Rotterdam-based company Paebbl has raised €22.8 million in a Series A funding round to accelerate the development of CO2 storage in building materials.
New investors include The Climate Pledge Fund (Amazon), Holcim, and German concrete company Goldbeck.
Paebbl has achieved significant milestones in its CO2-storing technology, including producing 250kg of CO2-storing product daily and casting concrete structures with captured carbon.
The funding will be used to commission a demonstration plant and expand Paebbl's presence in Helsinki, Rotterdam, Stockholm, and the UK.