Equatic Nets $11.6 Million in Series A as It Redefines the Future of Carbon Capture and Green Fuel

Image Credit: Equatic

Carbon removal company Equatic has raised 11.6 million dollars in a Series A funding round. The round was led by Temasek Trust’s Catalytic Capital for Climate and Health, along with Singapore-based investment office Kibo Invest, which focuses on climate initiatives.

This fresh wave of funding will help Equatic push forward on two fronts. The company is removing carbon dioxide from the atmosphere while also producing green hydrogen, giving its technology a dual purpose with wide-reaching potential.

A significant portion of the investment will support the engineering of Equatic’s first commercial facility, designed to remove 100 kilotonnes of CO2 per year. This project represents a substantial step toward commercialising the company’s seawater electrolysis process, a technology it has been refining for years.

Equatic, founded in 2023, has already launched pilot plants in both Los Angeles and Singapore. Its work has been recognised internationally, including semifinalist status in the United States Department of Energy’s Carbon Dioxide Removal Purchase Prize and finalist recognition in The Earthshot Prize competition.

The company is now expanding its presence in Singapore with a demonstration facility called Equatic One. At the same time, it is preparing to build a commercial-scale plant in Canada, a project that signals its intent to operate on a truly global scale. With a technology that addresses atmospheric carbon pollution while producing clean energy, Equatic has been laying the groundwork for broader commercial adoption since last year.

In September 2024, Equatic took another leap forward by establishing a San Diego facility for the production of oxygen-selective anodes. This move opened the door to greater efficiency in both carbon removal and the production of green hydrogen.

Leadership at the company has also undergone a shift. At the end of last year, Edward Sanders, previously the Chief Operating Officer, assumed the role of Chief Executive Officer. Jarred W. Guthrie was appointed as Chief Project Officer, and the Industry Advisory Board was strengthened with the addition of Dame Dervilla Mitchell, former Deputy Chair of Arup Group.

With this new round of capital secured, Equatic is positioned to accelerate its bold agenda. Founder and Chief Technology Officer Gaurav N. Sant emphasised that the investment will help the company scale durable carbon removal and deliver on its mission of building a cleaner, more sustainable future.