Spiritus, a climate technology company, has raised $30 million in Series A funding to accelerate its groundbreaking Direct Air Capture (DAC) technology for transforming carbon dioxide removal (CDR). The investment, led by Aramco Ventures and joined by Khosla Ventures, Mitsubishi Heavy Industries America, and TDK Ventures, will drive Spiritus’ efforts to remove up to 20 billion tons of carbon annually by 2050—a crucial step in limiting global warming to 2°C or lower by 2100.

The latest funding round will support Spiritus scaling its innovative carbon removal solutions. The company’s success is built on a novel sorbent material invented by CTO Matt Lee, a former Los Alamos National Laboratory Group Leader. This breakthrough material and a low-energy passive contacting system enable high-efficiency carbon capture at an estimated $100 per ton.

CEO Charles Cadieu, known for founding Caption Health and IQ Engines, leads Spiritus toward commercial-scale carbon sequestration. The Series A funding positions Spiritus as a leader in the trillion-dollar carbon removal market while ensuring rapid deployment of its DAC+S (Direct Air Capture and Sequestration) technology.

The fresh investment will facilitate rapid deployment and commercialization, positioning Spiritus as a trillion-dollar carbon removal market leader.

Spiritus Scaling Carbon Removal for a Greener Future

The Series A funding positions Spiritus as a leader in the trillion-dollar carbon removal market while ensuring rapid deployment of its DAC+S (Direct Air Capture and Sequestration) technology. With funding from TDK Ventures, Spiritus is launching three major projects to demonstrate large-scale carbon capture and sequestration (DAC+S):

New Mexico Pilot Facility: Capable of capturing 1,000 tons of CO₂ annually, this site will validate the feasibility of industrial-scale DAC.
Orchard One, Wyoming: Designed to sequester 2 million tons of CO₂ per year, this will be the first full-scale Spiritus Carbon Orchard.
Global Expansion: In collaboration with Aramco Ventures, the company will scale its carbon removal technology internationally, starting with deployments in Saudi Arabia.

TDK Ventures President Nicolas Sauvage said, “What the Spiritus team has accomplished is truly inspiring. Their creativity and prowess drive the cost of high-quality CDR as low as we have ever seen in a way that can be deployed at scale in months, not years. Spiritus is exactly the kind of company TDK wants to champion – hard, materials tech that can improve the world.”

A Critical Step Toward Carbon Neutrality

The Intergovernmental Panel on Climate Change (IPCC) highlights CDR as essential to reducing global warming. Estimates suggest that capturing 5 to 20 billion tons of CO₂ per year is necessary to meet climate targets. Spiritus’ scalable, low-cost solution offers a practical and economically viable path forward.

TDK Ventures’ investment exemplifies its commitment to Green Transformation (GX) and sustainable innovation. By integrating cutting-edge sensor technologies with carbon capture systems, this partnership will shape the future of carbon sequestration and net-zero initiatives.

Spiritus is redefining carbon dioxide removal with its advanced Direct Air Capture technology. Its unique combination of rapid sorption and desorption rates, low-temperature regeneration, and modular deployment makes large-scale carbon removal and sequestration a reality. As global industries push for net-zero emissions, Spiritus is paving the way for a cleaner, more sustainable planet.

Spiritus CEO Charles Cadieu said, “TDK Ventures is an ideal investor and partner. In addition to their financial support, it’s incredible to see that TDK goodness also means the support of a huge network of people and organizations with the same vision as ours of improving the world through technology. We are already experiencing the benefits of their support.”

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