Mantel Raises $30M Series A Funding Round
BOSTON, MA, Mantel Capture, the technology provider of a carbon capture system using molten borates, has raised $30 million in Series A funding.
The round was co-led by Shell Ventures and Eni Next. Extra taking part financial specialists incorporate Motor Wanders, Modern Climate Wanders, Hartree, bp Wanders, Arosa Wanders, Vale Wanders, Newlab, MCJ Collective, and others.
evaluated to capture 1,800 tons of CO2 emanations per year at a mechanical location.
Rack is making the to start with molten-salt-based carbon capture development which is laid out to work at the tall temperatures found insides boilers, stoves, and radiators – engaging exceedingly capable carbon capture that has not been conceivable until presently. Carbon capture can be connected over businesses to decrease outflows and accomplish net-negative outflows. By tackling productivity Shelf can cut costs considerably, opening carbon capture’s part in coming to net zero outflows by 2050.
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Details:-
| Date | Amount | Type | Investor | Valuation |
| 06/09/2024 | $30,000,000 | Series A | Arosa Ventures BP Ventures Engine Ventures Eni Next  Hartree Partners New Climate Ventures NewLab Shell Ventures Vale Ventures | Undisclossed |
