Svante raises $318 million Series E for carbon capture technology
The raise was led by Chevron New Energies, the U.S. oil giant's business unit focused on low-carbon fuels.
Vancouver climatetech company Svante raised a $318 million Series E supported by Chevron New Energies (CNE). This funding aims to help create a commercial-scale manufacturing facility in Vancouver, the output of which would allow for capture of millions of tonnes of carbon dioxide (CO2) per year. This marks Chevron’s second investment in …