The five-person startup used something like a shipping container with a simple fan attached to the side. Pufferfish The company believes its novel technology holds part of the answer to fighting climate change.
A Sydney company that makes machines that suck carbon dioxide out of the air Investment possibleWith participation from Australian investors Jerix Ventures and Electrifi Ventureas well Opposea London-based venture capital firm specialising in carbon removal.
The capital injection will help Fugu develop its manufacturing-designed machines ahead of a Series A, likely within the next 12 to 18 months, according to the startup’s co-founder and CEO. Luke Marshall.
“Now we have a working machine, but it’s not the end product,” he said. Capital Brief“We’ve demonstrated that we can extract carbon from the atmosphere at the price we’re aiming for, which is significantly lower than the price that others in the industry are targeting at this time.”
Marshall met his co-founders Mack Thompson in Sun CableThompson was one of three co-founders of the project along with his brother Fraser, and Marshall was its first recruit and later became its chief technical officer.
