National Grid Partners and Japan Airlines Innovation Fund/Translink Capital join Captura as new investors in this latest raise LOS ANGELES, April 11, 2024 (GLOBE NEWSWIRE) -- Today, Captura announced it had further expanded its Series A funding round leading to a total of US$45.3M. This expanded round underscores Captura's momentum in scaling up and commercializing its Direct Ocean Capture (DOC) technology, a high-potential climate solution that harnesses the ocean's natural role in carbon absorption. Captura welcomes National Grid Partners and Japan Airlines Innovation Fund/Translink Capital as new investors in the round, alongside a number of the company's existing investors. This diverse and global team of investors are backing Captura's unique DOC technology that has significant potential as a low-cost and highly scalable carbon removal solution. This latest increase in funding follows two recent, previously announced raises in January 2024 and January 2023 highlighting the rapid progress of Captura's commercialization strategy. With two fully operational pilot plants in California and an upcoming pilot plant to be installed in Norway in late 2024 in partnership with Equinor, its first commercial deployments are expected to remove tens of thousands of tons of atmospheric carbon dioxide (CO2) annually. Captura's DOC technology offers an approach to carbon removal that extracts CO2 directly from the ocean, thereby enhancing the ocean's natural ability to absorb atmospheric CO2. The captured CO2 can then either be safely and securely stored to deliver carbon removal, or it can be used to produce sustainable products, such as low carbon intensity fuel. These fuels can be useful for the decarbonization of hard-to-abate transportation sectors such as aviation and shipping, where electrification is challenging. Captura's process takes advantage of the ocean's higher volumetric CO2 concentration compared to ...