Avnos Attracts Additional $36M In Series A To Expand HDAC™ Technology

Feb 06, 2024•almost 2 years ago

Amount Raised

$36 Million

Los AngelesEnergy

Investors

Rusheen Capital ManagementEnvisioning PartnersShell Ventures LlcNext Era Energy Resources, Llc

Description

Avnos, Inc. has closed $36 million in Series A funding to scale its HDAC™ technology, expand its team, deploy additional HDAC assets, and open a new research and development facility outside New York City.

Company Information

Company

Avnos

Location

Los Angeles, California, United States

About

Avnos is pioneering a new approach to carbon removal by integrating water into the core of its technology to redefine the water–energy balance in Direct Air Capture (DAC). Its patented Hybrid Direct Air Capture (HDAC™) system captures CO₂ while generating clean water and requires no external heat, making it the most resource-efficient, flexible, and cost-effective DAC solution at scale. Partnering with Shell, Mitsubishi Corporation, the U.S. Department of Energy, and the Office of Naval Research, Avnos is advancing large-scale projects that showcase HDAC’s ability to deliver sustainable, revenue-generating carbon removal across industries.

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