Frankfurt am Main – Essen-based cleantech start-up Greenlyte Carbon Technologies GmbH has raised fresh capital in a seven-digit pre-seed round of financing to boost development of its technology. Investors include Earlybird, Green Generation Fund and Swiss investor Carbon Removal Partners. Among the other investors are several business angels.
A CMS team led by Dr Florian Plagemann advised Greenlyte on all legal aspects of the financing round. CMS teams headed by Dr Plagemann regularly advise start-ups and investors on financing rounds.
Greenlyte develops modular containers that extract pollutants from the air and convert them into green resources – CO2, O2 and H2. These resources can be used across various sectors, including transport, energy and manufacturing, or in carbon storage. The start-up aims to capture 2,050 giga-tonnes of CO2 from the air by 2050.
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