Mantel Raises $2M in Funding
Mantel, a Boston, MA-based developer of a novel resolution to carbon seize, rasied $2m in funding.
The spherical was led by The Engine, the enterprise agency spun out of MIT that invests in early-stage Powerful Tech firms, with participation from New Local weather Ventures.
This funding will speed up the corporate’s expertise growth, prototype testing and preliminary deployment.
Based in 2022 by Cameron Halliday, CEO, Danielle Colson, COO, and Sean Robertson, CTO, Mantel supplies a high-temperature, liquid-phase carbon seize system designed to function on the excessive temperatures discovered inside boilers, kilns, and furnaces. The corporate is constructing a platform of options to cut back emissions in hard-to-abate industries corresponding to industrial warmth, cement, metal, and hydrogen. Additionally it is relevant for hard-to-abate geographies the place vitality derived from coal, and pure gasoline is prone to stay prevalent for many years. Moreover, the expertise might be utilized for carbon dioxide elimination from the ambiance via pairing with biogenic sources of emissions, corresponding to bioenergy, waste-to-energy and pulp & paper.
Mantel was spun out of MIT and analysis accomplished with Professors T. Alan Hatton and Takuya Harada. After lab-scale movement loop demonstration is achieved, the corporate plans to make use of contemporary capital to construct a business scale demonstration plant.
Mantel Raises $2M in Funding. Congratulations to the entire team. I wish you great success in this endeavour.Shishir Gupta, Founder and CEO, StartupLanes
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