Cleantech startup Octavia raises $5 million to take more CO2 out of the atmosphere and build a storage plant
- Octavia Carbon raised $5 million in seed funding.
- The company plans to build a Direct Air Capture (DAC) storage plant.
- Octavia Carbon uses geothermal energy to lower DAC costs.
Octavia Carbon's innovative approach to carbon capture using geothermal energy not only addresses climate change but also presents a viable business model through carbon credits. Their ambition to scale operations and become an OEM for DAC technology could position them as a leader in the cleantech sector, especially in the context of increasing global demand for sustainable solutions.
