Ucaneo logo — Developing a pioneering Direct Air Capture technology

Ucaneo

Developing a pioneering Direct Air Capture technology

Founded 2022 Germany Berlin, Germany 11 employees Non Equity Assistance

General Information

Company Name Ucaneo
Founded Year 2022
Location Germany Berlin, Germany +1
Employees 11
Funding Stage Non Equity Assistance
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About Ucaneo

Ucaneo is a startup developing a pioneering Direct Air Capture (DAC) technology with the slogan "Developing a pioneering Direct Air Capture technology". The company's state-of-the-art electrochemical technology mimics the human lung's CO2 management process. Using electricity and a specialized biomimetic solvent, Ucaneo can remove atmospheric CO2 at continuous regeneration at room temperature, concentrating CO2 into a pure gas ready for industrial use. This DAC technology is highly energy-efficient and compatible with variable intermittent renewable energy sources such as solar and wind energy, allowing for energy price arbitrage and flexible, on-demand CO2 removal. They have set an ambitious goal to capture 0.5 GT of CO2 from the air by 2035 - roughly the same weight as all humans on earth combined, recognizing the global scale of the climate change issue. Founded in 2022 the company is based in Germany and received a significant €6.75M seed investment on 10 September 2024. The investment came from an array of notable investors including Nucleus Capital, IBB Ventures, Carbon Removal Partners, Apprecia Capital, Smart Energy Innovationsfonds (SEIF) by Energie 360°, Plug and Play Sustainability Fund, Grantham Environmental Trust, Flixfounders, and Pjotr van Schothorst. The company is currently scaling up its technology and actively seeking talented individuals in the areas of chemical engineering, electrochemistry, and mechanical engineering to join their ambitious team.

Taxonomy: Direct Air Capture, Carbon Dioxide Removal, Climate Change Mitigation, Environmental Technology, Carbon Sequestration, Green Technology, Chemical Engineering, Electrochemistry, Mechanical Engineering, Clean Energy, Carbon Emissions Reduction, Innovation, Ambitious Goals

Funding Rounds & Investors (2)

View All
Funding Stage Amount Investors Lead Investors Date
Non Equity Assistance Unknown 1 MassChallenge Switzerland 24 May 2024
Seed Round Unknown 1 Grantham Foundation 01 Jan 2024

Ucaneo Alternatives & Competitors

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Ucaneo vs

Direct Air Capture (DAC) technology to extract Carbon Dioxide (CO2) from the atmosphere for utilizat...

Non Equity Assistance
11 employees
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FAQ About Ucaneo

Developing a pioneering Direct Air Capture technology
Ucaneo was founded in 2022.
Ucaneo is headquartered in Berlin, Germany.
Ucaneo has approximately 11 employees.
Ucaneo has completed 2 funding rounds. The latest funding stage is Non Equity Assistance.
Top alternatives and competitors to Ucaneo include DACMA GmbH, Svante, NEG8 Carbon (formerly Trinity Green Energies), CarpeCarbon, fortyfour. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Ucaneo and DACMA GmbH 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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