LD Carbon closes $28M Series C round led by Woven Capital to scale production of sustainable carbon black and pyrolysis oil
Amount Raised
$28 Million
Round Type
Series C
SeoulManufacturingOil And GasAutomotiveInvestors
Description
LD Carbon, a leading producer of recovered carbon black, closed a $28M Series C funding round led by Toyota's growth fund, Woven Capital, with participation by Meritz Securities, Investwith, Industrial Bank of Korea, Hyundai Motor Group ZER01NE, Elohim Partners, and New Main Capital. The investment will be used to scale operations to recycle end-of-life tires and material from end-of-life vehicles into recovered carbon black and pyrolysis oil through pyrolysis and material recovery technology, which in turn can be used to create new automotive parts and tires. The investment will advance LD Carbon's mission of accelerating the circular economy while delivering material cost and carbon savings to global customers.
Who else raised in Oil And Gas and Automotive around the same time
Companies in the same sectors as LD Carbon that raised within 45 days of this round, from Fundz verified event records.
- Matel raised $4M (Seed) on May 16, 2024.
- Simple Energy raised $20M (Series A) on July 29, 2024.
- eLstar Dynamics raised $2.2M (Series A) on July 16, 2024.
- VerdeGo Aero raised $2M on July 12, 2024.
- VerdeGo Aero raised $1.5M on June 25, 2024.
- ClearSign Technologies Corp raised $4.3M on June 24, 2024.
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