Startups
Parallel Carbon

Parallel Carbon

https://parallelcarbon.com

Advance hydrogen and direct air capture hardware platform.

Summary

Seedtable Score
  • 54
Locations
Company Size
  • 1 to 10 employees
Last Stage Round
  • Seed

Insights

This section hypothesizes why Parallel Carbon can be a $10 billion dollar company in 10 years, in 10 lines or less.


Parallel Carbon utilizes renewable energy for clean hydrogen production while pulling carbon dioxide from the atmosphere. Its system integrates water electrolysis and direct air capture (DAC) to reduce capital costs and better utilize low-cost renewable energy. This process operates with intermittent electricity, providing critical advantages compared to high-temperature direct air capture pathways, such as those offered by Occidental Petroleum through their recent acquisition of Carbon Engineering.

Total funding Amount

$3.7M

Fundraising History

  • Jan 08 '24 Seed
    $3.6M

Investors

  • Saudi Aramco Energy Ventures
    Seed
  • Voyagers
    Seed
  • Axon Partners Group
    Seed
  • DNX Ventures
    Seed