Startup Verdox gets US$80mil from Bill Gates


New method: A man working at an archaeological site near a coal-fired power plant in central Serbia. There is growing interest in technologies that can permanently sequester CO2 already in the atmosphere. — AFP

NEW YORK: A Massachusetts-based startup that captures carbon dioxide directly from the air has raised US$80mil (RM335mil) from investors, including Bill Gates-led Breakthrough Energy Ventures.

Founded in 2019, Verdox Inc’s technology is still only operable at lab scale.

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Datuk Wan Mohd Fadzmi concludes tenure as Labuan FSA's chairman
MSPO 2.0 reinforces Malaysia's leadership in sustainable palm oil production - MPOC
China's central bank might cut interest rates from current level of 1.5% in 2025, FT reports
FBM KLCI bounces despite Wall St stumble on jobs report
Ringgit weakens versus US$, higher against major currencies
Trading ideas: Maxis, Pentamaster, Awanbiru, KNM, Sunway REIT, Peterlabs, Maybank, Ebobuilt, YXPM, MMC, Ocean Vantage, Karex, Velocity
Oil prices settle up on China optimism
Wall St ends lower on first trading session of 2025
Further upside of PetChem share price limited
CHGP in leadership change

Others Also Read