Octavia Carbon, a Kenya-based company, has secured financial backing to make progress on its Direct Air Capture (DAC) technology, which mainly focuses on the extraction of CO2 from the atmosphere.
With the use of DAC technology, the company designs, builds and deploys equipment that directly captures atmospheric CO2 to address climate change.
Octavia Carbon is leading the charge to give climate justice to communities in Kenya by offering carbon credits for purchase.
This allows individuals and businesses to offset their carbon footprint economically. The geology, talent, and natural geothermal energy of Kenya are helping the business run more efficiently and affordably.
“Carbon capture technologies have a crucial role to play in addressing climate change,” stated Martin Freimüller, founder and CEO of Octavia Carbon. “Our DAC technology will help reduce carbon emissions in the global pursuit for a net-zero future.”
“Octavia Carbon’s innovative technology and recognition of the growing demand for durable and verifiable carbon credits in the carbon market continues to position Africa as an active contributor to global climate solutions,” said Esther Mwikali, Investment Manager at Renew Capital. “We’re excited to support Octavia in their efforts.”
The investment that Octavia Carbon has received highlights the significance of innovative climate solutions and the role that Africa can play in creating a more sustainable future.
Read more on Tech Gist Africa:
Tappi, a Kenyan startup, raises $1.5 million in pre-seed funding
BasiGo, a Kenyan e-bus startup, has raised $5 million in debt funding
Amini, a climate tech startup based in Kenya, has raised $4 million in seed funding
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