Planetary Technologies Raises $7.8M in Funding
Summary
Major investors include Innovacorp and Apollo Projects. The company intends to use the funds to build pilot facilities to deploy its proprietary carbon transition technology. Led by CEO Mike Kelland and Brock Battochio, Planetary provides the Accelerated Carbon Transition platform, which speeds up the earth’s natural process of removing carbon from the air and safely storing it in the ocean, the largest natural carbon sink on earth’s surface. Its patented process creates effective carbon removal at a gigaton-scale and reduces emissions through a clean alternative to fossil fuels. It also extracts metals from mine waste that can be used in batteries, another important tool for a future low-carbon economy.
Funding
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