Japan Energy Fund has invested in Svante through its Decarbonised Tech Fund managed by Japan Energy Capital.
Canadian-based Svante was founded with the goal to make carbon capture solutions for hard-to-abate industries. It offers non-intrusive end-of-the-pipe solutions for existing industrial infrastructure to deliver pipeline-ready CO2 for safe storage at the gigatonne scale.
This US$318m Series E funding round is led by Chevron, with participation from existing investors including OGCI and Temasek as well as new investors including the Japan Energy Fund. The raised funds will be used to accelerate the manufacturing of Svante’s carbon capture technology.
