Ebb Carbon Raises $20 million Series A
April 20, 2023
Ebb Carbon – an ocean-based carbon dioxide removal (CDR) company founded by former Tesla, SolarCity, and Google X executives – has raised a $20 million Series A to develop and deploy its technology, which enhances and speeds the ocean’s natural ability to capture and permanently store CO2 from the atmosphere. This is the largest investment to date in an ocean-based carbon dioxide removal technology.
With this funding, Ebb will begin to deploy its first systems – one with the capacity to remove 100 tons of CO2 later this year, and a 1,000-capacity system shortly thereafter.