202229 Jun

Using Breakthrough Technology to Eliminate Emissions and Combat Climate Change

Summary

This fresh funding ensures we can reach industrial scale to help new and existing partners achieve rapid emissions-reduction.Twelves partners include Mercedes-Benz, Procter & Gamble, Shopify, the U.S. National Aeronautics and Space Administration (NASA), and the U.S. Air Force, all of which use Twelves breakthrough carbon transformation technology to reduce emissions and create CO2Made products.As more companies and organizations adopt carbon-neutrality targets, they urgently need technologies like Twelves to rapidly green supply chains and corporate travel to reduce emissions at scale, said Zachary Bogue, Managing Partner, DCVC. In addition, Twelve secured a Series B and strategic program investment from the Chan Zuckerberg Initiative (CZI).Carbon transformation has the potential to turn CO2 from a harmful waste stream into useful products for the global economy, said Jonathan Goldberg, CEO of Carbon Direct. With the costs of carbon capture, renewables and electrolyzers continuing to fall, Twelves technology stands to play a crucial role in decarbonizing some of the hardest-to-abate industries.To help drive Twelves industrial scaleup, the company just announced additions of key industry veterans to its leadership team: Anne Roby, Independent Board Director and former Linde executive; David Frank, Chief Productization Officer and former Cummins director; and Ram Ramprasad, Chief Commercial Officer and former Linde executive.Twelve is currently taking pre-orders for CO2Made materials and E-Jet. For more information on process, product and partnerships, and opportunities to join Twelves growing team, go to www.twelve.co.The Chan Zuckerberg Initiative was founded in 2015 to help solve some of societys toughest challenges from eradicating disease and improving education, to addressing the needs of our local communities. Reinventing what it means to be a chemical company, were on a mission to create a climate positive world and a fossil free future through the power of chemistry.

Source: Chanzuckerberg

Funding

$130M
Amount
Jun 29 2022
Date
-
Investor
Twelve
Company

Classifications

Companies