventures, and a €2.5 million EIC Accelerator grant. Existing investors like Atlantic Labs and UnternehmerTUM also participated.

• Game-Changing DAC Tech: Phlair's technology is based on a pH-swing mechanism powered by renewable energy, making it efficient, scalable, and affordable.

• Scalability & Components: Uses off-the-shelf components from PEM fuel cells and water electrolysis for quick scalability. Includes built-in energy storage, eliminating the need for expensive battery systems.

• Commercial Traction: Already serving major clients like Shopify, Stripe, and Klarna with plans to bring two 260-ton CO2/year plants online by 2025.

• Future Goals: Aiming to lower costs to under $100 per ton of CO2, with a larger 20,000-ton commercial plant scheduled for 2026.

Phlair is paving the way for scalable, affordable CO2 capture, bringing us closer to a greener future.