Dioxycle, a French-American startup that transforms CO2 emissions into sustainable chemicals, raised $17M in Series A funding.
The round was led by Lowercarbon Capital and Breakthrough Energy Ventures Europe (BEV-E), with participation from Gigascale Capital. The company intends to use the funds to expand operations and its business reach.Launched in January 2021 and led by CEO Sarah Lamaison and CTO Dr. David Wakerley, Dioxycle is developing technology to produce sustainable ethylene from recycled carbon emissions at equal or lower costs to fossil equivalents. Dioxycle’s low-temperature electrolyzer generates high-value chemicals from just carbon emissions, water, and renewable electricity. This proprietary electrolyzer combines cost-effective catalytic technologies, proprietary high-efficiency stack design, and advanced process integration schemes. Dioxycle’s team is currently composed of 20 researchers (>70% PhD) from institutions allying chemical, system and process engineering to develop electrolysis technology for the production of key chemicals and feedstocks.26/07/2023
