CARY — Sustaera, Inc. last Friday filed with the SEC their intention to raise $1.25 million in debt and other securities. The filing disclosed $750,000 raised so far from 1 investor.
Sustaera works to provide carbon capture through its Sustaera DAC 2.0 Direct Air Capture Solution. According to their website, the Direct Air Capture technology uses “renewable energy that will allow us to remove, replace, and reuse carbon at a massive scale to enable a cleaner future.”
Cary air capture startup Sustaera taps gas processing exec as new CEO
In April of last year, the company won a $1 million XPRIZE Milestone Award for Carbon Removal. Funded by the Musk Foundation, the award was one of 15 prizes granted to more than 1,100 competing teams.
The company, founded in 2021, last announced nearly $5 million raised in equity in December of 2021 funded by Breakthrough Energy Ventures and the Grantham Foundation. This filing was signed by the CEO, Mary Haas, who joined the company last fall.
