Equatic, a global company that works on removing carbon dioxide and producing green hydrogen, announced on Monday that it has raised $11.6 million in its Series A funding round.
The firm said in a statement round was led by Catalytic Capital for Climate and Health (C3H), a catalytic vehicle by Temasek Trust, and Kibo Invest, a Singapore-based private investment office with a focus on climate technology. The funding round, with participation from a consortium of global investors, will accelerate the engineering scale-up and commercialization of Equatic’s patented seawater electrolysis technology.
This large investment will help Equatic continue building its first commercial plant that can remove 100,000 tonnes of carbon dioxide. It will also support the company in expanding its business, improving manufacturing, and developing new technology.
Equatic’s unique technology can remove carbon dioxide from the air and produce green hydrogen at the same time, helping tackle two major goals for reaching net-zero emissions.
“This investment marks a pivotal moment for Equatic, enabling us to significantly scale our production capabilities and accelerate our mission to deliver durable carbon removal at scale,” said Gaurav N. Sant, Founder and Chief Technology Officer, Equatic.
“The Temasek Trust ecosystem has been a foundational partner to Equatic, from early-stage philanthropic backing from Temasek Foundation to catalytic investment through C3H,
“We welcome Kibo Invest as co-lead and recognize their commitment to invest in companies that are revolutionizing industries and addressing urgent climate challenges,” he added.
Meanwhile, Lord John Browne, Chairman of Equatic’s Advisory Board, Founder and Chairman at BeyondNetZero, and the former Chief Executive Officer of British Petroleum, said truly innovative carbon management technologies are needed to mitigate climate change before the consequences become irreversible.
“By removing carbon dioxide and simultaneously generating green hydrogen, Equatic’s solution provides unique advantages in terms of cost and scalability,” he added.
Ryan Tan, Head of C3H, said that Equatic’s technology and approach are great examples of bold, scalable innovation that match C3H’s mission.
“We are delighted to support Equatic’s goal in advancing promising climate mitigation solutions that offer permanent, durable carbon removal with green hydrogen production for scalable, tangible impact and commercial benefit,” he added.
James Marshall, Chief Executive Officer of Kibo Invest, also said Equatic represents an exciting opportunity to scale deep-tech innovation that addresses two critical needs: decarbonization and clean energy.
“As an investor focused on climate solutions, we are proud to partner with C3H and Equatic to help bring this breakthrough technology to commercial scale,” he added.
Since starting operations in 2023, Equatic’s technology has been successfully used at two pilot plants in Los Angeles and Singapore.
The company is now growing its operations with a demonstration plant in Singapore, called Equatic-1, and a commercial-scale plant in Canada.
In September 2024, Equatic achieved a major climate milestone by producing oxygen-selective anodes in the U.S., enabling large-scale hydrogen production directly from seawater.
To ensure reliable carbon removal, Equatic follows the ISO-14064 standard for measuring, reporting, and verifying (MRV), which it first introduced in May 2023. This standard was later approved by two major carbon removal registries, Isometric and Puro. Earth. This makes Equatic one of the few marine companies able to issue high-quality carbon removal (CDR) credits under both registries, with complete transparency and independent auditing.
Buyers of Equatic’s CDR credits include Boeing and other major industrial companies that support market-based approaches to cutting emissions.
This Series A round reflects the increasing momentum for scalable climate mitigation solutions and demonstrates the power of catalytic capital and science-driven innovation in accelerating progress on the global climate challenge, said the statement.
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