NovoMOF Raises $5.4 Million to Scale Up Low-Cost Carbon Capture Materials

novoMOF said it has raised CHF 4.4 million (USD $5.4 million) to further advance its sustainable materials for low-cost carbon capture in high-emissions industrial sectors.

Founded in 2017 as a spinoff that grew out of the Swiss Paul Scherrer Institute (PSI), novoMOF develops Metal Organic Frameworks (MOFs), a new class of highly porous materials with exceptionally high surface area in a compact volume, for a range of applications, including point-source CO2 capture. MOFs, a new class of highly porous materials, were first discovered and developed by Omar M. Yaghi, Professor of Chemistry at UC Berkeley, who is a scientific partner of novoMOF. When precisely engineered, MOFs can act as “molecular cages,” selectively capturing and separating target substances such as CO2, methane or other high-value gases.

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According to novoMOF, the company’s MOF-based CO2 capture materials have the potential to capture CO2 at costs well below €100 per ton of CO2. novoMOF said that it aims to capture six million tons of CO2 per year with its MOFs by 2030, and that it is currently targeting point-source CO2 capture across various industrial sectors, including energy production and industrial processes. The company added that the highly space-efficient CO2 capture designs enabled by MOFs also make them well suited for maritime and heavy-duty transport applications.

GTT Strategic Ventures, the investment fund of the GTT group, led the round, alongside Shift4Good, Regenerative ltd, and other investors.

Daniel Steitz, CEO and Founder at novoMOF, said:

"This investment marks a significant milestone in our journey to make MOF-based CO₂ capture both scalable and economically viable. With the support of GTT Strategic Ventures, Shift4Good, Regenerative, and our existing investors, we are accelerating the deployment of our advanced MOF materials where it matters most—at the heart of industrial, energy and transport emissions. Our goal is clear: to deliver meaningful impact on global emissions through cutting-edge materials and strong partnerships."

Hélène Loncin, Head of Venture Capital at GTT, added:

"GTT Strategic Ventures is proud to support the development of novoMOF, whose high-performance materials will help address the challenge of decarbonising maritime transport. Together with our co-investors, we are pleased to back a talented and committed team whose work has the potential to make a real difference in CO₂ reduction"