Italian startup CarpeCarbon has secured €1.765 million in pre-seed funding to advance its Direct Air Capture technology aimed at CO2 removal and storage, marking a significant milestone in the Climate Tech sector.

Target Information

CarpeCarbon, an innovative Italian startup based in Turin, specializes in capturing and storing atmospheric CO2 through Direct Air Capture (DAC) technology. The company aims to develop solutions for the safe and permanent removal of significant amounts of CO2 from the atmosphere—a principal contributor to global warming. CarpeCarbon's technology filters air to retain CO2 molecules emitted from fossil fuel combustion while releasing other air components, resulting in negative emissions. Additionally, the captured CO2 can be utilized in various industrial applications, including the production of net-zero synthetic fuels for aviation, pharmaceuticals, battery recycling for electric vehicles, zero-impact construction materials, carbonated beverages, and decaffeinated products.

Industry Overview in Italy

The climate technology sector in Italy has been gaining traction, reflecting a growing recognition of the need for sustainable solutions to combat climate change. The market for carbon credits has expanded dramatically, with a reported 27-fold increase in volume between 2020 and 2022, indicating a robust demand for innovative carbon capture solutions. This growth is driven by the urgent need to meet climate goals set forth by national and international agreements, including the Paris Accord.

Italy's commitment to sustainability is further supported by regional initiatives, such as the Tech4Planet Technology Transfer Hub, established as part of CDP Venture Capital. This initi