Aramco Ventures, the venture capital arm of Saudi Aramco, has led a $30 million Series A funding round for U.S.-based climate tech company Spiritus. This investment, alongside contributions from Khosla Ventures, Mitsubishi Heavy Industries America, and TDK Ventures, aims to propel Spiritus’s Direct Air Capture (DAC) technology, an innovation that could significantly reduce the cost of removing carbon dioxide (CO₂) from the atmosphere.
This funding comes at a crucial time as nations and industries seek scalable and cost-effective solutions to combat climate change.
