Solumar

Solumar

New CCUS solutions to help Heavy Industry comply with the Net-Zero Agenda 2050.

Founded 2023

Bulgaria 12 employees Non Equity Assistance Sustainability, Transportation +1

Solumar is a startup that is focused on providing new Carbon Capture, Utilization, and Storage (CCUS) solutions to help the Heavy Industry sectors comply with the Net-Zero Agenda 2050. Their slogan, "New CCUS solutions to help Heavy Industry comply with the Net-Zero Agenda 2050," encapsulates their mission. The company aims to transform the emissions reduction landscape for heavy industry sectors with its novel Air & Gas filtering solutions. Solumar's technology can directly cut 92-99% of Black Carbon and Greenhouse Gas (GHG) emissions combined, with x6-8 times lower Capital Expenditure (CAPEX) & Operational Expenditure (OPEX). Their custom solutions also enable the re-selling/re-using of materials from emissions, generating incremental revenue. One of the remarkable aspects of Solumar's technology is that it works solely with seawater and combined principles borrowed from Aviation, excluding the need for chemicals and additional payload. Additionally, the technology is scalable to any size and can be retrofitted or forward-fit in any equipment without the need to redesign the current infrastructure. As of 2023, Solumar has attracted Non-Equity Assistance investment on 24th May 2024 from MassChallenge Switzerland. The company is headquartered in Bulgaria and operates within the industries of sustainability, transportation, and oil and gas. Solumar presents an opportunity for investors to contribute to a greener, cleaner future for all. 🌍

Funding Stage	Amount	Investors	Lead Investors	Date
Non Equity Assistance	Undisclosed	1	MassChallenge Switzerland	24 May 2024
Grant	Undisclosed	1	Sharjah Research Technology and Innovation Park	24 Dec 2023

Funding Stage

Amount

Investors

Lead Investors

Date

Non Equity Assistance

Undisclosed

MassChallenge Switzerland

24 May 2024

Grant

Undisclosed

Sharjah Research Technology and Innovation Park

24 Dec 2023

FAQ About Solumar

New CCUS solutions to help Heavy Industry comply with the Net-Zero Agenda 2050.

Solumar was founded in 2023.

Solumar is headquartered in Bulgaria.

Solumar operates in Sustainability, Transportation and Oil and Gas. Its work centres on CCUS, emissions reduction, heavy industry and net-zero agenda.

Solumar has approximately 12 employees.

Solumar has completed 2 funding rounds. The latest funding stage is Non Equity Assistance.

Top alternatives and competitors to Solumar include Net Power, HAMR - Fuelling a Sustainable Future, CleanJoule, Fulcrum BioEnergy, Inc., Twelve. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.

Solumar and Net Power are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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