Equatic, a dual-focus climate tech company specialising in carbon dioxide removal (CDR) and green hydrogen production, has raised US$11.6 million in Series A funding to accelerate commercialisation of its patented seawater electrolysis tech.
The round was co-led by Catalytic Capital for Climate and Health (C3H) — a Temasek Trust initiative — and Singapore-based Kibo Invest, with participation from a global investor consortium.
Funds will be channelled toward engineering scale-up, manufacturing, and development of Equatic’s first 100-kilotonne CDR commercial facility.
The global race toward net zero demands not just carbon capture but scalable, verifiable solutions that can address both decarbonisation and clean energy. Equatic’s approach targets these two fronts simultaneously: removing atmospheric CO₂ while producing green hydrogen in the same process.
“This investment marks a pivotal moment for Equatic,” said Gaurav N. Sant, Founder and CTO. “It allows us to scale production and accelerate our mission to deliver durable carbon removal at scale”.
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C3H’s Head, Ryan Tan, emphasised that the company’s solution aligns with their mission to back bold, scalable innovations for permanent climate impact. Kibo Invest CEO James Marshall added that the partnership aims to bring the technology “to commercial scale” in addressing decarbonisation and clean energy needs.
Since launching operations in 2023, Equatic has deployed pilot plants in Los Angeles and Singapore, with expansion underway through the Equatic-1 demonstration plant in Singapore and a commercial-scale facility in Canada.
The company’s proprietary tech enhances the ocean’s natural carbon absorption capabilities. It uses seawater electrolysis to lock away CO₂ and produce hydrogen without generating harmful byproducts.
In September 2024, Equatic announced a breakthrough in US manufacturing of oxygen-selective anodes, enabling scalable direct seawater electrolysis.
The company has an ISO-14064 standard for monitoring, reporting, and verification (MRV) validated by Isometric and Puro.earth. This allows it to issue high-quality, auditable CDR credits, which companies such as Boeing have already purchased.
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Image Credit: Equatic
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