Oman’s climatetech 44.01 concluded $37 M in Series A funding round
Summary
Participating in the round are longstanding investors, such as Breakthrough Energy Ventures, who have reaffirmed their commitment to 44.01s technology.The fundraising demonstrates faith in 44.01s mineralization technology to remove CO2 in a safe, long-term, and large-scale manner. The money will allow 44.01 to carry out technological advancements, create projects of a commercial nature, and broaden its application globally.Talal Hasan, Founder and CEO of 44.01, said We believe mineralisation can play a significant role in protecting and repairing our climate. We are grateful to our investors for committing to that mission and for demonstrating their confidence in our technology.Our investors bring a wealth of international expertise and experience that will help us to accelerate our development and ultimately mineralise CO2 at scale world-wide.44.01s mineralization technology is a truly global solution to climate change because mafic and ultramafic rock formations that are capable of mineralizing CO2 are found on every continent. The UAE has been playing a vital role in advancing climate tech initiatives with the nations leadership paving the way, and we are proud to contribute to this mission. This investment aligns with our vision of fostering groundbreaking technologies that address critical global challenges and move towards a more sustainable and safer future.