Cleantech startup ARK Capture Solutions has secured over 2.2 million euros in pre-seed funding to advance its innovative CO2 capture technology.
The funding round, led by Aperam Ventures and Seeder Fund, comes just nine months after the company’s founding and will accelerate the development of its unique hybrid carbon capture solution.
Addressing a critical gap in carbon capture
With Europe’s revised Emission Trading System (ETS) phasing out free CO2 quotas by 2034, industries are under increasing pressure to reduce emissions. However, there is currently no economically viable CO2 capture technology available for emissions with concentrations between 4 percent and 15 percent, which account for 50 percent of global emissions. ARK’s hybrid technology significantly reduces capture costs, making it a game-changer in this under-addressed segment.
A scalable and cost-effective solution
ARK’s cutting-edge capture technology is designed to be modular, autonomous, all-electric, and HSE-friendly. “We are proud to offer a solution that unlocks an unaddressed market segment representing half of the world’s emissions”, says Samuel Thiry and Aurélien Vantomme, founders of ARK Capture Solutions.
The company is developing new business models, such as Capture as a Service, to make its technology accessible for both large and small-scale industrial applications. A prototype capable of capturing 2 tons of CO2 per year is already operational, and ARK is now scaling up to a 40-ton per year pilot, with plans for an industrial demonstration unit capturing between 400 and 1000 tons per year in partnership with leading industrial players.
Strong industry support and future plans
This investment underscores the confidence in ARK’s potential to drive decarbonization. “We are delighted to partner with ARK Capture Solutions. Their innovation aligns perfectly with our carbon neutrality goals”, says Thorsten Zimmermann, Head of Aperam Ventures. Aperam Ventures will test ARK’s demonstration unit at its Châtelet facility.
The funding will be used to upscale the technology, expand the team, and accelerate product development and market entry.
ARK is backed by top investors, including Aperam Ventures, Seeder Fund, Climate Club, BeAngels, Lune Ventures, InvestBW, Noshaq, and Wallonie Entreprendre, as well as supported by District Clean Tech, Heart for Cleantech, CEI LLN, and A6K.
With a strong technical team combining industry veterans, scientists, and young innovators, ARK Capture Solutions is poised for rapid growth and aims to play a crucial role in the fight against climate change.
