Equatic Secures US$11.6 Million Series a Funding to Advance Permanent Carbon Removal, Green Hydrogen Production

Equatic, a pioneering company in combined carbon dioxide removal and green hydrogen production, today announced the successful closure of its Series A funding round. The US$11.6 million round was led by Catalytic Capital for Climate and Health (C3H), a catalytic vehicle by Temasek Trust, and Kibo Invest, a Singapore-based private investment office with a focus on climate technology.

The funding round, with participation from a consortium of global investors, will accelerate the engineering scale-up and commercialisation of Equatic’s patented seawater electrolysis technology.

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This substantial capital infusion will support the ongoing engineering of Equatic’s first 100-kilotonne carbon dioxide removal (CDR) commercial facility, alongside further commercialisation, manufacturing, and technological development. Equatic’s proprietary technology is designed to capture atmospheric carbon dioxide and produce green hydrogen in a single, scalable process, advancing two critical net-zero pathways.

Gaurav N Sant, Founder and Chief Technology Officer, Equatic, said: "This investment marks a pivotal moment for Equatic, enabling us to significantly scale our production capabilities and accelerate our mission to deliver durable carbon removal at scale. The Temasek Trust ecosystem has been a foundational partner to Equatic, from early-stage philanthropic backing from Temasek Foundation to catalytic investment through C3H. We welcome Kibo Invest as co-lead and recognise their commitment to invest in companies that are revolutionising industries and addressing urgent climate challenges."

Lord John Browne, Chairman of Equatic’s Advisory Board, Founder and Chairman at BeyondNetZero, and the former CEO of British Petroleum, said: "Truly innovative carbon management technologies are needed to mitigate climate change before the consequences become irreversible. By removing carbon dioxide and simultaneously generating green hydrogen, Equatic’s solution provides unique advantages in terms of cost and scalability."

Ryan Tan, Head of C3H, commented: "Equatic’s technology and approach exemplify the type of bold and scalable innovation that aligns with C3H’s mandate. We are delighted to support Equatic’s goal in advancing promising climate mitigation solutions that offer permanent, durable carbon removal with green hydrogen production for scalable, tangible impact and commercial benefit."

James Marshall, CEO of Kibo Invest, said: "Equatic represents an exciting opportunity to scale deep-tech innovation that addresses two critical needs: decarbonisation and clean energy. As an investor focused on climate solutions, we are proud to partner with C3H and Equatic to help bring this breakthrough technology to commercial scale."

Equatic’s technology

Since commencing operations in 2023, the Equatic technology has been successfully deployed at two pilot plants in Los Angeles and Singapore. The company is now expanding its operations with a demonstration plant in Singapore, known as Equatic-1, and a commercial-scale plant in Canada.

In May 2024, Equatic was recognised as a CDR Purchase Prize semifinalist by the U.S. Department of Energy, acknowledging its high-quality, permanent carbon credits and rigorous Monitoring, Reporting, and Verification (MRV) practices. In September 2024, Equatic announced a significant climate breakthrough with the U.S. manufacture of oxygen-selective anodes, which unlock scalable hydrogen production through direct seawater electrolysis.

That same month, Equatic was named a finalist for The Earthshot Prize, a prestigious international recognition for groundbreaking solutions to repair the planet.

Equatic’s commitment to high-integrity carbon removal is underscored by its adoption of an ISO-14064 standard for MRV, first published by Equatic in May 2023. Subsequently, this standard was validated by two leading carbon removal registries, Isometric and Puro.earth, making Equatic one of the only marine companies capable of issuing high-quality CDR credits under either registry, with full transparency and auditability.

Buyers of Equatic’s CDR credits include Boeing and other large industrial companies committed to market-based mechanisms for decarbonisation.

This Series A round reflects the increasing momentum for scalable climate mitigation solutions and demonstrates the power of catalytic capital and science-driven innovation in accelerating progress on the global climate challenge.

About Equatic

Equatic is a carbon removal company leading the industry in combined carbon dioxide removal and green hydrogen production. Using a patented seawater electrolysis and a direct air capture process, Equatic activates and amplifies the ocean’s inherent ability to absorb and store massive amounts of carbon. Equatic works with industry pioneers, national agencies, and government leadership to scale climate solutions at unprecedented rates. The company sells high-integrity carbon removal credits and green hydrogen.

About Catalytic Capital for Climate and Health (C3H)

C3H is a catalytic vehicle by Temasek Trust that provides capital to innovative, early-stage companies in Climate, Health, and their intersection. C3H focuses on companies that deliver tangible impact through bold, scalable solutions. Its activities are anchored by Temasek Trust’s impact areas of Planet, People, Peace, and Progress.

About Kibo Invest

Kibo Invest is an investment office focused on driving innovation and sustainable returns. Through its climate tech fund, it invests in companies that are revolutionising industries and addressing urgent climate challenges. Based in Singapore, and investing across continents, it leverages its global network to identify and support high-potential ventures.