Watch the news & stories in motion: Subscribe to WeeTracker on YouTube
Carbo Culture, a Helsinki, Finland energy startup has announced a seed funding round of €550,000. Investors include Lifeline Ventures, Wave Ventures, Starlight VC, along with a number of angel investors participating in the financing round.
Founded in 2013 and led by CEO Pia Henrietta Kekäläinen, the company provides a solution that turns methane-emitting local waste biomass into high carbon content charcoal.
“It’s important to build companies where profit is directly linked to positive consequence. Every ton of biochar we sell directly reduces over three tons of CO2 from the atmosphere. Our customers are part of the solution, with us,” said Kekäläinen. “With our novel approach, we can lead the market by generating new data and insights, that are highly relevant to research and applications, transparency of source and product information. ” she added.
The new funds will be invested in further development of its demonstration reactor, which is being built in California and will be equipped to handle up to six tons of food waste per day. The company thus plans to hire more talent to prepare the product, and also contemplates at doing commercial trials in the future.
Found the article interesting ? Follow us on Twitter to see what others are saying about it.
9500+ subscribers are getting our free newsletter on African technology, startups and innovators bi-weekly.
Made with ❤ in Africa