Octavia Carbon, headquartered in Kenya, has secured funding to advance its Direct Air Capture (DAC) technology, with a primary focus on extracting carbon dioxide (CO2) from the atmosphere. The company is committed to combating climate change through the development, construction, and deployment of machines designed to directly capture atmospheric CO2 using DAC technology. Martin Freimüller, the founder and CEO of Octavia Carbon, emphasized the pivotal role of carbon capture technologies in addressing climate change. He expressed confidence that their DAC technology would contribute significantly to reducing global carbon emissions in the pursuit of a net-zero future.
Octavia Carbon not only pioneers in technological solutions but also provides a platform for the purchase of carbon credits. This allows both companies and individuals to offset their carbon footprint affordably. Simultaneously, the initiative aims to promote climate justice for communities in Kenya. Leveraging Kenya’s natural geothermal resources, geological advantages, and a pool of talented individuals, Octavia Carbon ensures cost-effective operations.
Martin Freimüller’s vision is encapsulated in the company’s mission to offer innovative technology while acknowledging the growing demand for durable and verifiable carbon credits in the carbon market. Esther Mwikali, Investment Manager at Renew Capital, expressed excitement about supporting Octavia in their endeavors. Renew Capital, an Africa-focused impact investment firm, recognizes the significance of Octavia Carbon’s contribution to global climate solutions. The investment received by Octavia Carbon underscores the importance of pioneering climate solutions and Africa’s active role in fostering a more sustainable future.
Renew Capital, as the driving force behind the investment, stands as an Africa-focused impact investment firm. The organization supports growth-oriented founders who possess a unique combination of skills, grit, and passion. Acting on behalf of the Renew Capital Angels, a global network comprising angel investors, foundations, and family offices seeking both financial returns and sustainable social impact, Renew Capital plays a crucial role in promoting impactful and sustainable ventures.
The collaboration between Octavia Carbon and Renew Capital symbolizes a strategic alliance in the pursuit of innovative climate solutions and a commitment to shaping a more sustainable future.
Charles Rapulu Udoh is a Lagos-based lawyer, who has several years of experience working in Africa’s burgeoning tech startup industry. He has closed multi-million dollar deals bordering on venture capital, private equity, intellectual property (trademark, patent or design, etc.), mergers and acquisitions, in countries such as in the Delaware, New York, UK, Singapore, British Virgin Islands, South Africa, Nigeria etc. He’s also a corporate governance and cross-border data privacy and tax expert. As an award-winning writer and researcher, he is passionate about telling the African startup story, and is one of the continent’s pioneers in this regard.