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HomeFinTechRepAir Carbon: Raises $1.5M in Seed Funding

RepAir Carbon: Raises $1.5M in Seed Funding

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RepAir Carbon Raises $1.5M in Seed Funding

  • RepAir Carbon, a Tel Aviv, Israel-based modular Direct Air Capture technology company, raised $1,5M in Seed funding
  • The round was led by Counteract and ESIL, with participation from Consensus Business Group and ImpactAssets
  • The company intends to use the funds to expand team, refine the existing prototype cell, maximizing efficiency and yield before scaling production for initial customer applications
  • RepAir provides a Direct Air Capture system based on proprietary electrochemical cell technology that can capture CO2 from the air in gigaton scale
  • Powered solely by renewable energy, the system can be deployed at the site of carbon storage or utilizations, saving arable land and avoiding CO2 transport
  • Alongside Shiner, the Repair team includes co-founder and Chairman Yehuda Borenstein, CTO Ben Achrai, PhD, and Board Member Yushan Yan, PhD

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