Terra CO2 Secures $124M Series B Funding to Reduce Concrete's Carbon Footprint
📷 Image source: techcrunch.com
Terra CO2, a cleantech startup focused on sustainable construction materials, has raised $124 million in a Series B funding round. The investment will accelerate the company's mission to decarbonize the concrete industry by developing low-carbon alternatives to traditional cement.
Concrete production is a major contributor to global CO2 emissions, accounting for approximately 8% of the total. Terra CO2's innovative approach involves replacing carbon-intensive materials with locally sourced, mineral-based alternatives, significantly reducing the environmental impact.
The funding round was led by prominent climate-tech investors, reflecting growing interest in sustainable infrastructure solutions. Terra CO2 plans to use the capital to scale production, expand its team, and advance research into further reducing the carbon footprint of construction materials.
Company executives emphasized that this technology could play a pivotal role in helping the construction industry meet ambitious net-zero targets. With global demand for concrete continuing to rise, solutions like Terra CO2's could prove critical in the fight against climate change.
