Carbon removal technology company Aircapture announced that it has raised $50 million in a Series A funding round, with proceeds from the financing aimed at scaling its Direct Air Capture (DAC) systems to capture and re-use CO2 at industrial sites.

Founded in 2019, California-based Aircapture provides modular on-site DAC machines that capture CO2 from the atmosphere, and makes it available for customers’ production processes. The modular units fit directly into the production processes of commercial and industrial manufacturers, integrated with each manufacturer’s specifications and production needs.

The company was recently awarded $1 million as part of the XPRIZE Carbon Removal competition, alongside partner 44.01 for a DAC project in the UAE. Since the XPRIZE announcement, Aircapture said that it has secured multi-year contracts with major global brands, including Ab InBev.

According to the company, the solution avoids the need for CO2 transportation, reducing costs and transport emissions, and also helps eliminate product impurities, helping commercial customers to become carbon neutral.

Aircapture CEO and Founder Matt Atwood said:

“Our model delivers high-purity atmospheric CO₂ directly at the point of use, creating immediate economic value and significantly reducing the footprint of traditional CO₂ supply chains. With this funding, we’re expanding our technology deployment, accelerating project financing and manufacturing, and continuing to reduce the cost of direct air capture—making large-scale carbon removal a global reality.”

The financing was led by the Lam Larsen Climate Change Foundation. Aircapture said that the new capital will be used to accelerate manufacturing capacity for its next-generation containerized DAC units, expand its commercial deployments across North America, Europe, and Asia, and grow its engineering and deployment teams.

Chris Larsen, founder of the Larsen Lam Climate Change Foundation, said:

“Climate action requires scalable solutions that align carbon dioxide removal with commercial viability. Aircapture’s technology stands out because it delivers tangible, scalable benefits today. Their approach provides essential CO₂ for industries that depend on it daily while reducing atmospheric carbon levels. We’re investing in a proven model that can scale rapidly across mature commercial markets, carbon utilization and sequestration.”