Start-up is driving the scaling up of CO2-to-raw-material solutions
DeltaSpark has received 150,000 Swiss francs from Venture Kick. The funding is intended to scale up the company’s CO2 capture process and technology and to pave the way for a new round of seed funding. The process converts CO2 into clean hydrogen and solid materials.
The Zurich-based start-up DeltaSpark has received funding of 150,000 Swiss francs from Venture Kick. The company plans to use the fresh capital to scale up its technology and carbon dioxide capture process, according to a statement from the Schlieren-based start-up accelerator.
In this process, an electrocatalytic process is used to process a mixture of absorbed carbon dioxide and added minerals in such a way that hydrogen, oxygen and green sulphuric acid are produced. Much of the CO2 remains bound in the minerals, which can be used as building materials.
DeltaSpark, a spin-off from the Swiss Federal Institute of Technology in Lausanne (EPFL), offers this technology as a service to major emitters such as cement factories or waste incineration plants. The CHF 150,000 now secured is intended to accelerate paid pilot projects and prepare for an upcoming seed funding round.
“Venture Kick is far more than just funding,” Luc Bondaz, CEO of DeltaSpark, is quoted as saying in the press release. “Through targeted coaching, the programme has helped us refine our business plan for our target customer segments. This has enabled us to better understand our customers’ needs, clarify our value proposition and develop a clear go-to-market strategy.”