CarbonCapture has raised $80,000,000.00 in new funding. Sources indicate that as part of senior management Chairman, Bill Gross played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.

About CarbonCapture
We make machines that remove carbon dioxide directly from the atmosphere. Were working to reverse climate change by making machines that leverage innovative molecular sieves, low-cost renewable energy, and tunable purpose-built systems to cost-effectively remove CO2 from the atmosphere at scale. For every ton of CO2 we capture, our process can also capture tons of clean, fresh water distilled straight from the air. This water can be used to create an oasis in the deserts in which our facilities operate. CPG companies can also reduce their carbon footprint by using our carbon-negative water in cosmetics, bath products, and beverages. CarbonCapture is the brainchild of founder Bill Gross, a technology entrepreneur and founder of Idealab, a start-up incubator with a long track-record of creating successful companies including 45 IPOs and acquisitions. Many of these companies invented technologies that transformed the internet, including the pay per click model that powers Google search. Most recently, Bill has focused Idealab on building companies that can make breakthroughs in addressing climate change in three critical areas: sustainable energy production, sustainable energy storage, and atmospheric carbon removal. In the last several years, three companies have emerged from this vision: Heliogen (AI-enabled concentrated solar power), Energy Vault (gravity-based grid-scale energy storage), and CarbonCapture (CO2 direct air capture).

To learn more about CarbonCapture, visit http://www.carboncapture.com/

Contact:
Bill Gross, Chairman
626-685-4936
https://www.linkedin.com/in/billgrossidealab/details/experience/

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